Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital, shares her expertise on the growing use of Donor Advised Funds by women’s funds and giving circles.
“There’s a time and place just for grants, and there’s a time and place for gender lens investing, but if you can find that sweet spot where they come together, that’s what gets me going,” says Katherine Pease, Managing Director and Head of Impact Strategies for Cornerstone Capital.
For Pease, the two strategies of gender lens grantmaking and gender lens investing can play a complementary role, particularly when using the Donor Advised Fund (DAF) as an investment vehicle. For women’s funds and foundations, Pease sees an expanding use of DAFs to create new ways to reach women at all levels of society with resources to grow their power.
Linda Davis Taylor, CEO of Clifford Swan Investment Counselors, shares her vision of the growing influence of women in philanthropy and finance.
If there’s one thing Linda Davis Taylor thinks there’s too much of, it’s women taking concessions in salary negotiations. As the CEO and Chairman of Clifford Swan Investment Counselors, Taylor is calling on all women to create a culture where women ask for what they deserve at their jobs.
“I still hear so many women say they don’t know how to negotiate their salary, even women in top leadership positions,” said Taylor, in a recent interview with Philanthropy Women. She wants to see women get much more comfortable with having those difficult conversations that ensure equal pay and benefits for work at all levels and in all industries. She also wants to find more ways to ensure that “we start early enough in encouraging women to understand their role in salary negotiation.”
Take the Lead recently announced the launch of a new program to strengthen women’s leadership in journalism.
Women’s leadership is getting more strategic support to improve gender equity in journalism. Recently, Take the Lead announced a new program that is launching with support from both the Ford Foundation and the Democracy Fund. The program is called 50 Women Can Change the World in Journalism, and is aimed at “harness[ing] the collective power of women in journalism to build a more just and equal world,” according to a press release announcing the new endeavor.
Starting this year, 50 women journalists will engage in online and immersive learning with the program. The cohort will work to “re-envision journalism,” a profession dominated by women, but where women rarely make it into the top spots or earn as much as men.
“Women represent more than half of the journalism workforce, but are chronically underrepresented or misrepresented in journalism leadership,” said Gloria Feldt, Co-founder and CEO of Take the Lead. “Inequities within journalism must be rectified.”
To chip away at this inequity, the new journalism program will provide support and ongoing partnership with its first cohort of fifty professional journalists stationed around the country in publishing outlets. “Cohort members for this first #50WomenCan journalism program include many leading figures in communications,” says Feldt. “From The New York Times to The Center for Investigative Journalism to NBC News, our attendees are coming from the industry’s top media outlets.”
The Ford Foundation’s support for this project grows out of its mission to address equality in society. “Gender equity in journalism, as it is in any profession, is needed to ensure that all voices and viewpoints are heard, reflected and respected,” said Farai Chideya, Program Officer for Creativity and Free Expression at the Ford Foundation. “50 Women Can Change the World ensures this will happen.”
Rachel L. West of #MacroSW discusses how philanthropy can collaborate with social work to address systemic and structural problems.
Sometimes people misunderstand social workers as professionals who are not focused on impacting larger systems with their work. This mistake was brought home in philanthropy recently when the MacroSW collective, a group of social workers focused on larger social issues, had to correct the perception being given at the Nonprofit Quarterly that “You can’t social work this” as a way of saying “You can’t fix this problem with social work.”
The response from the MacroSW collective, entitled Why We Have to Social Work This, points out that many social workers commit their life’s work to addressing systemic and structural problems in society, providing leadership for policy, legislation, and community organizations. It’s called Macro Social Work — as in looking at the “macro” or bigger picture to find solutions to social problems.
ReflectUS is a bipartisan coalition of leaders working to get more women elected to public office.
One of the largest public women’s foundations in the country is hosting a convening of leaders in Dallas to address the lack of gender equality in local government.
The Texas Women’s Foundation will host 60 women leaders from diverse backgrounds to work on getting more women elected to public office in Dallas County. On February 6, these leaders will come from many organizations we have talked about here at Philanthropy Women, including IGNITE, Vote Run Lead, and She Should Run.
All of these organizations are part of a larger network called ReflectUS. Reflect.US is a nonpartisan coalition of seven leading women’s organizations: Represent Women, She Should Run, Empowered Women, Women’s Public Leadership Network, IGNITE, Vote Run Lead and Latinas Represent.
Women are cracking the glass ceiling and making it into top leadership positions amid the #MeToo Movement, according to new research, but the distribution of female replacements varies by geography and social sector.
In an article in the Houston Chronicle, authors Yan Zhang and Yoon Jung Kwon, a professor and Ph.D. student at Rice University Jones Graduate School of Business, argue that the phenomena of women replacing men in leadership roles holds great potential for signaling all sectors of society about changing gender norms. Even in heavily male-dominated sectors like major league men’s sports, a new era is dawning in which women’s leadership will provide a different paradigm.
Cynthia Marshall was hired as the new CEO of the Dallas Mavericks last February, with the mission to clean up the toxic culture of the franchise.
