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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.
Northern California Grantmakers is an association of great people doing great work. Northern California Grantmakers welcomes people across the field of philanthropy into our community of doers, learners, activists, and changemakers eager to make a difference
Well, it didn’t take long for 2021 to remind us that the journey back from the edge of an abyss will not be a gentle one. Last Wednesday showed us we will need to advance racial equity to achieve a functioning democracy. And if democracy fails, we cannot sustain racial equity. The insurrection at the Capitol on January 6th undermines both.
According to the Center for Disaster Philanthropy, philanthropy invests most of its dollars immediately following a disaster, when media attention is at its peak. However, less than 10% of our philanthropic dollars go toward reducing hazard risk and preparing our communities for disasters.
NCG's longest-running fund, the Arts Loan Fund (ALF) is welcoming two new Co-Chairs! NCG's own Viridiana (Viry) Romero chatted with Ron Muriera and Denise Pate to talk about what's in store for the ALF, why it's unique, and how they are sharing power to support communities.
A virtual convening featuring Governor Gavin Newsom in conversation with state water leaders.
Popping up near bus stops, train stations, and other strategically placed locations within a driver’s line of vision are giant billboards in crisp black and white, proclaiming: Abortion is and will remain legal in California. Overlaid on the message in a puffy, golden font reads a closing reassurance: We got you!