Fiona McKay: Financial Sector Must Evolve to Prioritize Social Returns

Fiona McKay’s website asks a simple but striking question: What would the world look like if more women controlled the money? It’s a question I often find myself pondering, too, as a social worker, a small businesswoman, a parent, and a gender equality activist.

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Fiona McKay, author of the report, Trailblazing Women in Investment. (Image Credit: Fiona McKay)

McKay isn’t just pondering this profound question, though. She’s actively doing research on the way that gender norms shape our experiences, particularly in the financial sector. She is the author of Trailblazing Women in Investment, a new report that discusses gender lens investing and the barriers that women still face with controlling the money in finance.

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What’s the Canadian Gov’t Doing with $100B For Gender Equality?

A report from Julie Gordon from Reuters discusses how the Canadian government is planning to fund a “feminist agenda” that includes $100 Billion (C) for childcare and other resources to support women and families.

Chrystia Freeland, Canada's Deputy Prime Minister and Minister of Finance, will be the Task Force co-chair, along with Associate Minister of Finance Mona Fortier. (Image credit: Reuters)
Chrystia Freeland, Canada’s Deputy Prime Minister and Minister of Finance, will be the Task Force co-chair, along with Associate Minister of Finance Mona Fortier. (Image credit: Reuters)

Canada on March 8th, 2021 unveiled an all-woman task force to ensure that its upcoming budget, set to include billions in post-pandemic stimulus spending, includes measures to get women working and address gender inequality.

Finance Minister Chrystia Freeland’s first budget will not come this month, but later “this spring”, her spokeswoman said Monday. It will be the first full budget since before the COVID-19 pandemic hit.

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Texas Celebrates Women Leaders with Virtual Awards and Forum

The Texas Women’s Foundation’s long-held tradition of honoring leaders in women’s philanthropy continues. Their virtual Leadership Forum and Awards Celebration will be held on April 29th. Amongst the recognitions, the Maura Women Helping Women Award and the Young Leader Award are highlighted.

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Diana Mao, President of Nomi Network, a recipient of a leadership award from the Texas Women’s Foundation. (Image Credit: Diana Mao)

As the Maura Award enters its 42nd year, the five recipients are those who have adapted their own leadership roles to further the progression of women and girls in various innovative ways. With over 200 past Maura Award recipients, these women are now part of a bold and fearless group who have taken it upon themselves to make life better for women and girls in Texas, and around the world. The Young Leader Award spotlights two women who have broken glass ceilings in their own fields and industries, demonstrating the way forward towards a more gender-balanced society.  

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(Liveblog) Women’s Giving Circles: The Future of Latin America

On Thursday, March 19th, team members from Empatthy and a robust panel of speakers gathered online to celebrate the growing women’s giving circle movement in Latin America. Featuring Jeannie Sager (Women’s Philanthropy Institute), Carmen Stevens and Sondra Shaw-Hardy (Women’s Giving Circles International), Sara Lomelin (Philanthropy Together), and Rosa Madera (Fundadora Empatthy), the event was half celebration, half lively discussion of the future of collaborative giving in the Latin American region.

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Juan Carlos Diaz Bilbao (BMW Foundation Responsible Leaders Network), the day’s moderator, introduced the event with thanks to the attendees, participants, and sponsors making the event possible.

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(Liveblog) #GenerationEquality and a Blueprint for a Gender Equal World

On St. Patrick’s Day, Women Moving Millions led a lively discussion as part of its 2021 #GenerationEquality Series. Entitled “Building a Blueprint for a Gender Equal World,” the virtual event featured Latanya Mapp Frett (Global Fund for Women), Michelle Milford Morse (UN Foundation), and Kavita Ramdas (Open Society Foundations).

On March 17th, 2021, Women Moving Millions, the UN Foundation, the Global Fund for Women, and Open Society Foundations gathered to discuss #GenerationEquality. (Image Credit: Women Moving Millions)

Executive Director Sarah Haacke Byrd began the day’s event with a moment of silence for the Asian-American community in Atlanta, where violent attacks in local spas have recently taken place. She also shared context for the day’s conversation, following the 25th anniversary of the Beijing agreement for gender equality. New legislation is due to be created and ratified within the United Nations, all designed to gather the world’s powers to advance gender equality.

