Guests on tomorrow evening’s Virtual Happy Hour with Gloria Feldt include Reshma Gopaldas, Mira Lowe, and Amy Emmerich.
Tomorrow evening’s Take the Lead Virtual Happy Hour will feature an exciting group of women talking about one of my favorite topics: journalism. Tomorrow’s event is called The Real Story: Women in Journalism Finding Fair Solutions.
The web call will discuss ways to promote change that will make for more equal representation and pay of women journalists. Given that Philanthropy Women is a journalism endeavor, I am planning to be on that call to see what I can learn for my work, and to discuss philanthropy’s current and future impact on these issues.
Impact Alpha is a digital media company that describes its mission as “redefining business journalism around social and environmental value.”
Recently, I listened in on a call hosted by Catalyst at Large Suzanne Biegel, and author David Bank of Impact Alpha. Guests on the call included Luisamaria Ruiz Carlile of Veris Wealth Partners, which specializes in gender lens investing and research.
The call provided fascinating insights into the world of gender lens investing. Though in its early formative years, gender lens investing is a growing area of financial investment that is destined for big things.
Biegel began the call by giving an overview of both the expanding language and the expanding financial investments in the gender lens investing sector. “Gender lens investing is still small in the relative scheme of things, but it’s so much bigger than it was,” said Biegel. She shared the latest statistics from Project SAGE at the Wharton School of Business Social Impact, which turned up a record 87 funds that are now investing with a gender lens, with 46 of those funds being new creations that occurred between 2017 and 2018.
This is just a quick post before taking a few days off to enjoy time with family and friends. We will be covering several important events in upcoming posts, including a fascinating call on Gender Alpha with Suzanne Biegel and David Bank, where they discussed how “Gender Alpha” is all about identifying the specific dividends that gender lens investing yields. Biegel and Bank are co-producers of November’s Gender-Smart Investing Summit in London. Guests on the call included Luisamaria Ruiz Carlile of Veris Wealth Partners, which specializes in gender lens investing and research.
And one other quick note to acknowledge the significance of the recent elections, where voter turnout was higher than it has been in 104 years. That’s right — the last time voter turnout was as high as it was in 2018 was in 1914, before women even had the right to vote. Now that women and millennials are getting into the driver’s seat with social change, we hope to see even better voter turnout in 2020. I don’t know about you, but I am mighty thankful that people are finally getting the message (it seems!) about the importance of civic engagement. That could mean in 2020 we elect a President that gets us back on track in terms of valuing safety, diversity, and systems change to address inequality.
Since 1998, Women’s Net has been providing grants to women entrepreneurs with no strings attached. This is an exceptionally successful model that could potentially be replicated in a world where women in business are rising.
One thing is for sure: there are not enough financial supports out there for women. As a woman myself developing the sustainability of my publishing work, I am always on the look-out for ways to get a stronger foothold in my own business/nonprofit niche, and I know many women who are in the same boat. Banks and investors routinely discriminate against women entrepreneurs when giving small business loans and venture capital, so where can women entrepreneurs turn when they are angling to start successful small businesses? But some women are starting businesses to offset all of this, and one of those businesses is WomensNet.
Gender Matters by Kathleen E. Loehr explores how fundraisers can widen the aperture on their lens for approaching donors in order to maximize women’s giving.
Once you study women’s philanthropy for long enough, you begin to recognize that a confluence of events relating to women and giving are changing the philanthropy landscape in significant ways. One of the scholars who has studied women’s philanthropy and done this dot-connecting is Kathleen E. Loehr. In her new book, Gender Matters: A Guide to Growing Women’s Philanthropy, Loehr addresses the important question of how fundraisers and those committed to women’s giving can take specific actions that will increase women’s philanthropy – already an area of giving scheduled for a large uptick in the near future.
