When you think of San Francisco, the first thing to come to mind is probably the Golden Gate Bridge, or the picturesque houses lining multi-million-dollar streets. You likely don’t immediately think of the wealth disparity that Silicon Valley brought to the city’s families, or the racial tensions that still crop up in a “dark blue region of a blue state.”
San Francisco faces the same problems that plague any city of its size. But what if that could change?
The San Francisco Foundation recently announced that it is committing $50 million to “investments that are aligned with its mission to building inclusive prosperity and racial equity in and around San Francisco.” In other words, the Foundation is committing 6.3% of its $800 million endowment to investment opportunities that will be good for the city of San Francisco — and they’re looking to invest with women- and minority-owned asset managers.
Over the past few years, the #MeToo movement has brought to light the rampant issues of sexual harassment, abuse, and violence that plague many of our communities. Mainstream media has primarily focused on sexual violence and harassment in high-profile industries, such as entertainment, sports, journalism, higher education, and the corporate world.
But the populations most disproportionately affected by sexual violence and harassment are often the same ones that go underserved, both financially and by media coverage. These populations include women of color, trans and nonbinary women, women with disabilities and/or mental illnesses, immigrants and migrants, socioeconomically disadvantaged women, indigenous women, and incarcerated or formerly incarcerated women, among others. Many of these women work in industries where sexual violence is prevalent and often ignored, such as domestic work, restaurants, and hospitality. Workers in these industries often go without the labor protections that can serve as a partial buffer against sexual exploitation.
There is an old “riddle” that used to circulate in the early 2000s in which a father and son are critically injured in a car accident and rushed to the hospital. The hospital workers do everything they can to save the father, but he dies under their care. When the son is prepped for his life-saving surgery, the attending doctor stops dead and declares, “I can’t perform the procedure — I cannot operate on my own son.” How is this possible?
The answer? The doctor is a woman — the son’s mother — and that is why she is unwilling to perform the surgery. The difficulty of the “riddle” comes from the guesser’s automatic presumption that the doctor in question has to be a man — because, of course, only men are qualified to be surgeons, right?
When a Dior fashion show begins amid the black ties and flashing cameras in the Musee Rodin, the last thing you’d expect to see is a tee shirt. But this is exactly what kicked off the display for Dior’s Autumn/Winter 2019 collection — a plain white tee-shirt, silk-printed with the words SISTERHOOD IS GLOBAL.
Pulled directly from the cover of the 1984 book by the same name, the SISTERHOOD IS GLOBAL design features the familiar blue letters against a simple white background. At a glance, the shirts are a beautiful representation of the global sisterhood movement — but at their core, the shirts say so much more.
Do major league sports leaders have a responsibility to model respect for women in everything they do? This question is fresh on the minds of many due to Robert Kraft, philanthropist and owner of the New England Patriots, being charged with two counts of soliciting a prostitute in Florida, where he was allegedly engaging in sex acts with women at Orchids of Asia Salon.
Through his philanthropy, Robert Kraft has funded initiatives specifically aimed at ending sexual exploitation of women and girls. USA Today reports that Kraft gave $100,000 in 2015 to My Life, My Choice, a Boston-based organization that works on ending child sex trafficking. Some might ask how the same man can be both perpetrating sexual exploitation and funding initiatives to end it.
This week, Rachel’s Network launched the Catalyst Award as a new way to build women’s leadership in environmental work. The awards will recognize as many as five women of color who are making a significant impact on environmental issues in communities across the United States.
Each award winner will receive $10,000 as well as networking and mentorship support throughout the year.
Rachel’s Network works at the intersection of gender equality and environmentalism, providing $1.7 million in collective funding grants since its founding aimed at addressing both climate change and women’s rights. Rachel’s Network received the Bridge Builders Award for Network and Collaborative Giving Leadership from Philanthropy Women in January of 2019 for its exceptional work in growing gender equality movements intersectionally with environmental work.
This award is particularly noteworthy for its integration of both race and gender issues in addressing diversity in environmental work. In addition, the award creators are widening the lens on what it means to make an impact on environmental work by inviting women from the arts, agriculture, law, journalism, education, and faith communities to apply for the awards.
“We want this award to be the connective tissue between the wide landscape of existing fellowships for emerging leaders of color and executive leadership,” said Fern Shepard, President of Rachel’s Network, in a press release announcing the new awards. “We hope our investment catalyzes not only individual women’s career trajectories, but the environmental movement as a whole in becoming more representative and just.”
Women’s leadership is getting more strategic support to improve gender equity in journalism. Recently, Take the Lead announced a new program that is launching with support from both the Ford Foundation and the Democracy Fund. The program is called 50 Women Can Change the World in Journalism, and is aimed at “harness[ing] the collective power of women in journalism to build a more just and equal world,” according to a press release announcing the new endeavor.
Starting this year, 50 women journalists will engage in online and immersive learning with the program. The cohort will work to “re-envision journalism,” a profession dominated by women, but where women rarely make it into the top spots or earn as much as men.
“Women represent more than half of the journalism workforce, but are chronically underrepresented or misrepresented in journalism leadership,” said Gloria Feldt, Co-founder and CEO of Take the Lead. “Inequities within journalism must be rectified.”
To chip away at this inequity, the new journalism program will provide support and ongoing partnership with its first cohort of fifty professional journalists stationed around the country in publishing outlets. “Cohort members for this first #50WomenCan journalism program include many leading figures in communications,” says Feldt. “From The New York Times to The Center for Investigative Journalism to NBC News, our attendees are coming from the industry’s top media outlets.”
