Catherine Gill, Executive Vice President of Root Capital.
Editor’s Note: This post was written by Catherine Gill, Executive Vice President at Root Capital, in collaboration with Charlotte Wagner, Principal of the Wagner Foundation. We are publishing it here at Philanthropy Women because we couldn’t agree more with the message. I see the way feminists do philanthropy differently, and to me, it is the critical difference that has the capacity to reshape communities and economies worldwide. From Charlotte Wagner and Catherine Gill:
Here’s an indisputable fact: The future of philanthropy is female.
A huge amount of wealth is now in women’s hands, and they are ready to invest it where it’s needed most:
The title What Happened can be taken two ways: “This is how it went down,” and, “How did this unexpected, horrendous, and still mystifying result obtain? WTF Happened?” Clinton covers both, and is finally able to mention, now that the election is done, the role gender played.
In addition to the female factor, here is the short list of reasons Clinton enumerates that caused her defeat: race, the pseudo scandal of her emails, voter rage and desire for change, the media, fake news, the Russians, Comey, and Bernie. Plus, it is rare for a party which has held the presidency for two consecutive terms to win a third. Moreover, as Clinton points out several times, she won the popular vote—as did Al Gore in 2000—suggesting that the electoral college is a poor mechanism for expressing the national political will. To the above autopsy, add Republican voter suppression and gerrymandering.
One of the most significant barriers to women starting out in philanthropy is lack of knowledge about how and where to donate money. Women new to philanthropy, including women whose families may have ill-prepared them for the financial management of inheritance, may have trouble picking an organization or cause to focus on. They may be confused about which kind of donation will create the most value for an organization, or may simply not understand the tax ramifications of different forms of philanthropy. That’s where Women Donors Network (WDN) comes in.
Donna Hall, President and CEO, Women Donors Network, speaking at the WDN 2015 conference in New Orleans.
A network of progressive women philanthropists, WDN focus on three themes: connect, collaborate, and catalyze. In other words, WDN helps women get into relationships that teach them about philanthropy — how to collaborate on philanthropic projects, and how to act as catalysts for progressive social change.
Leanin.org, supported by Sheryl Sandberg, works to help address the gender pay gap and move more women into leadership roles.
Good news for the women’s philanthropy sector: Sheryl Sandberg has added another $100 million in Facebook stock to a Donor Advised Fund she uses to fund causes she cares about, with much of this new money going to Lean In, the nonprofit named after her best-selling book about how to succeed as a woman in business.
Sandberg represents a new prototype for women’s philanthropy: the young tech executive who sees gender equality philanthropy as a priority. These new funds will help Leanin.org expand its mission of increasing women in leadership.
Recode.com recently reported that Sandberg has transferred 590,000 shares of Facebook stock to a Fidelity Donor Advised Fund which she uses to donate to organizations she supports. According to Recode:
That includes two philanthropies Sandberg founded: LeanIn.org, a nonprofit focused on female empowerment; and OptionB.org, a nonprofit helping people overcome grief and adversity. Sandberg founded OptionB.org following the death of her husband, Dave Goldberg, in 2015.
The Sheryl Sandberg and Dave Goldberg Family Foundation, the umbrella organization for both nonprofits, will be one of the major recipients of this money, according to this source.
Sandberg has made major donations like this an annual affair. She donated $100 million worth of Facebook stock to her fund in late 2016, and another $31 million earlier that same year.
Some of the funds will also go to other causes, including childhood hunger, and funding for college for disadvantaged individuals.
Sandberg’s imprint on American society is growing as she continues in her executive business role at Facebook, and expands her gender equality philanthropy. She also plays a minor role in Hillary Clinton’s new book, What Happened, as a friend to Clinton who helped her understand the gender dynamics impacting her campaign for President.
We here at Philanthropy Women are very glad for Sheryl Sandberg’s support for women’s leadership and are inspired by hear attunement to the issues women face. We would like to see Ms. Sandberg pressure Facebook to stop supporting Backpage.com in its efforts to shirk off responsibility for the child trafficking that happens on their site.
Tomorrow at Georgetown University, a new nonprofit called Women on the Map will launch. WOMAP is a digital network which seeks to advance women in technology and digital affairs.
It’s always good to start the week learning about the launch of a new gender equality nonprofit. Tomorrow at Georgetown University, Women on the Map (WOMAP), an international, nonprofit organization dedicated to advancing the role of women and girls in fields of technology and foreign affairs, will officially launch. To celebrate the launch, WOMAP will host an expert panel discussion on how technology can empower women and girls. Following the panel, a photo exhibition will be unveiled which celebrates the history of female trailblazers from around the world who have contributed to women’s rights, peace and security as well as international business, development, diplomacy, and public service.
“Our aim is to provide guidance, resources and tools that will both strengthen and promote women’s networks on campus and beyond,” said Zoe Dauth, WOMAP founding director. The new nonprofit will have the support of the Georgetown Women’s Alliance, Georgetown Global Engagement, Gelardin New Media Center, and the School of Foreign Service Global Career Center.
