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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.
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Anti-Black racism and white supremacy are embedded in philanthropy and in our institutions, often invisible to the majority of us, even as we work with intention towards equity and justice. As change agents within philanthropy, we are stretching to become our best selves, rise to the moment, and progress toward racial equity.
Dear CCJFG Member, We hope that you are wrapping up this year and preparing for a joyful and restorative holiday. As 2022 ends, it is important to reflect on the challenges and opportunities the year presented. This year the movement to end mass criminalization and mass incarceration faced serious backlash by way of fear mongering in the media and consequently, threats to the safety and security of grassroots leaders.
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.
Alice shared that in their NCG tenure, they are most proud of developing and implementing Racial Equity Action Institute (REAI), a multi-sector cohort program for leaders interested in operationalizing racial equity in business, government, nonprofit and philanthropic sectors. Because of their visionary leadership, we created a network of 100+ leaders who are working to move racial equity from theory to practice in their specific sectors.