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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.
When a company’s brand is trusted, consumers are more likely to prove loyalty with purchases and advocacy. This earned trust and loyalty not only means more business, it also leaves room for forgiveness when a mistake it made. According to the 2024 Edelman Trust Barometer, Business as a sector is trusted more than philanthropy and nonprofits, government, or media. Then why does it feel like companies constantly need to thread the needle with no room for error? How can we grow our impact as a sector to support an equitable future?
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 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.
In the November election, we can advance statewide policy in California that is truly transformative for our communities. The scale of the housing crisis we're facing means our efforts need more scale, and local voters need more power to address the affordable housing and public infrastructure needs in their communities. Proposition 5 empowers local voters to approve bonds for affordable housing, critical public infrastructure, and emergency response in our communities with a 55% vote – if those bonds have strict accountability and oversight.
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.
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.