Women in Business Archives

Announcing SHEcovery, A COVID Response Call to Action from CFW

In the wake of the pandemic, the Chicago Foundation for Women (CFW) has launched SHEcovery to support women of color in the workforce.

The Chicago Foundation for Women has launched SHEcovery as a call to action to invest in women and girls. (Image credit: Chicago Foundation of Women)

Decades of hard-fought gender equity progress have vanished over the past 18 months as women have been pushed out of the workforce in record numbers due to COVID-19 while taking on increased childcare and caregiving responsibilities. To address these challenges head-on, Chicago Foundation for Women (CFW) today announced SHEcovery™ – a commitment from the Foundation to fund, support, and build a more equitable system that supports Women of Color.

Cannabis One of Best Industries for Gender Parity, Says AskGrowers

Irene Stepanenko, CEO of AskGrowers, reflects on gender equality in the cannabis industry as a celebration of Women’s Equality Day.

AskGrowers is a community of people working in the cannabis industry to provide trusted product advice and information. (Image credit: Unsplash)

Women’s Equality Day is celebrated annually on August 26 to commemorate the adoption of the 19th Amendment to the U.S. Constitution, which prohibits states and the federal government from denying citizens the right to vote based on sex. The right of women to vote and participate in society and various industries was first enshrined at the state level. In practice, women still continue to struggle for equal opportunities and privileges. This sentiment was echoed in former President Obama’s Proclamation on August 25, 2016, “Today, as we celebrate the anniversary of this hard-won achievement and pay tribute to the trailblazers and suffragists who moved us closer to a more just and prosperous future, we resolve to protect this constitutional right and pledge to continue fighting for equality for women and girls.”

Teneral Cellars’ New Wine Collection Funds Women’s Health

Teneral Cellars’ new “Healthy Women, Healthy World Collection” has launched to raise awareness of and money for women’s health.

Teneral Cellars, a purpose-driven all digital winery, announced the launch of its Healthy Women, Healthy World Collection featuring a trio of wines that bring attention to reproductive, heart and breast health issues that affect millions of women globally. With every three-pack sold, $10 will be donated to the Endometriosis Foundation of America (EndoFound).

Teneral Cellars Launches Healthy Women, Healthy World Wine Collection Supporting the Endometriosis Foundation of America (Image credit: Teneral Cellars) — Teneral Cellars Launches Healthy Women, Healthy World Wine Collection is supporting the Endometriosis Foundation of America (Image credit: Teneral Cellars)

Women’s health is the cornerstone of all healthy communities. The collection speaks to the brand’s core mission to elevate women and inspire change, encouraging women to focus on their own health and take care of each other so that no one is neglected. Unfortunately, due to gender and racial bias in medicine, women are less likely to have pain treated, symptoms taken seriously, or be given a diagnosis, all of which can have serious implications.

$1.5 Million Grant Will Help Black Women in Biz Succeed in America

A generous $1.5 million grant given to Grameen America is intended to assist black women entrepreneurs with their businesses.

On August 17th, 2021, Grameen America announced that it received this $1.5 million grant from the Truist Foundation. The Truist Foundation is dedicated to funding nonprofits that work with their communities toward better quality of life. They describe their purpose as being “to inspire and build better lives and communities.”

Grameen America Empowers Low-Income Women

Grameen America is a nonprofit aimed at helping low-income women build small businesses, along with other entrepreneurial ventures necessary for this. Founded by Nobel Peace Prize recipient Muhammad Yunus, the organization provides microloans, training and support to help communities flourish and combat poverty in the United States. They have invested more than $2 billion in women entrepreneurs since their inception in 2008.

Intersectional Philanthropy: A Conversation with Suzanne Lerner

Editor’s Note: This Q&A was created with the assistance and guidance of Claudia Carasso, Founder and Principal of Elastic Minds. This post was originally published on September 10, 2020.

After our July webinar, “Lack of Funding for Women and Girls of Color: What Donors Can Do,” we had a chance to speak further with our guest, Suzanne Lerner, on her approach to intersectional gender lens philanthropy.

