“There’s a time and place just for grants, and there’s a time and place for gender lens investing, but if you can find that sweet spot where they come together, that’s what gets me going,” says Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital.
For Pease, the two strategies of gender lens grantmaking and gender lens investing can play a complementary role, particularly when using the Donor Advised Fund (DAF) as an investment vehicle. For women’s funds and foundations, Pease sees an expanding use of DAFs to create new ways to reach women at all levels of society with resources to grow their power.
If there’s one thing Linda Davis Taylor thinks there’s too much of, it’s women taking concessions in salary negotiations. As the CEO and Chairman of Clifford Swan Investment Counselors, Taylor is calling on all women to create a culture where women ask for what they deserve at their jobs.
“I still hear so many women say they don’t know how to negotiate their salary, even women in top leadership positions,” said Taylor, in a recent interview with Philanthropy Women. She wants to see women get much more comfortable with having those difficult conversations that ensure equal pay and benefits for work at all levels and in all industries. She also wants to find more ways to ensure that “we start early enough in encouraging women to understand their role in salary negotiation.”
The Prince of Wales, Prince Charles, announced this week the launch of a new $100 million fund that aims to reach half a million women and girls in South Asia with education and professional opportunities in five years.
“The sustainable development goals endorsed by 193 member states at the United Nations cannot be achieved unless radical new approaches are developed,” said Prince Charles, upon unveiling the new fund. “I am very proud that the British Asian Trust is at the forefront of developing such innovations.”
One of the largest public women’s foundations in the country is hosting a convening of leaders in Dallas to address the lack of gender equality in local government.
The Texas Women’s Foundation will host 60 women leaders from diverse backgrounds to work on getting more women elected to public office in Dallas County. On February 6, these leaders will come from many organizations we have talked about here at Philanthropy Women, including IGNITE, Vote Run Lead, and She Should Run.
All of these organizations are part of a larger network called ReflectUS. Reflect.US is a nonpartisan coalition of seven leading women’s organizations: Represent Women, She Should Run, Empowered Women, Women’s Public Leadership Network, IGNITE, Vote Run Lead and Latinas Represent.
For the past several years, there has been a growing synergy between gender lens investing and gender lens grantmaking. The latest example: an upcoming gathering in Austin, Texas, that will explore ways to get more women “in the game” of both investing and donating for gender equality.
Leaders in gender lens advocacy, Tuti Scott and Tracy Gray, are facilitating this convening in Austin, Texas from September 16-17, in order to figure out what it will take to get more women aligned with donating, investing, and taking action for gender equality in all segments of society.
Tomorrow evening’s Take the Lead Virtual Happy Hour will feature an exciting group of women talking about one of my favorite topics: journalism. Tomorrow’s event is called The Real Story: Women in Journalism Finding Fair Solutions.
The web call will discuss ways to promote change that will make for more equal representation and pay of women journalists. Given that Philanthropy Women is a journalism endeavor, I am planning to be on that call to see what I can learn for my work, and to discuss philanthropy’s current and future impact on these issues.
Recently, I listened in on a call hosted by Catalyst at Large Suzanne Biegel, and author David Bank of Impact Alpha. Guests on the call included Luisamaria Ruiz Carlile of Veris Wealth Partners, which specializes in gender lens investing and research.
The call provided fascinating insights into the world of gender lens investing. Though in its early formative years, gender lens investing is a growing area of financial investment that is destined for big things.
Biegel began the call by giving an overview of both the expanding language and the expanding financial investments in the gender lens investing sector. “Gender lens investing is still small in the relative scheme of things, but it’s so much bigger than it was,” said Biegel. She shared the latest statistics from Project SAGE at the Wharton School of Business Social Impact, which turned up a record 87 funds that are now investing with a gender lens, with 46 of those funds being new creations that occurred between 2017 and 2018.
This is just a quick post before taking a few days off to enjoy time with family and friends. We will be covering several important events in upcoming posts, including a fascinating call on Gender Alpha with Suzanne Biegel and David Bank, where they discussed how “Gender Alpha” is all about identifying the specific dividends that gender lens investing yields. Biegel and Bank are co-producers of November’s Gender-Smart Investing Summit in London. Guests on the call included Luisamaria Ruiz Carlile of Veris Wealth Partners, which specializes in gender lens investing and research.
And one other quick note to acknowledge the significance of the recent elections, where voter turnout was higher than it has been in 104 years. That’s right — the last time voter turnout was as high as it was in 2018 was in 1914, before women even had the right to vote. Now that women and millennials are getting into the driver’s seat with social change, we hope to see even better voter turnout in 2020. I don’t know about you, but I am mighty thankful that people are finally getting the message (it seems!) about the importance of civic engagement. That could mean in 2020 we elect a President that gets us back on track in terms of valuing safety, diversity, and systems change to address inequality.
The election of Donald Trump has sparked a wave of political activism never seen before, particularly among progressive donors.
According to the Center for Responsive Politic’s data, the top 154 donors spent a combined total of over $700 million this election cycle, with Democrats and progressives spending an estimated total of $327 million in this election, and Republicans and conservatives spending an estimated $350 million.
While the Center for Responsive Politics is reporting that this year’s midterms were by far the most expensive in history, with a large share of that spending coming from the right, another large share of that spending involved progressive women donors opening their wallets to fund the protection of key civil liberties including reproductive rights, health care, and social inclusion.
One thing is for sure: there are not enough financial supports out there for women. As a woman myself developing the sustainability of my publishing work, I am always on the look-out for ways to get a stronger foothold in my own business/nonprofit niche, and I know many women who are in the same boat. Banks and investors routinely discriminate against women entrepreneurs when giving small business loans and venture capital, so where can women entrepreneurs turn when they are angling to start successful small businesses?