“It is time to rumble with our stories about women’s philanthropy,” says Loehr in the first chapter of the book, referencing a Brené Brown concept about rumbling with the truth to find the real story. In the introduction, Loehr describes a method for asking questions called Appreciative Inquiry, which “involves the art and practice of asking unconditionally positive questions” as a way to increase potential, by maximizing imagination and innovation in the responses being elicited. Loehr has written the book with an Appreciative Inquiry framework, which informs much of what Loehr recommends in terms of a strategy for approaching women donors.
In the book, Loehr combines the ideas of Appreciative Inquiry with an approach to leadership that works to align strengths in an organization, so that weaknesses are so insignificant that they are not even worth noticing. With these approaches in mind, Loehr starts with a call to look more closely at the data about the donors you are trying to reach. With specific examples guided by fundraising campaigns of colleges like Duke and William & Mary, Loehr demonstrates how a closer look at the data yielded a decision to shift fundraising approaches in order to collect the unharvested revenue of women’s giving.
But research is, of course, not enough. Loehr then provides guidance around how to create a high-quality action plan that will increase your donor engagement with women. In part two of the book, entitled Dream, Loehr invited readers into transformative reflection where they can “create a compelling mental picture of what is possible.”
By doing so, Loehr helps drive readers toward the next big step in carrying out their plan: declaring a vision. Through the process of declaring a vision, Loehr shows how intention is amplified, resulting in a stronger approach that will pull in donors, particularly women. Loehr also calls on fundraisers to build networking and collaboration into their vision, since research shows that women are more receptive to giving when they see themselves as joining with other women on a similar mission and participating in design of the project.
What Happens When We Ask Big Questions
Loehr is particularly adept at providing questions in the book that will “prime the pump,” to so speak. She recommends questions that help prospective women donors articulate their own experiences with giving so that fundraisers can fully engage in appreciating those experiences and use them to create that compelling mental picture that will grow women’s support. Here is a small sample of some of those positive, open-ended questions you can pose to donors about their past giving experiences:
What has been your most exciting experience in giving? It does not need to be related to this organization.
Tell me the story. What happened?
What enabled this gift? What role did you play? What role did the organization play? What role did the staff person play in relationship to this experience?
What else made this experience possible?
Loehr suggests that asking these questions help women donors contextualize their giving experience and focus their attention on remembering what that experience was like for them. While such an approach might sound obvious, it is not in the old playbook of “best practices” for development and fundraising professionals.
Loehr also highlights significant research for guiding the ongoing donor-grantee relationship, including how much to communicate with women donors. “It is unlikely that women will feel they are getting too much communication,” writes Loehr, a research-based insight that is important to keep in mind when redesigning fundraising campaigns with women more in mind.
Gender Matters is an important new resource for those who see the potential for women’s giving to influence both philanthropy and civil society as a whole. The guide will help readers notice their own assumptions and how they might be driving their behavior, so they can imagine and explore better ways to reach women as philanthropists.
Jessica Houssian, Jacki Zehner, and Kathy LeMay, September 2018 Annual Women Moving Millions Summit in Seattle, sponsored by The Bill & Melinda Gates Foundation.
Wow, what a read. I had to keep stopping at points to walk around the block and get my core energetics realigned. Jacki Zehner literally pours her heart out in this stunning blog post where she shares about her experiences rising to the C-Suite at Goldman Sachs, as well as her intense love for gender equality philanthropy, which has been expressed in over a decade of devotion to growing one of the most important organizations in gender equality philanthropy, Women Moving Millions.
Zehner starts by letting readers know that this writing is more or less automatic — that is, she is going for a Jacki Unfiltered here. What we learn by reading this piece is that Zehner is a complex leader with significant life experiences that inform her activism for women’s rights.
