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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.
Achieving racial equity and sustaining a viable democracy go hand in hand. NCG defines democracy as the processes, systems, and structures for historically marginalized and underrepresented community members to participate in a political system that fulfills the promise of an equitable multi-racial society. Northern California is a region that can model this approach, ensuring that people of color and other communities historically underrepresented and marginalized in our political process fully engage in the democratic process.
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.
You can find all speaker resources from #CPI2023 here.
Over the next 20 years in the U.S., $35–70 trillion in wealth will transfer from one generation to another in the largest generational wealth transfer in history, mostly moving within wealthy white families. The policies that make possible this protection and accumulation of wealth are situated within the legacy of land theft, genocide of Native people, enslavement of Black people, and exploitation of natural resources. This context of racial capitalism has also given rise to wealth accumulation that, in part, birthed the philanthropic sector. Paradoxically, many of us working within philanthropy aim to contribute to changes in systems, structures, and outcomes that address the harms of interconnected systems like racial capitalism that favor some at the expense of others and the planet.
The Tax Equity Funders Network, Northern California Grantmakers, the Asset Funders Network of the Bay Area, and the League of California Community Foundations are hosting a three-part virtual learning and discussion series for California funders on improving economic security, wealth-building opportunities, and equity for low-income Californians through the tax code. This series, sponsored by Blue Shield of California Foundation, is informed by our recent scan of the CA tax credit ecosystem, and responds to California charitable foundations’ interest in learning about and addressing the challenges faced by low-income Californians at tax time and the potential to use tax systems to improve equity.