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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.
This introductory session to the Foundations of Racial Equity Series will offer two modules that explore the historical, cultural, and political roots of race and racism in the U.S. Over the course of these two modules, trainers will help participants understand the origins and applications of racial hierarchies, the four interconnected levels of racism - individual, interpersonal, institutional and structural - and how to begin recognizing and addressing structural racism in the philanthropic field, using practical applications. Our trainers will also help participants explore and understand intersectionality as a form of praxis that helps us to understand and collectively address the common threads between racism and other inequalities.
The California Criminal Justice Funders Group is thrilled to welcome our newest Steering Committee member: Fela Thomas, Senior Program Manager (People Pathway) with San Francisco Foundation (SFF). We have valued Fela’s active participation as a CCJFG member over the past couple of years and are excited to strengthen our collaboration with Fela as a Steering Committee member. Learn more about Fela below!
NCG is pleased to announce the membership team is growing! Sarah Evers (they/them) joins as the new Member Engagement Coordinator supporting all things membership for the NCG community. Sarah has a background in both nonprofit and philanthropic sectors and worked most recently at Tides helping with Salesforce operations and improving processes.
Since its founding, Akonadi Foundation has focused on supporting power building and organizing to advance racial justice in Oakland and around the state. In 2000, a year after Akonadi Foundation was launched, California voters approved Proposition 21, which targeted young people of color. Under Prop. 21, many 14-year-olds could be tried as adults rather than in juvenile court, and 16-year olds could be incarcerated in adult prisons. At Akonadi Foundation, we were inspired by the activism and efforts of youth advocates and youth-led groups against this racist ballot measure.
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.
The San Francisco Foundation (SFF) is committed to ensuring that all people in the Bay Area are economically secure, rooted in vibrant communities and civically engaged. We envision a Bay Area where everyone is able to make ends meet and plan for their future, where culture and difference are celebrated, and where they are able to lift their voices to shape community policies that meet their needs and interests.