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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.
Philanthropy brings a special appetite for innovation and has the capacity for greater risk-taking – and those stances are needed at this moment to preserve affordable housing. When affordable housing is destroyed – through neglect and disinvestment, demolition, increased rents - people lose their homes, neighborhoods lose community, and the region becomes a more congested and less interesting place.
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.
Check out Criminal Justice Funders Group resources for prison industrial complex abolition here.
Achieving racial equity and sustaining a viable democracy go hand in hand. NCG defines democracy as the processes, systems, and structures for historically marginalized and underrepresented community members to participate in a political system that fulfills the promise of an equitable multi-racial society. Northern California is a region that can model this approach, ensuring that people of color and other communities historically underrepresented and marginalized in our political process fully engage in the democratic process.
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.
Achieving racial equity and sustaining a viable democracy go hand in hand. NCG defines democracy as the processes, systems, and structures for historically marginalized and underrepresented community members to participate in a political system that fulfills the promise of an equitable multi-racial society. Northern California is a region that can model this approach, ensuring that people of color and other communities historically underrepresented and marginalized in our political process fully engage in the democratic process.