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.
Race and gender play an important role in economic outcomes. In addition to the gender pay gap, women of color lag well behind white women in economic well-being.
A recent infographic “Rhode Island Women of Color 2018: A Snapshot” published by the Women’s Fund of Rhode Island (WFRI) indicates sharp disparities between white women and women of color across a range of economic indicators including wages, poverty, educational attainment and home ownership. The WFRI research was done in partnership with the Providence, Rhode Island-based Economic Progress Institute.
CBS corporation announced today that 18 organizations will receive $20 million in funding to address sexual harassment in the workplace. Many of these organizations are longtime players in the women’s rights space, including New York Women’s Foundation, Women’s Media Center, and the National Women’s Law Center, while others are brand new to the field, like TIME’S UP. These grants are part of CBS’s separation agreement with former CEO Les Moonves, which stated that the donations would be deducted from his severance pay.
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.
Like many organizations in the women’s funding community, Women’s Funding Network had a robust year of working on the issues most important to women, including financial empowerment, collaborating with men as allies, and strategic leveraging as a donor and an advocate.
To go a little deeper into this past year of activity in feminist philanthropy, we decided to talk to Cynthia Nimmo, CEO of the Women’s Funding Network, and hear about what it felt like to run one of the most important organizations in the women’s funding space.
The election of Donald Trump has sparked a wave of political activism never seen before, particularly among progressive donors.
According to the Center for Responsive Politic’s data, the top 154 donors spent a combined total of over $700 million this election cycle, with Democrats and progressives spending an estimated total of $327 million in this election, and Republicans and conservatives spending an estimated $350 million.
While the Center for Responsive Politics is reporting that this year’s midterms were by far the most expensive in history, with a large share of that spending coming from the right, another large share of that spending involved progressive women donors opening their wallets to fund the protection of key civil liberties including reproductive rights, health care, and social inclusion.
How do you create better leadership? By electing quality leaders that reflect the values of the people. With the 2018 elections, Americans have elected more leaders than ever who share a vision to make the country more inclusive and safe, particularly for women, minorities, and marginalized populations.
As feminist philanthropy leaders praise the outcome of the 2018 elections, they are also using this moment to continue advocating for the causes of women’s rights and reproductive freedom. “Women’s Funding Network was created 30 years ago to increase women’s leadership in all arenas – media, corporate, policy, philanthropic. Progress is made every day,” tweeted Cynthia Nimmo, CEO of the Women’s Funding Network. “Today, so proud to see a more inclusive democracy in America.”
If you are a woman who needs medical care, it often becomes crystal clear to you that the health care system doesn’t understand your problems very well. As celebrity chef and gender equality advocate Padma Lakshmi put it at the recent Social Good Summit in New York, when speaking about her own difficulties getting care for endometriosis: “I realized there was a lot of misogyny in the health care system.”
But hopefully as we progress in medicine, misogyny will be rooted out, and more doctors will learn how to attend to the full spectrum of women’s medical concerns. To aid in that process, a $10 million commitment was recently made by philanthropist Iris Cantor to the David Geffen School of Medicine at UCLA. These funds will be used to advance the medical school’s work to educate and train both clinicians and researchers in the field of women’s health care.
As feminist strategies in philanthropy continue to grow, new organizations are being created to serve the needs of this sector. Among these new organizations is the Secret Sisterhood, founded by Australian entrepreneur and philanthropist Jacquie Love. Launched in the second half of 2017, the enterprise reports already having 40,000 women in its network.
Along with creating jewelry that celebrates gender equality and women’s leadership, the Secret Sisterhood conducts “philanthropic journeys” — travel events in the developing world that offer women an opportunity to see first-hand how philanthropy can aid in gender equality movements. The journeys have four aims — empowering female entrepreneurs in developing nations, reducing human trafficking, eliminating violence against women, and providing education for girls.
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.