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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.
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.
This third session of the Foundations of Racial Equity Series focuses on the importance of healing justice as a strategy, framework, and way of being within philanthropic institutions. The session will focus on internal organizational practices and external opportunities for philanthropy to resource healing justice strategies.
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.
This is a pivotal moment in protecting and strengthening the fabric of American democracy. While we are still grappling with the destabilizing efforts to overturn the results of the 2020 election, we are watching the threat to democracy growing as state legislators in multiple states are pushing for new voting barriers that target Black and brown people, working-class folks, young people, and immigrants.
Join us as for our annual Corporate Philanthropy Summit July 27, with an impactful and inspiring program, networking, and important connections made between for-profit and non-profit philanthropy leaders sharing ideas, trends, best practices, partnerships, and opportunities to work together in the business of doing good for our community.
There is a range of vehicles available to engage the whole family in philanthropy—each vehicle is a tool in your philanthropy toolbox that allows you to reach individual or collective goals through different approaches. Giving families are increasingly using a variety of vehicles in concert with one another to advance their social impact strategies. A single philanthropic family could use a donor-advised fund for their youth philanthropy programs, a family foundation for collective grantmaking, and pilot a 501(c)(4) with their next generation family members who are interested in advocacy work. In this webinar, understand the different motivations for using multiple vehicles, how to connect the purpose behind your giving to your vehicle structures, their pros and cons, and how to create the most useful structure for your philanthropic goals.