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This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
What does 2022 have in store for public policy in California?
As we enter the third year of the COVID pandemic, relief and stimulus funds continue to flow from state and federal coffers. New redistricting lines are reshaping legislatures as lawmakers introduce bills that will impact the social sector.
The COVID-19 vaccine will help keep communities healthy and safe and holds promise to bring an end to the pandemic that has had the most severe impacts on Black, Latinx, Indigenous, AAPI, immigrant, and low-income people. Systemic racism created the conditions that put people of color at greater risk of contracting COVID-19 and experiencing more severe health outcomes, and despite this urgency, California’s vaccination effort so far has fallen short of equity goals. We must reach and authentically engage local communities to remove barriers to access and address concerns to increase vaccine acceptance.
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.
NCG has adopted the following health and safety protocols and reserves the right to implement additional measures to support a successful gathering and safeguard the health and safety of all individuals.
In a year of memorable moments, I keep coming back to a conversation I had with my cousin Harold that is shaping my entry into 2021. Harold lives in Chicago and is an ardent student of history, particularly in the pursuit of racial justice. His observations often help me refine my own thinking.
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.