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.
Recently, I got an email from Stephanie Gillis, Senior Advisor at the Raikes Foundation, wanting to “explore potential synergies” with the work we are doing at Philanthropy Women. Naturally, I was eager to do so, and soon learned about Givingcompass.org, a new team effort of several foundations and nonprofits, aimed at drawing on the chops of the tech sector in order to provide more resources for the philanthropy sector, particularly around how to assess the quality of philanthropy and get the most impact per philanthropy dollar.
Another day, another fascinating report on the status of gender equality philanthropy. Today I came across the report, Aid in Support of Gender Equality and Women’s Empowerment, and read about how the United States stacks up against other Development Assistance Committee (DAC) member nations in terms of funding gender equality.
The data shows that as of 2014, the U.S. was the largest supporter of gender equality and women’s empowerment among the DAC membership. The report shows that of the $40.2 billion committed to gender equality and women’s empowerment, the U.S. was responsible for $26,211,000 of that. Second behind the U.S. is Japan, with a total of $16,817,000 in total aid screened. (It’s a complicated mix of ways this money is calculated, so you should look at the notes in the report to get an accurate sense of what they mean by “total aid screened” and other terms.) Third behind Japan in total aid screened is EU Institutions, with a total of $16,312,000.
I have spent the past few years observing, writing about, and getting more involved in the world of women’s philanthropy. During that time, multiple experts have referred to the work of Kimberlé Crenshaw as being essential to the changes we now see going on in philanthropy, with more efforts to apply both a gender and race lens when framing problems and funding new strategies.
Indeed, with her scholarship, advocacy, and legal expertise, Crenshaw has helped build and disseminate whole new areas of knowledge including critical race theory and intersectional theory. These concepts have helped philanthropists like Peter Buffett and organizations like the NoVo Foundation apply an inclusive gender and race lens that values and addresses the needs of women and girls of color in the United States.
I had an amazing discussion today with Helen LaKelly Hunt about how funders are aligning across the political spectrum to help strengthen families, and within this approach there is huge potential for gender equality agendas to be realized.
In the context of Helen’s work as both a relationship expert and a philanthropy expert, she sees clearly how philanthropy can do more to build relationship skills, and in doing so make progress for gender equality. As she puts it, “teaching relational skills transforms the family and bring gender equality to the family.”
Fidelity Charitable has come out with a new report on trends in women’s giving, and it is definitely food for thought for anyone in the women’s philanthropy field.
The report delves into generational differences in giving between Millennial women and Boomer women.
Before talking about the report’s findings, I want to draw attention to the methodology, so we know specifically who we are talking about when we talk about Millennials and Baby Boomers. The report used survey data from Millennials, which they defined as women age 17 to 37, and Baby Boomers, which they defined as women age 51 to 71. So women in the 37 to 51 range (like me!) are not being talked about in the report.
It’s Time Network hosted a conference call this past week that gave a window for states across the country to learn about California’s efforts to grow gender equality movements. The call featured Jessica Stender of Equal Rights Advocates, who has been coordinating and enacting many steps of a legislative agenda for women in California. The call was well-received nationally, with people registered from 16 states.
From Betsy McKinney and the It’s Time Network team:
Thank you for joining us for Tuesday’s virtual convening to learn about how we can support policy agendas that lift women and children out of poverty, ensure fair pay and family-friendly workplaces, and more, focusing on the Stronger California legislation.
On June 10th, an authoritative voice leading the resistance and challenging both the left and right, Joy-Ann Reid, will receive the George Curry Drum Major for Justice Award for Excellence in Journalism.
The award ceremony, Say Her Name: 20 Years of Intersectionality in Action, will be hosted by Kimberlee Crenshaw, co-founder of AAPF and professor of law at Columbia University and UCLA. Crenshaw is also a major figure in the movement to fund philanthropy specifically for women and girls of color.
Of the $71.4 trillion dollars controlled by the asset management industry, only 1.1 percent of total assets under management are with firms owned by women and minorities.
You heard that right. Although the number of firms that are women- or minority-owned can range from 3 to 9% across the four different asset categories in the industry, assets controlled by those firms account for only 1.1% of all assets under management.
A press release from the Knight Foundation, which commissioned the study, states that this is the most in-depth study to date about ownership diversity in asset management. Additional analysis revealed that the 1.1% managed by women and minorities had no difference in performance from the 98.9% non-diverse asset management industry.