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.