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Often times foundations and grantmakers can easily articulate resonant, relevant values, but just as often cannot easily identify those values within their financial due diligence practices. This session will open a conversation highlighting the choice points foundations have for building an approach to assessing a grantee’s financial sustainability that is increasingly values-aligned and can improve conversations between grantmakers and grantees and strengthen relationships
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.
Thanks, Marcus and Dwayne, for your inspiring words and your leadership. As good discussions go, you’ve both got me thinking. And thanks to Marcus for tagging me and inviting me to jump into the conversation. Marcus’s “meet the moment” question for me is a good one: How does philanthropy need to work differently in these complex and turbulent times?
NCG's Sarah Frankfurth chatted with Pui Ling Tam and Chrissy Sa about the Fund and lessons learned. tam Pui Ling Tam led the initial funder organizing to launch the Generational Recovery Fund, and Chrissy Sa and Pui Ling Tam served as Advisory Group Members throughout the life of the Fund. Watch and read more about the experience of leaders and youth participants from the fund below.
What happens when a group of funders come together with the belief that the grant application process should be simpler and less burdensome for grant seekers?
The Bay Area Housing for All regional bond will unlock $10 – 20 billion dollars to build and preserve more than 72,000 affordable homes across 9 Bay Area counties, meeting the urgency and scale of our housing crisis. Over the past few months, the Bay Area Housing Finance Authority (BAHFA) and Association of Bay Area Governments have been holding pivotal public meetings to hear from organizations and community members and inform the bond’s expenditure plans. BAHFA will meet
again on June 26th for their final vote to approve plans and determine whether to place the housing measure on the November 2024 ballot.
In June & July, NCG and the UC Merced Community & Labor Center brought funders,
government, and leading community, work, and labor organizations dedicated to serving
farmworkers and rural communities across California together – both virtually and in the San
Joaquin Valley. These events cast a spotlight on the social and economic impacts of the 2023
floods, while also examining the persistent inequities that rural and farmworker communities
experience.