As if you didn’t know, women face a steeper climb when seeking initial funding for business ventures. Cindy Gallop is doing a fantastic job in tracking this. In a series of Tweets, she linked to a number of articles on the subject.
The top link below discusses the types of questions potential investors ask founders. It turns out that, to no one’s surprise, women are asked different questions than men. The questions for women generally focus on potential losses, whereas men were asked about the potential for gain. The takeaway here is that, right from the get-go, men are seen as more likely to succeed, so they are asked about aspirations, hopes, and ideals. On the other hand, women are quizzed about strategies for minimizing losses.
The last couple of posts have had a focus on men and the difficulties they are supposedly facing. Let’s turn that around and focus on the success of women as leaders who stand up to their difficulties and manage to break out of the constraints they face and achieve some significant accomplishments. The first two below do just that.
One: Hypatia Capital
On the face of it, Hypatia Capital is an investment firm. However, the first two sentences of the mission statement very clearly indicate it is much more than that. It is an idea supported by concrete proof. Hypatia has created an ETF called WCEO. As the mission statement says:
During his confirmation hearings for the Supreme Court, now-Chief Justice John Roberts said the court’s role was to “call balls and strikes” and not engage in judicial activism. Oddly, SCOTUS has been judicially hyper-active of late. In the past weeks yet another precedent, bolstered by many decades of case law, was unceremoniously overturned. Affirmative Action (AA) in the college admission process has been the law of the land since the early 1970s, and passed its first Supreme Court challenge in 1977. Sadly, it is no more.
Per the ruling, colleges may not consider the applicant’s race as relevant for admission. Colleges are, however, allowed to consider–and give preferential treatment to–relatives of alumni. What’s wrong with this picture? Coming from a background of privilege entitles you to be, well, entitled. Coming from a background of slavery entitles you to get to the back of the line. But, they say, the students of color who are negatively affected by the ruling are actually from the upper middle class, so they will have lots of other choices of colleges. That might be true, but, they will be excluded from entrance into the ruling class. And note that five of the six members of the SCOTUS majority went to law school at either Harvard or Yale. This includes Clarence Thomas, who admits he was the beneficiary of AA, and he’s apparently still bitter about it.
For inspiration today, I’d like to turn to a news story set in Rosh Ha’ayin, a municipality in the northeast of Tel Aviv. The municipality was recently promoting a children’s performance where the seats closest to the stage were reserved for men, while the seats in the back of the hall were reserved for women. They claimed that this arrangement was made to “meet the needs of the entire population, based on their preferences.
The Israel Women’s Network demanded that Rosh Ha’ayin end the gender segregated seating.
“Separation between men and women in the public space, particularly between boys and girls, as part of an event supported by public funding, is forbidden and violates the law,” Gili Zinger, the director of the legal department at the Israel Women’s Network, wrote to the Rosh Ha’ayin municipality.
For the better part of a decade, Philanthropy Women has provided unique content and special insights into the world of feminism in general and feminist giving in particular. As a man, I am too often horrified by the way women’s contributions in so many fields are belittled or simply ignored. I’ve been enormously proud of the work that Philanthropy Women has done over the years to provide journalism about the efforts and accomplishments of women in so many different endeavors. Please help us keep up the good work by subscribing. It doesn’t cost much, less than $10 per month, the price of 2 or 3 coffees. Unity is strength.
On a slightly different angle, I’ve started reading a book called “Of Boys and Men”by Richard V. Reeves of the Brookings Institute. I ran across a reference to it in the Washington Post, and it piqued my curiosity. As you may be aware, there has been a caterwauling of complaints about the problems men and boys face in these troubled times. Reeves wrote the book as an attempt to uncover the reasons for these difficulties. I’m about halfway through, so I will provide some comments on the book and its thesis in my next post. For the time being, let’s just say that Reeves presents an interesting case, but I’m not sure it’s the case he intended to present.
