Women of Color Archives

G4GC’s Dr. Monique Couvson Listed a Prestigious ‘Closer’ by TIME

G4GC’s Dr. Monique Couvson Named to TIME’s 2025 List of ‘The Closers’

Philanthropy Women is thrilled to announce that Dr Monique Couvson has been recognized and honored by TIME Magazine. She has been placed on the magazine’s list of “The Closers”. This prestigious award recognizes 25 Black leaders who are driving powerful change by working to close gaps in racial equity.

Monique Couvson, president and CEO of Grantmakers for Girls of Color. (Image credit: G4GC)

Dr. Couvson is the president and CEO of Grantmakers for Girls of Color (G4GC), the primary national philanthropic intermediary organization with an explicit focus on girls and gender-expansive youth of Color in the U.S. and territories. In the short span of four years, she has helped convene 100 funders, moved more than $26 million to 400 organizations, and developed four signature funds such as The Black Girl Freedom Fund, The New Songs Rising Initiative for indigenous girls, the Holding a Sister Initiative for trans girls of color, and the Love Is Healing Fund. In addition, she co-founded the #1Billion4BlackGirls campaign.

State University Receives Biggest Grant Ever–From A Woman

The University of Rhode Island received a gift of $65 million from the estate of the late Helen Izzi Schilling, a 1954 graduate of the University.

This is a transformational gift that will support scholarships for high-achieving students. It is the largest in the University’s history. Through a commitment made with her late husband, the gift establishes the Helen Izzi Schilling ’54 and Francis Schilling Scholars Program.

Tides Foundation is launching Resist Project 2025 in response to the US election results. (Image credit: Tides)

The endowed scholarship will provide up to $20,000 per year for four years to high-achieving undergraduate students majoring in a science, technology, engineering, or math field.

CARE’s Astonishing 900% Return on Investment for Global Women

CARE recently released the 2024 report of its Women’s Economic Justice (WEJ) team. Entitled Her Money Her Future, the report confirmed that women are both good investors and a good investment.

Savings group members in Malawi, part of the Digital CARE Package program
with Mudzi Wathu Village Bank. (Image credit: CARE Report, Her Money, Her Future)

While CARE is famous for its aid programs, outside resources alone will not end global poverty. That will require internal resources created by the people who need the help. Most often women who suffer disproportionately from endemic poverty. Therefore WEJ works directly with women to help them start and run their own business.

The report shows that the results have been spectacular. CARE’s savings groups generated $9 in women’s income for every $1 invested.

The Fearless Fund Has Been Taken Down. Who’s Next?

The Fearless Fund (FF) made the heartbreaking decision to end its grant program for companies owned by Black women. The program has been under attack from right-wing activists who claimed the program was discriminatory.

On June 3, 2024, the 11th Circuit Court ruled that the program was discriminatory and forced FF to suspend its Striver’s Grants program.

Ariana Simone and two young volunteers make the point about the impact of this ruling. (Image Credit: Fearless Fund Twitter Page)

As of September 11, 2024, Fearless Fund has chosen to settle the lawsuit by shutting down that program completely. Given the conservative super-majority on the US Supreme Court, with its record of hostility to Affirmative Action, FF decided that the best path forward was to find other ways to accomplish its mission.

Philanthropy Women and Kiersten Marek Featured in Time Magazine

In case anyone had doubts, Philanthropy Women is one of the world’s leading authorities on feminist giving. Time Magazine recently ran a story on the topic, and one of their major sources for the story was Kiersten Marek and the Philanthropy Women website.

Screenshot from Time Magazine, August 6th, 2024 edition.

The information presented in the opening paragraphs will be familiar to regular readers Philanthropy Women. The article cites both the World Bank and a McKinsey Report that have found that directing grants to women and girls can boost the overall world economy.

In addition, progressive-thinking countries like Sweden, Canada, and France have recently implemented feminist agendas to their giving in order to advance the cause of humanity.

The Day Philanthropy Died: What Happened with Fearless Fund Ruling

As previously reported, the efforts, and perhaps the existence of the Fearless Fund have been the target of a lawsuit since July of 2023. We at Philanthropy Women have been tracking this case as it has significant ramifications for all marginalized populations receiving philanthropy dollars, including gender justice philanthropy.

