Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital, shares her expertise on the growing use of Donor Advised Funds by women’s funds and giving circles.
“There’s a time and place just for grants, and there’s a time and place for gender lens investing, but if you can find that sweet spot where they come together, that’s what gets me going,” says Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital.
For Pease, the two strategies of gender lens grantmaking and gender lens investing can play a complementary role, particularly when using the Donor Advised Fund (DAF) as an investment vehicle. For women’s funds and foundations, Pease sees an expanding use of DAFs to create new ways to reach women at all levels of society with resources to grow their power.
Staff of the National Abortion Federation joined Kathy LeMay to talk about the problems facing abortion providers in today’s increasingly hostile environment.
With the fight to keep abortion safe and legal increasingly under threat, fundraising expert Kathy LeMay of Raising Change recently hosted a webinar with leaders from the National Abortion Federation. The goal of the webinar was to help philanthropists take action to support the abortion providers, during increasingly hostile times for providing these vital services.
Kathy introduced the Very Reverend Katherine Ragsdale, former President of the Episcopal Divinity School and Interim President and CEO of the National Abortion Federation. (Longtime CEO of NAF, Vicki Saporta, who put in 23 years at the helm of NAF, announced her retirement this past year.)
Rachel’s Network Catalyst Award will provide $10,000 to up five women environmental leaders of color.
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.
The Catalyst 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.”
Linda Davis Taylor, CEO of Clifford Swan Investment Counselors, shares her vision of the growing influence of women in philanthropy and finance.
If there’s one thing Linda Davis Taylor thinks there’s too much of, it’s women taking concessions in salary negotiations. As the CEO and Chairman of Clifford Swan Investment Counselors, Taylor is calling on all women to create a culture where women ask for what they deserve at their jobs.
“I still hear so many women say they don’t know how to negotiate their salary, even women in top leadership positions,” said Taylor, in a recent interview with Philanthropy Women. She wants to see women get much more comfortable with having those difficult conversations that ensure equal pay and benefits for work at all levels and in all industries. She also wants to find more ways to ensure that “we start early enough in encouraging women to understand their role in salary negotiation.”
Take the Lead recently announced the launch of a new program to strengthen women’s leadership in journalism.
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.”
Billie Jean King, tennis legend and founder of the Women’s Sports Foundation, is pictured here with girl athletes. (Photo Credit: Women’s Sports Foundation)
National Girls and Women in Sports Day (NGWSD) is commemorated annually in the first week of February. According to its sponsor, the Women’s Sports Foundation (WSF), the day represents “a national observance celebrating the extraordinary achievements of girls and women in sports.”
The WNBA honored female athletes on February 6, and was one of many institutions noting the value of sport in fostering not just fitness and health in girls and women, but also self-confidence and leadership skills. “Lead Her Forward” was the 2019 NGWSD theme, and the Women’s Sports Foundation’s Deborah Antoine noted, “NGWSD is a great time to uplift these girls and women, along with the advocates using their platforms to inspire greatness in female athletes. We are also more committed than ever to protect Title IX, along with strong policies and safeguards for women in sports and all industries.”
Several marquee female athletes traveled to Capitol Hill to celebrate the day and advocate for women’s athletics. The contingent included WSF President and three-time Olympic bobsled medalist Elana Meyers Taylor, Paralympics swimming gold medalist Jessica Long, and World Rugby Hall of Famer Phaidra Knight.
The Capitol Hill visit focused on keeping Title IX strong, supporting a Senate bill to establish a commission on the state of the U.S. Olympic and Paralympic movement, and advocating for more sports and fitness opportunities for girls and women at all levels.
In addition to pressing legislators to improve funding for and access to sports for girls and women, the athletes also had a little play time at the George Washington University campus. Star athletes led elementary, middle and high school girls in multi-sport clinics, including Olympic ice hockey medalist Meghan Duggan, 1984 Olympic hurdles gold medalist Benita Fitzgerald Mosley, Paralympic basketball and alpine skiing gold medalist Alana Nichols, and three-time U.S. National Champion climber Sasha DiGiulian. Following the clinics, WSF President Meyers Taylor led discussions on Title IX, and shared her thoughts on athletic and leadership opportunities for girls after graduation.
“Access to sports and all the benefits they provide is critical for girls and women. Sports teach girls leadership, teamwork and confidence,” said Meyers Taylor. “National Girls & Women in Sports Day is a great time to reconnect with the girls and women we serve and call for a national push to support girls and women in sports.”
The Women’s Sports Foundation partners with the National Women’s Law Center, George Washington University, Girls Inc. and the President’s Council on Sports, Fitness and Nutrition in promoting the nationwide day dedicated to women’s athletics. NGWSD began in 1987 to bring national attention to the promise of girls and women in sports, and has since evolved into an event to acknowledge the accomplishments of female athletes, the positive influence of sports participation, and the continuing struggle for equality for women in sports.
