Feminist Philanthropy Archives

How Trump’s Tax Policies Decreased Philanthropic Giving

According to the National Bureau of Economic Research (NBER) The Tax Cuts and Jobs Act (TCJA), signed into law in 2018 eliminated incentives for charitable giving for about 20% of US taxpayers.

One of the signature moves in the act was to increase the amount of the Standard Deduction to $25,000, which more or less doubled the threshold for itemizing deductions.

Taraji P. Henson has been given the AARP Purpose Prize. Read more below. (Image credit: Boris Lawrence Henson Foundation)

Overall, the reform decreased charitable giving by about $20 billion annually.

While many middle-class taxpayers give to charity such as a church, most are not able to give enough to put them over the threshold for itemizing deductions. In effect, the TCJA eliminated the incentive for making these donations. For middle-class taxpayers, this eliminated the incentive to give money to charity since these donations could no longer be used for itemized deductions from annual income tax payments.

Philanthropy Women and Kiersten Marek Featured in Time Magazine

In case anyone had doubts, Philanthropy Women is one of the world’s leading authorities on feminist giving. Time Magazine recently ran a story on the topic, and one of their major sources for the story was Kiersten Marek and the Philanthropy Women website.

Screenshot from Time Magazine, August 6th, 2024 edition.

The information presented in the opening paragraphs will be familiar to regular readers Philanthropy Women. The article cites both the World Bank and a McKinsey Report that have found that directing grants to women and girls can boost the overall world economy.

In addition, progressive-thinking countries like Sweden, Canada, and France have recently implemented feminist agendas to their giving in order to advance the cause of humanity.

New: Convicted Felon Trump Tries to Roll Back Climate Justice

Maya Angelou famously said: “When someone shows you who they are, believe them the first time.” She may not have been talking about Donald Trump, but the advice seems especially pertinent to him.

There is no distinction between social justice and climate justice. The poorest suffer from a deteriorating climate and the majority of those suffering are women. They are often women with children who do not have the means to relocate to a safer location.

Donald Trump has taken extreme positions on climate action both in the past and today. (Image credit: We Don’t Have Time)

We Don’t Have Time is the world’s largest media platform for climate action. The organization was created after the election of Trump in 2016. This event made it plain that world leaders were not going to take significant action that would even slow down climate degradation. “Trump digs coal” was a slogan and an election pitch that helped him get elected.

Institutional Shake-Up: WPI Names New Interim Director

Following the resignation of Director Jeannie Infante Sager, The Women’s Philanthropy Institute (WPI) has announced a new Interim Director.

Jacqueline Ackerman has been named to the role of Interim Director. Ackerman has been associated with WPI since 2012 and has held roles as Assistant and Associate Director of Research at WPI. Most recently, she served as Associate Director for WPI.

Outgoing Director of Women’s Philanthropy Institute, who recently participated in a webinar with Kiersten Marek and other women’s philanthropy experts. (Image credit: KLM)

‘Jaquie has been instrumental to the growth and evolution of WPI for close to a decade,” said outgoing director Jeannie Infante Sager. “[She has] led our research agenda, managed research reports and roll outs, served as primary author on many of our reports, and supervised grants and sponsorships. Her commitment to our mission and her enthusiasm for our work are evident, and I have no doubt that they will continue to make significant contributions women’s philanthropy.”

Federal Government Agency Latest Target of Assault on Diversity

In the past few weeks, the conservative crusade against affirmative action has widened its scope to include various levels of government.

Jill Biden recently announced funding for the White House Initiative on Women’s Health Research. More information on this new funding is below. (Image credit: AP)

The first is aimed directly at the federal government. A federal judge in Texas has ruled that the Minority Business Development Agency (MBDA) is guilty of discrimination. The agency was created during the Nixon administration fifty years ago to improve access to capital for minority-owned businesses. The judge, who was appointed by Trump, has ruled that such support is an illegal violation of the rights of all Americans.

Biden Helps Women, Fearless Fund Update, Little League Opens Grants

It should no longer be a secret that more than half of all college degrees are granted to women. This has been the trend for some time now. So when the Biden Administration announced the cancellation of student debt for approximately 153,000 borrowers, the math tells us that most of those benefiting are women. Finally, some good news.

According to the Fact Sheet released by the White House, a total of $1.2 billion in student debt will be forgiven.

Grants are now open for Girls with Game. See below. (Image credit: Little League)

To qualify, the borrower must be enrolled in the administration’s Saving on a Valuable Education (SAVE) program. The initial debt must be under $12,000, and the borrower must have been making payments for at least ten years. The SAVE plan bases payment amounts on income and family size.

WPI Webinar: Women’s Political Giving Will Surge in 2024

On January 30, 2024, the Womens’ Philanthropy Institute (WPI) of Indiana University hosted a webinar to look into a crystal ball and discuss what members of the giving community believe is coming our way in the coming year.

Jeannie Sager of WPI kicked off the conversation with a thorough review of relevant topics. (Image Credit: WPI)

The moderator was Jeannie Sager, Executive Director of WPI. Panelists included

Elizabeth Barajas Romắn, President and CEO of the Women’s Funding Network (WFN);
Latanya Mapp Frett, President and CEO of Rockefeller Philanthropy Advisors (RPA); and
Kiersten Marek, Founder and CEO of Philanthropy Women (PW)

To start, Jeannie Sager established five key trends as identified by research of WPI:

Announcing New Documentary Work from Audacious Women

Charlotte Mangin and Sandra Rattley have launched a new production company together named Audacious Women Productions. This new company follows the success of UNLADYLIKE2020. This award winning series has reached over 6 million viewers to date.

Among projects in progress for Audacious Women Productions is Augusta Savage. (Image credit: Audacious Women Productions)

With a mission to uncover and elevate untold narratives of diverse changemakers in bold new ways, Audacious Women Productions extends the impact of its documentary films through the design of multimedia educational resources, and film screenings and events across the country in partnership with community and national organizations. Charlotte and Sandy are thrilled to continue working together to bring inspiring, innovative, and timely stories to intergenerational audiences.

Where You Live Matters, and More Gender Lens Giving News

Not everyone has the luxury of being able to choose where we live. For most people, the decision often depends on employment: people relocate to a place with a better economy to find a job, or as a necessary step to start working at a new job. After college, I relocated from my home state of Michigan to Boston because the economy was much more robust. It has been my good fortune because the decision has worked out very well. While working remotely is not a universally available option, whether due to the nature of the work, like a nurse or a mechanic, it is easier to do and more widely available than ever before.

Lisa Pino is the new COO of Food for the Hungry (Image credit: Food for the Hungry)

And where we live has repercussions beyond the availability of jobs. Quality of life issues matter. Diversity, inclusion, and acceptance of lifestyle matter. Access to quality health care really matters. Health care includes reproductive rights and reproductive rights is more than being able to make your own decisions about your body. For example, how does your state of residence rank in terms of being a good place to have a baby?

Leadership Giving: Highlighting the Success of Women Leaders

The last couple of posts have had a focus on men and the difficulties they are supposedly facing. Let’s turn that around and focus on the success of women as leaders who stand up to their difficulties and manage to break out of the constraints they face and achieve some significant accomplishments. The first two below do just that.

Hypatia was the first great woman in science. (Image credit: Creative Commons 4.0 Attribution The Cosmic Companion)

One: Hypatia Capital

On the face of it, Hypatia Capital is an investment firm. However, the first two sentences of the mission statement very clearly indicate it is much more than that. It is an idea supported by concrete proof. Hypatia has created an ETF called WCEO. As the mission statement says:

Category: Feminist Philanthropy