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In Get It Right: 5 Shifts Philanthropy Must Make Toward an Equitable Region, we've highlighted 5 case studies from regional leaders who are already doing this work. Read about how The Castellano Family Foundation is making a blueprint for change.
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 idea of guaranteed income has a long history but its modern, progressive origins in the U.S. are rooted in the racial and gender justice movements of the 1960s. Guaranteed income (GI) is a cash payment provided on a regular basis to members of a community with no strings attached and no work requirements.
I grew up in a semi-segregated Richmond, Virginia at a time that its heritage as a part of the South was very strong. Realizing the aspirations of those who came before us and the promise of democratic freedoms is my life's work. In a three-decade career spanning nonprofit, government, and philanthropic service, I have never once felt lost for purpose. My life's experience, the gift of a legacy of public service of my family and mentors, and my determination to forge a future that remedies past injustices drive every decision I face.
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.
Mission Investors Exchange (MIE), in partnership with National Center for Family Philanthropy, Northern California Grantmakers, and SoCal Grantmakers, is pleased to offer its signature introductory learning program. Through both virtual sessions and a two-day experience at The California Endowment in Los Angeles, California, our Institute helps philanthropy professionals get started in impact investing or advance their practice. Participants learn from leading impact investing professionals, network with industry peers, and apply learnings with fellow philanthropy and finance professionals.