Get in on The Power of Us: Women Moving Millions 2020 Summit

On September 10th and 11th, 2020, Women Moving Millions holds its annual summit. The 2020 theme–The Power of Us–has particular resonance in a year blighted by pandemic, recession, and political struggle, and speaks to the ways we can do so much more when we work together.

Image Credit: Women Moving Millions (Facebook)

The two-day virtual event offers sessions for WMM members only on September 10th, followed by an action-packed day open to invited non-members and prospects on September 11th. What’s more–the event is completely free!

Sponsored by the Bill & Melinda Gates Foundation and PJT Partners, the 2020 summit will focus on community, connection, and collaboration as tools to working toward a more just and equitable world.

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Liveblog: Women in Media Changing the Game

On Thursday, August 27th, we gathered for this month’s Philanthropy Women webinar: Women in Media Changing the Game. With guests Lori Sokol, Ruth Ann Harnisch, and Johanna Derlega, we discussed the under-funding and under-representation of female journalists and women’s media outlets, as well as ways funders can work to fix this under-representation.

How To Increase Funding for Women in Media

Editor-in-Chief Kiersten Marek kicked off the call with a reminder to breathe, and introduced today’s theme: Women in Media Changing the Game.

“We know now more than ever how important women’s leadership is,” she said. “COVID has taught us that women leaders in countries around the world have had much better success with managing COVID. And that’s just one example of the women’s leadership differential—the ability to prioritize health and the well-being of others.”

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Kinga Wisniewska on Collaboration over Competition

Editor’s Note: This interview in our Feminist Giving IRL series features Kinga Wisniewska, the Resource Mobilization Manager at FRIDA | The Young Feminist Fund, a youth-led feminist fund working to support grassroots organizers in over 120 countries in the Global South.

Kinga Wisniewska is a feminist and a sexual and reproductive health and rights activist from Warsaw, Poland, now serving as the Resource Mobilization Manager at FRIDA | The Young Feminist Fund. (Image Credit: FRIDA | The Young Feminist Fund)

1. What do you wish you had known when you started out in your profession?

The fundraising field is quite secretive, as organizations fear that sharing their donor experiences would have repercussions on their relationships, or that they would have to compete for funds if they disclosed what opportunities they are working on. It’s so weighty to work in silos, feel isolated and overwhelmed with the “I have to do it all on my own” mentality. That makes fundraising burnout very real, with lasting effects on our well-being and health, and affects so many of us in philanthropy, especially those working in resource mobilization.

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Catherine Berman: Together, We Can Move Mountains

Editor’s Note: This interview in our Feminist Giving IRL series features Catherine Berman, CEO and Co-founder of impact investment platform CNote.

Catherine Berman, courtesy of Catherine Berman

1. What do you wish you had known when you started out in your profession?

Question what others deem impossible.

2. What is your current greatest professional challenge?

Education. We see values-based investing as a game-changer for both investing and creating a more sustainable, equitable world.  We spend a lot of time helping investors and donors learn about the measurable difference they can make with their investments without sacrificing returns or operational ease. Many of us grew up learning the only way to support the causes and communities we care about was through grants. That is no longer the case. We see impact investing as an important opportunity to double-down on the causes you care about and a way to authentically represent your values with every dollar; where you spend, where you donate, and where you invest.

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Jenny Xia Spradling on Financial Well-Being with a Mission

Editor’s Note: This interview in our Feminist Giving IRL series features Jenny Xia Spradling, Co-CEO of FreeWill, a digital estate planning company that has helped more than 150,000 people make wills. Before FreeWill, Jenny worked at McKinsey and Bain Capital, where she helped launched the firm’s first impact investment fund. She is also a cofounder of Paribus, later acquired by Capital One.

Jenny Xia Spradling is the Co-CEO of FreeWill, a digital estate planning company that has helped more than 150,000 people make wills. (Image Credit: FreeWill)

What do you wish you had known when you started out in your profession?

You can have a job where you believe in the mission and have really fast career growth. I always felt like this was a trade-off in choosing a career – you could have growth or mission, but not both. The movement of social enterprises has really grown even over the past 10 years, and I think there will be more and more opportunities for people to have financial well-being while also achieving impact they are passionate about.

