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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.
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.
For funders seeking to incorporate an equity lens throughout their work (and not just their grantmaking), there are many opportunities to shift internal operations towards more equitable and values-aligned practices. Yet while many families recognize the desire to make these shifts, they need further guidance around the specific decisions and considerations that will advance their philanthropy towards a more equitable future. In this webinar, learn strategies for how to operationalize an equity lens throughout your entire organization.
One of the things I love about being President of NCG is how powerfully I am reminded of the privilege and responsibility of the position. Leading the organization whose charge it is to strengthen philanthropic practice in Northern California has never had more meaning than it does today.
Imagine an East Oakland where Black children and families are not only surviving but flourishing. In this vibrant and inclusive community, every individual can reach their full potential and contribute to the greater good. RiseEast is a 10-year collective effort to make deep and lasting improvements in the well- being of Black children and families in East Oakland, with initiatives that are direct reflections of the hopes and needs of the people who live here.
A coalition of non-profit, philanthropic, business, and public sector partners are working to advance a regional bond that could unlock billions of dollars for the construction and preservation of affordable homes across 9 Bay Area counties at an unprecedented scale in the region.
NCG is excited to share that Victoria Rodarte (she/her) is joining the team as its first-ever Senior Democracy Fellow beginning March 27th. Victoria brings direct experience in mobilizing resources for a strong democracy, immigrant legal services, and interning for political campaigns