I’m always on the lookout for ways that women leaders are doing philanthropy differently — mixing and melding the work into different spaces, finding ways to combine giving with other activities and make philanthropy more accessible to the public. One effort that recently caught my eye was Lady Gaga’s Born This Way Foundation (BTWF) and its collaborating-while-touring work with local organizations.
First, just to clear up a technical detail, BTWF is not actually a foundation, but a nonprofit with the mission of enhancing mental wellness and kindness in the community. This year, rather than using its end-of-year fundraising period to raise money for BTWF, the organization is giving all the money it raised during its partnership with its Channel Kindness Tour to grassroots organizations in communities across the country, many of which are doing groundbreaking work with inclusion as an essential value to building a healthy community.
Good news for progressive women’s organizations in and around New York City, as the New York Women’s Foundation today announced that they made an additional $4.21 million in grants in 2017, bringing the total for their grantmaking in 2017 to $8 million, the largest amount ever given out by the foundation in a single year.
Recipients of the grants span a wide range of issue areas related to women’s health and well-being. Grants are provided through a model of grantmaking that is achieves added impact by using community engagement, advocacy, and networking to produce significant social change.
Last evening, I had the pleasure of being a panelist on Take the Lead Virtual Happy Hour, hosted by Gloria Feldt. The topic for discussion was The Many Faces of Love: How Women & Philanthropy Can Change the World. Here are my responses:
What are the challenges for you in philanthropy?
Like everyone, my challenges are fundraising. I knew when I launched Philanthropy Women, I couldn’t do it on my own. I needed key stakeholders, so reached out for support from women who I knew who wanted to grow the sector of media attention for gender equality philanthropy.
“Major societal change happens through major institutions,” says Martha A. Taylor, women’s philanthropy pioneer and Vice President of the University of Wisconsin Foundation. Taylor doesn’t discount the energy that comes from the streets, and in January she attended the Women’s March with her then 94-year-old mother, who carried a sign invoking both FDR and Obama. Still, Taylor says that for women to effect change, they need to occupy leadership positions in major institutions.
It’s a busy week for me, as well as for a lot of other gender equality advocates. Some big names in gender equality are coming out for Valentine’s Day. Here’s a list of a few of the events going on to give voice and power to gender equality movements on February 14th.
Tarana Burke Will Speak At Brown University: The recently rediscovered leader of the #Metoo movement, Tarana Burke, will be hosted by both RISD and Brown University for a discussion on February 14th. The title of the discussion is, #MeToo: What’s next in Healing and Activism, and the event is already sold out, but if you want to get on the waitlist, you can go here.
With every day in America bringing news of regressive political changes that will negatively impact women, it’s important for those who want to increase gender equality to explore different strategies for reaching women who need resources. One strategy that recently caught my eye was Grameen America’s announcement that, in celebration of its 10-year anniversary in the U.S., it would enter the fray of impact investing and disburse an added $11 million in capital in microloans to low-income women across the country. With this new fund, over a five-year period, Grameen will make $140 million in loans to low-income women who are struggling to get a foothold in the U.S. economy as entrepreneurs. This is microfinance as a feminist strategy — and it has exciting implications for the future of feminist funding.
How would you turn a moment into a movement? That’s the question that organizations that fund women running for office have been asking themselves over the last year. It’s a hard question to answer in any field. Now imagine trying to answer it while being deluged by an unprecedented number of women ready to run for office.
There are nine national organizations dedicated to training and supporting women running for office. These are long-established organizations like Ignite and Emerge America. In addition, there are newer organizations dedicated to supporting women of color running for office such as Latinas Represent and Higher Heights. Regardless of when they were started or where they focus geographically or demographically, none of these organizations have experienced a moment like this – because, of course, the country has never experienced a moment like this.
What a great way to start the day, with my daily news search for the term “philanthropy women” turning up an article on Forbes that discusses both our fiscal sponsor, Women’s Funding Network, and one of our spotlight organizations, Women Donors Network. The article also talks in detail about other work we’ve covered, including Emergent Fund’s rapid response funding for the Resistance, and the role that Donna Hall and WDN have played in bringing together progressive funders this past year.
I won’t be a spoiler for you — you can read Marianne Schnall’s fine article here. But it’s interesting to note that we reported on many of the funders and organizations in depth over the past year, and now here they are all rounded up in another article published on a much larger mainstream publication, and by such a reputable writer. Schnall has a resume that is bursting at the seams with knowledge and experience in the field of feminism, including being the founder and publisher of Feminist.com since 1996, and having two feminist book titles to her credit.
While I try to stay reality-based about the value of Philanthropy Women as a micropublisher, I can’t help but wonder if other feminist writers, when researching their articles, are googling terms like “philanthropy women” and “feminist philanthropy” and are turning up some of our content in the process. In any case, I am glad to see the enhanced attention to the important work being done by WDN, WFN, Groundswell, Emergent Fund, and all of the other women’s philanthropy leaders discussed in Schnall’s article.
A new report from Oxfam takes a hard look at our growing inequality problems, and outlines steps that governments and businesses can take to work toward a more equitable and healthy economy.
Endorsed by several experts in development and labor, the report also has a section devoted to addressing the overlap between “economic and gender inequality” that looks at how the gender wealth gap plays out in women having less land ownership and other assets, and observes that “the neoliberal economic model has made this worse – reductions in public services, cuts to taxes for the richest, and a race to the bottom on wages and labour rights have all hurt women more than men.”
And what are some of the solutions? That was the most interesting part of this report, so am sharing some of my favorites here:
Oxfam calls for governments to set targets for income distribution, and gives specific suggestions: “The collective income of the top 10% to be no more than the income of the bottom 40%.”
The report calls for ending extreme wealth. “To end extreme poverty, we must also end extreme wealth. Today’s gilded age is undermining our future. Governments should use regulation and taxation to radically reduce levels of extreme wealth, as well as limit the influence of wealthy individuals and groups over policy making.”
Use anti-capitalist business models that “incentivize business models that prioritize fairer returns, including cooperatives and employee participation in company governance and supply chains.”
There are lots of other recommendations I liked, such as pay ratios for keeping down CEO pay, but this was one also deserves particular attention:
Use tax to reduce extreme wealth. Prioritize taxes that are disproportionately paid by the very rich, such as wealth, property, inheritance and capital gains taxes. Increase tax rates and collection on high incomes. Introduce a global wealth tax on billionaires, to help finance the SDGs.
What a brilliant idea: financing the SDG’s, particularly SDG 5 for gender equality, with tax money that would end extreme wealth.
It all feels rather unobtainable now, while we are facing one of the most conservative and un-feminist governments ever in America. But it is helpful to read and consider recommendations from reports like this one. Leadership from Oxfam and others advocating for a fairer economy can provide critical guidance on how to make the economy work better for everyone.