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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.
Well, it didn’t take long for 2021 to remind us that the journey back from the edge of an abyss will not be a gentle one. Last Wednesday showed us we will need to advance racial equity to achieve a functioning democracy. And if democracy fails, we cannot sustain racial equity. The insurrection at the Capitol on January 6th undermines both.
Recently, Dwayne Marsh, CEO of Northern California Grantmakers, and I were reflecting on how many foundations in our memberships are looking to change direction and move toward racial equity. In an ice-bucket-style challenge, Dwayne posted his thoughts and then tagged me with the question, “How best does philanthropy choose courage in the face of the unprecedented complexity the moment offers?"
Thank you, Marcus and Dwayne, and Cathy and Dimple, for your courageous leadership. And Dimple, thank you for inviting me into the conversation to answer "What exactly holds us back from making more dramatic transformations in our philanthropy?" I’m humbled to be a part of it. I propose that what holds us back from making more dramatic transformations in philanthropy are three beliefs that we inherit and internalize from white supremacist culture.
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.
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.
Like many organizations, in addition to doing our day-to-day work, we spent 2021 planning for a much different future.