As of this past Monday, the Women’s Funding Network (WFN) has launched its newest initiative: Wercspace.org, a free website for women entrepreneurs to build their network and their business. With this new space for women, WFN hopes to provide a community for women-owned businesses of all stripes to come together and support each other.
Wercspace.org acts as a business-oriented social networking site with a feminist approach. It provides access to a community of women-owned business that members can add as contacts, instantly building women into communities to help one another. Another section of the website is dedicated to resources and tools for business owners. These resources range from marketing to certification to self-care, and allow members to receive assistance based on the stage of their business. Furthermore, the site provides links to free and low-cost online courses in a variety of fields. These courses, along with the business stories of female entrepreneurs, emphasize the importance of learning and keeping an open mind as a business owner and a feminist. The site also includes information on funding a business, providing various links and sources of information.
It’s not always pretty how the sausage, salad and salmon get made. Low-pay and difficult working conditions are commonplace in the restaurant industry. Many workers are part-timers, and few have benefits. Moreover, workers’ tips are sometimes stolen by management, and wages can go unpaid. These problems are particularly acute for immigrants, who are over-represented in the restaurant industry, and often have little recourse. Women, who comprise over half of industry workers, must further contend with sexual harassment, which is rampant in food-service businesses.
I’m glad to be collaborating with David Callahan and publishing occasionally on Inside Philanthropy again. Here is my latest piece, featuring longtime philanthropy professional Kathy LeMay talking about her new masterclass for social change fundraising.
The topics of listening and participatory grantmaking are trending heavily in philanthropy right now, and for good reason. We are living in a time when the lack of listening and responsiveness from government and other social institutions is finally getting people’s attention. LeMay’s masterclass sounds like an opportunity worth exploring if you are particularly interested in engaging donors deeply in their mission and strengthening your skills as a change agent and fundraiser.
It’s a busy week for me, as well as for a lot of other gender equality advocates. Some big names in gender equality are coming out for Valentine’s Day. Here’s a list of a few of the events going on to give voice and power to gender equality movements on February 14th.
Tarana Burke Will Speak At Brown University: The recently rediscovered leader of the #Metoo movement, Tarana Burke, will be hosted by both RISD and Brown University for a discussion on February 14th. The title of the discussion is, #MeToo: What’s next in Healing and Activism, and the event is already sold out, but if you want to get on the waitlist, you can go here.
A new report out from the Women’s Philanthropy Institute helps to distill some key traits that progressive women donors share. The report, entitled “Giving By and For Women,” is a first-of-its-kind study involving in-depth interviews with women donors who are focused on giving to women and girls.
“Acquisition of wealth gives these donors hyperagency,” says the report’s conclusions, and this hyperagency is worth studying for the way it influences social change. The common traits that these donors exhibit are worth recognizing, since they form a particular pattern of life experiences and values that contribute to the focus of their giving. The report also importantly notes that “these interviews are not generalizable to a larger population of donors.”
Looks like there is some fun to be had in Boston on February 15th, as the Lesbian Political Action Committee (LPAC) holds its first fundraiser of 2018. The event will feature political humorist Kate Clinton, as well as Attorney General Maura Healy.
“This is a critical year for LGBTQ people, women, people of color and all progressives, and we hope the Boston community joins us to learn how we can support progressive candidates and advance positive policy outcomes,” said Diane Felicio, a Boston-based member of LPAC’s National Board, in a press release announcing the fundraiser.
“I remember standing up at a conference 16 or 17 years ago and saying that my dream is that there will be a women’s giving circle in every city in America,” says Sondra Shaw Hardy. “I feel that my goal now is to take giving circles worldwide.” To that end, Shaw Hardy is starting a new organization called Women’s Giving Circles International, which will make expanding the giving circle model globally its primary goal.
One of our goals at Philanthropy Women is to explore different ways to invest in reducing the gender gap and building a better economy — ways that operate in both philanthropy and in regular business markets. Alongside gender lens grantmaking, progressive women donors also have another important way they can deploy their capital for gender justice: gender lens investing.
One new investment instrument that recently came to our attention is BRAVA Investments, headed by CEO Nathalie Molina Niño, with partners Trevor Neilson and J. Todd Morley. BRAVA is not primarily focused on supporting women owned start-ups or getting more women into the c-suite of corporations (though this is something they look at), but on investing in industries that economically benefit employees or consumers that are disproportionately women.
This is our first year here at Philanthropy Women, and these our inaugural awards. They go to recipients who have demonstrated exceptional leadership in the field of gender equality philanthropy. These awards draw on the database of Philanthropy Women’s coverage, and are therefore inherently biased toward the people and movement activity we have written about so far. As our database grows each year, we will cover more ground, and have a wider field to cull from for the awards.
Bridge Builders Award for Network and Collaborative Giving Leadership
Great news for the gender lens investing sector — 2017 brought a massive 41% increase in public market securities that use gender lens strategies.
A report entitled Gender Lens Investing: Investment Options in the Public Markets produced by Veris Wealth Partners has the details. Suzanne Biegel, Founder of Catalyst At Large, is credited with collaborating and gathering the information used in the analysis, this being her second year working in partnership with Veris Wealth Partners to create the public market scan. The study pulls together information from over 23 gender lens investment instruments produced by a wide range of financial companies including Barclay’s, Pax Ellevate, State Street Global Investors, ThirtyNorth Investments, Morgan Stanley, and others.