Gender Lens Investing Archives

I Get Knocked Down, But I Get Up Again: Philanthropy Women Lives On

Sometimes it seems like I’ve tried so many times and so many ways to reimagine Philanthropy Women into a place where it would have sustainability and the opportunity to grow in its capacity to move the needle on women’s rights. So, for many of you who have followed Philanthropy Women over the years, I want to share an update that clarifies where things stand now:

Kiersten Marek, MSW, MBA, still here, still feminist, get used to it.

I didn’t disappear.
I didn’t give up.
And I still believe more than ever in the power of women’s giving to drive real systems change — the kind of change the world needs most.

Like many independent media platforms, PW has experienced both tremendous growth and real structural challenges. Along the way, I’ve explored multiple paths, including potential partnerships that could expand its reach and deepen its impact. One such opportunity remains in limbo, having moved from conversations to a detailed proposal. While nothing is finalized yet, I remain hopeful that a strong forward path is emerging.

CARE’s Astonishing 900% Return on Investment for Global Women

CARE recently released the 2024 report of its Women’s Economic Justice (WEJ) team. Entitled Her Money Her Future, the report confirmed that women are both good investors and a good investment.

Savings group members in Malawi, part of the Digital CARE Package program
with Mudzi Wathu Village Bank. (Image credit: CARE Report, Her Money, Her Future)

While CARE is famous for its aid programs, outside resources alone will not end global poverty. That will require internal resources created by the people who need the help. Most often women who suffer disproportionately from endemic poverty. Therefore WEJ works directly with women to help them start and run their own business.

The report shows that the results have been spectacular. CARE’s savings groups generated $9 in women’s income for every $1 invested.

The Day Philanthropy Died: What Happened with Fearless Fund Ruling

As previously reported, the efforts, and perhaps the existence of the Fearless Fund have been the target of a lawsuit since July of 2023. We at Philanthropy Women have been tracking this case as it has significant ramifications for all marginalized populations receiving philanthropy dollars, including gender justice philanthropy.

On June 3, 2024, the U.S. Court of Appeals for the Eleventh Circuit issued a ruling that will prohibit the Fearless Fund from issuing its Strivers Grants. These are grants of $20,000 given to small businesses that have at least one woman of color in a leadership role.

Arian Simone, Co-founder and CEO of the Fearless fund described herself as “outraged” and said the fund is weighing its legal options going forward. They may take the case to the Supreme Court, or they could also take the route of taking the case to another district appellate court.

Dr. Janet Wormack is the New CFO and COO of The Steve Fund

Since women are both the primary producers and consumers of mental health services, it’s heartening to see women being elevated into positions of leadership and influence in this arena.

Dr. Janet Wormack, new Chief Financial and Operations Officer at The Steve Fund. (Image credit: The Steve Fund)

The Steve Fund announced the appointment of Dr. Janet Wormack as the organization’s new Chief Financial and Operations Officer. The Steve Fund is a leading nonprofit organization focused on promoting the mental health and emotional well-being of young people of color.

“Dr. Janet Wormack brings a wealth of experience in public and higher education administration to The Steve Fund,” said David McGhee, CEO of The Steve Fund.

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:

Leaders Fight for Feminist Giving in Congress with First-Ever Hill Day

“The power imbalance in philanthropy—often maintained by those without intimate knowledge of a community’s historical context, the needs on the ground, and the most urgent issues—spurs activists in marginalized communities, especially Black women and girls, to call for more input in determining what should be prioritized, how it should be funded, and who gets the money.” This is the opening paragraph of Feminist philanthropy: Dismantling silos and raising long-term funding (link).

Advocates at WFN’s first Hill Day included Monica Ramirez, Genisus Holland, Jocelyn Frye, Latanya Mapp-Frett and Fatima Goss-Graves. (Image credit: WFN)

Feminist giving, especially that focusing on women and girls, and especially women and girls of color, faces a dilemma. On one side, traditional philanthropic organizations are often hampered by a “white savior” mindset and scrutiny from the patriarchy; on the other, Black women face access issues, and are often not granted adequate trust to control large gifts.

Where You Live Matters, and More Gender Lens Giving News

Not everyone has the luxury of being able to choose where we live. For most people, the decision often depends on employment: people relocate to a place with a better economy to find a job, or as a necessary step to start working at a new job. After college, I relocated from my home state of Michigan to Boston because the economy was much more robust. It has been my good fortune because the decision has worked out very well. While working remotely is not a universally available option, whether due to the nature of the work, like a nurse or a mechanic, it is easier to do and more widely available than ever before.

Lisa Pino is the new COO of Food for the Hungry (Image credit: Food for the Hungry)

And where we live has repercussions beyond the availability of jobs. Quality of life issues matter. Diversity, inclusion, and acceptance of lifestyle matter. Access to quality health care really matters. Health care includes reproductive rights and reproductive rights is more than being able to make your own decisions about your body. For example, how does your state of residence rank in terms of being a good place to have a baby?

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:

New Labor Supply to Help Keep Philanthropy Women Running

Hello Feminist Giving friends! This week at Philanthropy Women brings some exciting news for us. As it turns out, a male ally to gender equality givers is retiring after 33 years as a business analyst, and he is going to be joining us as a writer at Philanthropy Women. This new writer and thinker will be adding fuel to our fire as the only funding news outlet in the world exclusively devoted to women. And who is this exciting addition to our team?

Philanthropy Women founder Kiersten Marek with her husband, Kevin Marek, who has retired after 33 years working in the business world. (Image credit: Kiersten Marek)

Why, it’s none other than my husband of over 25 years, Kevin Marek! As of May 26, he will be taking off the corporate shackles and rejoining the rest of the world to pursue all of his many interests and hobbies, and one of those interests is in being a male ally to the cause of gender equality.

Fighting the Tide of Women Being Taught Not to Love Themselves

Greetings and welcome to Philanthropy Women! It’s Kiersten Marek here, the founder and editor of PW. Today there are many new happenings I want to share with you from the feminist giving realm, but first I want to take a moment to acknowledge an issue that has caused difficulty for us as a publication: the phenomenon of feminist givers being taught not to love themselves, and to see funding news about their work as an indulgence.

feminist giving realm — Feminist Funded ’23 is now taking registrations for its next conference which will be in September 2023. (Image credit: Women’s Funding Network)

As women, broadly speaking, we are taught not to love ourselves, to discredit our own work, and to downplay our own accomplishments. One of the reasons I started Philanthropy Women was because I wanted to reverse that trend — to make it possible, and, dare I say, easy, to feel good about yourself as a funder of gender equality.

Category: Gender Lens Investing