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Investing in community-led real estate infrastructure is a powerful strategy that promotes the security of place, creates affordability, builds wealth, and supports Black and Brown leadership of community real estate development.
Join Philanthropy California to discuss the use of guarantees in impact investing and learn more about the Community Investment Guarantee Pool (CIGP).
Our delegation had wrapped up a full day of meetings with congressional and agency staffers where we elevated some of the most pressing issues facing our state: housing and economic security, climate and disaster resiliency, nonprofit resiliency, and democracy and civic engagement.
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.
This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
Three weeks ago, the two of us stepped into our new roles as acting Co-CEOs of Northern California Grantmakers. That was the same day the world learned we would need vigorous hand-washing and distance to protect each other and everyone in our community from a new rapidly spreading virus. A most unusual start in our roles. But, then again, these are most unusual times.
Well, it didn’t take long for 2021 to remind us that the journey back from the edge of an abyss will not be a gentle one. Last Wednesday showed us we will need to advance racial equity to achieve a functioning democracy. And if democracy fails, we cannot sustain racial equity. The insurrection at the Capitol on January 6th undermines both.