A roundup of timely insight from the grantmaking community and beyond.
“Spending all our assets is ultimately an investment in hope and belief that community leaders, working with thriving democratic institutions, can serve people better than philanthropists can. If we upend philanthropy’s ossified structure of privately controlled money and power and invest fully in a more just and equitable society, economic prosperity will grow, and the need for philanthropy will sharply diminish. So, ask yourself: What are you saving your endowment for?” [more]
– Ellen Friedman, Compton Foundation; Glen Galaich, Stupski Foundation, and Pia Infante, Whitman Institute, in Chronicle of Philanthropy
Three Actions Philanthropic Funders Can Take to Advance Equity for Immigrant and Refugee Workers [more]
– Monica Munn, WES Mariam Assefa Fund, on Philanthropy New York
“Although the economic crisis brought on by the global pandemic is wreaking havoc on the finances of all nonprofits, organizations led by people of color already often live close to the financial edge. We are hearing from our networks that these nonprofits are even more vulnerable right now.” [more]
– Cheryl L. Dorsey, Echoing Green; Peter Kim, The Bridgespan Group; and Marcus Walton, GEO, on GEO