Women’s Foundation of California Celebrates 40 Years of Social Change

On October 17th, 2019, the Women’s Foundation of California (WFoC) celebrated its fortieth anniversary with a major announcement: the organization pledged $40 million to gender justice, and began its groundbreaking campaign to raise the funds to facilitate another forty years of gender justice grantmaking.

Surina Khan, CEO of the WFoC, celebrates her 5-year anniversary as CEO alongside the Foundation’s 40th birthday. (Photo credit: Women’s Foundation of California)

Less than a month later, the WFoC is more than halfway to its goal of $40 million. This stunning fundraising effort is the result of a steadfast community of donors, supporters, and activists, which the Foundation has built over forty years of campaigning for social change.

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Finance Expert: Minimize Charity. Maximize Gender Lens Investing


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, the quicker we will move toward a better society.

Tracy Gray is the Founder of the 22 Fund, a growth equity investment firm that seeks to create more quality employment opportunities for women and people of color. (Photo credit: anitab.org)

“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.

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AWID Studies the Feminist Funding Ecosystem

This week’s essential reading for feminist givers comes from the Association for Women’s Rights in Development (AWID) with their report, Toward a Feminist Funding Ecosystem. The report helps to more clearly define the different types of funding that impact feminist movement-building, and makes recommendations for how to increase the most effective forms of funding.

AWID’s report, Toward a Feminist Funding Ecosystem, defines four main types of funding that impact feminist social change. (Image credit: AWID)

The report cites evidence that, “A remarkable – and disturbing – 99% of gender-related international aid fails to reach women’s rights and feminist organizations directly.” Instead, these funds end up being used by the development agencies that receive them, or get redistributed to mainstream organizations that are not associated with feminist movement builders.

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Helping Women Entrepreneurs Build Assets in Fresno, California

Jenny Flores, Head of Corporate Social Responsibility at Bank of the West

Editor’s Note: This Q&A is with Jenny Flores, Head of Corporate Social Responsibility for Bank of the West. Grameen America recently announced a new collaboration with Bank of the West, which is donating $2 million to assist with the launch of a new Grameen branch in Fresno, California.

What is the relationship between Bank of the West and Grameen? Does Bank of the West provide the funds and Grameen evaluate the loans and administer the program?

Building on a relationship started in 2017, Bank of the West made an initial $1.5M investment to provide lending capital to Grameen’s Bay Area, Los Angeles, and New York branches, helping to establish Bank of the West as one of Grameen’s key business partners in the U.S.

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How Women Will Shape The Great Wealth Transfer

Editor’s Note: The following essay is authored by Jenny Xia and Patrick Schmitt, Co-Founders of Free Will, an award-winning social venture with a mission of supporting world leaders in law, design, and philanthropy. To date, more than $850 million has been committed to nonprofit organizations through Free Will.

In the next two decades, an estimated $30 trillion will be inherited in the US as the large and prosperous Baby Boomer generation passes its wealth on to the next generation. This is the largest wealth transfer in human history, and may be the single greatest opportunity for philanthropy ever.

This demographic wave is beginning to thrust “planned giving”  and “bequests” (giving through wills, trusts, and a few other avenues) from the outskirts of mainstream philanthropy into the spotlight. 

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Investing in Gender Equity with a Better Tax Structure

Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.

Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”

Warren’s proposed tax structure might be the biggest boon yet for gender equality in the U.S. (Photo Credit: Wikimedia Commons)

“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.” 

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GameDev Culture Must Change: #MeToo Arrives at Gamer Event

The annual Women in Games European Conference kicked off in London on September 11, facilitating a conversation the games development industry has been itching to have since 2014.

Attendees at the Women in Games European Conference gather for two days of advocacy, discussion, and recognition. (Photo Credit: WIG European Conference)

Sexual harassment, assault, and unhealthy work environments for women, nonbinary individuals, and other marginalized communities are all far too common in gamedev. In recent years, allegations of harassment and assault have come to light, leading to major restructuring decisions from games industry giants like news sources Polygon and IGN, and developer Bethesda.

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New Microgrants Cultivate Collective Giving

Members of the co-design team working to grow the power and amplification of giving circles. (Photo credit: Catalist)

On August 20, 2019, an initiative to connect and catalyst the field of giving circles announced their intention to donate $32,000 to collective giving organizations. The funds, distributed in thirteen microgrants ranging from $500 to $5,000, will go toward circles and networks that “showcase, scale, strengthen, and sustain the field of collective giving. 

This initiative is born out of a yearlong co-design process spearheaded by the organizations Amplifier, Asian Women’s Giving Circle, Catalist, Community Investment Network, and Latino Community Foundation. 

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Gender Lens Experts: Women and Money Summit Coming Up Soon

Leaders in gender lens grantmaking and gender lens investing are convening in Austin, Texas on September 16 to 17, 2019.

The Women & Money Summit is less than a month away, so now is the time to reserve your seat. Feminist strategists Tuti B. Scott and Marianne Schnall are bringing together leaders from finance and social justice to finds ways to grow the synergy between gender lens investing and gender lens grantmaking.

On September 16-17, Women & Money: Making Money Moves that Matter is bringing these leader together in Austin, Texas to engage in strategic talks about how to accelerate progress for gender equality across finance and investing as well as social policy. The goal is to figure out what it will take to get more people aligned with donating, investing, and taking action for gender equality in all segments of society.

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Serena Williams Invests $3 Million in Reducing Maternal Mortality Rates

Serena Williams, world class athlete and founder of Serena Ventures, is helping to address critical health issues for pregnant women in America. (Photo credit: Serena Ventures)

After her daughter’s birth in 2017, tennis legend Serena Williams spoke out about her many postpartum complications. Williams experienced a traumatizing pulmonary embolism that forced her to undergo several surgeries after her initial C-section. The complications kept her in a hospital bed for a week after childbirth–and ruminating on the implications of her health issues for a lot longer than that. 

Although harrowing, Williams’ story is far from unusual. The U.S. has the highest maternal mortality rate in the developed world. In particular, the immediate postpartum period is considered especially high-risk, due in part to the widespread inaccessibility of adequate postpartum care for both psychological and physiological complications. 

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