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Investing in community-led real estate infrastructure is a powerful strategy that promotes the security of place, creates affordability, builds wealth, and supports Black and Brown leadership of community real estate development.
Philanthropy California (Philanthropy CA) is an initiative of Northern California Grantmakers (NCG), SoCal Grantmakers, and Catalyst of San Diego & Imperial Counties. Our combined membership represents more than 600 foundations, corporate funders, philanthropic individuals and families, giving circles, and government agencies investing billions every year to support communities across the state, the country, and worldwide. Learn more about our alliance.
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.
“We are the ones we have been waiting for” is true for almost everything we do in our fight for equity and justice here in the Bay Area and beyond. As we seek to dismantle some of the inequitable and short-sighted funding practices of philanthropy, the same sentiment is true. Many community leaders across Northern California have been calling for a system shift for decades. And now is the time to take action.
Thank you, Dwayne, Marcus, Cathy, Dimple and Ed, for your thoughtful and inspiring answers to questions that challenge our thinking! Ed, I appreciate the hand off, and the question: How do we bridge the gap that often exists between rhetoric and action within our institutions?
In partnership with AAPI for Civic Empowerment, OC Action and the Fresno Civic Engagement Table, AAF & Activate CA will host a two-part statewide briefing to provide funders with a roadmap heading into the 2024 election (and beyond) based on learnings and insights from Asian American and Pacific Islander community organizers that are at the forefront of mobilizing the AAPI electorate in California.
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.