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The American banking system is broken, and the evidence is unmistakable. From the recent failure of one of the largest banks in the U.S. to ongoing predatory products blanketing lower-income communities, it is clear that we are at an inflection point. Bank regulators currently fall into the familiar trap of trying to fix the symptoms such as banning certain products, minor regulatory modifications without fixing the root causes of structural inequities. This results in repeated crises usually requiring taxpayer-funded bailouts but no meaningful change of the system. We must find better opportunities to address staggering losses of wealth through failures in the banking system while also building new structures that support economic equity and help build and preserve more local community wealth.
Funding Strategies to Accelerate Power-building Cohort is a new offering within NCG's Communities of Practice. This cohort is a 4-part learning and collaboration series that will help philanthropic grantmakers sharpen their power-building strategies by engaging in 501c(4) funding 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.
The Trust-Based Philanthropy Project, in partnership with the Environmental Grantmakers Association, Blue Sky Funders Forum, and Sustainable Agriculture and Food Systems Funders, is pleased to announce a four-part webinar series on using trust-based values to guide your philanthropy’s grantmaking practices, culture, structures, and leadership.
In the last year alone, Californians have experienced the impacts of multiple climate disasters including severe drought, extreme heatwaves, earthquakes, catastrophic wildfires, and now several back-to-back Atmospheric Rivers. Climate change will only continue amplifying the risk that Californians face from natural hazards. We can’t keep doing business as usual philanthropy to meet the scope of our current reality.
NCG recently announced a partnership with NCFP. Members can now have free access to NCFP's webinars and resources. You can learn more about it here.
NCG has launched a two-part event series in partnership with Mother Jones. Part 1 introduced funders to the role that nonprofit news outlets play in shaping a healthy democracy. Part 2 will follow-up with a deep dive into how historically marginalized communities are targeted with strategic disinformation campaigns and what local journalism can do to address it.
A recent report, Much Alarm, Less Action, from the Center for Effective Philanthropy found that both foundation and nonprofit leaders believe that climate change will negatively affect their work —no matter the issues they focus on. However, less than 2% of all giving went to building climate resilience. Continued climate inaction by the philanthropic sector, will undo existing efforts to address a multitude of societal challenges, particularly those around public health.