A Home for News and Conversation on Women Donors
Activist women donors are the wave of the future for social change. Activism is an essential part of feminist philanthropy. Women donors are often hyper-conscious of their inner-outer integrity as feminists, and work hard to align their activism with their giving. See how women donors take action with feminist activist giving for social change.
“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.
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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.
Read MoreHow 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.
Read More2017 was a tremendous year to be writing about gender equality philanthropy. In the wake of Trump’s election in 2016, women in progressive circles rallied their resources for fighting back against the coming regression. Our top ten posts help to recall the many ways that women joined the resistance and continued the fight. At #6, for example, Emily Nielsen Jones delves into the experience of coming together for the Women’s March last January. Meanwhile, at #2, one of the most unusual giving circles in the country celebrates its ability to reach women on the other side of the globe. At #5, we hear from Kimberle Crenshaw, law scholar and fierce advocate for philanthropy to reach out more to women and girls of color.
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With Christmas over, it’s now time to get down to business and develop a strong agenda for 2018. At the top of that agenda for progressive donors, in my opinion, is repealing the Trump Tax that recently passed. This legislation does more to hurt the middle class and nonprofits than can be tolerated in a society that still prides itself on equality and freedom.
Here are just a few choice details about how this law will deter giving for the middle and upper middle class. The law’s discouragement of itemized deductions by raising the standard deduction for married couples to $24,000, is estimated to reduce the number of itemized tax returns from the current 30% to only 5%. That means only 5% of people will have enough charitable and other deductions to qualify for itemizing their taxes. This change strikes a devastating blow to families in the $70,000 to $200,000 income level, who often stretch their giving in order to qualify for the charitable tax exemption at $12,000. Between the mortgage interest deduction and the charitable deduction, some middle class families would be able to qualify for the $12,000 deduction threshold. By giving an extra two or three thousand or more, they are often supporting nonprofits in the community (their local church, food bank, or domestic violence shelter) getting a tax break, too.
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#MeToo women are transforming society on multiple levels.
So much exciting change is happening in women’s philanthropy, but one of the biggest breakthroughs by far has been the overwhelming response to the #MeToo campaign, which helps to break the silence on sexual abuse and harassment. While we all have to measure when and were we choose to tell our stories (and as a therapist I have listened to many accounts, and have helped guide people to make choices about how much they wanted to disclose, and to whom) it is heartening to see so many women willing to take the risk and put their story out there. #Metoo women have truly transformed how we see leadership and how we value boundaries in society.
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I am pleased to announce that the Women’s Funding Network has agreed to serve as Philanthropy Women’s fiscal sponsor for our not-for-profit publishing work. This partnership will help us to raise funds to make Philanthropy Women a more potent force for educating the community about how women in philanthropy are driving social change.
The Women’s Funding Network (WFN) grew out of a 1984 joint meeting of the National Black United Fund and the National Committee for Responsive Philanthropy, where participants discussed creating an organization exclusively for women’s funds. By 2000, WFN had grown into a network of 94 member funds and foundations with over $200 million in assets, deploying $30 million a year in grants. In 2003, WFN received a $5 million grant from the W.K. Kellogg Foundation, which enabled significant growth. Today, WFN continues to expand, with over 100 women’s funds and foundations spanning 30 countries, and continues to collaborate with other philanthropic powerhouses like Kellogg, the Gates Foundation, and the Clinton Foundation, to address gender equality globally.
Read MoreThe holiday season means different things to all of us, but one meaning I would like to suggest we share this holiday season is a renewed dedication to self-care.
The idea of self-care can seem trite, but it is definitely not all about getting manicures. When I work with clients in my therapy practice, I like to help them widen their definition of self-care to include acts large and small that we can do to bring ourselves to a healthier place emotionally and physically. Here are a few examples from my life:
In particular for women in philanthropy, an important component of self-care involves investing in and amplifying our vision for a more loving and tolerant world. Use the holiday season to contemplate new ideas for your vision of a better world. Take time to imagine how your ideas might evolve, and allow your intuition to guide you about how to pursue them.
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We all have a unique journey in giving, and now that my journey has landed squarely on feminist philanthropy, I am excited to host a Twitter chat on National Philanthropy Day, to discuss my journey as a giver and to learn about your journey. I believe that by conversing, we can do more than we realize to help each other along the way.
The Twitter Chat will take place on National Philanthropy Day, Wednesday, November 15th, at 11 AM EST it, and will last for one hour. The chat is being hosted by Women Thrive Alliance, one of our spotlight organizations, and will focus on the following:
Topic: The Added Value of Funding Women’s Rights Organizations
Host: @WomenThrive
Discussant: @philanthrowomen
Hashtags: #FundWomen #NationalPhilanthropyDay
Questions:
Q1) Today is National Philanthropy Day. What advice do you have for individuals looking to give today?
Q2) How and why do you opt to fund women’s rights organizations?
Q3) What advice can you give to individuals who want to fund grassroots organizations?
Q4) Why is philanthropy so important when it comes to women’s rights and gender equality?
Q5) What are some resources that donors can use to educate themselves on investing in women’s rights?
Twitter chat guidelines:
At the beginning of the chat, Women Thrive will ask participants to tweet and say ‘hello.’ Women Thrive will go over how to answer the tweets – i.e. answer Q1 with A1; Q2 with A2 for all tweets corresponding to that question. Women Thrive will then begin by tweeting out the questions. Lastly, please include #FundWomen in all tweets.
Please help us bring in more voices to this conversation by sharing about this is event on Twitter.
Some areas I hope to cover include the growing use of giving circles as a vehicle for grassroots feminist philanthropy, ways to influence the communities around you to analyze their gender data, and ways to use your sweat equity as a writer, thinker, and amplifier to support feminist philanthropy. I will also be culling from our growing database of article on Philanthropy Women that are calling attention to the past, present, and future of how we #fundwomen.
See you next Wednesday, 11 AM EST, on Twitter!
Related:
Don’t Miss the Prosperity Together Twitter Chat Tomorrow!(Opens in a new browser tab)
Twitter Donates $1 Million for COVID Journalism, IWMF Receives $500 K(Opens in a new browser tab)
Editor’s Note: It gives me great pleasure to welcome Allison Fine to Philanthropy Women as a guest contributor. Allison is the author of multiple books including Momentum: Igniting Social Change in the Connected Age and The Networked Nonprofit. A former Senior Fellow at Demos, Allison specializes in the intersections of online activism and democracy-building, and encourages women to embrace their power in funding social change.
Exactly a year ago, millions of women across the country created the Resistance. We have marched and protested, shared our outrage using hashtags such as #metoo, #yessallwomen #nastywomen and called (and called and called) Congress. Now it’s time to shift from powering the Resistance to creating the Renaissance. However, there is one huge barrier, the “final frontier” as philanthropist Ruth Ann Harnisch calls it: our discomfort with money and power.
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