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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.
The National Center for Family Philanthropy (NCFP) and Rockefeller Philanthropy Advisors (RPA) are pleased to announce a multi-session Learning and Action Cohort for family philanthropies and individual donors who are significantly scaling up their philanthropy. Once a foundation or other form of philanthropy reaches a certain size, more robust practices and approaches are required in order to maximize impact. This program will support and guide families and professional staff as they adopt the necessary organizational changes to support an influx of assets with peer learning, hands-on workshops, consultation, and expert guidance from others who have successfully maneuvered similar transitions.
We will explore the ABFE approach to grantmaking with a racial equity lens. ABFE's framework, analysis, and tools provide opportunities for grantmakers to support Black communities, and, more broadly, our greater society. ABFE has created a set of tools that reduce gaps in racial disparities facing Blacks in the United States. By centering systemic anti-Black racism within an intersectional framework through which we understand the social, economic, historical, and cultural dimensions of human life, we can conduct grantmaking practices that address inequities across communities.
This introductory session to the Foundations of Racial Equity Series will offer two modules that explore the historical, cultural, and political roots of race and racism in the U.S. Over the course of these two modules, trainers will help participants understand the origins and applications of racial hierarchies, the four interconnected levels of racism - individual, interpersonal, institutional and structural - and how to begin recognizing and addressing structural racism in the philanthropic field, using practical applications. Our trainers will also help participants explore and understand intersectionality as a form of praxis that helps us to understand and collectively address the common threads between racism and other inequalities.
Anti-Black racism and white supremacy are embedded in philanthropy and in our institutions, often invisible to the majority of us, even as we work with intention towards equity and justice. As change agents within philanthropy, we are stretching to become our best selves, rise to the moment, and progress toward racial equity. Foundations of Racial Equity is a space for guidance and fellowship on the path to racial justice. Wherever you are on your journey, we invite you to consider whether this entire series or individual sessions within it, will support you in making progress on your anti-racism journey.
The Tax Equity Funders Network, Northern California Grantmakers, the Asset Funders Network of the Bay Area, and the League of California Community Foundations are hosting a three-part virtual learning and discussion series for California funders on improving economic security, wealth-building opportunities, and equity for low-income Californians through the tax code. This series, sponsored by Blue Shield of California Foundation, is informed by our recent scan of the CA tax credit ecosystem, and responds to California charitable foundations’ interest in learning about and addressing the challenges faced by low-income Californians at tax time and the potential to use tax systems to improve equity.
California’s Central San Joaquin Valley is a vast region with 8 counties. It is home to rural, agricultural, poor and working-class communities of color and contains the majority of the state’s prisons. Despite its rich history of organizing and the undeniable impacts of the state’s investment in carceral infrastructure, the Central Valley is overlooked by philanthropy. This region receives the least amount of philanthropic resources for community organizing in the state.