Ever-considerate of others, Jacki warns us that 14 pages have emerged from this attempt to shine a spotlight on her thinking and feeling life. She then goes on to enter into some of the most exciting (and sometimes painful) thoughts and memories. As just an example, check this out:
If there was such a thing as a ‘finance professional Olympics’, becoming a partner at Goldman, especially as a young woman, would represent a gold medal. Of course, I know that there may be someone who reads this and posts in the comments section something along the lines of “die you wall street whore” as they have in the past when I blog freely about Goldman, but so be it. To that potential person I say in advance, “I hope that has helped you feel better about yourself.” […]
Beyond unflinching glimpses like these into Zehner’s mind, the post also delves into many significant life events, including some serious traumas. Her writing is the kind of material that future (or present) movie-makers will want to read in order to gather key scene details for the inevitable biopic of Zehner’s life. For example, here is just one in a bulleted list breaking down the timeline of Zehner’s progression:
Finding Women Moving Millions – 2002 to 2009. As the years from 2002 onward moved forward, I was spending more and more time with philanthropic groups focused on girls and women, and in particular women’s funds. My interest in supporting women’s leadership poured in to my work with various non-profits, and one of the main reasons I loved Women’s Funds so much. I had joined the board of the Women’s Funding Network, and it was there that I got to the know the incredible Chris Grumm. She became, and still is, a role model for me for courageous leadership. She is the one who invited me to consider joining the Women Moving Millions Campaign, as she was a co-founder of it. WMM at the time was a campaign to encourage women to make million dollar commitments to women’s funds. Again, holy shit, I could go on and on and on right here, but I won’t. The need to know piece for the rest of this story is that this moment was transformational for me. Why? Because the act of making that commitment, the moment of stepping onto a stage at the Brooklyn Museum to have a group photo taken by Annie Leibowitz to mark that moment in history where for the first time women of means came together to fund women at the million dollar level, helped me to see clearly what the next stage of my life would be about: helping to unlock the resources of high-net worth women to support other women, and more broadly, gender equality. […]
It’s quite wonderful that Zehner has the clarity to speak about these experiences and mark how these transformations happened for her. By doing so, she is increasing the chances manyfold that other women will get up their courage to do the same.
One other sentence toward the end really popped out at me for how it evoked the shared effort that Women Moving Millions summits are, and how this results in shared experiences that can refuel our courage and make us more powerful. Zehner writes:
The WMM summit 2018 could not have been more incredible from start to finish. (My next long post will be about it all.) I am in awe of how beautiful the program was (thank you JESS), how perfectly it was executed (the WMM and TES team), how open people were (thank you attendees), how much people shared (thank you speakers), and how everyone trusted that we, WMM, had created a safe place for everyone to be their most vulnerable and by definition, their most powerful.
I don’t want to overshare or overanalyze here. I just want to thank Jacki Zehner (as I have privately and will now publicly) for her brave years of service to the community through Women Moving Millions. And then point everyone to Jacki’s blog to read the post and let it open your heart and mind.
Mothers of Invention, a new podcast featuring former President of Ireland, Mary Robinson, and comedian Maeve Higgins, will celebrate the fascinating world of feminist climate change strategy.
The Guardian reports that former President of Ireland, Mary Robinson, is launching a new initiative to call attention to feminist solutions to climate change.
Women around the world who are leading the fight against climate damage are to be highlighted by Mary Robinson, former president of Ireland and UN high commissioner, in the hopes of building a new global movement that will create “a feminist solution for climate change”.
Perhaps more revolutionary still, the new initiative is light-hearted in tone, optimistic in outlook and presents positive stories in what the originators hope will be seen as a fun way.
Called Mothers of Invention, the initiative will kick off with a series of podcasts showcasing the work of grassroots climate activists at a local level, as well as globally resonant initiatives such as the legal challenges under way in numerous jurisdictions to force governments to adhere to the Paris agreement goals. Scientists and politicians feature alongside farmers and indigenous community leaders from Europe, the US and Australia to India, Kenya, South Africa and Peru.
