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In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.
Data has proven to be a vital ingredient in furthering racial and economic equity in the Bay Area. However, not all local organizations have the capacity to leverage data-driven insights and tools to drive solutions forward and achieve equitable outcomes.
The Build Back Better Act has the potential to help the nation grow, as framed by the White House, “from the bottom and middle-out" by providing families with funding for childcare, expanding access to affordable housing, education, and health care, and enforcing tax laws on the extremely wealthy.
Northern California Grantmakers (NCG) and Funders Together to End Homelessness (FTEH) are pleased to announce the Bay Area Homelessness Funders Network (BAHFN). We are joining forces to advance racial equity and coordinate across the region to prevent and end homelessness in the Bay Area by creating a space to connect and facilitate action. The network draws on NCG’s expertise in bringing philanthropy together to build healthy, thriving, and just communities and FTEH’s work mobilizing philanthropy in using its influence, expertise, and voice to advance lasting solutions to end homelessness, including addressing structural and racial inequities.
A coalition of non-profit, philanthropic, business, and public sector partners are working to advance a regional bond that could unlock billions of dollars for the construction and preservation of affordable homes across 9 Bay Area counties at an unprecedented scale in the region.
Trans leaders need the spaciousness–many of us understand to be provided by sufficient resourcing–to be able to dream even bigger. As funders, we must understand, now is not the time to center our individual agendas; we cannot focus on single program areas, issues, and strategies, or tepid expansion of portfolios. The Right continues to fund for the long haul, and progressive philanthropy needs to expand our funding and our imagination. If we are working toward equity, we must be steadfast in resourcing trans leaders committed to, and creating long-term strategies for, trans people to live with self-determination and full autonomy.
SAN FRANCISCO – The Youth Power Fund is pleased to announce a total of $870,000 in grants to 29 youth organizing groups in Northern California. The fund was launched in 2019 by foundations and donors that recognize the importance of youth organizing and its role in sustaining a vibrant, inclusive society. To this end, the fund invests in young people of color, particularly young Black and Indigenous leaders, who are creating the world they want to live in by reimagining and transforming communities and systems.