Women of Color Archives

Goldman Sachs Invests Over $10B in New Black Women Initiative

Goldman Sachs has launched the One Million Black Women Initiative to target the inequality facing black women across the U.S.

$10B in direct investment capital and $100M in philanthropic capital will be committed to this initiative by Goldman Sachs. (Image credit: Goldman Sachs)

The Goldman Sachs Group, Inc. (NYSE: GS) announced a new investment initiative of more than $10 billion to advance racial equity and economic opportunity by investing in Black women. In partnership with Black women-led organizations, financial institutions and other partners, Goldman Sachs will commit $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic. The initiative, One Million Black Women, is named for and guided by the goal of impacting the lives of at least 1 million Black women by 2030.

Hive Fund Update: Growing Imprint of New Climate and Gender Funder

When we last heard from the Hive Fund for Climate and Gender Justice, the new grassroots funding organization had just announced its first round of grantees in the spring of 2020. Almost a full year later, the fund has expanded its grantmaking efforts to four states (and a few regional and national partners) and is making waves in funding impact in the historically underserved American South.

The **Women’s Earth and Climate Action Network** (WECAN) is one of the grant recipients from The Hive Fund. WECAN is “a solutions-based organization engaging women and feminists worldwide in policy advocacy, on-the-ground projects, direct action, trainings, and movement building for global climate justice.” (Image Credit: The Hive Fund)

So, What’s Been Going on So Far with The Hive Fund?

What we were initially so excited about was the Hive Fund’s unique approach to fixing a very prevalent problem: The conspicuous funding gap for women’s climate organizations in the American South. And so far, the Hive Fund has proven to be a wave-making, impact-oriented force for the greater good.

FRIDA Commits to Flexibility with 93 New Participatory Grants

FRIDA | The Young Feminist Fund is on a roll, and they’re not letting up anytime soon. Shortly after finishing their 10th anniversary celebrations, the FRIDA team announced the next round of grants to 93 organizations, bringing their total grantee cohort to 252 activist groups in 115 countries across Latin America and the Caribbean, the Asian continent, Caucasus, Central and Eastern Europe, and the African continent.

FRIDA | The Young Feminist Fund recently announced the next 93 grantee partners in its latest cohort, representing the largest grant-making cohort in the organization’s 10-year history. (**Image Credit:** FRIDA)

This marks FRIDA’s largest grantee cohort since the organization’s founding, and the next step in FRIDA’s robust five-year plan.

Felecia Lucky: Without Us, Rural Communities Had No Access to COVID Funds

Recently I had the opportunity to talk with Felecia Lucky, President of the Black Belt Community Foundation in Selma, Alabama, which serves Alabama’s 12 most financially distressed counties.

Felecia Lucky, President, Black Belt Community Foundation (Image Credit: Felecia Lucky)

Black Belt Community Foundation was officially formed in December 2003 after several years of community advocacy for such an institution. It was established to strengthen these 12 rural Alabama communities and enrich them with more community goods like health care, education, youth programs, and economic development.

As President of the Foundation, Lucky shared with me some of the story of the foundation’s growth and evolution. She traced the origins of the foundation back to another woman leader, Dr. Carol Zippert, who had a vision of how to build community resources through a foundation, bringing philanthropy to an area of the country that hadn’t experienced much of it.

HIPGive Launching #GOMujeres to Rally Support for Women and Girls

For Women’s History Month, HIPGive launched #GOMujeres with a goal of raising at least $5,000 for organizations supporting women and girls.

HIPGive’s crowdfunding campaign #GOMujeres will support projects and organizations that are committed to helping women and girls in the Americas. (Image credit: HIPGive)

At the start of Women’s History Month HIPGive, the first and only bilingual crowdfunding platform focused on promoting Latinx social impact projects of Hispanics in Philanthropy will launch its social crowdfunding campaign #GOMujeres. The campaign will connect nonprofit organizations, foundations, and individual contributors to inspire generous giving to projects and organizations dedicated to improving the lives of women and girls.

Sex Doesn’t Stop for a Pandemic: Maverick Collective Pivots in COVID

When the world stops, life keeps going — especially for communities where social isolation and living off of savings are not viable options.

