One of the most significant barriers to women starting out in philanthropy is lack of knowledge about how and where to donate money. Women new to philanthropy, including women whose families may have ill-prepared them for the financial management of inheritance, may have trouble picking an organization or cause to focus on. They may be confused about which kind of donation will create the most value for an organization, or may simply not understand the tax ramifications of different forms of philanthropy.
Sorry for the lack of posting this past week — it has been a time of assessing our growth and figuring out next steps for Philanthropy Women. As the founder, editor, publisher, chief technologist, and business planner for the site, I needed to take time to research and develop some proposals for our growth. At the same, I also maintain a part-time caseload of psychotherapy clients, which wonderfully keeps me very in touch with the real world, but often requires much of my time and attention. In any case, I hope to share more about our future plans for Philanthropy Women soon.
Dear Faithful Readers of Philanthropy Women,
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.
I’ve been listening to Hillary Clinton’s What Happened in spurts over the past few days, and it’s time to start sharing some of the highlights. In her own voice on audio, Clinton speaks on a wide range of topics related to her political life. In particular, Clinton speaks with regret about taking speaking fees from large financial corporations and analyzes how the alt-right’s slandering the Clinton Foundation skewed the election.
I am now on Chapter 9, and this is when What Happened gets very relevant to philanthropy. I highly recommend listening to the book on audio — it really helps to have the words spoken by Hillary Clinton, who is destined for legendary status in the history of women’s advancement, whether she won the presidency or not.
Editor’s Note: This is an editorial by Ashindi Maxton, who is a Senior Advisor for the Women Donors Network (WDN), one of our Spotlight Organizations. The editorial tells the story of how WDN and its allies have been able to effectively bring in more partners to fund the resistance. As Ms. Maxton points out, the Threshold Fund and the Democracy Alliance joined WDN and Solidaire to expand the Emergent Fund, amplifying the ability of that fund to protect and empower marginalized communities.
Leaders from eight women’s funds across the country that spearheaded the Young Women’s Initiative received the 2018 Leadership and Diversity Award, given by the The Women’s Funding Network at their annual summit, taking place this week in San Francisco.
The New York Women’s Foundation is a 2017 recipient of The Women’s Funding Network’s Leadership and Diversity (LEAD) Award, for launching the first Young Women’s Initiative in partnership with the New York City Council and inspiring similar efforts by women’s foundations across the country.
Sustainable Harvest International Founder and President Florence Reed did not encounter many other women leaders in philanthropy when she started the organization in 1997. “I was flying by the seat of my pants. I literally went to a library and checked out a book on how to start a non-profit, and went through it chapter by chapter,” she recalled in a recent interview with Philanthropy Women. Who knew then how successful her initiative would be: Sustainable Harvest International (SHI) was recently named by Charity Navigator as one of the “six highest-ranking charities in the sector making major strides to increase sustainable food production.”
If a foundation’s mission is to build more healthy partnerships in the world, what better place to start than with their own internal partnerships?
In fact, for Peter and Jennifer Buffett of the NoVo Foundation, developing their own partnership as a couple coincided with developing the mission of their foundation, which is to transform relationships across the globe from “domination and exploitation” to “collaboration and partnership.”
I had approached NoVo wanting to talk to either Jennifer or Peter individually, but, apropos of their partnership approach to philanthropy, I got them both. They spoke to me by phone from their home in the Hudson Valley, about two hours north of New York City.
In another unexpected “first” for our nation, Donald Trump decided to have his daughter, Ivanka sit in for him at the G20 leaders’ summit in Hamburg, Germany. But another, perhaps more important first also took place at this meeting: The World Bank Group announced the creation of an innovative new facility that plans to invest more than $1 billion to advance women’s entrepreneurship. This new facility will give women in developing countries a leg up when it comes to increasing their access to capital and markets that will help them start and grow businesses.
A massive defunding for women is now under consideration in the United States Senate. All told, it represents billions of dollars annually that will come straight out of primarily women’s wallets.
You may not usually think of the federal government as a philanthropic institution. Yet from our country’s start, congressional acts have subsidized various segments of the population and for a variety of reasons. Take the 1792 Postal Act. A spirited debate went on in the second session of Congress, over maintaining access to information. That Congress voted to create low postal rates for newspapers and to improve roads by creating postal routes to ensure expansion and development of our fledgling country, rather than solely serve existing communities. Americans still benefit from reduced media postal rates today.