The podcast is a first for Robinson, who has focused on climate justicefor the last 15 years through her charity, the Mary Robinson Foundation – Climate Justice, and as one of the Elders group, after seeing at first-hand as UN commissioner for human rights the danger that global warming presents to women whose lives are already precarious.
Here at Philanthropy Women, we are tracking the grantmaking and strategizing that is happening in the ecofeminist space, from the new Roddenberry Prize seeking solutions to both climate change and advancement for women and girls, to the grantmaking done by the Gender Just Climate Solutions award, which makes grants that share both feminist and climate strategies. We’re also showing how women’s giving collectives like Rachel’s Network are bringing feminist philanthropists together who share a vision of how to integrate climate solutions with gender equality. Stay tuned!
The April 2018 issue of GreenMoney is entirely written by women leaders in the gender lens investing space.
Feminist philanthropists take note: The 25th Anniversary issue of GreenMoney is entitled Women and Investing, and is written entirely by women. Here are some quick summaries of the top articles.
Julie Gorte of Pax World/Impax AM:
In her piece, Gender Equality: With or Without the Federal Government, Gorte notes that the current GOP administration is less gender-diverse than the previous five (FIVE!) administrations. Gorte contends that there are many other ways that gender equality can be effected besides federal policy. She points to recent moves in corporations pushing for more board diversity, and provides evidence for gender equality being a significant stimulus to local economies.
Root Capital is partnering with an Australian Program to provide loans for women in agriculture in South East Asia.
While some feminist thought leaders such as Chief Executive of Women’s World Banking of Ghana, Charlotte Baidoo, are calling on microfinance institutions to do more when it comes to lending to women, Root Capital is beginning a new partnership with the Australian Government to do just that.
Root Capital will partner with the Australian Government’s program, Investing in Women, to deploy $2 million AUD (approximately $1.49 million U.S. dollars) in a ten-year program to support women business owners in South East Asia. As a partner of Investing in Women, Root Capital plans to bring in private sector co-investments for women’s small and medium-sized agricultural businesses in Indonesia, the Philippines, and Vietnam.
Microfinance in general has seen a large increase in funding over the past year, with reports of a 40% surge in capital in the microfinance markets. Now, organizations like Root Capital are taking the lead in helping women enter the economy and succeed in business.
“This is a major step forward for the impact investing and agricultural finance sectors,” says Root Capital’s Founder and CEO, Willy Foote. “Together with Investing in Women, we will catalyze the growth of women-led businesses throughout South East Asia—and in so doing, will significantly improve the livelihoods of both women and men in rural communities.”
The initial investment from Root Capital will fund new loans for women in Indonesia, where the organization has had a presence for the past three years. Root Capital’s work in Indonesia has resulted in more than $23 million in loans to ten agricultural businesses, improving incomes for more than 10,000 producers.
Root Capital launched its Women in Agriculture Initiative in 2012 and has since reached more than 270,000 women producers per year. This new partnership with Investing in Women will help to bring more women into leadership of agriculture in South East Asia. While women make up 50% of the agricultural workforce in South East Asia, they are less likely to be in leadership positions and lack access to training and resources like fertilizer and farm machinery. According to a press release announcing this new partnership, if access for women to key components of the agricultural business were equalized, “farm yields would increase by up to 30 percent—growth which could significantly increase rural incomes and reduce global hunger.”
Root Capital is a pioneer in both gender lens investing and in feminist philanthropy. An editorial published on Philanthropy Women last year, written by Charlotte Wagner of the Wagner Foundation and Catherine Gill, Executive Vice President of Root Capital, articulated key concepts in feminist philanthropy that guide the work.
The team from Leaf Wearables, winner of the $1 million prize in the Anu and Naveen Jain Women’s Safety competition. The prize was facilitated by XPRIZE, a new platform that specializes in “designing and implementing innovative competition models to solve the world’s grandest challenges.” (Photo courtesy of XPRIZE.)
