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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.
The National Center for Family Philanthropy (NCFP) and Rockefeller Philanthropy Advisors (RPA) are pleased to announce a multi-session Learning and Action Cohort for family philanthropies and individual donors who are significantly scaling up their philanthropy. Once a foundation or other form of philanthropy reaches a certain size, more robust practices and approaches are required in order to maximize impact. This program will support and guide families and professional staff as they adopt the necessary organizational changes to support an influx of assets with peer learning, hands-on workshops, consultation, and expert guidance from others who have successfully maneuvered similar transitions.
The Asian Pacific Islander (API) community is gravely impacted by both the criminal justice and immigration systems, yet we don’t hear enough about the challenges and needs of this population. The API prisoner population grew by 250% in the 1990s and API individuals incarcerated in California received life sentences at double the rate of the overall state prison population.
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.
New organizations emerged in response to COVID-19, 2020’s racial reckoning, and to meet the rising needs and service gaps in communities. Many of these organizations are led by BIPOC leaders, have small budgets, small teams, and are often fiscally sponsored. What do these emerging organizations need for long term sustainability? How can funders support these organizations?
California’s Central San Joaquin Valley is a vast region with 8 counties. It is home to rural, agricultural, poor and working-class communities of color and contains the majority of the state’s prisons. Despite its rich history of organizing and the undeniable impacts of the state’s investment in carceral infrastructure, the Central Valley is overlooked by philanthropy. This region receives the least amount of philanthropic resources for community organizing in the state.
This sixth and final session of the Foundations of Racial Equity series explores Equity in the Center's “Awake to Woke to Work: Building a Race Equity Culture” publication and framework. Equity in the Center’s research is designed to support leaders as they build and expand their organization’s capacity to advance race equity and transform their culture. In these modules, we’ll engage in a critical conversation on the cases, tactics, and tools that will drive action to combat structural racism in the philanthropic and nonprofit sector.