On June 10th, an authoritative voice leading the resistance and challenging both the left and right, Joy-Ann Reid, will receive the George Curry Drum Major for Justice Award for Excellence in Journalism.
The award ceremony, Say Her Name: 20 Years of Intersectionality in Action, will be hosted by Kimberlee Crenshaw, co-founder of AAPF and professor of law at Columbia University and UCLA. Crenshaw is also a major figure in the movement to fund philanthropy specifically for women and girls of color.
The ceremony will also mark the 20th anniversary for AAPF, and will include playwright/activist Eve Ensler, as well as Rep Keith Ellison (D-MN-5), who has been a supporter of the rights of Muslim Americans and received the Utne Reader’s Visionary Award in 2011 for his work.
As every day brings new questions regarding the rights and protections of marginalized populations in the U.S., word of an additional fund that will support progressive rights for women of color and transgender folks is heartening news.
Today, Groundswell Fund announced the funding of a new grassroots organizing effort that will be led by women of color and transgender people of color.
The new funding stream, dubbed the Liberation Fund, will “aim to ensure reproductive and gender justice by supporting women of color,” according to a press release announcing its launch.
Groundswell describes itself as the largest funder of the U.S. reproductive justice movement. Headquartered in Oakland, CA, the organization provides leadership in the effort to hold public officials accountable at the local level for their responsibility to protect the rights of all people. In the age of Trump, this kind of accountability is more important than ever.
“The Administration supports policies and programs to empower adolescent girls, including efforts to educate them through the completion of secondary school,” said Heather Nauert, of the Trump Administration’s State Department, referring to Let Girls Learn. “We are committed to empowering women and girls around the world and are continuing to examine the best ways to do so.”
Of the $71.4 trillion dollars controlled by the asset management industry, only 1.1 percent of total assets under management are with firms owned by women and minorities.
You heard that right. Although the number of firms that are women- or minority-owned can range from 3 to 9% across the four different asset categories in the industry, assets controlled by those firms account for only 1.1% of all assets under management.
A press release from the Knight Foundation, which commissioned the study, states that this is the most in-depth study to date about ownership diversity in asset management. Additional analysis revealed that the 1.1% managed by women and minorities had no difference in performance from the 98.9% non-diverse asset management industry.
Things are really coming together for women’s funds and gender lens investing, as this new report details.
The new report is written by Joy Anderson, President and Founder of Criterion Institute, Ms. Foundation President Teresa Younger, and Elizabeth Schaffer, Chief Operating Officer of the Global Fund for Women.
I have not read the report in total yet, but from my first foray in, I am really excited to see how these advanced thinkers and leaders are putting ideas together and finding new synergy for social change and finance. This is powerful stuff!
The report is written using architectural design as an extended metaphor for how to integrate the different sectors of finance, women’s funds, and social change theory. Combining these three components, the report then makes practical suggestions about how to influence issues like domestic violence, the gender wage gap, and climate change.
“The more that philanthropy can do to encourage and support women in running for office, the better,” says Kate Coyne-McCoy, CEO of The Campaign Fixer, who has spent much of her career trying to bring more women into American politics. Coyne-McCoy has trained over 9,000 women to run for office, and she has a message for philanthropy.
“Do more politically, period,” she said in a recent interview with Philanthropy Women, when asked what her message would be to progressive women donors and their allies. “Until you make an investment in the electoral and political process, you’re never going to see the change you want.”