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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.
It is a tremendous privilege to work with the philanthropic sector. Our member community is made up of 217 members and more than 3,500 individuals – just imagine the impact of the power, influence, and potential we can have.
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 Sobrato Philanthropies is championing English language learners in California.
We can only act on what we can imagine. As philanthropy is called to meet this moment, we need to expand our imagination. How do we not imagine philanthropy as it is, but what it could be at its best? Within philanthropy we need practices, tools, and ways of being that are in service to resourcing freedom and equity. As those mobilizing resources, we must stay steadfast in imagining and co-creating generative pathways to a more equitable future. At NCG's 2024 Annual Conference, we will offer space to conspire, imagine, and act on ushering in new possibilities.
The report findings illustrate the importance of centering the leadership of formerly-incarcerated people, as well as the need for well-designed fellowships, as an integral part of advancing the movements for social and criminal justice reform.
Check out Criminal Justice Funders Group resources for prison industrial complex abolition here.
Join Philanthropy California and The Investment Integration Project for an information session on the Systems Aware Investing Launchpad (SAIL).