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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.
All children deserve to have access to a quality education. They deserve to feel safe and supported in a place that exists to prepare them for their futures. Yet, for Black youth and other youth of color, this is far from the reality. Every day, Black children and other youth of color, some as young as six are being pushed out of classrooms and schools because of deep racial profiling. Across the country, Black high school students are twice as likely to be suspended as white students. In Oakland, while Black youth made up 26 percent of the Oakland Unified School District’s enrollment, they represented 73 percent of arrests. This vicious cycle continues to fuel pathways to prison and confinement, where Black youth are consistently over-represented, which creates additional barriers for our young people to realize and achieve their full potential.
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.
For many philanthropic donors, examining the intersection of social impact and racial diversity of the organizations they fund has become important, particularly to ensure organizations reflect the communities they aim to serve. Unfortunately, efforts to collect this data have resulted in a dizzying array of requests, with different questions and categories, that only increases demands on already overburdened nonprofits. This data is often squirreled away in individual funder silos and not widely accessible, standardized or shared, hindering the sector’s ability to gain a clear understanding of the broader landscape.
In the kickoff of out Mic Drop Series, hear from Aria Florant on philanthropy's role in reparations.
In June & July, NCG and the UC Merced Community & Labor Center brought funders,
government, and leading community, work, and labor organizations dedicated to serving
farmworkers and rural communities across California together – both virtually and in the San
Joaquin Valley. These events cast a spotlight on the social and economic impacts of the 2023
floods, while also examining the persistent inequities that rural and farmworker communities
experience.
COVID-19 had housing advocates worried. The underlying causes of homelessness – structural racism, income inequality, and lack of affordable housing – were exacerbated by the pandemic and were going to add to the problem.