Everyone’s talking about it: the coronavirus crisis. As more and more cities and countries take on “stay at home” orders and work to tackle growing medical shortages, events around the world are facing the difficult question of postponement or cancellation.
For smaller events, cancellation is the same as admitting defeat. Many conventions and festivals run by new or non-established organizations simply cannot survive a year’s worth of lost ticket sales, vendor contracts, and speaking arrangements.
So what can we do to help these organizations survive?
Philadelphia’s Leeway Foundation recently announced the next step in the application process for their annual Art and Change Grants and Transformation Awards.
From 4:00 to 5:00 PM ET on Thursday, April 2nd, Program Director Melissa Hamilton will hold a virtual information session via Facebook Live. The session will cover the Foundation’s mission and available grants–most importantly, the session offers interested artists the opportunity to ask questions about the application process for the Leeway Transformation Award, which closes its application window on May 15th.
The Texas Women’s Foundation (TWF) recently announced that 100 percent of its $36 million dollars in financial assets are now invested in a “gendered impact” portfolio.
The gender impact strategy seeks a strong return on investment while having the investment itself—and not just the return that accrues to Texas Women’s Foundation—benefit women and girls. This approach makes TWF the first and only women’s fund or foundation to move all of its financial assets—which include endowments, operating investments and donor-advised funds—into gendered impact.
“We hope that we can inspire others to become part of what is now a global movement around impact investing,” says Roslyn Dawson Thompson, Texas Women’s Foundation president and CEO. “Specifically for women’s funds and foundations, we can demonstrate how, by mission-aligning 100% of our assets with our philanthropy, we can powerfully accelerate the change we seek in the world.”
Burlington High School Soccer Players Score First Youth-Led Fund at Vermont Community Foundation
Members of the Burlington High School girls’ varsity soccer team have collaborated with the Vermont Women’s Fund to open the first youth-led donor advised fund at the Vermont Community Foundation. The young players’ new #EqualPay Fund will increase access for girls to soccer programs and accelerate progress to close the wage gap in Vermont—where, on average, women earn 84 cents to every dollar earned by men.
Initially, the project started as a local fundraiser selling #EqualPay jerseys to support the Greater Burlington Girls Soccer League (GBGSL). The soccer players wanted to emulate their heroes on the U.S. Women’s National Team and amplify their #EqualPay message. The young players sought out logistical and strategic support from Change The Story VT, an initiative fueled by the Vermont Women’s Fund, Vermont Commission on Women, and Vermont Works for Women that is committed to fast-tracking women’s economic security to benefit women, their families, and the Vermont economy. Change The Story helped source and produce the special-label jerseys similar to the USWNT uniforms and advised the team on fundraising strategy.
Another #GivingTuesday is one for the books! According to the organization that created the international day of generosity, this year’s online and offline donations crushed a monumental milestone: almost $2 billion in donations in the United States alone, with $511 million in online donations.
“Generosity is a core trait and value that brings people of all races, faiths, and political views together,” said Asha Curran, Co-founder and CEO of GivingTuesday. “GivingTuesday creates a shared space where we can see the radical implications of a more generous world.”
On December 3, 2019, California Senator Kamala Harris announced her decision to drop out of the 2020 presidential race.
“I’ve taken stock and looked at this from every angle, and over the last few days have come to one of the hardest decisions of my life,” Harris wrote in a Medium article, which was also sent out to supporters through email and social media. “My campaign for president simply doesn’t have the financial resources we need to continue.”
The Harris campaign’s inability to fund itself raises important questions about the future of political campaigns in the United States. Could the Harris campaign have been saved by a last-minute large-dollar donation?
Four private U.S. Foundations—Foundation for a Just Society, Open Society Foundations, Wellspring Philanthropic Fund, and the William and Flora Hewlett Foundation —have recently announced that they are joining forces to provide $20 million to women’s funds internationally.
The $20 million investment was designed in consultation with women’s funds, and the five-year initiative will help the funds maximize their impact in promoting gender equity. “The resources of philanthropies have not always reached enough feminist activists, who we know are leading social change and driving gender equity. To solve this problem, we need to democratize philanthropy,” says Joy Chia, program officer with the Women’s Rights Program at Open Society Foundations. “This means putting more resources in the hands of women’s funds, who are well-placed to equip feminist movements, advocates, and innovators in the field with the tools to sustain change.”
On October 17th, 2019, the Women’s Foundation of California (WFoC) celebrated its fortieth anniversary with a major announcement: the organization pledged $40 million to gender justice, and began its groundbreaking campaign to raise the funds to facilitate another forty years of gender justice grantmaking.
Less than a month later, the WFoC is more than halfway to its goal of $40 million. This stunning fundraising effort is the result of a steadfast community of donors, supporters, and activists, which the Foundation has built over forty years of campaigning for social change.
Editor’s Note: This Q&A is with Jenny Flores, Head of Corporate Social Responsibility for Bank of the West. Grameen America recently announced a new collaboration with Bank of the West, which is donating $2 million to assist with the launch of a new Grameen branch in Fresno, California.
What is the relationship between Bank of the West and Grameen? Does Bank of the West provide the funds and Grameen evaluate the loans and administer the program?
Building on a relationship started in 2017, Bank of the West made an initial $1.5M investment to provide lending capital to Grameen’s Bay Area, Los Angeles, and New York branches, helping to establish Bank of the West as one of Grameen’s key business partners in the U.S.
One of the best ways to leverage support for a community is by celebrating its culture. Angélique Kidjo and the Batonga Foundation seek to amplify their campaign for women and girls in West Africa through a one-of-a-kind benefit dinner hosted later this month in New York City.
Kidjo, a three-time Grammy Award-winning singer and musician, was born in Benin and grew up steeped in the rich musical and social culture of West Africa. She attended school at a time when girls’ education was not considered socially acceptable. In answer to taunts from boys in her classes, Kidjo would shout back, “Batonga!,” an invented word that has since translated into Kidjo’s music and philanthropy.