Marshall’s appointment at the time was not an anomaly. According to data recently compiled by the New York Times, the #MeToo movement has brought down 201 powerful men (and three powerful women). Among the 98 men whose positions have been filled, half of their replacements were women. However, the percentage of female replacements was lower in Republican states than in Democratic states, and it was lower in government, politics and businesses than in media, entertainment and education.
An important point here for women donors to contemplate: moves like that of the Dallas Mavericks bring the #MeToo movement into the popular culture domain through sports, and this may be an effective way to create visible leaders for gender equality that contribute significantly to social change.
The research also highlights an important problem: women in the fields of government, politics and business need more opportunities to rise into leadership positions. Feminist philanthropists are uniquely positioned to push for this in the companies that they own or invest in, and by contributing to PACs, women candidates, and organizations supporting the government and business leadership pipelines for women.
Back to the article:
Replacing accused men with women amid the #MeToo movement offers important benefits to the institutions where the scandals were uncovered.
First and foremost, replacing an accused man with a woman immediately sends a signal to external and internal constituents that the institution is going to change its culture. Second, since most victims of the #MeToo movement are women, it is easier for a female replacement than a male to connect with the victims based upon their gender similarity.
In the case of the Mavs, minutes after accepting the job offer, Marshall joined the team’s owner Mark Cuban for a news conference, in which she told the media, “I want to do it for the sisterhood.” Such a commitment to the “sisterhood” is unlikely to be made by a male replacement. The connection between a female replacement and the victims can help the institution repair its stigmatized image and damaged relationships with constituents.
Seriously, try to imagine anyone other than a woman taking a CEO position and saying they are going to do it “for the sisterhood.” This kind of leadership sends major shock waves through the culture and helps shift our understanding of what it means to be a leader.
By finding ways to link women’s empowerment and safety with cultures that are known for being particularly male-dominated, like major league men’s sports, feminist philanthropists may find unique opportunities to create awareness and foster social change.
Type Media Center, formerly the Nation Institute, is women-led and majority women-owned, and invites women donors to fuel their growth.
“When the Nation Institute was founded more than 50 years ago, we were a modest organization affiliated with the Nation Magazine — but that name no longer reflects the breadth and impact of what we do today,” said Taya Kitman, Executive Director and CEO of Type Media Center, regarding the rebranding of the organization.
Type Media Center, the rebrand of the 52-year old Nation Institute, will be dedicated to “world-class independent journalism and publishing”and will be a nonprofit media company with two major programs rebranded as Type Investigations and Bold Type Books.
Paula Hodges is founder of Anchor Strategies and was the founding Executive Director of New Hampshire Progress Alliance, New England’s first pooled investment fund for incubating durable, permanent progressive infrastructure. (Image credit: Paula Hodges)
Admittedly, I am not a philanthropist. But managing the money of philanthropists for progressive social change has given me a unique appreciation for the essential role of people and organizations that connect philanthropy and political strategy.
I’ve spent most of my career as that staff person expected to change the world $1,000 at a time, one issue at a time. In roles such as manager of young organizers, volunteer coordinator, lobbyist to fickle legislators, major gifts director, and Executive Director, I have worked to change political decision-making systems, often while holding up woefully under-staffed legislative and advocacy initiatives. As a single person Public Affairs or Program Director, I sometimes served in the role of five people, and was seen as a savior if I could project-manage a couple coalitions on the side – you know, for the good of the cause.
Jean Case, CEO of the Case Foundation, and author of Be Fearless: Five Principles for a Lifetime of Breakthrough and Purpose.
Recently I interviewed Jean Case for Inside Philanthropy and learned about how her early years as a survivor of hardship helped her prepare for a lifetime of success in business and philanthropy. We also discussed how to maintain a fearless attitude in both business and philanthropy, so that you don’t become afraid of all the risks, hassles and pitfalls that drive a lot of people to drop out of pursuing plans in both spheres.
Toward the end of the interview, I asked Case about her perception of women in philanthropy and how their influence is shifting the landscape:
Another part of our culture where Case sees growing fearlessness is in women’s influence on money, both in philanthropy and in the private sector. “It goes way beyond philanthropy and into investing,” said Case.
Case sees a different culture being fostered both in business and philanthropy, in which “women care very deeply about supporting other women,” and are willing to back each other’s work with financial as well as other forms of support. “Our work [at the Case Foundation] in the inclusive entrepreneurship realm is all about that.”
But she was clear that the gender gap still needs to be remedied in order to achieve the diversity needed for a healthier economy. “We need all the players on the field, and today, we don’t have them.”
“Women and millennials are looking at social justice issues and seeing how we can do things differently,” said Case. In the business sector, she recognized that corporations are paying more attention than ever to the Sustainable Development Goals and the need for gender equality to be part of the equation for a healthy global economy.
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.
Here is more information about what is happening tomorrow night at 6:30 ET:
The Real Story: Women in Journalism Find Fair Solutions
Women are cracking the glass ceiling and making it into top leadership positions amid the #MeToo Movement, according to new research, but the distribution of female replacements varies by geography and social sector.