Finding new ways for women to be safe in the community is still a high priority for feminist philanthropists everywhere. Now, with a new competition funded by Anu and Naveen Jain, more tools will be available for women to access emergency response.
The Anu and Naveen Jain Women’s Safety XPRIZE recently announced the winner of its $1 million competition: an Indian company called Leaf Wearables, which created a new device for triggering emergency response. The low-cost device, called SAFER, is aimed at making as many as one billion families safer.
“Safety is a fundamental human right and should not be considered a luxury for women,” said Anu Jain, who, along with her husband Naveen is co-founder of InfoSpace and is a Community Relations leader at Viome. The focus of much of Anu Jain’s philanthropy is centered on empowering women and girls. “With so many advances in innovation and technology today, it was unacceptable to us that we didn’t have a solution to help curb this sexual assault pandemic.”
Statistics about the high levels of harassment women face in India are startling. As many as 92% of women in New Delhi report experiencing some form of violence in public spaces over the course of their lives.
“We have been working tirelessly to solve the problem of safety using technology,” said Leaf Wearables team leader Manik Mehta. Leaf Wearables comes to the prize with the advantage of having significant market experience and success with an early version of SAFER that has aleady sold thousands of units in Indian markets.
“Women’s safety is not just a third world problem; we face it every day in our own country and on our college campuses. It’s not a red state problem or a blue state problem but a national problem,” said Naveen Jain, co-founder of the Women’s Safety XPRIZE and board member for XPRIZE. Naveen is the founder of multiple tech companies including Moon Express, Viome, Bluedot, TalentWise, Intelius and InfoSpace.
The competition launched in October of 2016. Eighty-five initial teams engaged in the competition, coming from 18 countries worldwide including the United States, India, Switzerland, Canada, Spain, Germany, China and United Arab Emirates. Prototypes for the competition were submitted in April of this year, and the five finalist for the prize engaged in a process of testing their solutions to see how the devices would function in diverse environments including high rise office buildings, college campuses, in public transit, and at home. Importantly, all of these devices are designed to work in areas where no cellular connection is available.
XPRIZE is a platform that specializes in helping nonprofits conduct competitions aimed at solving big world problems. Active competitions include the the $15M Global Learning XPRIZE, the $7M Shell Ocean Discovery XPRIZE, the $7M Barbara Bush Foundation Adult Literacy XPRIZE, and the $5M IBM Watson AI XPRIZE.
From the Prize Announcement:
GRAND PRIZE WINNER ($1M USD)
SAFER Pro from Leaf Wearables (New Delhi, India) – Led by Manik Mehta, a smart safety device that sends emergency alerts with location details to a users’ guardians when they sense danger. SAFER Pro is a small chip that can ultimately be put into any device or jewelry with a discreet emergency alert button. When the alert is received, it additionally lets you record audio from the time of the alert.
ADDITIONAL FINALISTS
Artemis (Lausanne, Switzerland) – Led by Dr. Nicee Srivastava, Artemis is developing a device that can be used to trigger an alert not just by a gesture, but also by seamlessly tracking emotional threat levels.
Nimb & SafeTrek (Los Altos, CA and St. Louis, MO, United States) – Led by Leo Bereschanskiy and Nick Droege, Nimb collaborates with SafeTrek to provide their customers an option to call for professional emergency services with just a touch of the thumb. The company was founded in response to rising concerns about safety on and off campus. Both teams work together to make the world a safer place.
Saffron (Bellevue, WA, United States; Tsinghua, China) – Led by Nicholas Becker, Saffron is a collaboration between the University of Washington and Tsinghua University through the Global Innovation eXchange (GIX), focused on developing wearable sensors and machine learning algorithms to create inconspicuous technologies that improve the safety and well-being of women around the world.
Soterra (Bethlehem, PA, United States) – Led by Lena McDonnell, Soterra used a combination of global positioning services, cellular data and bluetooth to build a versatile, reliable and affordable network to connect women to emergency support systems.
