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I love seeing how many companies, individual philanthropists and foundations are stepping up to support nonprofits and communities in this moment of unprecedented, dire need.
Racial equity is getting important new attention and an influx of donations, for example Walmart and the Walmart Foundation have committed $100 million through a new center of racial equity. https://corporate.walmart.com/newsroom/2020/06/05/making-a-difference-in-racial-equity
Mackenzie Scott made some seriously big bets on organizations that can now have some breathing room to do their important work. https://www.nytimes.com/2020/07/29/us/mackenzie-scott-billion-fortune-bezos.html
Three grantmakers are spending themselves out of existence and making the case to others to do the same. https://www.philanthropy.com/article/There-Is-No-Better-Time-Than/249230/#.XyBKqPivXfM.twitter
Community foundations have aggregated $1B in support across the nation and have been on the front lines in COVID response. https://www.philanthropy.com/article/Community-Foundations-Boast-1/249179
This response by philanthropy is exciting and inspiring. Philanthropy has long played a vital role in American society and will continue to do so long into the future.
We are facing a far-reaching, multi-faceted, entrenched set of challenges where Black, Indigenous, and People of Color are shouldering the majority of the burden and suffering. Our opportunity is to rebuild in a way that provides economic security, health and safety for all.
Among other things, this will require major changes in government policies, systems and structures that have long worked for some but not for all. Which hightlights the important role of advocacy and policy change in our sector.
Which means more philanthropists must understand and fund advocacy and policy change in order to achieve the broad scale change they hope to acheive with their philanthropy.
Fund the advocates and give them multi-year, general operating support.
