Attack on Fearless Fund Goes National in Time and Newsweek

As we reported both in October and December of 2023, the good work of the  Fearless Fund has come under attack from right-wing extremists. The American ​​Alliance for Equal Rights (AAER) which is led by anti-affirmative activist Edward Blum, is the same conservative organization that convinced the Supreme Court to reject affirmative action criteria for college admissions in June 2023.

(Image credit: Fearless Fund)

Since the Supreme Court decision, AAER has expanded its scope to target seemingly all efforts to promote social justice and equity. The Fearless Fund is a venture capital fund that provides pre-seed, seed-level, or Series A financing to businesses led by women of color. As their website states, “Our mission is to bridge the gap in venture capital funding for women of color founders building scalable, growth aggressive companies.” 

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Climate Gender Equity Fund Debuts with First Grants in Africa

The Climate Gender Equity Fund (CGEF) is a public-private partnership focused on catalyzing gender equity in climate finance. A year after launching, CGEF has announced the first cohort of women-led organizations selected to receive grants, each of which is focused on advancing gender-equitable climate action in Africa.

Women participate in Clean Tech Hub’s incubation program. (Image credit: Amazon news)

The three organizations selected include:

  • The Clean Technology Hub, a women-led acceleration hub in Nigeria that is scaling new climate technologies; 
  • WomanHub, an accelerator in South Africa that supports female science, technology, engineering, and math (STEM) business founders; and 
  • M-Kayla Ventures, an incubator in Kenya that focuses on women entrepreneurs working on climate-smart agriculture solutions.

The founding members of CGEF include USAID, Amazon, Reckitt, Visa Foundation, and The UPS Foundation. Combined, they have committed $20 million to the fund; in addition, USAID announced an additional $5 million during the COP28 climate change conference. 

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Leah Hendrix-Hunt and Family Featured in New Yorker

At Philanthropy Women, we pride ourselves on being able to stay ahead of the curve in recognizing ideas, discovering significant trends, and identifying the people who make these things happen. We are pleased to note that the The New Yorker is now following our lead. Several years ago, PW ran an interview with Leah Hunt-Hendrix. As a reminder, Hunt-Hendrix is a scion of Hunt Oil, founded by her maternal grandfather. 

Dr. Kimberlé Crenshaw’s book, “#SayHerName: Black Women’s Stories of State Violence and Public Silence” was recently released. More details below. (Image credit: #SayHerName)

The August issue of The New Yorker ran a story that touches on many of the issues discussed on these pages. Attached below is a link to the interview with Leah that PW published previously. Our interview focused more on the hard news angle, discussing her foundation, Solidaire, and the work it does while the New Yorker article is a bit more chatty, with anecdotes of her family, social status, and the problems presented by being a progressive who happens to be the heir to an oil fortune.  

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The Significance of Philanthropic Collectives for Black Women

To commemorate Black Philanthropy Month, let’s consider this: Of the $4.8 billion in philanthropic investments made in the south, less than one percent of that amount goes to Black women and girls. This is traditionally one of the most underserved populations in the south.

Southern Black Girls is an important philanthropic collective. (Image credit: Southern Black Girls)

This statistic is VERY disappointing. Southern Black Girls is a collective of Black women in philanthropy and they have made it their highest priority to disrupt the way philanthropy is done in the south. Their goal is to help change the status quo.

Southern Black Girls has been on a mission to raise $100 million over the next decade to financially empower the goals and dreams of Black girls and women across the south. Their signature giving vehicles – the Black Girl Dream Fund and the #BlackGirlJoyChallenge are starting to make those goals and dreams a reality.

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How Women Lose Ground Right From the Start in Business

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.

Sabina Matos, candidate for Congress from Rhode Island, will be supported with a large advertising buy from Emily’s List and Elect Democratic Women. (Image credit: Sabina Matos for Congress)

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.

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E. Jean Carroll Prevails in Triumph for Sexual Assault Survivors

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.

Journalist E. Jean Carroll has won her lawsuit proving that Donald Trump sexually assaulted her. (Image credit: AP)

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.