The WSF is a 501(c)(3), and since its formation in 1974 by tennis legend Billie Jean King has advocated and organized to promote equal access to sports and physical activity for girls and women. While only a small fraction of athletes will play professionally or in top-tier college programs, engaging in sports and fitness activities improves mental and physical health throughout a lifetime. The WSF has relationships with more than 1,000 of the world’s elite female athletes, and has impacted the lives of more than three-million youth, high school and collegiate student-athletes.
The mission of the Women’s Sports Foundation “is dedicated to creating leaders by ensuring all girls access to sports.” There is no better example of this than its founder Billie Jean King, one of the premier female tennis players in history, and recipient of the Presidential Medal of Freedom in 2009. King was a pioneer on and off the court. She was a founding member of the Women’s Tennis Association, defeated Bobby Riggs in the 1973 “Battle of the Sexes” match (brilliantly captured in the eponymous 2017 movie with Emma Stone and Steve Carrel) and was designated one of Life Magazine’s “100 Most Important Americans of the 20th Century” in 1990. Exceptional on the court, King’s greatest legacy is no doubt the increased respect, visibility and compensation she gained for female tennis pros (and women athletes in general).
The WSF’s focus is not just on elite athletes, but also the benefits of sport for all girls and women. The WSF notes that it “distributes upwards of $10,000 per week from operating dollars to provide opportunities for socioeconomically underprivileged and inactive girls to participate in sports and physical activity.” The WSF has also been a powerful advocate for sports scholarships for women; scholarship money has increased from $100,000 in 1972 to over $1.8 billion across the National Collegiate Athletic Association (NCAA) today.
The WSF has fought for equal facilities and access to sports for girls and women, with major grant programs including GoGirlGo, which has gotten over one million girls physically active, and Sports 4 Life, which has targeted grass-roots sports opportunities for over 6,000 girls of color aged 11-18. The WSF has also given over 1,300 grants to champion athletes and teams to fund training and travel, and produced more than 40 studies on gender equity and sports.
Naturally, the WSF is a key supporter of “Title IX of the Education Amendments of 1972,” the legislation that while perhaps not leveling the playing field, at least allowed access to it. The WSF works with NCAA leadership, the Office of Civil Rights, coaches, parents and media in maintaining support for the law, which bars gender discrimination in education programs or activities that receive Federal financial assistance. The law states, “No person in the United States shall, on the basis of sex, be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any education program or activity receiving Federal financial assistance.”
Consequently, girls’ participation in K-12 and collegiate sports has dramatically increased since the 1970s. Still, the WSF notes that only one-quarter of girls get sufficient physical exercise, and there are persistent gender, socioeconomic and racial barriers to health and fitness. This is crucial, as in addition to obvious health benefits, physical activity improves body image over time, reducing depression, eating disorders, and other mental health difficulties. Sports are also key in developing discipline, teamwork, perseverance and leadership skills, valuable attributes on and off the field.
Rachel L. West of #MacroSW discusses how philanthropy can collaborate with social work to address systemic and structural problems.
Sometimes people misunderstand social workers as professionals who are not focused on impacting larger systems with their work. This mistake was brought home in philanthropy recently when the MacroSW collective, a group of social workers focused on larger social issues, had to correct the perception being given at the Nonprofit Quarterly that “You can’t social work this” as a way of saying “You can’t fix this problem with social work.”
The response from the MacroSW collective, entitled Why We Have to Social Work This, points out that many social workers commit their life’s work to addressing systemic and structural problems in society, providing leadership for policy, legislation, and community organizations. It’s called Macro Social Work — as in looking at the “macro” or bigger picture to find solutions to social problems.
Stephen Colbert recently hosted Bill and Melinda Gates to discuss “surprises” — the theme of their annual letter this year. (Image credit: Youtube)
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.
Women workers belonging to unions earn more money. How can feminist philanthropists support unionized women? (Image courtesy of National Nurses United.)
As I scour the internet in my never-ending quest to know more about feminist strategies in philanthropy, I don’t often come across union support as a primary strategy. It seems women workers as a cause is not often on the front burner of women donor activists’ minds.
The Ms. Foundation for Women does some work in this area with its support of the Miami Worker’s Center and the Restaurant Opportunity Centers United, but supporting unions like the American Federation of Teachers or National Nurses United does not appear to be a primary focus of most feminist philanthropy strategies.
Prince Charles announced the launch of a new $100 million fund to support women and girls in South Asia at Buckingham Palace. (Photo courtesy Clarendon House)
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.
