The Texas Women’s Foundation (TWF) recently announced that 100 percent of its $36 million dollars in financial assets are now invested in a “gendered impact” portfolio.
The gender impact strategy seeks a strong return on investment while having the investment itself—and not just the return that accrues to Texas Women’s Foundation—benefit women and girls. This approach makes TWF the first and only women’s fund or foundation to move all of its financial assets—which include endowments, operating investments and donor-advised funds—into gendered impact.
“We hope that we can inspire others to become part of what is now a global movement around impact investing,” says Roslyn Dawson Thompson, Texas Women’s Foundation president and CEO. “Specifically for women’s funds and foundations, we can demonstrate how, by mission-aligning 100% of our assets with our philanthropy, we can powerfully accelerate the change we seek in the world.”
Imagine that you had lived your life up to this point never experiencing the internet. No smart phones, no online recipes, no Google searches or social media.
How much would your life change if, one day, you were connected to the online world?
The potential uses of internet access are abundant: education, job training, medical resources, advancements in farming and agriculture, communication with people across the world, all available at the touch of a button. For many communities, however, that online world is something out of science fiction. Women, children, and entire societies fly under the radar of education and international support simply because they live without access to the world’s information superhighway.
Editor’s Note: This interview in our Feminist Giving IRL series features Maricella Herrera, vice president of Operations and Strategy at Ellevate Network, “a community of professional women committed to helping each other succeed.”
What do you wish you had known when you started out in your profession?
When I first started out, I thought my career was already laid out for me; I was going into my first job at a bank, I would rise in the ranks, get more responsibility, go to business school, go back to finance and keep going until I retired. It was what was expected. I never really understood that to be completely happy, I needed to find something that didn’t just intellectually stimulate me, but that resonated with my values. I didn’t know you could build a career in an area that was about doing good. When I first started out, social enterprises were nascent. Not many people were thinking about them. I wish I had known I could find my passion and what I’m good at in one place, and that it wouldn’t necessarily be what everyone else thought I was supposed to be doing, and that that was ok. My background is in business and finance, so knowing I can use those skills to make a difference in the world is exciting.
Today, we want to believe we are so connected and empowered as women, and yet, Jennifer Schlecht was not connected enough to be protected from the brutal murder of herself and her precious daughter at the hands of her husband. We got many times the average number of page views for this post. Ariel Dougherty did an excellent job of combining resources and analysis in the piece, but the fact that it got so many page views also suggests that this story was vastly under-reported in the mainstream news. While I’m proud to hold up the banner and call attention to this terrible domestic violence tragedy, I also urge other publishers and news outlets to take up the discussion of domestic violence by publishing articles about victims like Jennifer Schlecht, so that we can find more solutions that address violence against women.
This post also got a much higher number of page views than most of our posts. It seemed to hit a nerve, with several commenters dissenting from my opinion that MacKenzie Bezos may have deserved more. It’s an important question that needs further exploration from funders: how to ensure that women are adequately compensated in divorce. The Bezos divorce could have produced billions and billions more for philanthropy, had the financial settlement been a more 50/50 arrangement. In any case, it got people talking, and paying attention to, the philanthropy of MacKenzie Bezos.
With women’s reproductive rights being stolen away in parts of the country, it was heartening to report on Rhode Island’s successful passage of protections for access to reproductive health care. We hope this article provides a template that other states can consider as they find ways to protect a woman’s right to choose.
The lack of women in media was a major topic this past year, with films including This Changes Everything showcasing the data that proves that women continue to lack employment in and coverage by all forms of media. Laura Dorwart’s piece on The Women’s Media Center’s research and its ongoing fight to call attention to this problem did its job: it got seen by lots of eyeballs, and hopefully added to the momentum to actually do something about this problem.
This piece on Paypal’s research on women’s giving patterns also had a very high page view rate, with lots of shares on social media as well. People are drawn to knowing more about the curious fact that women have less to give, and yet manage to give more than men. Bottom line: more research like this needs to happen, so we can begin to understand the way that gender and philanthropy relate to each other and influence social change.
