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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.
We are a network of funders learning together, incorporating a climate equity lens into current and additional grantmaking strategies, and taking action together.
This is a governance moment. We can master governing for all people by bringing a racial equity consciousness to every aspect of how government does business. We have an unprecedented opportunity to strengthen our democracy by fully activating our multiracial population and building a nation where everyone participates, prospers, and reaches their full potential.
Our team recently returned from a Summer refresh, where we pumped the brakes on the remarkable array of activities we are cooking up and allowed the team to recharge in anticipation of the second half of the year. It’s part of our commitment to centering wellness in racial equity, and while time off alone can’t address all the challenges facing workers in these existential times, it’s a good start.
Even before a global pandemic, that was the question we kept asking ourselves. Children are thrown into cages. Anti-immigrant rhetoric. A threat to render our immigrant communities invisible through a citizenship question on the census. Mass shootings from Buffalo, NY to Uvalde, TX.
Through our work, we envision California communities that are protected from the impacts of natural hazards; have equitable access to financial, relational, and political resources so they can mitigate, adapt to, prepare for, respond to, and recover from hazard events; and benefit socioeconomically from a just transition.
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.