The Ford Foundation’s support for this project grows out of its mission to address equality in society. “Gender equity in journalism, as it is in any profession, is needed to ensure that all voices and viewpoints are heard, reflected and respected,” said Farai Chideya, Program Officer for Creativity and Free Expression at the Ford Foundation. “50 Women Can Change the World ensures this will happen.”
Starting with a joke about who would be the word hog between the couple, Stephen Colbert recently interviewed Bill and Melinda Gates. The couple talked about their philanthropy in the context of larger political issues such as growing inequality, and shared some of their “surprises” — the theme of their annual letter this year.
Colbert remarked that Bill Gates used to be the richest man in the world, but has now fallen into the number two spot for the world’s most wealthy person. “Well, we’re trying to give it away faster,” said Bill.
“There’s a lot of talk that billionaires shouldn’t exist,” said Colbert, suggesting that too much money accumulating at the top is a failure of capitalism.
“We might be biased,” said Bill with a chuckle. “I think you can make the tax system take a much higher proportion from people with wealth.”
“70%?” asked Colbert.
Bill Gates talked about how tax rates on the rich should be higher, but, “I think that if you go so far as to say that there is a total upper limit,” that could be problematic for the economy. Colbert then asked what the Gateses have observed as they travel the world and visit other countries with higher tax rates on the wealthy. “How is that going for them?” asked Colbert.
“Not necessarily that well,” said Melinda Gates. “There’ll be many times we’re in France, and you’ll hear, ‘Gosh, we wish we could have a Bill Gates. We wish we could have such a vibrant tech sector,'” but Melinda Gates cautioned that some tax systems dampen growth. In France, Melinda Gates said, “the tax system has been done there in such a way that it doesn’t actually stimulate good growth. So we believe in a tax system that does tax the wealthy more than low income people, for sure,” said Melinda.
“More than presently is being taxed?” asked Colbert.
“Yes,” Melinda said.
“We’ve been lobbying in favor of increasing the estate tax,” Bill broke in, and then went on about how the estate tax used to be higher and could be made higher again to garner more taxes from the rich.
“We do believe that to whom much is given, much is expected,” added Melinda Gates.
Here, Melinda Gates began connecting the narrative to women, and how women’s control of money can be catalytic to global change. Melinda Gates sees philanthropy’s support of women’s empowerment as just the beginning, saying “Philanthropy can never make up for taxes, but it is that catalytic edge,” where experimenting and model-testing can be done before government gets involved to bring health or education initiatives to full scale.
Melinda Gates then talked about one of her big surprises for 2019:
“That cell phone has so much power in the hands of a poor woman. […] When she has a digital bank account — they’re not welcomed at the bank, they don’t have the money to get on the bus to get there, and if they do, they might get robbed — but when she can save one or two dollars a day on her cell phone, she spends it on behalf of her family, on the health and education of her kids, and she also starts to see herself differently, she sees herself as a working woman, and she’ll tell you, her husband sees her differently, if she’s in India, her mother-in-law sees her differently. Her older son sees her differently when she buys him a bike. So it’s not the only tool, but it’s one of the tools that will help empower women.”
There is a lot packed into that short message, but it helps elucidate how Melinda Gates sees the role of women in the global economy, and where she is focusing for hope — on financial empowerment, and on women using technology to come out of isolation and into community, so they are no longer controlled by repressive gender norms.
On the question of whether billionaires like Howard Schultz should run for President, Bill Gates spoke for the couple and said that, “We work with politicians but neither of us will choose to run for office.” Colbert then presented the couple with honorary t-shirts saying: GATES 2020: Not an Option.
All of this mainstream media discussion of women’s empowerment is good news for feminist philanthropy. As more progressive women donors get in front of the cameras, they are feeding a healthy trend of growing awareness about the value of women’s leadership.
The Prince of Wales, Prince Charles, announced this week the launch of a new $100 million fund that aims to reach half a million women and girls in South Asia with education and professional opportunities in five years.
“The sustainable development goals endorsed by 193 member states at the United Nations cannot be achieved unless radical new approaches are developed,” said Prince Charles, upon unveiling the new fund. “I am very proud that the British Asian Trust is at the forefront of developing such innovations.”
British Asian Trust (BAT) will act as the investment banker for this project, raising capital and implementing the project, and will seek funding for new project from the big bank foundations for the initial risk investment. Added funding will be sought from national governments and other big donors.
The British Asian Trust was founded in 2007 at the suggestion of Prince Charles and is one of the Prince’s 20 charities. For this $100 million investment in women and girls, BAT’s plan is to combine venture capital funding with options contracts that are paid when certain social goals of investment are made.
This “pay for success” type funding innovation has become increasingly popular, as investors look for ways to get a return on their money and also fulfill corporate social responsibility targets.
Prince Charles’ announcement of the new activity for BAT comes at a time when donors are increasingly recognizing the value of both a social and financial return on their investments. Women donors, in particular, may want to be alerted to this new venture impacting the lives of women and girls in South Asia.
Prince Charles referred to the new project as BAT’s “most ambitious to date.” As gender lens investing and gender lens grantmaking continue to evolve, we expect to see much more activity like this announcement from the Prince of Wales.
One of the largest public women’s foundations in the country is hosting a convening of leaders in Dallas to address the lack of gender equality in local government.
The Texas Women’s Foundation will host 60 women leaders from diverse backgrounds to work on getting more women elected to public office in Dallas County. On February 6, these leaders will come from many organizations we have talked about here at Philanthropy Women, including IGNITE, Vote Run Lead, and She Should Run.
All of these organizations are part of a larger network called ReflectUS. Reflect.US is a nonpartisan coalition of seven leading women’s organizations: Represent Women, She Should Run, Empowered Women, Women’s Public Leadership Network, IGNITE, Vote Run Lead and Latinas Represent.