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.
It’s our favorite time of year, again! The moment when we reflect on the highlights of philanthropy over the past 12 months through our annual IP Philanthropy Awards, or IPPYs.
Some of the best cheer we can bring to the holidays is through homemade gifts. Paul Newman discovered this when he and pal A.E. Hotchner made salad dressing for Christmas presents for friends and family, served up in recycled wine bottles. Out of this simple giving practice came the idea of Newman’s Own, a brand Paul Newman would put his name on in 1982 with the plan of giving all profits to charity. Since that time, the company has donated over $450 million dollars to organizations in the nonprofit sector.Although Newman’s Own started 33 years ago, Newman’s Own Foundation was established by Paul Newman in 2008 to ensure that his philanthropic legacy would continue. Newman asked Bob Forrester, who has spent his entire career in philanthropy, to be the Foundation’s president.
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.
The Arcus and NoVo Foundations are heading into new terrain on equity and inclusion. With Arcus as the lead funder investing $15 million over the next five years, and NoVo and other partners committing another $5 million, these funders are seeking to bring in from the margins transgender people who are being excluded from many of today’s opportunities, and face higher rates of violence, unemployment, and homelessness.
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.