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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.
Many voices in philanthropy are speaking up, some for the first time, about the protests, the killings, and the structural racism behind them. We welcome all-comers and stand in our belief in Black, Indigenous, and communities of color as defenders of democratic ideals. We too are grieving and angry; structural and anti-Black racism are root causes of wealth, health, employment, and education disparities. The enforcement of racist policies is putting Black and Brown lives at the mercy of the pandemic and police brutality’s deadly toll.
A recent report, Much Alarm, Less Action, from the Center for Effective Philanthropy found that both foundation and nonprofit leaders believe that climate change will negatively affect their work —no matter the issues they focus on. However, less than 2% of all giving went to building climate resilience. Continued climate inaction by the philanthropic sector, will undo existing efforts to address a multitude of societal challenges, particularly those around public health.
Join the California Criminal Justice Funders Group for our first membership meeting of 2025. We know that Trump’s presidency and California’s return to tough-on-crime policies will have devastating impacts on our movements and communities throughout the country and state.
Philanthropy California, Environmental Grantmakers Association, and Smart Growth California organized the Grounded Action: Grassroots Movements and Climate Justice dialogue series in partnership with the CLIMA Fund in April 2021. This two-part series aimed to unpack different forms of grassroots climate action and hear from funders and movement leaders on how to support climate movements. The authors had the opportunity to share their experiences in the second dialogue of the series and get into the nitty-gritty of funding grassroots movements.
Funding and supporting nonprofit resilience is a key component in sustaining our nonprofit ecosystem. How can lean funders magnify their capacity building work to strengthen their nonprofit partners?
In the November election, we can advance statewide policy in California that is truly transformative for our communities. The scale of the housing crisis we're facing means our efforts need more scale, and local voters need more power to address the affordable housing and public infrastructure needs in their communities. Proposition 5 empowers local voters to approve bonds for affordable housing, critical public infrastructure, and emergency response in our communities with a 55% vote – if those bonds have strict accountability and oversight.