Invest for Better: Helping Women Impact Finance, and the World

Ellen Remmer, Senior Partner at The Philanthropic Institute, discusses the launch of Invest for Better, a new platform to help women lead the way in impact investing.

“The deeper I get into impact investing, the more I’m persuaded,” says Ellen Remmer, Senior Partner at the Philanthropic Institute (TPI), after a 25 year career in finance and philanthropy. “Personally, when I changed advisors and started doing impact investing, it connected me to my money in new and different ways, and it was so much more interesting. I was always bored by [traditional investing]. Now it was interesting, because it was about social and environmental change.”

Remmer is part of a minority of women in our culture who has pursued her interest in impact investing to the point of actually doing it. While more women are finally moving into impact investing now, Remmer wants to add to that momentum and make sure they are equipped with knowledge and guidance to do impact investing well.

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Longtime Women’s Foundation CEO to Step Down

Lee Roper-Batker, CEO of the Women’s Foundation of Minnesota.

The Women’s Foundation of Minnesota has announced the retirement of Lee Roper-Batker as President and CEO, a big change for one of the largest and most influential women’s foundations in the country.

Effective January 3, 2020, Roper-Batker will step down, after leading the foundation for 18 years.

Her service to the sector is significant. Since becoming the foundation’s President and CEO in 2001, Roper-Batker has presided over a period of growth and expansion that included increasing the organization’s grantmaking by 840%. She also helped established groundbreaking programs to protect women and girls from sexual trafficking including MN Girls Are Not For Sale, launched in 2011, a prescient project that helped raise awareness about sexual abuse and trafficking of women and girls before the #MeToo movement.

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How This Nonprofit is Growing Support to End FGM Globally

Former First Lady Michelle Obama with Amy Maglio, Founder of the Women’s Global Education Project. (Photo: Chuck Kennedy for the Obama Foundation)

Recently when checking in with the Obama Foundation, we learned that they are highlighting the Women’s Global Education Project (WGEP) and its work in helping global communities end the practice of female genital mutilation (FGM). To find our more about how this work takes place, Philanthropy Women spoke with Amy Maglio, Founder of WGEP. Maglio founded WGEP over 14 years ago after she was a peace corp volunteer in Senegal, where she lived for three years.

“When I got back from Senegal, I thought about all the girls I knew who weren’t in school,” said Maglio. She was particularly concerned with the reasons that girls weren’t going to school, and wanted to find more ways to ensure that girls got into school and stayed in school in Senegal. Maglio began partnering with local community-based organizations in Senegal that were already working on these questions. Local organizers in Senegal identified that girls ended their education often because of healthy, safety, and cultural issues.

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Partnering for Power: NYWF Grants $11 Million for Gender Equality

The New York Women’s Foundation has announced a record-breaking $11 million in funding for 2018.

“These extraordinarily demanding times call for increased responsiveness, investment, and collaboration from philanthropy,” said Ana Oliveira, The New York Women’s Foundation’s President and CEO, upon announcing a record $11 million in grants for 2018 to 175 community organizations. “Our 2018 grantmaking expresses the Foundation’s increased response to the needs of historically underinvested communities most impacted by poverty and violence.”

The New York Women’s Foundation (The Foundation) has been at the forefront of gender equality philanthropy for several decades. From 2017 to 2018, grantmaking from the foundation increased by $3 million, breaking its previous record of $8 million, a 27% increase in just one year. If the New York Women’s Foundation continues giving at this rate, in another five years, its giving could reach over $25 million per year.

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New Research from WPI Highlights Race and Gender Variables in Giving

The Women’s Philanthropy Institute at University of Indiana has come out with a new report detailing giving across race and gender. (Photo credit: WPI)

One important role that the Women’s Philanthropy Institute plays is producing research that drills down on the data about women’s giving, adding more demographic detail, including race, to the picture of how and why women give.

In its most recent research, WPI has identified ways that donors differ across race, and ways they appear to behave in relatively similar fashion. All of this data points to the fact that philanthropy is growing more aware of its diversity, and funders and nonprofits would do well to find ways to maximize engagement with donors of all backgrounds. By doing so, philanthropy as a social domain can help recognize and empower donors from historically oppressed or marginalized groups.