Gwen K. Young, director of the Global Women’s Leadership Initiative and the Women in Public Service Project will moderate the panel discussion. Other featured speakers include Ria Bailey Galvis from Global Economic Policy Team, Google, Inc., Victoria Espinel, President and CEO of The Software Alliance, Prachi Vakharia, managing director of Womanium, and Lisa Singh, Associate Professor of Computer Science at Georgetown University.
Every time a new nonprofit for gender equality is developed, particularly in a place of such important thought leadership as Georgetown University, it is cause for celebration. The organization promises to explore new ways technology can empower women and girls, particularly shining a spotlight on financial inclusion and female entrepreneurship.
“We are proud of the attributes that make WOMAP a distinct and singularly effective organization,” said Dauth in a press release announcing the launch. “We are both young and intergenerational, dedicated to global citizenship and the full inclusion of the voices and perspectives of women and girls in decisions and policies affecting societies worldwide. Our mission and goals align with key components of the 2030 UN Sustainable Development Goals.”
The founder of Philanthropy Women, Kiersten Marek, wearing orange for gun safety.
Sorry for the lack of posting this past week — it has been a time of assessing our growth and figuring out next steps for Philanthropy Women. As the founder, editor, publisher, chief technologist, and business planner for this feminist media site, I needed to take time to research and develop some proposals for our growth. At the same, I also maintain a part-time caseload of psychotherapy clients, which wonderfully keeps me very in touch with the real world, but often requires much of my time and attention. In any case, I hope to share more about our future plans for Philanthropy Women soon.
In the meantime, if you are looking for more feminist media about women and philanthropy, consider subscribing to our daily Paperli called Giving for Good. It aggregates the news from about 150 sources in the progressive philanthropy sector including feminist foundations, women’s funds, and nonprofits working for gender equality. You might also consider following us on Twitter for updates on aggregated news from Klout, Bing, and other search tools.
We have some exciting interviews coming up, and more to share and discuss from Hillary Clinton’s What Happened, which I highly recommend as key reading material for those who seek to understand the election, women’s leadership in politics, and the need for gender equality philanthropy. I will be posting about a few other big philanthropy women news stories over the coming days, so I hope you will stay tuned!
I’ve been listening to Hillary Clinton’s What Happened in spurts over the past few days, and it’s time to start sharing some of the highlights. In her own voice on audio, Clinton speaks on a wide range of topics related to her political life. In particular, Clinton speaks with regret about taking speaking fees from large financial corporations and analyzes how the alt-right’s slandering the Clinton Foundation skewed the election.
I am now on Chapter 9, and this is when What Happened gets very relevant to philanthropy. I highly recommend listening to the book on audio — it really helps to have the words spoken by Hillary Clinton, who is destined for legendary status in the history of women’s advancement, whether she won the presidency or not.
From Hillary Clinton:
My life after leaving politics had turned out to be pretty great. I had joined Bill and Chelsea as a new Board member of the Clinton Foundation which Bill had turned into a major global philanthropy after leaving office. This allowed me to pursue my own passions and have an impact without all the bureaucracy and petty squabbles of Washington. I admired what Bill had built, and I loved that Chelsea had decided to bring her knowledge of public health and her private sector experience to the foundation, to improve its management, transparency, and performance, after a period of rapid growth.
At the 2002 International AIDS conference in Barcelona, Bill had a conversation with Nelson Mandela about the urgent need to lower the price of HIV/AIDS drugs in Africa and across the world. Bill figured he was well positioned to help, so he began negotiating agreements with drug makers and governments to lower medicine prices dramatically and to raise the money to pay for it. It worked. More than 11.5 million people in more than 70 countries now have access to cheaper HIV AIDS treatment. Right now, out of everyone being kept alive by these drugs in developing countries around the world, more than half the adults and 75 percent of the children are benefiting from the Clinton Foundation’s work.
It is shocking to consider the real-world positive impact of the Clinton Foundation’s work, and the degree to which the alt-right’s skewed portrayal of the Clinton Foundation might have influenced public opinion during the election. Hearing Clinton speak about it, it becomes clear that more must be done to investigate what happened.
Clinton goes on to detail the extensive philanthropic work the Clinton Foundation does in improving nutrition and exercise in public schools, protecting endangered species, addressing climate change in the Caribbean, and more. Then, she talks about my favorite part. Read on:
When I joined the Foundation in 2013, I teamed up with Melinda Gates the Gates Foundation a to launch an initiative called No Ceilings: The Full Participation Project to Advance Rights and Opportunities for Women and Girls around the world. I also created a program called Too Small to Fail, to encourage reading, talking and singing to infants and toddlers, to help their brains develop and build vocabulary. […]
None of these programs had to poll well or fit on a bumper sticker; they just had to make a positive difference in the world. After years in the political trenches, that was both refreshing and rewarding.
I can imagine what a difference Clinton was experiencing as she spent more time with the Clinton Foundation and started to build her own sense of strategy into the organization’s mission. But her involvement with her own family’s foundation was destined to have devastating consequences to her political career.
