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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.
The neighborhoods we call home are steeped in meaning, culture, and history. Across Northern California, historically Black and other people of color neighborhoods are working to reverse and repair decades of community removals and neglect, while facing ongoing pressures that threaten resident and business displacement. These communities have initiated reparative and inclusive economic and community development efforts along commercial corridors that center the culture, values and history
of local residents.
The multiple polycrises of our time continue to disproportionately impact trans, gender non-conforming, and nonbinary communities of color.
California’s Central San Joaquin Valley is a vast region with 8 counties. It is home to rural, agricultural, poor and working-class communities of color and contains the majority of the state’s prisons. Despite its rich history of organizing and the undeniable impacts of the state’s investment in carceral infrastructure, the Central Valley is overlooked by philanthropy. This region receives the least amount of philanthropic resources for community organizing in the state.
Join Rise Economy and the California Community Land Trust Network for a funders-only virtual
briefing and conversation with foundation, public sector and community leaders on the
importance of corporate accountability in tackling the housing crisis. Presenters will share policy
strategies to address the capital gap by increasing banking sector investment in affordable
housing and BIPOC homeownership. Moderated by Dr. Manuel Pastor, funders will learn about
how these campaigns could generate significant resources and data to address the state's
affordable housing crisis, stabilize neighborhoods, and build climate resilience.
The Funding Strategies to Accelerate Power-building Cohort is learning and collaboration community of practice that will help philanthropic grantmakers sharpen their power-building strategies by engaging in 501c(4) and complementary 501c(3) funding. A core premise is that these types of grantmaking strategies (which NCG calls “c4-aligned funding”) can accelerate movement building and systems-change goals, strengthen our democracy, and advance racial equity.
Our delegation had wrapped up a full day of meetings with congressional and agency staffers where we elevated some of the most pressing issues facing our state: housing and economic security, climate and disaster resiliency, nonprofit resiliency, and democracy and civic engagement.