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.
Editor’s Note: This piece is co-authored by Emily Nielsen Jones and Nickey Mais-Nesbeth
Emily: The circle is one of those timeless symbols—one that appears in nature, in mathematics, and in art of all kinds—that says something wise and true about the world. It is also a unique symbol, we think, for what philanthropy is all about.
Philanthropy on one level is about giving money away. Often if can feel sort of linear and transactional from a top-down grid: people with social capital at the top doling out largesse and using fancy sounding words about “scale” and “strategy” in an attempt to help the needy. But today, a powerful movement is on the rise in philanthropy to leave the pyramid of noblesse oblige in the last century and become more democratic. This new concept is about empowering a community to make change from within. To me, it feels very circular and connective, like the processes of change you see in nature.
Big News: The NoVo Foundation has narrowed down the scope of its focus for its $90 million in funding to empower girls of color, and the funder is now seeking regional partners to provide support to community agencies doing work for gender equality. NoVo is currently opening up RFP applications for community-based organizations in the U.S. Southeast to get grants for helping girls of color.
This decision was based on the outcome of a year-long listening tour across the country with girls of color, movement leaders, and organizers. During that time, NoVo employed its strategy of getting feedback and solutions directly “defined and driven by girls and women of color” in order to maximize impact for this population.
Progress for women is gradual in a world where an estimated 15 million girls are sold into marriage. In developing nations, the situation is even worse. According to the UNFPA, an estimated “one in three girls is married before reaching age 18. One in nine is married under age 15.” Among other scary news on child marriage is this recent report that child marriages are on the rise in Syria.
There are several funders paying close attention to the problem of child marriage. These include Kendeda, which has committed over $31 million in this arena in recent years, and provides support for Human Rights Watch, the Global Fund for Women, and Girls Not Brides. The Ford Foundation also does some significant work in this area, and The NoVo Foundation is also committed to the cause of ending child marriage.
In the world of philanthropy, it’s a little unusual to hear about a public debate between high level professionals. We have a lot of panel discussions, and not so many debates. But Philanthropy New York (PNY) clearly has other ideas.
PNY, “a regional association of grantmakers with global impact,” is sponsoring a debate between two very different leaders in the philanthropy sector. Picture, if you will, the matchup:
In this corner, we have David Callahan, Founder and Publisher of Inside Philanthropy, and author of the forthcoming title, The Givers, a riveting text that makes you question everything you know about philanthropy, and which lands squarely on the side of tightening up taxation and regulation of the rich. Furthermore, it makes you want to run laps around the block to vent your rage at the rampant inequality in today’s world.
Certainly it is worth noting for women in philanthropy when one of the great funders of progressive causes passes on.
More will need to be said on this blog about how David Rockefeller contributed to the evolution of women’s empowerment in philanthropy. For now, we offer prayers and good thoughts for the Rockefeller family as they celebrate his amazing life and navigate this transition.
From The Clinton Foundation:
David Rockefeller was a consummate businessman, a great humanitarian, and a serious scholar. He was a kind, good man to all who met him. Hillary and I are grateful for his friendship and his remarkable life.
Throughout his life he used his fame and fortune to do good here and abroad. His many efforts included the establishment of the Council of the Americas five decades ago, which was instrumental in my administration’s efforts to alleviate the financial crisis in Latin America and boost trade in the Americas and the Caribbean. His tremendous support of arts and humanities in America gave millions of people in communities across the country the opportunity to experience our great heritage of painting, dance, music, and so much more. For these efforts and many others, I was proud to present him with our nation’s highest civilian honor, the Presidential Medal of Freedom.
We celebrate a long life well-lived and send our gratitude and prayers to his family and all who supported him on his remarkable journey.
I recently returned from DREAM. DARE. DO. in Chicago, the every-three-year (maybe more often now!) convening of the Women’s Philanthropy Institute.
Wow. I am still reeling from the experience. It was an intense two days of immersion in conversation about women’s leadership in philanthropy, where it is coming from and where it will be going in the brave new political climate of a Trump presidency.