Philanthropy Women

Women’s Giving Circles In the News

The Philadelphia Inquirer just published an excellent in-depth piece on giving circles, and it prompted me to do a scan of the women’s giving circle activity out there in the news.

As the Inquirer article explains, more giving in the circle form is happening now than ever, and much of it is being driven by women.

My favorite line from the Philly Inquirer piece is from Paula Liang:

“The collective giving movement has grown slowly but steadily over 25 years,” says Paula Liang, chair of Catalist, a national network of 75 women’s giving circles that represent 20,000 donors, “and now has reached what lots of us believe is a tipping point.”

Orchid Giving Circle, a Texas Women’s Foundation group, recently granted $219,500 to 14 community organizations in Texas. (Photo Credit: Orchid Giving Circle)

As the article reminds us, giving circles have quadrupled over the last decade, and the majority of the activity in the movement is women-led. Much of it is also focused on giving to women and girls, such as Project W, the giving circle featured in the Philly Inquirer article.

Leap of Faith: Oxfam Studies Funders for Women and Girls

Oxfam did the world another service recently by producing a report called A Leap of Faith: Conversations with Funders of Women’s Organizations. The report, which was written by I.G. Advisors, tells the story of how the funding landscape for women and girls feels close up — the ways that these funders struggle with trusting their grantees while also finding useful metrics to measure their work.

Oxfam has produced a new report studying how funders for women and girls approach their work. (PHOTO CREDIT: Nana Kofi Acquah / Oxfam)

Dr. Fenella Porter of Oxfam introduces the report by examining the profound power imbalances that exist between grantees and grantmakers across the board. She suggests that one form of power that grantees have is the power inherent in being the information collectors — the bringers of knowledge. “Knowledge is certainly power,” Porter continues, “but we must also recognize the many other power imbalances” that exist in philanthropy.

Jenny Flores, Head of Corporate Social Responsibility at Bank of the West

Editor’s Note: This Q&A is with Jenny Flores, Head of Corporate Social Responsibility for Bank of the West. Grameen America recently announced a new collaboration with Bank of the West, which is donating $2 million to assist with the launch of a new Grameen branch in Fresno, California.

What is the relationship between Bank of the West and Grameen? Does Bank of the West provide the funds and Grameen evaluate the loans and administer the program?

Building on a relationship started in 2017, Bank of the West made an initial $1.5M investment to provide lending capital to Grameen’s Bay Area, Los Angeles, and New York branches, helping to establish Bank of the West as one of Grameen’s key business partners in the U.S.

Wealth Transfer Coming Up: How How Women Will Shape It

Editor’s Note: The following essay is authored by Jenny Xia and Patrick Schmitt, Co-Founders of Free Will, an award-winning social venture with a mission of supporting world leaders in law, design, and philanthropy. To date, more than $850 million has been committed to nonprofit organizations through Free Will. They discuss implications of the upcoming wealth transfer to women.

In the next two decades, an estimated $30 trillion will be inherited in the US as the large and prosperous Baby Boomer generation passes its wealth on to the next generation. This is the largest wealth transfer in human history, and may be the single greatest opportunity for philanthropy ever.

This demographic wave is beginning to thrust “planned giving” and “bequests” (giving through wills, trusts, and a few other avenues) from the outskirts of mainstream philanthropy into the spotlight.

VIVA Girls: How MADRE Funds Girls on the Margins

Around the world, girls and teens are exposed to violence, environmental devastation, societal exclusion and harm, and other difficulties. MADRE is an international women’s rights organization that typically partners with women-led groups dealing with war and disaster. It is now stepping up to specifically support girls’ growth as they face diverse challenges through a new grantmaking program: VIVA Girls.

Girls from Columbia working with MADRE. (photo credit: MADRE)

With a focus on listening to and uplifting girls’ voices and solutions, MADRE wants to reach “girls from marginalized communities who endure many forms of discrimination; what some people would call ‘girls on the last mile,’” Executive Director Yifat Susskind says. Susskind offered us insights into how VIVA Girls works. MADRE plans to devote about $3 million to this initiative during the next three years.

