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NCG's Racial Equity Action Institute centers racial equity with an intersectional framework that recognizes the ways race is shaped and informed by class, gender, sexuality, and ability. Learn more about the annual cohort and how to apply here.
Slated for Tuesday, June 18, 2024 in Downtown Oakland at the Oakland Marriott City Center, this year's conference theme, Imagine & Act, resonates deeply with the current landscape of philanthropy.
Rising sea levels due to climate change have put people, the natural and built environment at severe
risk not only on the California coast, but throughout the state. Flooding affects housing and
transportation infrastructure and rising groundwater releases buried toxics, with disproportionately
impacting low-income communities of color bearing the greatest burden. The price tag to mitigate
these dangers to community and economic wellbeing are staggering, with over $110 Billion projected
for the Bay Area alone.
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.
The Bay Area Homelessness Funders Network provides philanthropy a space for strategic thinking and intersectional opportunities for collective action. Learn more about engaging with the network here.
In this second session of the Foundations of Racial Equity Series, we explore racial capitalism, which describes the current economic system of extracting social and economic value from people of color. Racial capitalism is based on the theft, exclusion and exploitation of the land, labor, and capital of people of color. Philanthropy—as a social, political, and economic strategy of society’s wealthiest people, mostly white men, and institutions that “do good” while moving wealth without tax exposure— upholds racial capitalism.
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.