As the power of women grows in society, their influence in philanthropy is simultaneously increasing. A recent study from the Women’s Philanthropy Institute, “How and Why Women Give 2015,” reveals that, due to significant progress toward social and economic equity with men, “women have never before had so much control over philanthropic resources.” On top of that, the world is going through an awakening about investing in the rights and well-being of women and girls like never before.With all this going on, major developments for women and philanthropy seem to be happening at every turn. Here is a review of some of the significant trends and emerging topics in women and philanthropy from 2015.
After receiving an initial grant in 2014 from the Knight News Challenge Awards, CODE2040 is getting a new grant of $1.2 million dollars from Knight to expand its programs that address the racial tech gap.This grant comes along at a time when the digital realm’s inclusion gaps are receiving more attention from funders, although racial equity has been on the radar for the Knight Foundation for many years.
On November 4, we held a webinar called Impact Giving for Women and Girls of Color, a first-of-its-kind online forum to discuss where funding is headed for this population, featuring three expert speakers on the topic: NoVo Executive Director Pamela Shifman, Scholar C. Nicole Mason, and Southern Black Rural Women’s Initiative leader Oleta Fitzgerald.It was an amazing experience. I received several emails from attendees in the afterhours, wanting to discuss the future of this movement and looking for ways to guide and coordinate efforts.
Question: If funding to support boys and men of color is a priority, with some two dozen foundations involved, why are women and girls of color not an equal priority?The fact is that few new philanthropic efforts are aimed specifically at improving the lives of girls and young women of color.
As the economy continues to recover and social movements directed at addressing inequality continue to gain steam, one field of philanthropy that is in ascent is asset building, which helps low income people build up savings to expand their economic opportunity.
For children, one feature of the asset-building strategy is child savings accounts, with the goal of getting more children to start saving and building a nest egg for the future.
The high percentage of U.S. children living in poverty—one in five, at last count—hasn’t changed much in the past few decades. And while you’d think that would be a national scandal, this issue has just never had the political traction advocates have hoped.
Lately, though, things seem to be changing. Early childhood education is moving up on the national agenda and a new book by Robert Putnam on the deeply unequal lives of American children has received wide attention. Amid a growing debate over inequality, and also race, fresh opportunities are emerging to improve the lives of kids.
Youth unemployment is a national problem that is now squarely on the agenda of funders. Just the other day, we wrote about a new initiative spearhead by Starbucks and its CEO Howard Schultz to provide jobs and opportunities to 100,000 young people. We’ve also written about a range of other philanthropic efforts to bolster the work readiness of young people.
Two themes stand out in these initiatives: One, most look beyond the concrete skills of young Americans, or what jobs are available to them, to a deeper, more complex problem—the alienation of many young people from the mainstream world of work and the challenges they face in engaging with this world.