On March 8th, Girls Who Code announced the biggest philanthropic commitment in their organization’s history — a $3 million endowment from Walmart. The funds will go toward Girls Who Code programs across the U.S., supporting girls and college-age women as they work to join the tech talent pipeline.
Founded in 2012, Girls Who Code is an organization dedicated to closing the gap between women and technology-focused careers. Through workshops, Summer Immersion Programs, clubs, and College Loops (networks for college-age women studying computer science), Girls Who Code connects girls in underserved areas with technology education.
Increasing women’s participation in portfolio management and executive leadership is key not just to the financial world, but society as a whole. Investment professionals are charged with making major decisions on behalf of venture capital and private equity firms, as well as managing funds invested in by corporations, governments, pension funds, endowments, foundations and non-profits.
One organization heavily involved in correcting this problem is Girls Who Invest (GWI). GWI aims to increase the number of women in asset management and finance, fields where females are highly underrepresented. To help in its efforts to recruit more young women into the fund-management pipeline, GWI recently received $1.5 million in funding from the venture capital and private-equity firm Vista Equity Partners.
Solidago Foundation might only have $5 million in assets, but you wouldn’t know it from their leadership among social justice funders, especially when it comes to supporting women at the grassroots.
“We are small, we don’t move a lot of dollars, but we move big ideas and are deeply committed to being in community in the arena where we hold our positional power,” said Sarah Christiansen, the Program Director for Environmental Justice and Inclusive Economy.
This outsized role is highly visible in the nascent funding for solidarity economy, an organizing framework that often overlaps with new economy, economic democracy, cooperative economy, and/or inclusive economy. It is characterized by economic initiatives and enterprises that are community-controlled, democratic, sustainable, committed to social and racial justice, mutualistic, cooperative, and respectful of diverse approaches.
“The deeper I get into impact investing, the more I’m persuaded,” says Ellen Remmer, Senior Partner at the Philanthropic Institute (TPI), after a 25 year career in finance and philanthropy. “Personally, when I changed advisors and started doing impact investing, it connected me to my money in new and different ways, and it was so much more interesting. I was always bored by [traditional investing]. Now it was interesting, because it was about social and environmental change.”
Remmer is part of a minority of women in our culture who has pursued her interest in impact investing to the point of actually doing it. While more women are finally moving into impact investing now, Remmer wants to add to that momentum and make sure they are equipped with knowledge and guidance to do impact investing well.
The new program — called Pre-G3: The Elsevier Foundation Data Analytics Preparatory Program for Girls — will introduce underserved and low-income girls to data analytics, boosting enrollment in Girls Inc.’s continuing high school courses “by improving [girls’] core skills and confidence in their ability to comprehend the lessons and succeed in the coursework.”
A massive backlog of untested rape kits has long plagued the criminal justice system and undermined efforts to foreground sexual assault as a major problem worthy of serious investigation. Sexual assault survivors and activists have estimated that around 250,000 rape kits remain untested.
Crucially, addressing the backlog isn’t just a matter of garnering convictions and getting sexual assault perpetrators off the streets though that’s certainly part of it. It’s also about justice for survivors, putting issues that disproportionately affect women at the fore, and achieving some degree of increased safety for women and girls. And feminist philanthropy efforts have a direct role to play in achieving all of these goals.
The Women’s Foundation of Minnesota has announced the retirement of Lee Roper-Batker as President and CEO, a big change for one of the largest and most influential women’s foundations in the country.
Effective January 3, 2020, Roper-Batker will step down, after leading the foundation for 18 years.
Her service to the sector is significant. Since becoming the foundation’s President and CEO in 2001, Roper-Batker has presided over a period of growth and expansion that included increasing the organization’s grantmaking by 840%. She also helped established groundbreaking programs to protect women and girls from sexual trafficking including MN Girls Are Not For Sale, launched in 2011, a prescient project that helped raise awareness about sexual abuse and trafficking of women and girls before the #MeToo movement.
When you think of San Francisco, the first thing to come to mind is probably the Golden Gate Bridge, or the picturesque houses lining multi-million-dollar streets. You likely don’t immediately think of the wealth disparity that Silicon Valley brought to the city’s families, or the racial tensions that still crop up in a “dark blue region of a blue state.”
San Francisco faces the same problems that plague any city of its size. But what if that could change?
The San Francisco Foundation recently announced that it is committing $50 million to “investments that are aligned with its mission to building inclusive prosperity and racial equity in and around San Francisco.” In other words, the Foundation is committing 6.3% of its $800 million endowment to investment opportunities that will be good for the city of San Francisco — and they’re looking to invest with women- and minority-owned asset managers.
One important role that the Women’s Philanthropy Institute plays is producing research that drills down on the data about women’s giving, adding more demographic detail, including race, to the picture of how and why women give.
In its most recent research, WPI has identified ways that donors differ across race, and ways they appear to behave in relatively similar fashion. All of this data points to the fact that philanthropy is growing more aware of its diversity, and funders and nonprofits would do well to find ways to maximize engagement with donors of all backgrounds. By doing so, philanthropy as a social domain can help recognize and empower donors from historically oppressed or marginalized groups.
Over the past few years, the #MeToo movement has brought to light the rampant issues of sexual harassment, abuse, and violence that plague many of our communities. Mainstream media has primarily focused on sexual violence and harassment in high-profile industries, such as entertainment, sports, journalism, higher education, and the corporate world.
But the populations most disproportionately affected by sexual violence and harassment are often the same ones that go underserved, both financially and by media coverage. These populations include women of color, trans and nonbinary women, women with disabilities and/or mental illnesses, immigrants and migrants, socioeconomically disadvantaged women, indigenous women, and incarcerated or formerly incarcerated women, among others. Many of these women work in industries where sexual violence is prevalent and often ignored, such as domestic work, restaurants, and hospitality. Workers in these industries often go without the labor protections that can serve as a partial buffer against sexual exploitation.