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Together with Philanthropy California (a statewide alliance of Northern California Grantmakers, SoCal Grantmakers, and Catalyst of San Diego & Imperial Counties), we’re championing a sustainable nonprofit sector by supporting the California Nonprofit Equity Initiative. This package of state bills will support and strengthen the larger nonprofit ecosystem. We’re proud to support this package of bills. Philanthropy has a critical responsibility to advocate for their individual grantees and the larger nonprofit ecosystem. We encourage you to learn more below and use your voice to bring more fairness and equity to government grant-making processes.
The places we call home, their streets, smells, sounds, and sights, shape our opportunity for a fair shot at a long and healthy life. I grew up in the shadows of greatness, in the city of pride and purpose, Richmond, California. During WWII, it was a busy port between San Francisco and Sacramento, home to the Kaiser shipyards.
Last week we celebrated Black futures and explored how we achieve a multiracial democracy that centers Black people. Northern California Grantmakers (NCG) and California Black Freedom Fund (CBFF) have been scheming to bring something to philanthropy for a while. More than 200 folks joined us to have some challenging conversations about the legacy of systemic racism, how it impacts today, and how we turn the corner and build a democracy that serves us all.
Why does philanthropy change its focus and strategy so often, and on time frames that are unrealistic for minor victories let alone systemic change?
I’ll be honest: I’ve been putting off answering your question “How do foundation leaders stay clear-eyed in this moment?” As I sit to write, our Northern California skies are hazy with wildfire smoke. It strikes me as a metaphor for this moment, 19 months into COVID, when our visions of a post-pandemic future are shifting yet again. I definitely don’t feel clear-eyed.
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.
Thank you, Dwayne, Marcus, Cathy, Dimple and Ed, for your thoughtful and inspiring answers to questions that challenge our thinking! Ed, I appreciate the hand off, and the question: How do we bridge the gap that often exists between rhetoric and action within our institutions?