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.

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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:

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Attack on Fearless Fund Goes National in Time and Newsweek

As we reported both in October and December of 2023, the good work of the  Fearless Fund has come under attack from right-wing extremists. The American ​​Alliance for Equal Rights (AAER) which is led by anti-affirmative activist Edward Blum, is the same conservative organization that convinced the Supreme Court to reject affirmative action criteria for college admissions in June 2023.

(Image credit: Fearless Fund)

Since the Supreme Court decision, AAER has expanded its scope to target seemingly all efforts to promote social justice and equity. The Fearless Fund is a venture capital fund that provides pre-seed, seed-level, or Series A financing to businesses led by women of color. As their website states, “Our mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies.” 

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Climate Gender Equity Fund Debuts with First Grants in Africa

The Climate Gender Equity Fund (CGEF) is a public-private partnership focused on catalyzing gender equity in climate finance. A year after launching, CGEF has announced the first cohort of women-led organizations selected to receive grants, each of which is focused on advancing gender-equitable climate action in Africa.

Women participate in Clean Tech Hub’s incubation program. (Image credit: Amazon news)

The three organizations selected include:

  • The Clean Technology Hub, a women-led acceleration hub in Nigeria that is scaling new climate technologies; 
  • WomanHub, an accelerator in South Africa that supports female science, technology, engineering, and math (STEM) business founders; and 
  • M-Kayla Ventures, an incubator in Kenya that focuses on women entrepreneurs working on climate-smart agriculture solutions.

The founding members of CGEF include USAID, Amazon, Reckitt, Visa Foundation, and The UPS Foundation. Combined, they have committed $20 million to the fund; in addition, USAID announced an additional $5 million during the COP28 climate change conference. 

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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.

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Leah Hendrix-Hunt and Family Featured in New Yorker

At Philanthropy Women, we pride ourselves on being able to stay ahead of the curve in recognizing ideas, discovering significant trends, and identifying the people who make these things happen. We are pleased to note that the The New Yorker is now following our lead. Several years ago, PW ran an interview with Leah Hunt-Hendrix. As a reminder, Hunt-Hendrix is a scion of Hunt Oil, founded by her maternal grandfather. 

Dr. KimberlĂ© Crenshaw’s book, “#SayHerName: Black Women’s Stories of State Violence and Public Silence” was recently released. More details below. (Image credit: #SayHerName)

The August issue of The New Yorker ran a story that touches on many of the issues discussed on these pages. Attached below is a link to the interview with Leah that PW published previously. Our interview focused more on the hard news angle, discussing her foundation, Solidaire, and the work it does while the New Yorker article is a bit more chatty, with anecdotes of her family, social status, and the problems presented by being a progressive who happens to be the heir to an oil fortune.  

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Women and Girls Continue to be Underfunded by Philanthropy

Women and girls represent more than half of the population of the United States. Despite this, charitable giving to organizations serving them represents less than 2% of all philanthropic activity in the U.S. This is according to a new report published Wednesday, October 11 – the International Day of the Girl.  

As a percentage of all giving, giving for women and girls decreased in 2020, despite much public discussion about the need to fund women and girls in COVID. (Image credit: WGI)

The Women & Girls Index (WGI), released by the Women’s Philanthropy Institute at the Indiana University Lilly Family School of Philanthropy, finds that while charitable giving to women’s and girls’ organizations in the U.S. increased by 9.2% in 2020, growth of support for women and girls was lower than the rate of growth in overall charitable giving in 2020 (11.3%), even though the COVID-19 pandemic disproportionately impacted women and girls in myriad ways. 

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Once Again, A Highly Qualified Woman of Color is Pushed Aside

On September 5, Rhode Island held a special primary election to select the candidates to replace David Cicilline, who resigned as US Representative for USC District 1. The field for the Democratic candidate was crowded with 12 names on the ballot. Due to the deep Blue color of RI politics, the Democratic candidate, whoever was selected, was considered the odds-on favorite to win in the Special General Election in November.

Gabe Amo, Democratic Nominee for Congress (Image credit: Gabe for Congress)

As of June, Sabina Matos, the current Lt Governor, was leading comfortably with polling numbers surpassing 20% of the electorate. Matos is the first Dominican American elected to statewide office in the country and the first Black woman to hold statewide office in Rhode Island. She was supported by the campaign arm of the Congressional Hispanic Caucus.

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Ellen Burstyn’s Lasting Legacy as a Philanthropist for the Art of Acting

Ellen Burstyn has attained the pinnacle of success in the entertainment world. She has received numerous accolades including an Academy Award, a Tony Award, and two Primetime Emmy Awards. She is one of only 24 people who have won all three awards, known as the “Triple Crown” of acting.

Ellen Burstyn (Image credit: Marco Grub)

And Ellen Burstyn is also a philanthropist. Her most lasting legacy may not be so much about what awards what she has gotten, but what she has given back. Burstyn has been a member of the Actors Studio in New York City for most of her life and has been a co-president of the Actors Studio for over twenty years. She was instrumental in founding the Actors Studio Master’s program, an MFA degree track (currently hosted at Pace University) that offers tracks in Acting, Directing, and Playwriting for promising young artists.

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The Significance of Philanthropic Collectives for Black Women

To commemorate Black Philanthropy Month, let’s consider this: Of the $4.8 billion in philanthropic investments made in the south, less than one percent of that amount goes to Black women and girls. This is traditionally one of the most underserved populations in the south.

Southern Black Girls is an important philanthropic collective. (Image credit: Southern Black Girls)

This statistic is VERY disappointing. Southern Black Girls is a collective of Black women in philanthropy and they have made it their highest priority to disrupt the way philanthropy is done in the south. Their goal is to help change the status quo.

Southern Black Girls has been on a mission to raise $100 million over the next decade to financially empower the goals and dreams of Black girls and women across the south. Their signature giving vehicles – the Black Girl Dream Fund and the #BlackGirlJoyChallenge are starting to make those goals and dreams a reality.

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