First, of course, thank you for reading. You are bravely joining me on the sometimes harrowing adventure of learning about gender equality philanthropy. I thank you for joining me on this journey.
Also, thank you to our sponsors, Ruth Ann Harnisch and Emily Nielsen Jones. You have provided an amazing opportunity to advance the knowledge and strategy of progressive women’s philanthropy, and for that you are wholeheartedly thanked.
Thank you, as well, to our writers — Ariel Dougherty, Jill Silos-Rooney, Tim Lehnert, Kathy LeMay, Susan Tacent, Betsy McKinney, and Emily Nielsen Jones. Your work reading, interviewing, thinking, and writing about women’s philanthropy has resulted in my receiving tons of positive correspondence about our content. The internal numbers also validate that we are making an impact.
We know that childcare needs to be valued and supported for society to thrive. Yet, time and again, we leave parents, particularly low-income and young parents, out of the picture for access to childcare.
Today, a new study released by the Ms. Foundation for Women validated that state and local officials need to take the reigns and steer their community toward economic growth by funding access to childcare.
“Our approach has not only helped the local organizations achieve policy gains, but also provided necessary resources to develop intersectional leadership in grassroots organizations,” said Aleyamma Mathew, Director of Economic Justice at the Ms. Foundation for Women. “To achieve economic security in the Trump era, we have to win on the state and local level,” she added.
As I continue to survey the landscape of gender equality giving, I am occasionally struck by a particularly effective corporate model for supporting this work. One of the most stunning examples of how corporations can turn their dollars around for the cause of women’s rights is CREDO Mobile, which has been funding gender equality movements for the past three decades.
CREDO Mobile grew out of Working Assets, one of the early corporations to grasp the idea of the potential for funding nonprofits via business. The company started as a long distance provider, and then went into credit cards. One of the company’s first credit card products was a card that generated donations to progressive nonprofits with every use.
International Breastfeeding Week is August 1-7, so we’d like to take the opportunity here at Philanthropy Women to emphasize the importance of breastfeeding to human health, and to ask women givers to do more to support breastfeeding initiatives. If you want to know my opinion, breastfeeding should be a celebrated activity. What a different world it would be if, every time a woman breastfed in public, people around her paused and admired what is one of the miracles of human health.
One thing that repeatedly intrigues me in philanthropy is the way that women leaders put together the components of giving and social progress in new and creative ways, in order to maximize deployment of funds to important causes. Nearly every week, I come across a new combination of philanthropy and social action that a woman is pioneering.
This week’s amazing tale of women doing good in the world comes from the online retail sector and a new hub for online shopping called Union & Fifth. This nonprofit online store makes it easy for you to donate women’s designer clothing, shoes, and handbags, and choose a cause for where the money will be donated.
While estimates are frighteningly low for the percentage of financial assets under management by women and minorities, that number is destined to change. Leading the charge for this change as one of the few women-owned asset management companies is ThirtyNorth Investments, headed by Suzanne Mestayer, Managing Principal, and Blair duQuesnay, Principal and Chief Investment Officer.
How did Mestayer and duQuesnay become gender lens investors? They were basically convinced by the business case for more women in corporate leadership. “It was an interesting confluence of increasing our knowledge on the topic of women in governance, and learning about how few women are on corporate boards,” said Mestayer in a recent interview with Philanthropy Women. “This coincided with our acknowledgement of our own experiences serving on boards, and seeing the benefits of having diversity on those boards.”
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.
From the Summit’s webpage:
Action. Impact. Power.
These words are some of the ones we deal with every day at Ellevate Network. We know women have power (after all we hold trillions of dollars in investable assets, control 86% of consumer spending and are starting businesses at a faster pace than men.) And yet, there is still gender inequality.
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.
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.
Here is my capsule on Krawcheck from that article: