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Join Philanthropy California to discuss the use of guarantees in impact investing and learn more about the Community Investment Guarantee Pool (CIGP).
Philanthropy is full of paradoxes that hold us back. As we enter 2024, one of the most troubling philanthropic paradoxes is emerging across the field. Foundations tend to retreat when they are needed the most. Why? Because foundations are taught to value perpetuity above our collective humanity.
November’s presidential election results will have pulled the United States back from the brink of authoritarianism. After we’ve taken a moment to celebrate our achievement and rejuvenate, there comes the challenge of plotting a course forward. Because there’s no going back to some imagined normalcy. Many consequences of Trump’s presidency – cult of strongman personality, capture and erosion of the courts and other democratic institutions, normalization of misogyny and white nationalism, consolidation of Christian Right power, mobilization of vigilantes, enrichment of oligarchs, rise of a media disinformation infrastructure – will not be so easily undone.
We have been working hard for the past year to create a website that reflects our current evolution. You'll find that we've updated our brand—and it's not just about changing logos or colors. We've taken a deeper look at how we communicate our values through our new design and our refreshed mission and vision statement. Our new site provides better accessibility and is more user-friendly. We hope this website makes your experience with NCG even better than it was before.
NCG recently announced a partnership with NCFP. Members can now have free access to NCFP's webinars and resources. You can learn more about it here.
How can corporate philanthropy be responsive to the demands of this moment? It's a question rooted in the very nature of a capitalist economic system, where corporations focus on maximizing returns exacerbates inequities. Into that mix, corporate foundations and champions of social responsibility mobilize their companies’ resources and talent to restore community balance and advance social good.
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.