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This is not the New Year’s message I was hoping to write. There was a moment this fall when things started feeling like they might just fall into place. We saw progress on the pandemic, and it felt like 2022 might herald a fresh beginning. But reality intervened, as it tends to do.
I’ll confess – the other day it was a bit hard to get out of bed and start the day. It was the middle of the week, a pile of Zoom meetings awaited, and the covers felt especially fresh and comfy.
Recently, Northern California Grantmakers and philanthropic research and strategy firm Open Impact released Get it Right: 5 Shifts Philanthropy Must Make Towards an Equitable Region, a report funded by the David and Lucile Packard Foundation. The report outlines what we need from decision-makers in philanthropy – board members, trustees, high net worth individuals, CEOs, and executive directors –to listen to communities, catch up to the moment, and align grantmaking support.
This month, NCG's Collaborative Philanthropy Coordinator, Krystle Chipman, sat down with the Loan Underwriter of the Arts Loan Fund and Principal of Padma Consulting, Margaret Southerland. Margaret shared why she believes the Arts Loan Fund (ALF) can be a game changer for arts nonprofits in the region.
NCG's public policy work has had some extra support this summer. We welcomed Arnold Dimas (he/him) a second-year Master of Public Health student at UCLA, to the team as a policy intern.
Grantmaker Memberships are organization-wide: your entire staff and board receive member privileges. Membership is for one calendar year. You may arrange to pay on a different fiscal year schedule.
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.