I knew from experience that if I ran for president again, everything that Bill and I had ever touched would be subject to scrutiny and attack, including the foundation. That was a concern, but I never imagined that this widely respected global charity would be as savagely smeared and attacked as it was. For years, the foundation and CGI had been supported by republicans and democrats alike. Independent philanthropy watchdogs, Charity Watch, Guidestar, and Charity Navigator, gave the the Clinton Foundation top marks for reducing overhead and having a measurable, positive impact. […]
But none of that stopped brutal partisan attacks from raining down during the campaign.
I have written by the Foundation at some length because a recent analysis published in the Columbia Journalism Review showed that during the campaign, there was twice as much written about the Clinton Foundation as there was on any of the Trump scandals, and nearly all it was negative. That gets to me.
It gets to me, too. In a big way. It is a wrong that must be addressed by a full investigation into the media manipulation that skewed the election. It was nearly impossible to learn real information about Hillary Clinton and the Clinton Foundation. Even my 10 year old daughter was coming home from school with talking points for me about how Clinton’s emails needed to be more fully investigated.
Back to Hillary:
As Daniel Borochoff, the founder of Charity Watch put it, “If Hillary Clinton wasn’t running for President, the Clinton Foundation would be seen as one of the great humanitarian charities of our generation.”
That’s right. The fake news on the Clinton Foundation may have had a profound impact, given that there was twice as much of that fake news heaped on the American media consumer than any of the much more atrocious news stories about Donald Trump, including his sexual assault of a woman and his University’s fraudulent dealings.
I hope to share more about the book as I continue on, but there is no doubt that you should listen to it yourself. For what it’s worth, I also find listening to the book recharges my battery for making the democratic party a stronger entity. The urgency of the party’s need to take back the country in the next election has never felt so real. The book also renews my respect for Clinton and her life work. She is not a perfect human being, but she is a darn good one, and she would have made an excellent leader of our country.
Philanthropy Women will also publish a review of the book from Tim Lehnert in the coming weeks.
Pictured is the Younes and Soraya Nazarian Library at the University of Haifa, which educates students from Israel and around the world. Photo courtesy of the library’s website.
Last week in New York, over 50 female philanthropists came together to launch a new educational scholarship fund for women in Israel.
At the occasion, the American Society of University of Haifa announced the founding of its new Women’s Scholarship Fund. The scholarship seeks to engage women at all levels of philanthropy and support female students at all levels of education.
“We are very committed to education. Education is the key to everything. It is something that you can’t take away and if you give someone an education, it will enable them to help themselves for the rest of their life,” said Lady Irene Hatter, who spoke at the gathering. With their philanthropy, Hatter and her husband, Sir Maurice Hatter, support World Jewish Relief and World ORT, a worldwide Jewish educational NGO.
It couldn’t be clearer. Democrats like Obama and Clinton increased women in cabinet leadership. Republicans decreased this leadership. Graph courtesy of Pew Research Center’s Data on Women Leaders.
One big step forward for the Republican party, one big step backward for women leaders in politics. The graph here kind of says it all — we’re back to a Republican president and low, low numbers of women in cabinet leadership positions.
The Pew Research Center recently presented some of the longitudinal data on women’s growing roles in business and political leadership, and the full report is worth checking out.
Another thing you’ll notice on the graph: the percentage of women in cabinet positions under President Bill Clinton was higher both terms (31.8% for his first term and 40.9% for his second term) than the percentage of women in cabinet positions for Obama’s two terms (30.4% for his first term and 34.8% for his second term). Sigh. Returning to the Clinton dynasty is starting to look better all the time, particularly for women’s leadership.
The Rockefeller wives at a dinner party in New York, March 1949. From left to right: Abby (Babs) Rockefeller Pardee, Peggy McGrath Rockefeller, Mary “Tod” Rockefeller, Blanchette Hooker Rockefeller, Barbara “Bobo” Sears Rockefeller, and Mary French Rockefeller. (Photo Courtesy of the Rockefeller Archive Center)
The storied fortunes of the Gilded Age are so closely associated with the men who made them that the wives who used that money to help society are often unknown. Wealthy women in the 19th century were expected to be little more than heir-producers and society hostesses.
But women such as Louise Whitfield Carnegie, Abby Aldrich Rockefeller, and Gertrude Vanderbilt Whitney did not spend their days merely updating the Social Register, getting fitted for sumptuous gowns, or meeting for luxurious, gossipy lunches. They also worked hard to make sure that their families’ fortunes—all built on the backs of the less fortunate—were used to help others. Wealthy 19th century women were not supposed to work outside the home, and they certainly had no financial need to do so. But these women expanded their limited roles through charitable work and in doing so created a new public role for women.
The title What Happened can be taken two ways: “This is how it went down,” and, “How did this unexpected, horrendous, and still mystifying result obtain? WTF Happened?” Clinton covers both, and is finally able to mention, now that the election is done, the role gender played.
