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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.
The Build Back Better Act has the potential to help the nation grow, as framed by the White House, “from the bottom and middle-out" by providing families with funding for childcare, expanding access to affordable housing, education, and health care, and enforcing tax laws on the extremely wealthy.
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. Foundations of Racial Equity is a space for guidance and fellowship on the path to racial justice. Wherever you are on your journey, we invite you to consider whether this entire series or individual sessions within it, will support you in making progress on your anti-racism journey.
APPLICATIONS CLOSE AUGUST 18TH, 2023.
Through Northern California Grantmakers’ Racial Equity Action Institute (REAI), participants will gain knowledge, lessons, and tools for developing actionable strategies in their institutions to advance racial equity with field experts and each other. One sector on its own cannot solve the challenges of racial inequities. Our cohort learning program connects specialists in racial equity from philanthropy, business, government, and nonprofits. By deepening our relationships and the connectivity of those in our ecosystem who are committed to change and justice, so much is possible.
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.
With more than 30 new state legislators taking office in Sacramento, a $25 billion budget shortfall projected by the Governor, and the looming threat of recession, 2023 presents significant changes and challenges for those of us in the charitable sector working to support vulnerable Californians throughout the state.
This introductory session to the Foundations of Racial Equity Series will offer two modules that explore the historical, cultural, and political roots of race and racism in the U.S. Over the course of these two modules, trainers will help participants understand the origins and applications of racial hierarchies, the four interconnected levels of racism - individual, interpersonal, institutional and structural - and how to begin recognizing and addressing structural racism in the philanthropic field, using practical applications. Our trainers will also help participants explore and understand intersectionality as a form of praxis that helps us to understand and collectively address the common threads between racism and other inequalities.