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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.
In 2020, we witnessed philanthropy make major commitments and promises to resource Black-led organizations and movements as part of a renewed reckoning with racial justice after the murders of George Floyd, Breonna Taylor, and countless other Black lives. Historically, Black-led power-building efforts have been at the forefront of transformative change but have been consistently underfunded and under-resourced. The sudden surge in resources allocated to Black-led nonprofits and power-building organizations over the last four years highlights the urgent need to invest in the leadership and visionary ideas for dismantling systemic racism and advancing an inclusive, multiracial democracy. Now, the question remains whether the investments so far are truly sufficient to provide long-term support for Black power-building organizations and their vital work.
The lunar new year of the tiger began on February 1, so it's still a new year which means we have an opportunity for a fresh start. Leaders and staff in organizations from different sectors use the phrase “racial equity” or “diversity, equity, and inclusion” and talk about it but sometimes there is a disconnect between talking and acting on what it means to operationalize racial equity.
The Asian Pacific Islander (API) community is gravely impacted by both the criminal justice and immigration systems, yet we don’t hear enough about the challenges and needs of this population. The API prisoner population grew by 250% in the 1990s and API individuals incarcerated in California received life sentences at double the rate of the overall state prison population.
The Transgender, Gender Variant, Intersex Justice Project (TGIJP) is a local, state, and national leader in providing networking, leadership development and organizing for Black Trans grassroots leaders and organizations while working to build strategies against the epidemic of violence facing Black Trans folks. We continue to do historic work as a group of transgender, gender variant, and intersex people (TGI)–inside and outside of prisons, jails, and detention centers–creating a united family in the struggle for survival and freedom.
While grantmaking is often the main tool funders think about in terms of impact, there are many other innovative ways to use your time, relationships, and resources to support your nonprofit partners and the communities you serve. Funders can leverage their established platform to spread the word about needed support and convene important partners, or can provide additional capacity to organizations beyond the check. Some look internally, and implement impact investing with the other 95% of their assets. And others support advocacy initiatives outside of their established grantmaking to shift the laws and policies that affect their work. This webinar will highlight different methods for providing support beyond grantmaking, and how to think through what can work for your philanthropy.
The California Criminal Justice Funders Group Steering Committee is comprised of powerful and dynamic representatives from various local and statewide foundations and philanthropic institutions. Learn more about the new Committee members, Iris Garcia of Akonadi Foundation and maisha quint of Libra Foundation below.