“The Administration supports policies and programs to empower adolescent girls, including efforts to educate them through the completion of secondary school,” said Heather Nauert, of the Trump Administration’s State Department, referring to Let Girls Learn. “We are committed to empowering women and girls around the world and are continuing to examine the best ways to do so.”
Of the $71.4 trillion dollars controlled by the asset management industry, only 1.1 percent of total assets under management are with firms owned by women and minorities.
You heard that right. Although the number of firms that are women- or minority-owned can range from 3 to 9% across the four different asset categories in the industry, assets controlled by those firms account for only 1.1% of all assets under management.
A press release from the Knight Foundation, which commissioned the study, states that this is the most in-depth study to date about ownership diversity in asset management. Additional analysis revealed that the 1.1% managed by women and minorities had no difference in performance from the 98.9% non-diverse asset management industry.
Things are really coming together for women’s funds and gender lens investing, as this new report details.
The new report is written by Joy Anderson, President and Founder of Criterion Institute, Ms. Foundation President Teresa Younger, and Elizabeth Schaffer, Chief Operating Officer of the Global Fund for Women.
I have not read the report in total yet, but from my first foray in, I am really excited to see how these advanced thinkers and leaders are putting ideas together and finding new synergy for social change and finance. This is powerful stuff!
The report is written using architectural design as an extended metaphor for how to integrate the different sectors of finance, women’s funds, and social change theory. Combining these three components, the report then makes practical suggestions about how to influence issues like domestic violence, the gender wage gap, and climate change.
“The more that philanthropy can do to encourage and support women in running for office, the better,” says Kate Coyne-McCoy, CEO of The Campaign Fixer, who has spent much of her career trying to bring more women into American politics. Coyne-McCoy has trained over 9,000 women to run for office, and she has a message for philanthropy.
“Do more politically, period,” she said in a recent interview with Philanthropy Women, when asked what her message would be to progressive women donors and their allies. “Until you make an investment in the electoral and political process, you’re never going to see the change you want.”
Kate Raworth has written a very compelling article about the need to redesign economies to address inequality. The change requires relinquishing old economic thinking, which said something like, “Inequality has to get worse before it can get better in a growing economy,” and replacing it with new thinking that builds on “a network of flows” which are distributive by design.
Do you, like me, live in a city where girls softball teams have names like “The Dolls” and very few women make it into elected office? Then you might want to join this call being held by It’s Time Network next Tuesday, May 2nd at 3 PM EST. This will be an opportunity to learn about how to take action in your local community to protect and advance women’s rights.
It’s Time Network brought together a number of important organizations to formulate their Mayors Guide: Accelerating Gender Equality including the San Francisco Department on the Status of Women, Institute for Women’s Policy Research Center for American Women in Politics, Jobs with Justice, Forward Together, Equal Rights Advocates, Global Fund for Women, Women Donors Network, Girls Inc., MomsRising, The Grove Foundation, St. Vincent De Paul Society of San Francisco, Astrea Foundation and Women’s Earth Alliance.
From Emily:At Imago Dei Fund, we are honored to discover inspiring people with ideas that make cool things happen in the world. One such example is Courtenay Cabot Venton, the author of this post and an economist working in global development, who has spearheaded the development of an app being used around the world through a web of partnerships. This app helps people develop“self help groups” in impoverished places, making use of technology to empower and uplift their members. In many ways, Courtenay’s story of creating this app to empower women shows how the very nature of empowerment is changing.
It’s like the biggest play group ever, but political. On Tuesday, May 2, parents and babies from every state are converging on Capitol Hill and urging Congress to “Think Babies.”
Whenever there is a new initiative for babies, you can be sure there is a lot of woman power behind it. Man power, too, to be sure. But let’s face it: women still change more diapers, read more stories, and attend to more preschool dramas than men.
There is no doubt that women and entire communities benefit when babies are well taken care of. So this should be an important march, with a powerful feminist message: babies matter. Think Babies.
From ZERO TO THREE, the organizing leading families in advocating for policies that support the littlest humans:
Great private wealth is nothing new, but reading David Callahan’s The Givers will convince you that there is a different game at play today, with staggering fortunes and unprecedented elite hubris. Some fortunes are so big, and growing so fast, that even a dedicated philanthropist can’t give the money away fast enough. To cite just one example, Michael Bloomberg was worth around $5 billion when he became mayor of New York in 2002; he’s now worth more than $45 billion. With this figure in mind, the over one billion dollars he has given Johns Hopkins University to date doesn’t seem so big. Still, it’s an astonishing sum for most of us to contemplate. And that’s not all. Bloomberg has also given hundreds of millions to reduce smoking and traffic deaths globally, and combat climate change.