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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.
In partnership with AAPI for Civic Empowerment, OC Action and the Fresno Civic Engagement Table, AAF & Activate CA will host a two-part statewide briefing to provide funders with a roadmap heading into the 2024 election (and beyond) based on learnings and insights from Asian American and Pacific Islander community organizers that are at the forefront of mobilizing the AAPI electorate in California.
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.
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.