Maverick Collective connects women and girls around the world with essential sexual and reproductive healthcare. (Image Credit: Maverick Collective/PSI)

It’s a well-known fact that COVID-19 has made life at the bottom of the social pyramid even harder. Women and girls around the world, particularly in communities of color, are among the hardest hit by the ripple effects of the pandemic. The news reports address loss of income, life, and community, but the lesser-known impacts should not be forgotten.

Access to healthcare, particularly for women, was already a commodity difficult to come by in certain parts of the world. Now, in the wake of the pandemic, women and girls’ access to contraceptives, feminine hygiene products, and maternity care hangs more precariously than ever before.

Lead With Love: Elena Marszalek on the Feminist Climate Movement

Editor’s Note: This interview in our Feminist Giving IRL series features Elena Marszalek, Managing Director of Del Mar Global Trust, a private foundation dedicated to the environment.

1. What do you wish you had known when you started out in your profession?

I started my career in philanthropy as the only employee of Del Mar Global Trust, a newly established family foundation focused on the natural environment. Although I had previous experience working in climate change, I had little experience in philanthropy. I felt both hopeful and overwhelmed.

Joining Rachel’s Network, a community of women environmental philanthropists, broadened my knowledge of complex environmental issues, and significantly improved my ability to select and monitor grant recipients. Networking with other women with similar goals and interests helped my career in numerous other ways, for example sharing information about projects that as individuals we would not be aware of. Perhaps most importantly, I have access to other members with many years of experience who offer advice and mentorship. As in all professions, you learn through experience.

Generation USA Wins 125K to Create Women and POC Opportunities

On February 10th, Generation USA was awarded 125K as the winner of MIT Solve’s 2021 Reimagining Pathways to Employment in the US Challenge.

Massachusetts Institute of Technology’s (MIT) Solve, a marketplace for social impact innovation, announced Generation USA, a global workforce development nonprofit, as a winner of its 2021 Reimagining Pathways to Employment in the US Challenge and recipient of $125,000 in funding to launch pilot programs across the country in collaboration with US Workforce Boards. The initiative combats racial and gender injustices in the US that continue to hinder the education, employment, and earning potential of historically marginalized communities.

Gender Policy Council Needs its Own Budget to Focus on All Sectors

The newly established Gender Policy Council is anticipated to work across the board on governmental policy related to gender.

It has been roughly a month since the announcement from the Biden-Harris administration of its White House Gender Policy Council. As announced, the council is spearheaded by co-chairs, Jennifer Klein and Julissa Reynoso. During the Obama administration, a similar council called the White House Council on Women and Girls was created. Shortly after taking the presidency in 2016, Donald Trump disbanded that council. Now, Biden has reinstated a new council explicitly dedicated to working toward gender equality.

Jennifer Klein and Julissa Reynoso will head Biden’s Gender Policy Council. (Image Credit: MANA National)

Many in the Democratic leadership heralded the new Council and its leaders as an important breakthrough. “Congratulations to Jen Klein, who’s long been by my side on domestic and global women’s issues, and Julissa Reynoso, a dynamo who served with me in the State Department,” said Hillary Clinton, in a post on Twitter regarding the Gender Policy Council leadership. “Great to have this team on the front lines fighting for women and girls everywhere.”

Where Are Young Women in Philanthropy?

In the same ways that traditional philanthropy has been historically dominated by white, older, high net worth men, feminist philanthropy has a noticeable population gap in younger age groups. Young women, in particular, in an era of crushing student loans, underemployment, and uncertainty in the face of COVID-19, are noticeably absent from a movement dedicated to their wellbeing.

Young women’s activism is at an all-time high — but why are we missing from feminist philanthropy? (Image Credit: Gayatri Malhotra)

This is not to say that the younger generations aren’t pulling their weight. In fact, it’s just the opposite. Young activists like Greta Thunberg and Sarah Goody are leading the way to revolutions in social justice and culture change. LGBT+ and POC youth are standing vanguard against discrimination, homophobia, and rollbacks of minorities’ legal rights.

Category: Women of Color