Philanthropy Women

Grameen America Starts New Loan Fund for Low-Income Women

Microfinance nonprofit organization Grameen America recently announced a new loan fund to provide approximately $200 million of cumulative loans to low-income minority women business owners. These loans are especially important during the COVID-19 pandemic, which has put extreme pressure on small business owners as they seek to pull themselves and their families out of poverty.

GRAMEEN AMERICA LAUNCHES IMPACT INVESTING FUND TO SUPPORT MINORITY WOMEN IMPACTED BY THE PANDEMIC

Funds Will Provide Nearly $200 Million of Cumulative Loans to Women Entrepreneurs over Five Years

New York, NY, December 10, 2020 — National microfinance nonprofit organization Grameen America today announced the launch of its $17.5 million Social Business Fund II (“SBF II” or “the Fund”), a social impact investment opportunity that will provide nearly $200 million of cumulative loan capital low-income minority business owners over its five year life.

Surging Philanthropy for Women and Girls? Not So Much

The Women’s Philanthropy Institute has put out its second iteration of the Women & Girls Index, and the news is not bad, but it’s not super good either. Charitable giving to women’s and girls’ organizations in the U.S. increased from $6.3 billion in 2016 to $7.1 billion in 2017, but the overall percentage of giving remained the same — 1.6%.

women's giving — This graphic from WPI’s new report shows the level of giving for women and girls relative to other sectors of philanthropy. (Image Credit: WPI)

Sometimes I feel like that number — 1.6% — is going to haunt us all to our graves. It is such a glaring indicator of what is wrong with the world we live in. Ultimately, giving for women and girls remains token. Its actual number, $7.1 billion, is only a little more than half compared to the next smallest area of giving — environment and animals at $12 billion.

Groundswell Pledges $100 Million to Women, TGNC People of Color

Groundswell Fund is a leading funder of electoral work led by women of color, and the largest funder of the U.S. reproductive justice movement. Its 2020-25 Blueprint promises to move $100 million to grassroots organizing and electoral efforts led by women of color, transgender and gender non-conforming (TGNC) people of color.

According to the Blueprint, “Groundswell strengthens U.S. movements for reproductive and social justice by resourcing intersectional grassroots organizing and centering the leadership of women of color – particularly those who are Black, Indigenous, and Transgender.” It does so through grants providing general and long-term support, capacity-building for grantee partners to help in organizing and engagement, and fund-raising assistance.

Sizable Gifts: Solutions Project Gets $43 Million from Bezos Earth Fund

Along with the Hive Fund for Climate and Gender Justice, another important feminist climate fund also received support from Bezos Earth Fund: The Solutions Project. The Solutions Project, like the Hive Fund, will be receiving $43 million in unrestricted funding over three years.

Among the Solutions Project’s board of directors are many familiar faces in the social justice arena, including Leah Hendrix-Hunt and Sharon Alpert. There are also stars of stage and screen including Mark Ruffalo and Don Cheadle.

Gloria Walton, President and CEO, The Solutions Project (Image Credit: The Solutions Project)

The Solutions Project’s President and CEO, Gloria Walton, is already being described as a “superstar” of the ecofeminist scene, with clear vision and strategies already in place to fund us toward a more sustainable climate and a culture centered on gender and racial equality.

Focus on Climate and Justice: 2020 Catalyst Award Winners

WASHINGTON, DC— Rachel’s Network announced the awardees and finalists of its second annual Catalyst Award. The award provides women leaders of color support and recognition for their commitment to a healthy planet, along with a $10,000 prize, networking opportunities, and national recognition for their work.

catalyst awards 2020 — 2020 Catalyst Award Winners.

The nine 2020 awardees are:

Amy Cordalis, Yurok Tribe, McKinleyville, California
Amy is the first enrolled Yurok citizen to serve as her tribe’s general counsel and is a traditional salmon fisher and culture bearer. She has spent her entire life protecting and restoring the Klamath River. Find Amy on Instagram.

Alannah Hurley, United Tribes of Bristol Bay, Dillingham, Alaska
Alannah (Yup’ik) is the executive director of the United Tribes of Bristol Bay (UTBB), a consortium of 15 federally recognized tribal governments in the Bristol Bay Watershed. UTBB works to protect their traditional way of life and opposes large-scale mines like Pebble. Alannah has worked extensively in community development and environmental justice and is dedicated to helping make self-determination a reality for Alaska’s indigenous people.

