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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.
Since 2020, many funders have embraced new ways of interacting with their nonprofit partners and grappled with how to shift the grantmaking power imbalance. Reporting is no exception. Funders have started to deeply consider grantee partners' work when reporting on their efforts in relationship with the grant dollars they receive.
Resourcing and strengthening our nonprofit ecosystem requires holistic grantmaking and bold innovation. It requires foundations to leverage all of their tools to support organizations in achieving their mission. Working together, we can build a nonprofit ecosystem that has the strength and resilience to win.'
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.
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.
Funding and supporting nonprofit resilience is a key component in sustaining our nonprofit ecosystem. How can lean funders magnify their capacity building work to strengthen their nonprofit partners?
In order to make real changes in our communities, it is not enough to win elections. When progressive candidates get elected, philanthropy must provide them the support they need to govern effectively with the communities that helped elect them. Philanthropy already invests in increasing civic engagement and advocacy on social issues such as improving healthcare, education, and building a strong and inclusive economy for everyone.