Gender Equity Funding Archives

Cultural Breakthrough? Market for Women’s Art Growing Rapidly

According to Artmarket.com, 2023 was the most dynamic year in the history of the global art market. In the year ending December 31, 2023, over one million works of art in all media were put up for auction.

With three-quarters of a million individual transactions, the number of works sold set a record, an increase of 5% over the previous year.

The Ms. Foundation has added three new board members: Dr. Renée T. White, Mary Kathryn Nagle, and Kathy Ko Chin. Read below about these new leaders stepping up. (Image credit: Ms. Foundation)

Women artists were a key component for this growth. As Artmarket.com explains, they are finally being given the recognition and the place in the market they deserve. In particular, interest in, and appreciation for the women artists of the 20th Century have increased significantly.

Raising the Value of Communities by Investing in Girls of Color

Editor’s Note: Happy Juneteenth! In celebration, we are sharing the words of Dr. Monique Couvson, president and CEO of G4GC and the author of six books, including “Charisma’s Turn” (The New Press, 2023), a graphic novel about girls and their gifts.

As we navigate through this pivotal moment in history of rollbacks to civil rights, gender justice, and social progress, we are also seeing a generational transfer of wealth boosting women’s economic power and women taking bold measures to move capital into the hands of other women.

*Dr. Monique Couvson, president and CEO of G4GC* (Image credit: G4GC)

While we recognize and applaud how women are poised to shape a new type of philanthropy, it is imperative that in this effort girls —and in particular girls and gender-expansive youth of color, receive a robust and intentional investment. These young people are at the forefront of all social justice movements, and yet their contributions go overlooked and erased. As we move funds to women-serving organizations, we must also move money explicitly to organizations that center and are led by girls of color. That is how we can combat the erasure of Black girls and girls of color, and create opportunities for their courageous activism and leadership to thrive.

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.

Bankers, Investors File Amicus Briefs as Fearless Fund Lives Up to Name

Over the past few months we have been reporting on the Fearless Fund. This is a venture capital fund that seeks out businesses led by women of color and provides pre-seed, seed-level, or Series A financing. 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.”

Image credit: Fearless Fund on Instagram

Our last story on the Fearless Fund ran on 10/30/23, and reported that the Fearless Fund was ordered by the 11th Circuit Court in Atlanta to suspend its Strivers Grant contest which awards $20,000 to small businesses that have at least one woman of color in a leadership role. The court ruled that considering applications only from women of color constitutes racial discrimination.

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.

It’s Official: Amplify Her Foundation Has Launched

The Amplify Her^® Foundation, a new private grantmaking foundation created to support the economic and social advancement of women changemakers from under-invested communities in New York City, held an official launch celebration. The foundation will also release “If She Can Make it Here,” a comprehensive research report that identifies the most significant barriers faced by women and girls from underserved communities in the city and interventions to help them overcome those obstacles and meet their full leadership potential.

The Amplify Her Foundation has launched to provide more funding for women and girls. (Image credit: Amplify Her Foundation)

“After years of working to advance women in the public, nonprofit and political arenas, what consistently stood out to me was the dearth of funding and support specifically for nonprofit organizations serving women and girls. Women and girls face unique challenges and yet funding is rarely tailored to their needs…” —Marti Speranza Wong, Amplify Her Foundation founder, executive director and board chair.

To The Surprise of No One, UN Report Finds World Failing Women and Girls

The United Nations (UN) set a goal of achieving gender equity by 2030. A new report indicates meeting this goal will be impossible due to deeply rooted biases against women around the world in heath, education, employment and the halls of power, the United Nations said.

The report paints a grim picture of the gender gap, and the ‘lacklustre commitment’ globally to equality for women. It was noted that funding for programmes promoting gender equality and female empowerment globally is ‘inadequate, unpredictable and inconsistently distributed’

“The world is failing women and girls,” UN Women, the agency promoting gender equality, and the UN Department of Economic and Social Affairs said in “The Gender Snapshot 2023” report.

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.

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:

Esports, Motorsports, Meteorology: More New Gender Lens Funding

For the better part of a decade, Philanthropy Women has provided unique content and special insights into the world of feminism in general and feminist giving in particular. As a man, I am too often horrified by the way women’s contributions in so many fields are belittled or simply ignored. I’ve been enormously proud of the work that Philanthropy Women has done over the years to provide journalism about the efforts and accomplishments of women in so many different endeavors. Please help us keep up the good work by subscribing. It doesn’t cost much, less than $10 per month, the price of 2 or 3 coffees. Unity is strength.

INDIANAPOLIS, IN – MAY 19: Danica Patrick during qualifying for the Indianapolis 500 race at the Indianapolis Motor Speedway on May19, 2018 in Indianapolis, Indiana. (Photo by Jonathan Ferrey/Getty Images)

On a slightly different angle, I’ve started reading a book called “Of Boys and Men”by Richard V. Reeves of the Brookings Institute. I ran across a reference to it in the Washington Post, and it piqued my curiosity. As you may be aware, there has been a caterwauling of complaints about the problems men and boys face in these troubled times. Reeves wrote the book as an attempt to uncover the reasons for these difficulties. I’m about halfway through, so I will provide some comments on the book and its thesis in my next post. For the time being, let’s just say that Reeves presents an interesting case, but I’m not sure it’s the case he intended to present.

Category: Gender Equity Funding