Ruth Ann Harnisch recently penned a piece for The Tennessean on why she supports The Women’s Fund in Tennessee, seeing them as “the smartest, most efficient way to meet the ever-changing needs of women and girls in this area.”
Women’s funds today are using a range of strategies to build economic security for women and families. By lending capital to women’s small businesses, many women’s funds are helping women build their own financial security — an important step in advancing the frontiers of gender equality.
Investing in financial stability for those on the margins of society, including those who have been traditionally excluded, is central to the mission of many women’s funds, and The Women’s Fund discussed by Harnisch in the article appears to be a prime example of this. The Women’s Fund supports Doors of Hope, for example, which “offers real-life training for women coming out of prison, along with support as they develop skills for living.”
In the world of philanthropy, it’s a little unusual to hear about a public debate between high level professionals. We have a lot of panel discussions, and not so many debates. But Philanthropy New York (PNY) clearly has other ideas.
PNY, “a regional association of grantmakers with global impact,” is sponsoring a debate between two very different leaders in the philanthropy sector. Picture, if you will, the matchup:
In this corner, we have David Callahan, Founder and Publisher of Inside Philanthropy, and author of the forthcoming title, The Givers, a riveting text that makes you question everything you know about philanthropy, and which lands squarely on the side of tightening up taxation and regulation of the rich. Furthermore, it makes you want to run laps around the block to vent your rage at the rampant inequality in today’s world.
It gives me great pleasure to announce that Philanthropy Women has secured its first two lead sponsors, and hopes to bring on at least eight more by year’s end.
Needless to say, it is the dream of a lifetime for me to be able to write and publish on such an important topic. I am excited to begin hiring more writers and scaling up.
Our lead sponsors both possess unique expertise in the world of women’s philanthropy, so their added value is compounded mightily by their own dedication to building new ways to fund gender equity in the world. Please join me in thanking them for believing in the vision of Philanthropy Women, and for supporting more quality media by, for, and about women.
How is Bollywood actor and activist Mallika Sherawat helping girls escape lives of sex trafficking? One girl at a time, by enrolling them in the School for Justice.
Sherawat is an ambassador of the Free a Girl Movement and a supporter of the School for Justice, opening today in Mumbai, India.
But freeing the girls is only part of the story. The larger part of social change being driven by Mallika Sherawat and other community activists in India is about correcting the systems of justice that do not prevent the crimes from happening again. Here’s how Mallika Sherawat explains it: “By freeing the girls, we’re not changing the system that allows this crime to happen. To break this cycle, we will attack a key factor: the fact that the perpetrators are not being punished. Because they are not punished, they can continue with their crimes.”
She’s young, she’s highly educated, and she likes to be involved in funding strategy — all traits that suggest Priscilla Chan will be making an enormous impact on philanthropy over the next decade and beyond.
“Chan is a hands-on leader of Chan-Zuckerberg Initiative (CZI), taking charge of many of the day-to-day operational details of scaling up a large philanthropic enterprise,” David Callahan recently told me. Callahan is founder and publisher of Inside Philanthropy, and interviewed Chan for his new book, The Givers, due out April 11th.
I’ve covered the Fund for Shared Insight before, and I want to call attention to this new announcement, since it’s a great example of how philanthropy is evolving into a more democratic creature — by becoming more aware of what does and does not work in funding strategies.
Many women’s funds and foundations were early believers in incorporating grantee feedback into the grantmaking process. Women’s funds and foundations were also some of the first to bring grantees onto foundation boards to help inform the decision-making process. Some research suggests that women have a leadership edge with their listening and relational skills. Whether that’s true or not, women leaders in philanthropy can and should engage in active listening to create more effective strategies.
Certainly it is worth noting for women in philanthropy when one of the great funders of progressive causes passes on.
More will need to be said on this blog about how David Rockefeller contributed to the evolution of women’s empowerment in philanthropy. For now, we offer prayers and good thoughts for the Rockefeller family as they celebrate his amazing life and navigate this transition.
From The Clinton Foundation:
David Rockefeller was a consummate businessman, a great humanitarian, and a serious scholar. He was a kind, good man to all who met him. Hillary and I are grateful for his friendship and his remarkable life.
Throughout his life he used his fame and fortune to do good here and abroad. His many efforts included the establishment of the Council of the Americas five decades ago, which was instrumental in my administration’s efforts to alleviate the financial crisis in Latin America and boost trade in the Americas and the Caribbean. His tremendous support of arts and humanities in America gave millions of people in communities across the country the opportunity to experience our great heritage of painting, dance, music, and so much more. For these efforts and many others, I was proud to present him with our nation’s highest civilian honor, the Presidential Medal of Freedom.
We celebrate a long life well-lived and send our gratitude and prayers to his family and all who supported him on his remarkable journey.
I recently returned from DREAM. DARE. DO. in Chicago, the every-three-year (maybe more often now!) convening of the Women’s Philanthropy Institute.
Wow. I am still reeling from the experience. It was an intense two days of immersion in conversation about women’s leadership in philanthropy, where it is coming from and where it will be going in the brave new political climate of a Trump presidency.
Editor’s Note: Betsy McKinney, Founder and CEO of It’s Time Network and author of this post, was recently invited to speak at an event in honor of Women’s History Month at the U.S. State Department. She gave an overview on the need for collective impact infrastructure and initiatives in the women’s sector, and explained the purpose of It’s Time Network and the Network City Program.
Everyone responded vigorously during the presentation when Betsy said that we need a collective impact structure that acts as an AARP for women, and that we can and should fund it ourselves as women over time. People also responded well to the need for shared measurement and the Women’s Well-Being Index. At the end, women from Malaysia, Nepal and Afghanistan asked how they can join the Network City Program. Betsy gave them copies of ITN’s Mayors Guide and they are eager to consider how they can also use the guide and recommendations.