*Suzanne Lerner, Co-Founder of clothing brand Michael Stars, is an activist entrepreneur with a primary focus on gender & racial equality, and the economic empowerment of women & girls. (***Image Credit:** *Suzanne Lerner)*

The conversation below explores Lerner’s experience as a philanthropist, business leader, and activist entrepreneur, as well as what other funders and company leaders can do to advance an intersectional focus in their approaches to philanthropy.

Finance Expert: Minimize Charity. Maximize Gender Lens Investing

Editor’s Note: This article was originally published on November 10, 2019.

Tracy Gray has something important to tell women about their philanthropy: do less of it. It’s not the usual message that donors get from the world, and it’s not the usual message here at Philanthropy Women, either. But the context of this message comes from Gray’s conviction that the quicker we grow women’s wealth through gender lens investing, the quicker we will move toward a better society.

Tracy Gray is the Founder of the 22 Fund, a growth equity investment firm that seeks to create more quality employment opportunities for women and people of color. (Photo credit: anitab.org)

“Take some of your money out of charity and put it into women-owned or women-led businesses,” Gray advised women donors, in a recent phone chat with Philanthropy Women.

Philanthropy or Investing: Why Not Both?

Editor’s Note: The following article was originally published on February 17, 2021.

When it comes to maximizing our financial impact, there is often an “either/or” approach to leveraging wealth. Do we use our dollars to fund a philanthropic effort, like a campaign or organization dedicated to women and girls, or do we turn our funds toward investment opportunities, like supporting companies with a strong commitment to diversity?

Ellen Remmer is a Senior Partner at The Philanthropic Institute (TPI) and Champion of Invest for Better. (**Image Credit:** Invest for Better/Ellen Remmer)

As new forms of giving spring up to meet the challenges — and opportunities — of a digital society, we are able to move further away from that attitude of “either/or.” There are ways to stretch our donor dollars further — through two types of collectives that maximize impact.

Shira Ruderman: Show With Actions, Not Just Words

Editor’s Note: This interview in our Feminist Giving IRL series features Shira Ruderman, Executive Director of the Ruderman Family Foundation, a private family foundation that invests in three primary areas of focus: advocating for and advancing the inclusion of people with disabilities throughout our society, strengthening the relationship between Israel and the American Jewish community, and modeling the practice of strategic philanthropy worldwide.

Shira Ruderman is the Executive Director of the Ruderman Family Foundation. (Image Credit: Ruderman Family Foundation)

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

I wish I knew philanthropy is a life journey that you cannot get separated from. I view it like parenthood, you learn as you go. Philanthropy makes you recognize your passions, skills, views on life.

Research Alert: Why Women in Biz Are Using Fake Male Assistants

A recently revealed trend of female entrepreneurs using fake male assistants demonstrates how gender norms play out in business communication.

Kelly Doody of Social School. (Image Credit: Club Innovation Conference)

It is no surprise that women in business, especially those who are themselves entrepreneurs, face unique difficulties. A number of women have spoken out about this. A few women have even come out to reveal how they navigate these issues.

One way they have found helps their work is by having a fake male assistant who handles certain tasks.

Kelly Doody and Jandra Sutton are two such entrepreneurs who utilize this tactic. Doody is the CEO of Social School, and Sutton is a podcaster. Sutton revealed her use of a fake male assistant in a tiktok that went viral, seen here.

Educating a New Tech Generation in Cambodia with Sisters of Code

Sisters of Code is the first female coding club in Cambodia, where the field of technology is heavily male-dominated. The program was established in 2019 to empower female students and support them through education so that they can reach their full potential and grow a new generation of digital creators.

“Girls can often hear that technology is not a career path for a lady,” said Mrs. Natalja Rodinova, Sisters of Code founder. “But why would we exclude 50% of the population not even giving a chance? That is what Sisters of Code wants to challenge.”

Women often feel unwelcome in the tech industry. They get negative comments about their skills, they don’t have enough role models, and they don’t get enough support. Sisters of Code helps girls grow confidence and challenges long-held gender stereotypes by providing an environment where young women can learn directly from other female instructors, encourage each other, and share in their accomplishments.

Category: Women in Business