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Why Robert Kraft’s Behavior Matters to Women’s Philanthropy

Audrey Morrissey, Associate Director and National Director of Survivor Leadership at My Life, My Choice, a Boston-Based organization that has received funding from Robert Kraft’s philanthropy. (photo courtesy of My Life, My Choice)

Do major league sports leaders have a responsibility to model respect for women in everything they do? This question is fresh on the minds of many due to Robert Kraft, philanthropist and owner of the New England Patriots, being charged with two counts of soliciting a prostitute in Florida, where he was allegedly engaging in sex acts with women at Orchids of Asia Salon.

Through his philanthropy, Robert Kraft has funded initiatives specifically aimed at ending sexual exploitation of women and girls. USA Today reports that Kraft gave $100,000 in 2015 to My Life, My Choice, a Boston-based organization that works on ending child sex trafficking. Some might ask how the same man can be both perpetrating sexual exploitation and funding initiatives to end it.

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How’s the Obama Foundation Doing with Building Global Girls Alliance?

The Obamas launched Let Girls Learn during Obama’s presidency, and are now continuing the work through their own foundation’s program, Global Girls Alliance. (Photo Credit: Global Girls Alliance.)

When we last checked in at the newly formed Obama Foundation, the former First Lady Michelle Obama and her husband, President Barack Obama were laying the groundwork for cultivating a new coalition of organizations focused on girls globally.

Through a collaboration with GoFundMe, the Obama Foundation has established the Global Girls Alliance Fund, helping to raise funds for grassroots organizations to make more headway with educating girls. The initiative accepts applications from eligible nonprofits already working to increase educational opportunities for girls.

In October of 2018, Michelle Obama announced the Global Girls Alliance, encouraging the public to help make education a reality for girls worldwide. (photo courtesy of the Obama Foundation)

Now Global Girls Alliance is highlighting a Chicago-based nonprofit named The Women’s Global Education Project and is recognizing the work they are doing both in the field and with a compelling new documentary about female genital mutilation (FGM).

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Ending FGM in the United States and Abroad: Who Are the Funders?

An International Day of Zero Tolerance for FGM has helped raise awareness, but more funding is needed to end the dangerous and unhealthy practice.

The subject of female genital mutilation (FGM) — the practice of removing a female’s clitoris, sometimes accompanied by sewing together her labia — rarely makes it into the mainstream news, so recent public awareness campaigns like February 6th’s #EndFGM campaign are helping to put it on the agenda.

Ending FGM is central to movements for women to be free to direct their own lives both in the U.S. and abroad. Feminist philanthropists have been working on this issue for decades, and now, with legislation passing to criminalize the practice, there is more potential than ever to realize some bigger gains.

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Knock Down the House: The Mainstreaming of Women’s Political Rise

Rachel Lears is Director, Producer, and Cinematographer of Knock Down the House. (photo credit: International Documentary Association)

I am always keeping an eye out for instances of feminism breaking through to mainstream culture. So when Netflix decided to make its biggest payment ever of $10 million to buy the rights to Knock Down the House, I was eager to learn about how this film came about. How did this relatively new film team suddenly find itself poised to reach Netflix’s estimated 148 million subscribers?

Knock Down the House follows four progressive women who made it into the U.S. Congress in the 2018 elections, inviting viewers to witness the progression of their historic journeys into politics. Just weeks ago, it won Best Documentary Film for 2019 at the Sundance Film Festival.

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This Gender Lens Expert Sees Big Potential for DAF Giving Circles

Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital, shares her expertise on the growing use of Donor Advised Funds by women’s funds and giving circles.

“There’s a time and place just for grants, and there’s a time and place for gender lens investing, but if you can find that sweet spot where they come together, that’s what gets me going,” says Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital.

For Pease, the two strategies of gender lens grantmaking and gender lens investing can play a complementary role, particularly when using the Donor Advised Fund (DAF) as an investment vehicle. For women’s funds and foundations, Pease sees an expanding use of DAFs to create new ways to reach women at all levels of society with resources to grow their power.

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