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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.
In 2019 Stockton SEED was the first ever Mayoral led city-wide guaranteed income pilot in the country, eventually leading to the creation of Mayor’s for Guaranteed Income (MGI). Now numbering over 100+ cities around the country, MGI helped catalyze the newly formed Counties for Guaranteed Income (CGI), which will work at the county level across the country to ensure that all Americans have an income floor.
Join Funders for LGBTQ Issues to learn more about the far right’s attack against transgender and gender non-conforming (TGNC) communities across the country. This webinar is geared towards national and state funders, and will offer an overview of national and regional efforts to counter these attacks and protect our TGNC community members.
It may seem the Census and Redistricting cycles have long concluded, but we continue to learn about details, impacts, and overall experience across the state. Various reports have lifted key findings and recommendations for all sectors to consider. Now more than ever, we must reflect on both cycles to build on the strategies and work of funders and nonprofit leaders. Equally imperative, we must incorporate recommendations and voices from our trusted partners to ensure fair representation for all Californians in future cycles.
At this year’s Corporate Philanthropy Institute, we’ll explore what it means to create a new pathway and build new standards. We’ll highlight the pressures (both external and internal), offer context under which we’re doing our work today, share replicable strategies, provide tools for you to take back home to your company, and most importantly, offer space to be with others in the field wrestling with and seeking answers.
Events From The Field
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.