On June 3, 2024, the U.S. Court of Appeals for the Eleventh Circuit issued a ruling that will prohibit the Fearless Fund from issuing its Strivers Grants. These are grants of $20,000 given to small businesses that have at least one woman of color in a leadership role.

Arian Simone, Co-founder and CEO of the Fearless fund described herself as “outraged” and said the fund is weighing its legal options going forward. They may take the case to the Supreme Court, or they could also take the route of taking the case to another district appellate court.

Cultural Breakthrough? Market for Women’s Art Growing Rapidly

According to Artmarket.com, 2023 was the most dynamic year in the history of the global art market. In the year ending December 31, 2023, over one million works of art in all media were put up for auction.

With three-quarters of a million individual transactions, the number of works sold set a record, an increase of 5% over the previous year.

The Ms. Foundation has added three new board members: Dr. Renée T. White, Mary Kathryn Nagle, and Kathy Ko Chin. Read below about these new leaders stepping up. (Image credit: Ms. Foundation)

Women artists were a key component for this growth. As Artmarket.com explains, they are finally being given the recognition and the place in the market they deserve. In particular, interest in, and appreciation for the women artists of the 20th Century have increased significantly.

Raising the Value of Communities by Investing in Girls of Color

Editor’s Note: Happy Juneteenth! In celebration, we are sharing the words of Dr. Monique Couvson, president and CEO of G4GC and the author of six books, including “Charisma’s Turn” (The New Press, 2023), a graphic novel about girls and their gifts.

As we navigate through this pivotal moment in history of rollbacks to civil rights, gender justice, and social progress, we are also seeing a generational transfer of wealth boosting women’s economic power and women taking bold measures to move capital into the hands of other women.

*Dr. Monique Couvson, president and CEO of G4GC* (Image credit: G4GC)

While we recognize and applaud how women are poised to shape a new type of philanthropy, it is imperative that in this effort girls —and in particular girls and gender-expansive youth of color, receive a robust and intentional investment. These young people are at the forefront of all social justice movements, and yet their contributions go overlooked and erased. As we move funds to women-serving organizations, we must also move money explicitly to organizations that center and are led by girls of color. That is how we can combat the erasure of Black girls and girls of color, and create opportunities for their courageous activism and leadership to thrive.

Halle Berry Gets Behind New $275M Bill for Menopause Research

A campaign led by prominent female lawmakers and boosted by the star power of actor Halle Berry has succeeded in gaining Congressional support for a major initiative for womens’ health. On April 30, 2024, legislative leaders unveiled a $275 million bill to boost federal research, physician training and public awareness about menopause.

Halle Barre and a bevy of legislators gathered to unveile the Advancing Menopause Care and Mid-Life Women’s Health Act. (Image credit: Screenshot from Youtube video)

In a rare bipartisan effort, the Senate bill, the Advancing Menopause Care and Mid-Life Women’s Health Act, is led by Sen. Patty Murray (D-Wash.), chair of the Senate Appropriations Committee, and has support from Sens. Lisa Murkowski (R-Alaska), Tammy Baldwin (D-Wis.), Susan Collins (R-Maine) and other lawmakers.

Janiece Evans-Page: Daring to Double Down on Racial Equity

With racial justice programs and DEI initiatives under threat, philanthropic organizations face an important decision – double down in the fight for justice or back down. Janiece Evans-Page, the CEO of Tides, is taking the harder road. She won’t back down, and she won’t let others shut her down. As the leader of an organization managing as much as $1.25 billion in assets at any given time, Evans-Page is carrying out a critical mission that other funders might want to emulate: upholding the American values of racial and gender equality.

Janiece Evans-Page, the CEO of Tides. (Image credit: Tides)

We were fortunate enough that Janiece Evans-Page was willing to share her time and her thoughts on the attacks on organizations like the Fearless Fund. Janiece shares her insights here on how philanthropy can prioritize racial and gender justice, and use core values as the building blocks to a healthier democracy.

Category: Women of Color