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In times of uncertainty, it’s more important than ever for funders to be aware of their grantees’ financial health. The IRS Form 990 is a useful tool to help ensure your organization is meeting not-for-profit requirements and can provide insight into potential upcoming opportunities and challenges.
The IRS Form 990 is a complex, comprehensive document — and a useful tool for confirming an organization is meeting its not-for-profit requirements. It can also provide insight into important opportunities and help reveal information related to your organization’s financial health.
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.
Large-scale civic infrastructure projects implemented during urban renewal caused generational harm to communities of color. Now cities have the chance to reimagine their neighborhoods and repair this harm with equitable, resident-led comprehensive community development strategies. When these projects come up, longtime residents and the communities who suffered most from past projects must be at the forefront leading the vision for their neighborhoods, grounded in racial equity.
In the November election, we can advance statewide policy in California that is truly transformative for our communities. The scale of the housing crisis we're facing means our efforts need more scale, and local voters need more power to address the affordable housing and public infrastructure needs in their communities. Proposition 5 empowers local voters to approve bonds for affordable housing, critical public infrastructure, and emergency response in our communities with a 55% vote – if those bonds have strict accountability and oversight.
Pathways to Housing Justice: A 3-Part Series on Intersectional Solutions
We all deserve a decent place to live. It’s a matter of basic justice and a measure of who we are as a community. Having a stable, affordable home impacts our health, ability to find and keep a job, success at school, and connection to our communities. Our whole community does better when everyone has good, safe housing.
NCRP’s PowerMoves provides a compelling framework and toolkit for funders to build power, share power, and wield power for equity and justice. This session will explore the Sharing Power module in-depth, offering three living case studies of foundations that turned grantmaking decisions over to the community.