“The deeper I get into impact investing, the more I’m persuaded,” says Ellen Remmer, Senior Partner at the Philanthropic Institute (TPI), after a 25 year career in finance and philanthropy. “Personally, when I changed advisors and started doing impact investing, it connected me to my money in new and different ways, and it was so much more interesting. I was always bored by [traditional investing]. Now it was interesting, because it was about social and environmental change.”
Remmer is part of a minority of women in our culture who has pursued her interest in impact investing to the point of actually doing it. While more women are finally moving into impact investing now, Remmer wants to add to that momentum and make sure they are equipped with knowledge and guidance to do impact investing well.
The new program — called Pre-G3: The Elsevier Foundation Data Analytics Preparatory Program for Girls — will introduce underserved and low-income girls to data analytics, boosting enrollment in Girls Inc.’s continuing high school courses “by improving [girls’] core skills and confidence in their ability to comprehend the lessons and succeed in the coursework.”
The Women’s Foundation of Minnesota has announced the retirement of Lee Roper-Batker as President and CEO, a big change for one of the largest and most influential women’s foundations in the country.
Effective January 3, 2020, Roper-Batker will step down, after leading the foundation for 18 years.
Her service to the sector is significant. Since becoming the foundation’s President and CEO in 2001, Roper-Batker has presided over a period of growth and expansion that included increasing the organization’s grantmaking by 840%. She also helped established groundbreaking programs to protect women and girls from sexual trafficking including MN Girls Are Not For Sale, launched in 2011, a prescient project that helped raise awareness about sexual abuse and trafficking of women and girls before the #MeToo movement.
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.”