One of the most important aspects of much of women’s philanthropy is its inclusiveness — the belief that there is always room for one more at the table in a community. That’s one reason why the new Revlon campaign, The Love Project, is particularly important and timely for the growing movement of women’s leadership in philanthropy.
We’re only getting started here on Philanthropy Women, but one of the arguments that we will make repeatedly is that inclusion is a fundamental value for much of women’s leadership in philanthropy. The Love Project embodies that sense of inclusion in several important ways.
The press release for this new campaign explains that The Love Project “is an extension of Revlon’s Love is On campaign, which launched in 2014, and reflects the brand’s belief in the power of love and the diversity of beauty.”
Talking to Gloria Feldt is like talking to someone who has been through just about everything as a feminist leader, and yet somehow still finds the strength to tackle ongoing social and political challenges. The word unstoppable comes to mind.
In 1996, People Magazine captured her phenomenal early career in a story called The Voice of Experience. Indeed. And Feldt has just the kind of experience we like to talk about here at Philanthropy Women: experience that mobilizes funding for big visions.
Last year when I was writing for Inside Philanthropy, David Callahan and I co-authored a list of the 50 Most Powerful Women in U.S. Philanthropy. It was a big hit. This year, I have decided to follow up and develop eight shorter lists. The lists will start with Emerging Most Powerful Women.
Why start with emerging? Using emerging women leaders as our starting point helps us get a sense of how these women are influencing some of the changing dynamics of philanthropy. Some of the emerging women are quite different from the more established women leaders in philanthropy. Many of these emerging leaders take a strong stance on the need for philanthropy to be more integrated into the economy and inclusive of marginalized groups. A heightened awareness of the need for collaboration across sectors to achieve systemic change is also a key point for many of them.
As the economy and job market shift further toward globalization, we see more and more corporations amping up their attention to women and girls. An important new example of this is the Vodafone Americas Foundation, which in March of 2016 announced a fourth core focus: empowering women and girls in the technology field, and helping women use technology to live healthier and more prosperous lives.
Welcome again to Philanthropy Women. I am glad you are here. Given the new political climate, some of you may be worried about funding for women and girls. But, particularly in the area of STEM (science, technology, engineering, and math), the grant funding to support women and girls has been growing over recent years and looks like it will continue to do so.
Supporting more women and girls in STEM became an early priority of the Obama administration, and this interest and activity continued steadily for the years of the Obama presidency. 2016 was no different. This past year saw funding flowing for STEM programs for women and girls like never before. The ever-growing list of corporations and sponsors of education and opportunity for women and girls in STEM is staggering. It suggests a rampant popularity for philanthropy focused on engaging women and girls in preparing for STEM education and careers.
With the change in leadership in the U.S. toward a more conservative, white nationalist mentality, it’s a good time to look around the globe and discover other leaders of women’s empowerment who are outside of the U.S. political sphere.
One impressive leader is Cherie Blair and the Cherie Blair Foundation for Women, which is doing work internationally to help women develop business skills and earn income. Next year, the foundation will even be expanding its work to reach some of the most marginalized women in the world, those impacted by war in the Bekaa Valley, an area heavily impacted by the flood of refugees across the border of Syria.
We live in a world where the first thought about a piece of news needs to be: what is the source? With so much fake news and misinformation out there, the Knight Foundation is amping up its support of high quality community-driven media with new funding.
Jennifer Preston, Vice President of Journalism at the Knight Foundation spoke to Philanthropy Women this morning, the day of the launching of this new funding initiative.
She said most of those organizations receiving matching funds from this new initiative are Knight Foundation grantees from over the past three years. “Amid all of the concerns about fake news, supporting nonprofit journalism is a great way to address those concerns. Battle Fake news with smart news,” said Preston.
Jacki Zehner, chief engagement officer of Women Moving Millions, wants to see corporations—particularly financial services firms—put their money where the research is when it comes to gender equity, and more specifically, women’s empowerment, inclusion, and leadership. Why? It is not only in their best interest, but key to economic stability and growth.
Zehner is one of a new breed of philanthropic leaders who transitioned from a successful career in business, bringing that knowledge and experience with her. She knows the gap between talk and action on gender equity in corporations well. Though Zehner’s career was made in fixed-income trading, rising at Goldman Sachs to make partner in 1996, her passion was women’s issues, and that passion led her to a position in the firm’s executive office where her role was, in part, to champion diversity and inclusion.
The field of gender lens investing has been on the runway and waiting for take-off for a while now, yet barriers, like the lack of corporations carrying out women-friendly policies and practices, continue to be a problem.
Meanwhile, some funders are right on top of the issue, pushing hard to understand and grow the field of investing with a gender lens. One prime example is the Wallace Global Fund, which provided a grant to the Criterion Institute in the fall of 2014 to create a report that surveyed gender-focused investing. Wallace is a longtime supporter in the arena of women’s empowerment, and also a lead player in the philanthropy divestment movement.
As part of its research on and development of gender lens investing, Criterion held “convergences” — four of them, once a year, in Simsbury, Connecticut. These meetings served as incubators for defining and consolidating the field of gender lens investing. The convergences also helped develop new language for the work, such as seeing gender lens investing as an “opportunity” rather than a “screen,” and shifting from “counting women” to “valuing gender in finance.” And while these changes may sound semantic, they represent much larger shifts to investment theory and approach, which produce significant results.