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A Book is a Social Change Tool. Use This Tool.

Greetings, everyone in the Philanthropy Women community, and welcome to a New Year! 2023 promises to offer some very special events, including more readings and discussions of Feminist Giving. The book is doing well on sales and Lauren Brathwaite of Candid wrote a very comprehensive review of the book, which is a wonderful read if you are thinking of picking up the book. You can read the review here.

Ozzy the cat peruses the new copies of Feminist Giving: Creating New Frontiers in Social Change. He thinks they are taking up a perfectly good box space that he would like to play in.

One of my favorite things about Lauren’s review is that she referred to Feminist Giving as a “tome” and got into the big arguments that I make in the book. As she suspects in her review, I am very interested indeed in how MacKenzie Scott is beginning to go more public about her giving. However, I notice on her website she says that they currently “don’t participate” in media stories about their work. That gave me pause to think. It seems to me that it’s a sign of a certain level of privilege to be able to decide not to participate in media stories about oneself. As a social worker who has been public facing and accountable for her behavior and practice as a professional, I cannot fathom taking such a position. But obviously, she has her reasons.

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New Funding for Mature Women, Native Women, and Women in Sales

Well, hello my feminist giving friends! I hope you all enjoyed your Thanksgiving holiday and it gave you a chance to reflect on some of the things you are thankful for. That was my focus this Thanksgiving, as my family and I went for a hike at Stoppleworth Conservation Area in Tolland, Connecticut.

Land at Stoppleworth Conservation area in Tolland, Connecticut has unique geological features believed to date back to the dividing of the continents between North America and Africa. (Image credit: Kiersten Marek)

This conservation area was created by my mother in 2004, by selling a 55 acre parcel of land that my father bought in the 1970’s and used to harvest wood for the wood-burning stoves of our house. It was a bold decision for my mother to move this land into open space, and I was proud to be the daughter helping facilitate the deal. Every year around Thanksgiving, we try to visit the land and appreciate its supreme beauty and the amazing strength of my mother to part with this precious land and put it into the public trust.

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Feminist Giving News in a Post-Roe World

Along with all of the other forms of oppression that a world without access to abortion brings, a particularly stark example of the violence that women face in the patriarchy occurred here in Rhode Island recently. Jennifer Rourke, who is part of the Rhode Island Cooperative, an alliance of progressive democratic candidates running for state office, was punched repeatedly by her opponent in the Senate race, Jeann Lugo.

Jennifer Rourke, candidate for Rhode Island State Senate. (Image credit: Jennifer Rourke)

Jennifer Rourke was speaking at a rally to protest the end of Roe V. Wade in Providence. After speaking, she was standing in the audience with friends. According to Matt Brown, candidate for Governor in Rhode Island and co-founder of the Rhode Island Co-op, three right-wing counter-protesters showed up. Jennifer, as one of the leaders there, approached the situation to try to de-escalate and defuse any possible conflict or disruption to the event. But moments later, Lugo, who is a Providence police officer and was off-duty, punched her in the face. The incident was caught on video by Bill Bartholomew.

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Why Kendra Scott Gave $13.25 Million for Women Entrepreneurs

“This gift is about supporting the next generation of women entrepreneurs,” said Kendra Scott, philanthropist, designer and professor of practice at University of Texas at Austin College of Fine Arts. Since 2019, when Scott first started an institute for women’s leadership in business at the school, she has enjoyed seeing women expand their horizons. “I’ve loved seeing UT create a space where women are inspired and motivated to be leaders in business and to use their knowledge, skills, and energy to keep changing the world and outdated business stereotypes.”

Kendra Scott, pictured at the women’s leadership center she founded at the University of Texas at Austin. The Center has now been endowed with $13.25 million from Scott, in order to expand education, space, and resources for women in business. (Image credit: Kendra Scott)

Kendra Scott started her company in 2002, just three months after her first son was born. With $500 and a love for dynamic design and good quality materials, she grew a start-up jewelry business into a company with over 2,000 employees (96% women) and expanded the product line to include home décor and beauty. 

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