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This month, President and CEO Dwayne S. Marsh has officially taken the reins from Steve Barton and Phuong Quach, senior staff who’ve served as NCG’s interim leaders for the past six months. The three took turns answering questions about the moment in which we find ourselves and the possibilities ahead. As the interview was drawing to a close, Dwayne paused to check if we were going to address race explicitly. And so, signaling the new future into which we are stepping, we did.
This panel will explore the nuances of what it takes to truly transform government practices to address institutional and structural racism, strengthen democracy, and advance racial equity.
If we have learned anything about effective community-based response to the health and economic consequences from the COVID-19 pandemic, it is that coordination between governments, nonprofits, and faith-based organizations is critical to addressing the needs of people with the fewest resources who bear the greatest impact of the pandemic.
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.
Anti-Black racism and white supremacy are embedded in philanthropy and in our institutions, often invisible to the majority of us, even as we work with intention towards equity and justice. As change agents within philanthropy, we are stretching to become our best selves, rise to the moment, and progress toward racial equity.
We can only act on what we can imagine. As philanthropy is called to meet this moment, we need to expand our imagination. How do we not imagine philanthropy as it is, but what it could be at its best? Within philanthropy we need practices, tools, and ways of being that are in service to resourcing freedom and equity. As those mobilizing resources, we must stay steadfast in imagining and co-creating generative pathways to a more equitable future. At NCG's 2024 Annual Conference, we will offer space to conspire, imagine, and act on ushering in new possibilities.
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.