Investing in Gender Equity with a Better Tax Structure

Here at Philanthropy Women, we are primarily concerned with how gender equality movements are being cultivated through charitable giving. However, we occasionally like to step out of our silo and bring in news about how gender equality can be fostered through our collective distribution systems known as governments.

Which is why, today, we want to talk about Elizabeth Warren’s proposed ‘Wealth Tax’. According to Nancy L. Cohen, author, historian and thought leader on gender and American politics, “Warren’s wealth tax would be a massive investment in gender equity.”

Warren’s proposed tax structure might be the biggest boon yet for gender equality in the U.S. (Photo Credit: Wikimedia Commons)

“Senator Warren’s proposed wealth tax is a massive investment in gender equality – and if enacted, would be a gamechanger for women and girls across the US,” said Cohen, further describing the tax plan as a “bold investments in universal childcare and early education” that would “raise wages for childcare workers” and “unleash the potential of American women – increasing workforce participation and helping to close the gender wage gap.”

Feminism is for Everybody: Spotlight on Suzanne Lerner

Editor’s Note: This interview in our Feminist Giving IRL series features Suzanne Lerner, activist, philanthropist, and co-founder and president of fashion brand Michael Stars. She serves on the board of the Ms. Foundation, ERA Coalition, and A Call to Men, as well as being a member of Women Moving Millions and Women Donors Network. To learn more about Suzanne, go to www.suzannelerner.com.

What is the most important message people need to understand about why gender equality is so important?

Equality is good for everybody. Period.

What Can Pivotal Ventures $1 Billion Do for Gender Equality?

Much celebration and excitement accompanied Melinda Gates’s recent announcement that she will devote $1 billion in new funding to women and girls over the next ten years.

There is good reason to be excited. This new funding will be disbursed by Pivotal Ventures, the investment and incubation company founded by Melinda Gates in 2015. Pivotal Ventures is going to do things differently, it seems, with the ability to come in with either philanthropic or investment capital. Perhaps Melinda chose to start a new company for this work because she realized it would be easier to start from scratch and be less confined by other Gates organizations in philanthropy or business.

Leadership for a Changing World: Mary Robinson at #WomenFunded

Mary Robinson, former President of Ireland, provided the keynote address for Women Funding Network’s conference, Leadership for a Changing World, held in San Francisco in September. With a message of urgency about our climate crisis combined with a call for more women’s leadership, Robinson brought the audience to their feet with applause for her words.

SAN FRANCISCO, CA – September 12 – Mary Robinson and Melanie Allen attend Women’s Funding Network Conference and VIP Reception with Former President of Ireland Mary Robinson on September 12th 2019 at Hotel Kabuki in San Francisco, CA (Photo – Susana Bates for Drew Altizer Photography)

“Unless women take leadership in dealing with the climate crisis, then all the other issues, and I fully believe in the intersectionality of all the other issues, but all the other issues will actually fade, because we won’t have a livable world for our children and grandchildren,” said Robinson. “It’s as simple as that, and as stark as that, and as real as that, and that’s why it’s so important that women are now taking that leadership.”

Feminist Giving IRL: Next Gen STEM Innovators

Editor’s Note: This interview in our Feminist Giving IRL series features Talia Milgrom-Elcott, Executive Director of 100Kin10, an initiative that aims to train 100,000 excellent STEM teachers in U.S. classrooms by 2021.

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

Talia Milgrom-Elcott (courtesy of 100Kin10)

I wish I had understood why it’s important to sweat the small stuff. Sweating the small stuff really matters. It means you care, it differentiates you, and it helps you learn about what you’re doing and how to get it done. I double-checked links, proof-read press releases and went over agendas minute-by-minute. But what I’ve learned, with perspective, is that the small stuff itself really is small. It only matters because, in total, it signals something bigger: that you care, that you’ve made the project your own, that you’re committed to excellence. It means you can be trusted to get your stuff done and get it done right. This doesn’t mean you won’t make mistakes. You can, and you will. And, that’s just fine. Because it’s about the trendline, and you’ve proven yourself someone who can be trusted. Realizing this makes it easier to see the big picture and experience joy in the work, too.