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First, let’s get honest about the historical context we are operating in. Philanthropy exists as a result of capitalism and was formed through centuries of slavery, colonization, and displacement. The systems are designed to extract resources, privatize wealth, and centralize power and control of said resources. The systems are successfully doing exactly what they have been designed to do.
NCG's Racial Equity Action Institute centers racial equity with an intersectional framework that recognizes the ways race is shaped and informed by class, gender, sexuality, and ability. Learn more about the annual cohort and how to apply here.
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.
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.
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.