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What happens when a group of funders come together with the belief that the grant application process should be simpler and less burdensome for grant seekers?
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.
Racial equity, diversity, and inclusion (REDI) are increasingly important topics of discussion in institutions but where to begin and how to start operationalizing REDI can be overwhelming. Join this program if you are curious about how to implement REDI in your institution and want to learn how others engage in it from the business, government, nonprofit, and philanthropy sectors. You’ll hear from the alumni of Racial Equity Action Institute (REAI) and take away some tips, tools, and frameworks to help you and your institution make progress.
Every year, NCG hosts two conferences bringing together hundreds of members to learn, disrupt, and gather together.
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.
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.