Janet Dewart Bell Elected New Chair of Women’s Media Center Board

WASHINGTON, D.C. — The board of the Women’s Media Center has unanimously elected Janet Dewart Bell as its new chair. Founding co-chair and WMC co-chair emerita Pat Mitchell nominated Bell to be the organization’s new chair; WMC co-founder Gloria Steinem seconded the nomination.

Janet Dewart Bell is the new Chair of the Women’s Media Center Board. (Image Credit: WMC)

In nominating Bell, Mitchell stated, “It has been a privilege to work with Janet as vice chair of the WMC board. I respect and admire tremendously her groundbreaking background and experiences in media and the work she is currently leading to address the challenges of racial justice. Media has such a big role to play in the outcomes of this long-overdue reckoning on racial equity and justice. It is my honor to nominate Janet Dewart Bell as the next chair of the board of the Women’s Media Center.”

Olivia Wells: Quality Support for Women Survivors in Conflict Zones

Editor’s Note: This interview in our Feminist Giving IRL series features Olivia Wells, Director of Programs and Communications for Nadia’s Initiative, a nonprofit founded by Nadia Murad that supports “community-driven and survivor-centric sustainable development programs.”

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

Bureaucracy; you learn about it in school, and you begin to see it when you enter the workforce but you don’t realize how many bureaucratic impediments there are to humanitarian work until you’re in the thick of it. You naively think that at the end of the day, we all want the same thing – to help those most vulnerable – so we should streamline processes to get those in need the help they deserve as soon as possible. Unfortunately, this is often not the case. The humanitarian sector is still saturated with top-down approaches to development. Many government and private funders insist on funding large organizations like the various UN entities, rather than investing in local NGOs. Local NGOs have a direct line to the communities they serve and are often able to implement projects more efficiently and for less money. These are the organizations we should be investing in.

Empowerment for Nurses: New Infusion from Rita & Alex Hillman

NEW YORK, Nov. 24, 2020 (GLOBE NEWSWIRE) — The Rita & Alex Hillman Foundation (RAHF) is announcing grants totaling $1,275,000 to support innovative, nurse-driven healthcare programs serving vulnerable populations, including four awards for interventions focused on mitigating health disparities exacerbated by COVID-19.

The Rita & Alex Hillman Foundation is granting $1.275 million more to support nurses, a profession dominated by women. (Image Credit: Rita & Alex Hillman Foundation)

“2020 has laid bare the deep inequities that plague our nation’s healthcare system,” said Ahrin Mishan, Executive Director of the Rita & Alex Hillman Foundation. “We remain steadfast in our commitment to promoting bold, new initiatives that seek to build a healthier, more just future for all.”

100 Black Business Women Selected for $25 K from American Express

NEW YORK–(BUSINESS WIRE)–Today, American Express (NYSE: AXP) revealed the 100 Black women entrepreneurs selected for its “100 for 100” program, which will provide each with grants of $25,000 and 100 days of business resources, including business education, mentorship, marketing, virtual networking, WorkSpaces by Hilton hotel reservation credits and more.

100 black-women-owned businesses receive $25,000 each to grow their impact. (Image credit: American Express)

American Express created this program in partnership with IFundWomen of Color, the leading platform for women of color to raise capital, to support Black women entrepreneurs as they work to jump start and grow their business ventures. The initiative is part of American Express’ recently announced $1 billion action plan to enhance diverse representation and promote equal opportunities for its colleagues, customers and communities.

Dance Equity: Extra Tough Times for Women Dancers in COVID

Northfield, IL | November 19, 2020 Dance Data Project® (DDP) today announces the social media campaign, Connecting the Dots – #YesThisIsAnArtsStory, designed to draw attention to the catastrophic effect of the COVID-19 pandemic on women in dance and the performing arts in general. The campaign will begin on Monday, Nov. 23 and run for three weeks, ending on Friday, Dec. 11.

*Dancers Terez Dean Orr and Ben Warner perform Poetry of Being by Nicole Haskins. (Photo by Keith Sutter, courtesy of Smuin Contemporary Ballet)*

“While NPR, and business publications such as the Wall Street Journal and Forbes have documented the asymmetric impact of the pandemic on women economically, we haven’t seen similar work by arts reporters, looking at the industry as a whole,” said DDP President and Founder Liza Yntema. “Our campaign is designed to ‘connect the dots’ between layoffs and furloughs at the lower tier of performing arts not for profits where women typically work, the already existing gender pay gap, and the crushing pressure women feel due to child and elder care duties resulting in what is being termed the ‘Shecession’.”