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Dining for Women Amplifies Gender Equality Mission with New Name

Editor’s Note: The following announcement was made on March 6 by the leadership of Dining for Women.

Together Women Rise is about women and allies coming together all over the world, from all backgrounds and communities, to achieve global gender equality.

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Our new name, logo, and tagline are aligned to create a fresh, modern look for our organization — one that is inviting and inclusive to all and tells the world exactly why we exist and what we aim to accomplish.

Together is front and center because our community is strong: gathering together in our chapters and working together with you, our grantees, lies at the root of our impact. Women, because global gender equality is our guiding star; Rise, because we envision a world where all women and girls around the world can reach their full potential and become powerful agents of change to build a stronger, more sustainable, and peaceful world.

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Lead With Love: Elena Marszalek on the Feminist Climate Movement

Editor’s Note: This interview in our Feminist Giving IRL series features Elena Marszalek, Managing Director of Del Mar Global Trust, a private foundation dedicated to the environment. 

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Elena Marszalek, courtesy of Elena Marszalek

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

I started my career in philanthropy as the only employee of Del Mar Global Trust, a newly established family foundation focused on the natural environment. Although I had previous experience working in climate change, I had little experience in philanthropy. I felt both hopeful and overwhelmed. 

Joining Rachel’s Network, a community of women environmental philanthropists, broadened my knowledge of complex environmental issues, and significantly improved my ability to select and monitor grant recipients. Networking with other women with similar goals and interests helped my career in numerous other ways, for example sharing information about projects that as individuals we would not be aware of. Perhaps most importantly, I have access to other members with many years of experience who offer advice and mentorship. As in all professions, you learn through experience. 

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(Liveblog) Leveraging the Unique Power of Women’s Collective Giving

Bright and early on Wednesday, January 27th, women from all over the country joined Sondra Shaw-Hardy and Carmen Stevens of Women’s Giving Circles International (WGCI) for a collaborative workshop on collective giving.

Sondra opened the event by welcoming the attendees and speakers, and introducing the day’s topics.

“The power of women’s philanthropy has changed not only the countries we live in, but changed us as well,” she said.

Carmen Stevens on Global Giving Circles

Carmen Stevens introduced the history of WGCI, which works to provide educational resources for women all over the world looking to start and grow their own giving circles. Primarily focused on circles outside of the United States, WGCI facilitates circle creation, networking, and mentorship all over the globe, but particularly in Latin America, Europe, and the organization’s most recent programs in Asia.

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(Liveblog) Realigning Powerful Systems by Valuing Health and Equity

On Tuesday, January 26th, the Philanthropy Women team gathered with representatives from The Jane Club, Women in Global Health (WGH), PSI, and Maverick Collective for a discussion on the ways radical philanthropy, operating alongside women-led movements, can lead to systemic change, particularly in health care services and employment, for women and girls around the world.

The Jane Club hosted a live discussion on women’s access to healthcare, as well as what feminist funders can do to advance gender equity in funding and global health. (Image Credit: Jane Club)

Editor-in-Chief Kiersten Marek moderated a discussion between Rena Greifinger of PSI/Maverick Collective and Sarah Hillware of WGH. Hosted by The Jane Club, a network of female-identifying persons and nonbinary and male allies, the event focused on ways to create more equitable healthcare systems by transforming the philanthropic system toward justice.

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Jaana Rehnström: Bigger Not Always Better, Especially for Women

Dr. Jaana Rehnström, Founder and President of the Kota Alliance, an organization fostering international collaboration for women-centered nonprofits, recently authored an article that struck a deep chord with me. Readers here at Philanthropy Women will also likely feel a strong resonance with Dr. Rehnström’s words.

Dr. Rehnström begins by summarizing the current status of gender equality in the world:

Dr. Jaana Rehnström, Founder and President of the Kota Alliance, discusses the need for funders to step up for women and girls if we are to achieve the Sustainable Development Goals. (Image Credit: Kota Alliance)

Gender equality has been talked about in Europe and the United States since the late 1800s. The Equal Rights Amendment was passed by Congress in 1972, falling short of state ratifications by the original deadline. The CEDAW (Convention on the Elimination of all Forms of Discrimination Against Women) was adopted in 1979. The 4th World Conference on Women in Beijing in 1995 and SDG #5 commits governments to take measures to comply by 2030.

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