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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.
And as we celebrate Juneteenth on June 19, we know that autonomy and sovereignty are essential to building Black power.
I connected with Tanir Ami, CEO of the CARESTAR Foundation, and Michael Heil, Board Chair, during the final week of NCG’s learning series Unconscious Whiteness for Board Members & Trustees, where a cohort of 15 white-identifying board members and trustees came together to learn. We discussed their motivation for participating, the challenges and opportunities CARESTAR has encountered in attempting to center racial equity, and what’s next in manifesting their commitment. The conversation has been edited for brevity.
In the aftermath of the study and catastrophic flooding following 13 consecutive atmospheric rivers across the San Joaquin Valley, an idea and partnership emerged. Read more below to hear about what worked, what didn’t, and where progress and investments are shifting in the Valley.
Grantmaker Memberships are organization-wide: your entire staff and board receive member privileges. Membership is for one calendar year. You may arrange to pay on a different fiscal year schedule.
NCG's New Grantmakers Institute helps build your understanding of best practices for ethical and effective grantmaking and helps you find your place in the sector’s ecosystem you are now a part of. Learn more here.
Since 2020, many funders have embraced new ways of interacting with their nonprofit partners and grappled with how to shift the grantmaking power imbalance. Reporting is no exception. Funders have started to deeply consider grantee partners' work when reporting on their efforts in relationship with the grant dollars they receive.