One of the things I love about Ellevate Network is the way they are bringing together authority, autonomy, and agency in order to grow gender equality movements. Sallie Krawcheck comes with the authority in finance, she has now launched Ellevate which gives her vision more autonomy, and today Ellevate is taking a big step to increase the agency of gender equality movements by hosting its first-ever summit to mobilize gender equality movements.
Today, Grantmakers for Girls of Color will hold its second annual convening, with more than 125 funders meeting in New York for a day-long dialogue about girls of color and safety.
Grantmakers for Girls of Color (GGOC) is an unprecedented collaboration of philanthropic funders that are particularly focused on challenges faced by girls of color.
From the press release:
At the convening we will learn how girls of color are most impacted by interpersonal and state violence and how movements are responding. Together, this is a chance for funders to focus on intersecting safety concerns facing girls of color, as prioritized by those leading movements, and to explore how we can best support efforts working to create safety.
Because of the importance of addressing climate change for women worldwide (as well as for all other manner of human and other species), it is important to take note of the economic activity that other countries are poised to engage in as a result of the Paris Accord. It’s also important to note how the U.S. will miss out on these economic opportunities because of our current poor (and non-representative) presidential leadership.
Recently, a new international commission formed to encourage more businesses to see the sustainable development goals as a smart business move — one that will generate an estimated $5 trillion and 230 million jobs in Asia alone by 2030.
Since its launch in May of 2016, I have started following Ellevate Network on my Twitter feed, and I am always impressed by the quality of their material on both gender equality and gender lens investing. Now, the new startup that aims to capture the $11 trillion women’s investing market, is holding a conference in June to activate gender equality movements. Sallie Krawcheck, the architect and founder of Ellevest, came to my attention last spring when I was creating a list of 9 Gender Lens Investors to Know About.
The world of gender lens investing has yet to be even marginally explored for all its potential, especially given that only 1.1% of assets under management in the asset industry are controlled by women and minorities.
That’s why it’s exciting to learn that the Women’s Fund of Rhode Island is hosting an event on June 7, 2017 featuring Jackie VanderBrug, gender lens investing expert. I featured Jackie VanderBrug in my list of 9 leaders to know in gender lens investing. Here is my capsule on her:
Fidelity Charitable has come out with a new report on trends in women’s giving, and it is definitely food for thought for anyone in the women’s philanthropy field.
The report delves into generational differences in giving between Millennial women and Boomer women.
Before talking about the report’s findings, I want to draw attention to the methodology, so we know specifically who we are talking about when we talk about Millennials and Baby Boomers. The report used survey data from Millennials, which they defined as women age 17 to 37, and Baby Boomers, which they defined as women age 51 to 71. So women in the 37 to 51 range (like me!) are not being talked about in the report.
Of the $71.4 trillion dollars controlled by the asset management industry, only 1.1 percent of total assets under management are with firms owned by women and minorities.
You heard that right. Although the number of firms that are women- or minority-owned can range from 3 to 9% across the four different asset categories in the industry, assets controlled by those firms account for only 1.1% of all assets under management.
A press release from the Knight Foundation, which commissioned the study, states that this is the most in-depth study to date about ownership diversity in asset management. Additional analysis revealed that the 1.1% managed by women and minorities had no difference in performance from the 98.9% non-diverse asset management industry.
Things are really coming together for women’s funds and gender lens investing, as this new report details.
The new report is written by Joy Anderson, President and Founder of Criterion Institute, Ms. Foundation President Teresa Younger, and Elizabeth Schaffer, Chief Operating Officer of the Global Fund for Women.
I have not read the report in total yet, but from my first foray in, I am really excited to see how these advanced thinkers and leaders are putting ideas together and finding new synergy for social change and finance. This is powerful stuff!
The following letter is from a new coalition of gender equality organizations called WomenForward. They are a diverse group, encompassing direct service nonprofits as well as global mentoring networks, and more. The coalition was launched earlier this month by The PIMCO Foundation, a corporate donor from the financial sector.
These kinds of connections are one of the strengths of women’s philanthropy — being able to build broad-based coalitions that cut across multiple sectors to find a shared agenda. Check out the letter, and make sure to visit some of the organization’s websites, to get a sense of all the good that is happening out there in the world, despite the many challenges for women in our economy and culture.
Open Letter from WomenForward Coalition LeadersDear Changemakers,We write to you as a network for change – as 12 nonprofits and one funder – intent on empowering and advancing girls and women around the world. Our group is tearing down barriers to education for young women in post-conflict and developing countries; combatting rape culture by empowering survivors; championing girls’ voices by providing mentors; helping low-income and immigrant women launch new careers and start or scale new businesses; and so much more. Achieving gender equality can’t be done just by eradicating violence against women,preventing early and forced marriage,or ensuring that women have the same access to educational and financial resources as men. Achieving true gender equality means tackling a host of complex issues, many deeply ingrained societal barriers that prevent progress. Itrequires a dedicated global partnership that brings together governments, civil society, and the private sector.How can you help? Join us. Put your dollars to work! Support organizations that build sustainable opportunities for women and girls in the U.S. and globally. Shop merchants likeMercado Global,Nomi Network,Plum Alley,Same Sky,Shopping for a Change, Hot Bread Kitchen andThistle Farms. Your purchasing power can offer on-the-job training, provide employment, and fund community improvement projects for women.Get involved. Consider investing (using your time or money) with a gender lens. Additional partners who support sustainable efforts are: Callisto,Figure Skating in Harlem,Girls Write Now,Global AIDS Interfaith Alliance (GAIA),Plan International USA,Rising Tide Capital,SHE-CAN,Sustainable Health Enterprises (SHE), andTrickle Up. We are all looking for champions to help us further our respective and collective missions.Use your voice to advocate. Mentor, speak up for your vulnerable neighbor, share stories of hope or action, and advocate for women’s rights and opportunities through research, policy platforms, and communications with your elected officials. Consider finding a friend or 12 friends like we did; you can connect and conspire for good, together, and really amplify your voice. Your voice, whether written or spoken, is a symbol of your leadership.Use your mouse. If you do nothing else, learn more about us and visit our websites (hyperlinked below). Or follow us on social media. With a few clicks, you can make quite an impact. We’ve seen just how women can come together around the world to advocate for their rights. Let’s harness the power of women working together. Please join us to unlock the potential of women around the world as we tear down the walls standing in the way of full economic, social, and political inclusion. We’ve acknowledged the challenges, we’ve prepared the actions we need to take to right the wrongs, and so let’s get out there and do it: now.Signed by: CallistoFigure Skating in HarlemGirls Write NowGlobal AIDS Interfaith Alliance (GAIA)Hot Bread KitchenMercado GlobalPlan International USARising Tide CapitalSHE-CANSustainable Health Enterprises (SHE)Thistle FarmsTrickle UpThe PIMCO Foundation
Philanthropists and for-profit investors are increasingly using a gender lens to screen opportunities for funding social change as awareness of the need continues to grow. Funders now take it for granted that empowering women is a linchpin of global advancement. Yet report cards marking the 20th anniversary of the passage of the landmark Beijing Declaration and Platform for Action in 1995—a blueprint created by 189 governments for advancing women’s rights in 12 areas—show that progress toward gender equality has been painfully slow.