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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.
Launched in 2019, the Youth Power Fund is a network of foundations and individual donors committed to creating more equitable, just, and effective social, economic, and political systems in the Greater San Francisco Bay Area.
In Get It Right: 5 Shifts Philanthropy Must Make Toward an Equitable Region, we've highlighted 5 case studies from regional leaders who are already doing this work. Read about how the Libra Foundation, Tipping Point, Latino Community Foundation, San Francisco Foundation, Community Foundation of Santa Cruz County, and Silicon Valley Community Foundation are creating donor collaboratives to leverage more capital.
I connected with Tanir Ami, CEO of the CARESTAR Foundation, and Michael Heil, Board Chair, during the final week of NCG’s learning series Unconscious Whiteness for Board Members & Trustees, where a cohort of 15 white-identifying board members and trustees came together to learn. We discussed their motivation for participating, the challenges and opportunities CARESTAR has encountered in attempting to center racial equity, and what’s next in manifesting their commitment. The conversation has been edited for brevity.
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.
In Get It Right: 5 Shifts Philanthropy Must Make Toward an Equitable Region, we've highlighted 5 case studies from regional leaders who are already doing this work. Read about how the Akonadi Foundation is building Black movements.
It is with bittersweet emotions and heartfelt support that NCG wishes farewell to NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, as she closes this chapter and begins a new one.