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Communities across the country – especially those continuing to struggle with economic and health impacts from the pandemic – are hoping to access part of the billions of dollars in economic recovery dollars deployed to support economic recovery. However, it is groups disproportionately impacted by the pandemic, including rural, historically underserved, and BIPOC communities, that need to secure the funding that will have a generational impact on community climate resilience, public health, and other crucial systems.
Investing in youth to successfully navigate their recovery from the harms of COVID-19 is a key principle of NCG’s Equitable Recovery Framework. This summer, Northern California Grantmakers began supporting the work of the Generational Recovery Fund (GRF), a pooled fund dedicated to the recovery of Bay Area youth, with a focus on supporting Black, Indigenous, and People of Color youth.
This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
I’ll be honest: I’ve been putting off answering your question “How do foundation leaders stay clear-eyed in this moment?” As I sit to write, our Northern California skies are hazy with wildfire smoke. It strikes me as a metaphor for this moment, 19 months into COVID, when our visions of a post-pandemic future are shifting yet again. I definitely don’t feel clear-eyed.
Young people are fired up! They see injustices in their communities and existential threats to their futures - a severe housing and homelessness crisis, inflation and stagnant wages, democracy under threat and a loss of rights, and extreme climate impacts - all of which are felt disproportionately by Black, Indigenous, Latinx and other people of color communities.
How can corporate philanthropy be responsive to the demands of this moment? It's a question rooted in the very nature of a capitalist economic system, where corporations focus on maximizing returns exacerbates inequities. Into that mix, corporate foundations and champions of social responsibility mobilize their companies’ resources and talent to restore community balance and advance social good.
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.