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The 12 Most Promising Trends in Women’s Philanthropy

Since I launched Philanthropy Women in 2017, and even before then, I have been paying close attention to the trends, as well as the big plays and strategy shifts, happening in feminist giving. For that reason, I thought it might be helpful to enumerate some of those gender equality giving trends and other happenings, and flesh out what they mean both now and for the future of philanthropy.

feminist giving trends
State-based women’s funds such are getting more powerful as large foundations like the Bill & Melinda Gates Foundation begin to recognize the value of their existing infrastructure to leverage social change. (Image credit: Women’s Foundation California)

1. Women Funders Are Getting More Ambitious With Their Strategies

I see women funders getting more ambitious with their strategies in many different ways, both in terms of the subjects they will fund as well as the approaches they are willing to try. This means they are doing bolder things with their money, which often translates into helping our culture to become more inclusive and knowledgeable about difference. For example, Mona Sinha, Chair of the Women Moving Millions Board, has done some amazing work lately supporting the documentary Disclosure. This film does groundbreaking work in terms of exploring the growing world of gender transition, helping this community to be seen and valued by society. Being unafraid to cross the barrier and fund the LGBTQ community is just one of the many bold strategies that more feminist funders are adopting more frequently.

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Deb Nelson of RSF Social Finance on Activating Money for Good

Editor’s Note: This interview in our Feminist Giving IRL series features Deb Nelson, Vice President of Client and Community Engagement at RSF Social Finance.

Deb Nelson, courtesy of Deb Nelson.

1. What do you wish you had known when you started out in your profession?

I wish I’d known what a powerful tool money can be, and how important it is to understand the way people think about and deal with money. Through my previous work at Social Venture Network, I grew to understand and leverage social capital, but I resisted working with financial capital until I understood how to use it to effect positive change. Women have been socialized to believe we don’t know enough about money and we should just leave it to the experts. But you don’t have to be an expert to use money well. You just need to question assumptions about money, understand what it can do and activate it for good. Now, I love working with money and collaborating with investors and donors.

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Donors: Support Research on Drug Dosages for Women

Here’s another way inequality has negatively impacted women’s health: incorrect drug dosages. Since most drug trials exclude women, based on false and outdated beliefs, drug dosages are set to work for men, not women. As a result, women take higher than needed doses of many medications, and suffer more adverse side effects.

Women metabolize medications differently from men, resulting in many women being overmedicated and suffering more adverse side effects. (Image Credit: Biology of Sex Differences)

Donors who are working at the intersection of gender equality and women’s health should take heed of new research published in Biology of Sex Differences that found that “The common practice of prescribing equal drug doses to women and men neglects sex differences in pharmacokinetics and dimorphisms in body weight, risks overmedication of women, and contributes to female-biased adverse drug reactions.” 

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Verizon Commits $7.5 Mil to Small Business Recovery Fund

Another corporate funder has stepped in to help small business in this time of economic uncertainty. Verizon recently announced another $2.5 million commitment to small businesses, bringing total funding for the Verizon Small Business Recovery Fund to 7.5 million dollars.

The Verizon Small Business Recovery Fund supports diverse businesses impacted by COVID-19 with the facilitation of Local Initiatives Support Corporation. (Image Credit: LISC)

“Small businesses across the country are confronting extreme economic challenges as a result of the Covid-19 pandemic,” writes the communications giant in the description of the program. “Financial support at this critical time can make the difference between staying in business or closing permanently, leading to lost income, jobs and economic stability.”

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Liveblog: Funding to End Violence Against Women of Color

Kiersten Marek, editor and publisher of Philanthropy Women, opened up today’s webinar, “Funding to End Violence Against Women of Color,” with a welcome to the speakers and audience.

She introduced the webinar with a discussion on the idea behind Philanthropy Women. Partially inspired by NoVo Foundation’s bold commitment of $90 million in funding for women and girls of color in 2016, Philanthropy Women launched in January of 2017 to cover this kind of intersectional feminist giving approach and others like it. However, with NoVo’s recent shuttering of programs for women and girls of color, the funding landscape for addressing domestic violence against women of color is facing some big changes.

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