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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.
My partner and I recently engaged in the annual ritual that is paying U.S. income tax. Gather your documents, fill in the forms, look for deductions that never seem to be there, watch what you really make become clear…as we approached the finish line, I wondered – how can I reframe the act of paying taxes? Then I harkened to a recent moment where paying a tax had a completely different feel, one that not only felt necessary but made a small yet substantive step toward advancing racial equity. I refer of course to NCG’s participation in paying our region’s Indigenous land and honor taxes. We began that commitment as an organization in 2022 and trust me, it’s been both vital and fulfilling.
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.
Working in racial equity and social justice in the philanthropic sector is challenging because the “personal is political,” and there often feels like no break from our 9-5 roles. We don’t get to take off our skin or the grief we feel in our bodies from the years of oppression of racism that our people have endured.
When we ask our grantees what they want for themselves, their families, and their communities, they often say one word: safety. That is why – during a time when the national conversation on solutions to harm is embroiled in heated debate – our guiding star continues to be organizing towards interventions that center safety outside of the carceral punishment system.
The IRS Form 990 is a complex, comprehensive document — and a useful tool for confirming an organization is meeting its not-for-profit requirements. It can also provide insight into important opportunities and help reveal information related to your organization’s financial health.
During our Annual Conference, NCG's President and CEO Dwayne S. Marsh shared a very personal story, one that helped shape who he is today. To celebrate Dwayne at the helm for just over a year now, Richard spoke with him to dive into the story. Read through the conversation to hear more about why Dwayne centers racial equity, what the past year has meant to him, his hopes for the NCG community, and what he needs from you to get us there.