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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.
Summary
Since the start of the pandemic, we have observed several transitions among foundation CEOs. These transitions have come about in a number of different ways. A significant number of CEOs retired from their positions (and a few have been dragged back into the fold). Some transitions have occurred because of new (or renewed) foundation missions which necessitated changes in organizational structure. And others have come about due to the natural evolution of careers, interests, and opportunities. But whatever the case, understanding what these transitions are like for the leaders— current and former—is instructive to both the field and the larger community.
Are you struggling to understand your role as a white person in philanthropic spaces centering racial equity? If you are a foundation or philanthropic-client serving staff member, board member or trustee, or a consultant who works with staff and board members of philanthropic entities, join peers in a five-session cohort learning experience to deepen your understanding of how white supremacy manifests in philanthropic organizations and systems.
No matter where you start, success in life starts at home for all ages and all people. When we have safe, secure places to live – whether you rent or own – parents earn more, kids learn better, health and well-being improve, and our communities are strengthened. To build this future, we need to bring the Bay Area’s capacity for innovation and problem-solving to the challenge of preserving our pre-existing affordable housing. The constant loss of affordable units to the speculative market is accelerating the
displacement of working class and poor families - shedding our region of its diversity, vibrancy, and equity of opportunity.
No matter where you start, success in life starts at home for all ages and all people. When we have safe, secure places to live – whether you rent or own – parents earn more, kids learn better, health and well-being improve, and our communities are strengthened. To build this future, we need to bring the Bay Area’s capacity for innovation and problem-solving to the challenge of preserving our pre-existing affordable housing. The constant loss of affordable units to the speculative market is accelerating the
displacement of working class and poor families - shedding our region of its diversity, vibrancy, and equity of opportunity.