In the wake of the pandemic, the Chicago Foundation for Women (CFW) has launched SHEcovery to support women of color in the workforce.
Decades of hard-fought gender equity progress have vanished over the past 18 months as women have been pushed out of the workforce in record numbers due to COVID-19 while taking on increased childcare and caregiving responsibilities. To address these challenges head-on, Chicago Foundation for Women (CFW) today announced SHEcovery™ – a commitment from the Foundation to fund, support, and build a more equitable system that supports Women of Color.
Women’s health is the cornerstone of all healthy communities. The collection speaks to the brand’s core mission to elevate women and inspire change, encouraging women to focus on their own health and take care of each other so that no one is neglected. Unfortunately, due to gender and racial bias in medicine, women are less likely to have pain treated, symptoms taken seriously, or be given a diagnosis, all of which can have serious implications.
The Women’s Philanthropy Institute (WPI) has launched a new initiative to honor black women and their contributions to philanthropy.
On August 31st, the Women’s Philanthropy Institute (WPI), part of the Indiana University Lilly Family School of Philanthropy, announced the honorees of the Black Women Give Back List, a new initiative to spotlight the important work and contributions of Black women philanthropists. Created in partnership with The Women Invested to Save the Earth (WISE) Fund, the backbone organization for Black Philanthropy Month, the list spotlights 10 outstanding Black women philanthropists from diverse backgrounds who use their time, talent, treasure, testimony and ties to make the world a better place.
Editor’s Note: This article was originally published on November 10, 2019.
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 through gender lens investing, 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 article was originally published on February 17, 2021.
When it comes to maximizing our financial impact, there is often an “either/or” approach to leveraging wealth. Do we use our dollars to fund a philanthropic effort, like a campaign or organization dedicated to women and girls, or do we turn our funds toward investment opportunities, like supporting companies with a strong commitment to diversity?
As new forms of giving spring up to meet the challenges — and opportunities — of a digital society, we are able to move further away from that attitude of “either/or.” There are ways to stretch our donor dollars further — through two types of collectives that maximize impact.
Editor’s Note: This interview in our Feminist Giving IRL series features Shayna Hetzel, Community and Social Impact Investment Director at the American Family Insurance Institute for Corporate and Social Impact.
1. What do you wish you had known when you started out in your profession?
My greatest professional challenges, opportunities and successes have been rooted in unapologetic aspirations, insightful mentors and the brilliance of a team. I wish I had known early on how to set better boundaries and ask for help more often, because I have found that boundaries and help are leverage points for productivity, engagement and inclusion. And, fundamentally, community-based, purpose-driven work only gets stronger and bolder with focused, diverse and inclusive contributions. Asking for help not only builds in resilience and wellness for the individual. It also increases team capacity, levels up organizational competencies, and builds a more diverse and inclusive point of view.
Synchrony has announced its commitment of $15 million to venture capital funds prioritizing the support of women of color.
Synchrony, a premier consumer financial services company, today announced it will commit $15 million to venture capital funds led by Black, Latinx, and female investing partners. The first funds selected to receive money include Chingona Ventures, Seae Ventures, and Zeal Capital Partners – they support early stage startups across the fintech, healthcare, and future of work sectors. Additional funds may be included at a later date. The move builds on Synchrony’s commitment to support minority and women entrepreneurs and underrepresented communities, while also advancing Synchrony Ventures’ direct investment strategy to accelerate growth and innovation for Synchrony, its partners, and consumers.
Grameen America, a non-profit organization providing microloans and financial opportunities to low-income women entrepreneurs, recently announced its new Elevating Black Women Entrepreneurs initiative. By 2030, Grameen America plans to lend $1.3 billion to 80,000 Black women entrepreneurs with this new initiative.
Based on their track record of over $1.9 billion provided to over 136,000 low-income women already, they’ll reach this new goal and continue leading the way in shifting the racially charged financial situation in the US today. Basically, Grameen America’s Elevating Black Women Entrepreneurs initiative saw the estimated 1.4 million Black women entrepreneurs experiencing “systemic lack of access to affordable credit and capital” and are doing something about it.
On Thursday, May 20th, the Philanthropy Women staff teamed up with Roslyn Dawson Thompson and Rehana Nathoo to discuss the importance of gender lens investing: what it is, how it works, and why we should focus our efforts on it.
Guests Rehana Nathoo, Founder and CEO of Spectrum Impact, and Roslyn Dawson Thompson, President and CEO of Texas Women’s Foundation, discussed gender-lens investing with Philanthropy Women’s Editor-in-Chief, Kiersten Marek.
The conversation opened with a welcome to the day’s speakers and attendees, as well as a general thanks to Invest for Better for facilitating our conversation with Rehana and Roslyn. Citing the male-dominated nature of finance and corporate life, Kiersten shared her experiences in investing in a gender lens Exchange Traded Fund (EFT) called SHE.
What do you wish you had known when you started out in your profession?
So many things. There isn’t enough room. I wish I had known that it was going to be a long and winding road and that, looking back, it would all make sense and would be so much fun!
2. What is your current greatest professional challenge?
My greatest professional challenge is that there aren’t enough hours in the day to engage with all of the wonderful teams doing amazing work to advance our communities, both for profit and not for profit. We are constantly trying to think about balancing strategic long-term initiatives with short-term needs, given that this pandemic has illuminated so many deep issues around economic and health disparities.