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The Libra Foundation is a family foundation dedicated to funding grassroots justice movements led by and for marginalized communities of color. The Libra Foundation’s guiding principle is that those who are closest to the issues understand those issues best. Impacted communities are not only the most equipped to build solutions, they are the most effective at implementing those solutions. We fund frontline organizations led by and for Black, Indigenous, People of Color (BIPOC) transforming the criminal justice system and advancing environmental and climate justice and gender justice.
NCG Member Austin Truong shared their experience in a session center belonging at the 2023 Annual Conference. Hear their experience and how belonging impacts the future of philanthropy.
Miguel asks: “Why do y’all think so many foundations are unwilling to give out more than the minimum payout? How can we convince larger foundations to give more than what is legally required?”
In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.
With the 2024 election upon us, we see the Valley made more vulnerable in a democracy hanging by a thread for the very same people that make the Valley a dynamic place. To give visibility to the multiracial richness and need for active civic engagement, the James B. McClatchy Foundation is ensuring the Central Valley is seen by fortifying the pillars of local journalism and democracy, particularly as we immerse ourselves "all in" during this election year.
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.
Thank you, Marcus and Dwayne, and Cathy and Dimple, for your courageous leadership. And Dimple, thank you for inviting me into the conversation to answer "What exactly holds us back from making more dramatic transformations in our philanthropy?" I’m humbled to be a part of it. I propose that what holds us back from making more dramatic transformations in philanthropy are three beliefs that we inherit and internalize from white supremacist culture.