One of the most important conferences this past year was WFN’s September conference in San Francisco. So many amazing leaders attended, and the speakers and workshops provided for a deep and purposeful convergence of women givers and their allies.
Women Moving Millions continues to show itself as an organization with great passion for moving the needle on gender equality. This interview by our Senior Writer Maggie May with WMM’s new Executive Director, Sarah Haacke Byrd, helps to drill down on how this network is refashioning itself to train a cadre of feminist givers who know the strategies for high impact.
Another post that saw a high rate of page views was our piece on the Culture Change Fund, spearheaded by the Women’s Foundation of California. This cross-sector collaboration of corporate, private, and public foundations was a story of great interest to our readers, many of whom are working at different levels to build stakeholder alliances for gender equality movements.
CARE RECEIVES COMMITMENT OF NEARLY $7M FROM THE ARTHUR M. BLANK FAMILY FOUNDATION
The organization dedicated to fighting global poverty by empowering women and girls partners with Atlanta family foundation to invest in communities and save lives
(Atlanta, GA) On November 14, 2019, CARE announced a three-year $6.8M grant from The Arthur M. Blank Family Foundation to support international programs that foster economic development, influence policy change, and provide humanitarian aid for people affected by natural and man-made disasters. The partnership marks the first strategic international expansion of The Arthur M. Blank Family Foundation’s philanthropic efforts, which promote positive change in peoples’ lives and build and enhance the communities in which they live.
December 9, 2019 — The Coca-Cola Company is marking its 100th anniversary as a public company today with a $1 million grant to Girls Who Invest from The Coca-Cola Foundation.
Girls Who Invest (GWI) is a non-profit organization dedicated to promoting diversity and inclusion in investment management, with a specific focus on increasing the pipeline of women entering the industry in frontline investing and leadership positions.
The grant will provide scholarships for approximately 40 women at U.S. colleges and universities to explore careers in investment management by participating in rigorous, four-week on-campus training programs at the University of Pennsylvania, the University of Notre Dame or the UCLA Anderson School of Management.
The academic program is followed by a six-week paid internship at one of GWI’s more than 100 partner investment management firms in the United States, Canada and the United Kingdom, during which scholars work alongside investment management teams.
2020 is gearing up to be a landmark election year. The American Presidential election is well underway, and new faces and standing politicians alike are finding ways to come together on issues surrounding women’s rights, LGBTQIA+ rights, climate change, and the economy.
A pioneer of online activism and a self-described “unapologetic feminist,” Fine is an author, a social change thought leader, and the founder of the Network of Elected Women (NEW), which connects women who hold local office around the country. She has also served as chair of the national board of NARAL Pro-Choice America Foundation, as well as the president of her synagogue, Temple Beth Abraham.
Tracy Gray has something important to tell women about their philanthropy: do less of it. It’s not the usual message that donors get from the world, and it’s not the usual message here at Philanthropy Women, either. But the context of this message comes from Gray’s conviction that the quicker we grow women’s wealth, the quicker we will move toward a better society.
“Take some of your money out of charity and put it into women-owned or women-led businesses,” Gray advised women donors, in a recent phone chat with Philanthropy Women.
Editor’s Note: The following essay is authored by Jenny Xia and Patrick Schmitt, Co-Founders of Free Will, an award-winning social venture with a mission of supporting world leaders in law, design, and philanthropy.To date, more than $850 million has been committed to nonprofit organizations through Free Will.
In the next two decades, an estimated $30 trillion will be inherited in the US as the large and prosperous Baby Boomer generation passes its wealth on to the next generation. This is the largest wealth transfer in human history, and may be the single greatest opportunity for philanthropy ever.
This demographic wave is beginning to thrust “planned giving” and “bequests” (giving through wills, trusts, and a few other avenues) from the outskirts of mainstream philanthropy into the spotlight.
Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.
Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”
“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.”