Editor’s Note: The following article is by Eric Johnson and Alexandra Ulmer from Reuters News Service.
Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world’s largest private charitable foundations, filed for divorce on Monday after 27 years of marriage but pledged to continue their philanthropic work together.
The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, spending more than $50 billion over the past two decades to bring a business approach to combating poverty and disease.
Editor’s Note: This interview in our Feminist Giving IRL series features GwenTillman, Chief People Officer for Tides, a philanthropic partner and nonprofit accelerator.
What do you wish you had known when you started out in your profession?
By the time I took a sabbatical from working in the technology sector, I was burned out. I didn’t realize how burned out I was until I allowed myself some time to step back and figure out what I wanted my life to be about. As one of the very few Black women in my field, I constantly drove myself to perform at 1000%, and I think that’s true of many Black women who feel the systemic pressure to constantly prove themselves. What I wish I knew early on in my career is that none of us can function at 1000%, when our bodies and our souls are functioning at 50%. We have to be better advocates for our own well-being because nothing is worth risking your health. Find a career that is consistent with your values and an organization that grants you the grace to live a balanced life and feeds your soul, at the same time. I am happy to say, I have found that at Tides.
The Rockefeller Foundation has launched the Equity-First Vaccination Initiative to improve vaccination rates in communities of color.
The Rockefeller Foundation announces the launch of a historic $20 million Equity-First Vaccination Initiative to improve the vaccination rate among communities of color, which have been disproportionately impacted by the Covid-19 pandemic. Representing less than one-third of the 74 million people who are now fully vaccinated in the United States, communities of color are twice as likely to die from Covid-19 and three times as likely to be hospitalized as white Americans. To close this gap, the Foundation will initially collaborate with five organizations to deploy equity-first, hyper-local public health interventions in five U.S. cities: Baltimore, Md.; Chicago, Ill.; Houston, Texas; Newark, N.J.; Oakland, Calif. During the second phase of the Initiative, the Foundation will collaborate with several national organizations to take lessons learned from the five cities and ensure that at least 70 million people of color are vaccinated by July 2021.
AVPN’s Asia Gender Network becomes the first pan-Asian network dedicated to the funding advancement of women and girls.
According to recent reports from the World Economic Forum, the world at large is still decades away from achieving total gender equality. In Asia, which holds 60% of the world’s population, that number stretches to 70 years — and in East Asia, more than 160. Pair that with the backslides from the pandemic and the resulting “She-cession,” more than 2 billion Asian women are facing a road to gender equality even more difficult than in years past.
To combat this crisis, the Asia Gender Network has become the first pan-Asian network committed to mobilizing financial, human, and intellectual capital toward gender equality.
The Black Feminist Fund just received a generous commitment of $15M from the Ford Foundation to jumpstart this new effort.
On March 25th, the Ford Foundation announced its commitment of $15 million in seed funding to help launch the Black Feminist Fund, a new philanthropic fund developed and led by a core group of Black feminists who sit at the nexus of feminist organizing, advocacy, and philanthropy globally. Ford’s initial investment will be vital to help jumpstart the fund’s work to create a network of support around key issues that impact Black women around the globe.
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).
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.
As women’s global wealth continues to rise, philanthropists are turning toward an exciting new era of female empowerment and intelligent grantmaking in feminist philanthropy. At The Ruderman Family Foundation, a Massachusetts-based grantmaking entity devoted to disability inclusion and strengthening the Jewish community in the United States and abroad, leadership sits in the hands of two powerful and committed women: Sisters-in-law Sharon Shapiro and Shira Ruderman.
“Choosing a mission is based on values,” says Shira Ruderman, Executive Director of the Ruderman Family Foundation. “My Jewish values and who we are as people are have a great impact on choosing the topics you want to work on and how you want to conduct your business and philanthropy. We concentrated in the last 18 years on inclusion of people with disabilities and strengthening the relationship between American Jewry and the State of Israel. We believe in strategic philanthropy and do our best to lead through best practices.”
After receiving $4M in program-related investments, Everytable sets a new goal for an additional $10M in 2021.
Everytable, a Los Angeles-based social enterprise seeking to end food inequality by making nutritious food affordable and accessible for all, has received a total of $4 million in program-related investments (PRI) and grants from several foundations and organizations to support a pioneering Social Equity Franchise program that fosters economic empowerment among entrepreneurs from marginalized communities. In 2021, Everytable seeks to raise an additional $10 million to fund the program’s expansion in both Los Angeles County and New York City.
Editor’s Note: This interview in ourFeminist Giving IRL series features Najada Kumbuli, the new Head of Investments for the Visa Foundation.
1. What do you wish you had known when you started out in your profession?
I was fortunate to start my career in the field I was passionate about – impact investing. At the time, impact investing, or investing to generate a measurable, beneficial social and/or environmental impact alongside a financial return, was nascent, which provided both an opportunity to shape the trajectory of the industry and a challenge, as there were few companies leading the way, yet tremendous need to accelerate and scale their work.
Nike, Inc. has announced that it will begin a partnership with Black Girl Ventures to support the economic empowerment of women of color.
Expanding the NIKE, Inc. Black Community Commitment to support organizations focused on social justice, education and economic opportunity for Black Americans, Nike announces a new partner focused on economic empowerment, Black Girl Ventures. The $500,000 investment from NIKE, Inc. will support Black Girl Ventures in its efforts to provide Black and Brown women-identifying founders with access to community, capital and capacity-building to support entrepreneurship. This contribution builds on the commitments to Black Girls CODE, NAACP Empowerment Programs and the NAACP Legal Defense and Educational Fund, Inc. (LDF) announced in July 2020.