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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?
The American banking system is broken, and the evidence is unmistakable. From the recent failure of one of the largest banks in the U.S. to ongoing predatory products blanketing lower-income communities, it is clear that we are at an inflection point. Bank regulators currently fall into the familiar trap of trying to fix the symptoms such as banning certain products, minor regulatory modifications without fixing the root causes of structural inequities. This results in repeated crises usually requiring taxpayer-funded bailouts but no meaningful change of the system. We must find better opportunities to address staggering losses of wealth through failures in the banking system while also building new structures that support economic equity and help build and preserve more local community wealth.
CCJFG is creating a three-part podcast, Funding the Yes and we are proud to share the first episode with you! Funding the Yes asks the question: What does funding the yes look like within intersectional aspects of social and racial justice movements? Through conversations amongst funders and movement partners, we focus on strategies to fund building a more just future for our communities and ending systems of injustice. Each episode is co-created by CCJFG members and movement partners.
First, let’s get honest about the historical context we are operating in. Philanthropy exists as a result of capitalism and was formed through centuries of slavery, colonization, and displacement. The systems are designed to extract resources, privatize wealth, and centralize power and control of said resources. The systems are successfully doing exactly what they have been designed to do.
Learn more about the Advisory Group for the Bay Area Homelessness Funders Network here.
As foundations put the finishing touches on their 2024 grantmaking portfolios, nonprofit organizations at the forefront of the movement for social justice are also planning their 2024 strategies to build power, disrupt the status quo, transform narratives, and secure more equitable outcomes for their communities – but will they be funded to put those plans into action?
In this three-part series, California Criminal Justice Funders Group (CCJFG) funder-members will come together to discuss and identify funding strategies that support alternatives to the Prison Industrial Complex (PIC), including investing in community-led models that address lasting alternatives to punishment and imprisonment. We will learn about concrete funding strategies, hear from movement leaders, highlight CCJFG members’ work, and share practical strategies for supporting work that reimagines different models of community safety and justice.