Greetings, friends of Philanthropy Women! This week brings some very good news: E. Jean Carroll, American journalist who sued Donald Trump for sexual abuse and defamation, has won her suit. Her victory is evidence of her incredible stamina and persistence in pursuing justice, and it sets a new standard for how survivors of sexual assault can take action to address past crimes committed against them.
When it comes to feminist giving, many give with their financial resources primarily. But someone like E. Jean Carroll gave not only with her financial resources, but with her time and energy, and her gift of endurance in the long fight to attain justice as a sexual assault survivor. We congratulate E. Jean Carroll and hope many other women will follow in her footsteps.
Greetings and welcome to Philanthropy Women! It’s Kiersten Marek here, the founder and editor of PW. Today there are many new happenings I want to share with you from the feminist giving realm, but first I want to take a moment to acknowledge an issue that has caused difficulty for us as a publication: the phenomenon of feminist givers being taught not to love themselves, and to see funding news about their work as an indulgence.
As women, broadly speaking, we are taught not to love ourselves, to discredit our own work, and to downplay our own accomplishments. One of the reasons I started Philanthropy Women was because I wanted to reverse that trend — to make it possible, and, dare I say, easy, to feel good about yourself as a funder of gender equality.
Hello there, lovely philanthropy women friends! We are having a beautiful start to spring here in New England, and as we head into spring there will be some exciting new events in feminist giving. Here are just a few of the big doings in gender lens philanthropy.
LaTosha Brown and Duchess Meghan to be Honored by Ms. Foundation
The Ms. Foundation for Women announced the honorees for the 2023 Women of Vision Awards: Celebrating Generations of Progress & Power.”This year’s annual gala, marking the 50th anniversary of the nation’s oldest women’s foundation, will take place at the Ziegfeld Ballroom in New York City on May 16. Among those to be honored are Meghan, Duchess of Sussex and (familiar to readers of Feminist Giving!) LaTosha Brown. Each year, the foundation honors visionary leaders and game-changing grantee partners committed to the Ms. Foundation’s mission of advancing women’s collective power and creating safe, just and equitable futures for all.
Women’s Philanthropy thought leader, Kathleen Loehr, is retiring. In a truly unique model of legacy, she is leaving her papers and research to the Women’s Philanthropy Institute (WPI) at Indiana University. And, she’s leaving her exclusive methods, treasured insights and archive to me and seven other hand-selected women she has chosen to continue living out her legacy and growing Women’s Philanthropy: The Women’s Philanthropy Alliance.
I am honored to be a part of this elite group of industry experts and thought leaders on Women’s Philanthropy, and I will do my best each and every day to make Kathleen proud. My journey thus far is a personal one, which led me to understand how, even as an expert in DEI for Philanthropy and a philanthropist myself, I had somehow compartmentalized gender along the way. The danger here is that if I can do it, anyone can, and so I vowed to craft my work in Women’s Philanthropy in the most impactful way as possible.
Well, hello my lovely feminist giving friends! I hope you are all getting on fine. It’s time for another update on some of the gender lens philanthropic and investing activity in the world. Before we start, I want to alert readers that we have a limited number of copies of Feminist Giving available at a reduced rate for sale on Ebay. So if you don’t already have your copy of the book, now is your chance to pick one up at a great price, either for yourself, a friend, or even your local library if you so choose. Our book is particularly suited to libraries that are aiming to be a resource for marginalized groups.
What’s Going On in the World of Feminist Giving?
1. Our Partners at Alliance are Doing it Up for Women’s History Month
Now that I have had to step back a bit from my writing to pursue a top secret second career (it’s a don’t ask, don’t tell situation, so I appreciate your cooperation!) our partners at Alliance Magazine have taken on a much stronger agenda to serve the feminist giving community with news and views on this more essential form of philanthropy. There’s lots of great content there, including a piece from the Women’s Funding Network on the importance of Black giving. They are also dedicating a whole webinar to the topic of women’s funding which will take place on March 14. Register here to participate.