The former often benefit organizations working for community control of land and resources, such as the Earthseed Land Collective, the Federation of Southern Cooperatives and the Highlander Research and Education Center. The couple support progressive advocacy and movement groups, and have been active with the Democracy Alliance. I want to cede my power and my capital to marginalized communities, and to the people on the ground helping those communities. Re-evaluating traditional philanthropy, Jennifer says, is essential to creating a healthy society, but, with many of us uncomfortable talking about money, transparency is not easy. Read more: Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it. Silberstein founded library technology company Innovative Interfaces, according to Ballotpedia. Described by the Washington Post as "18 ultrarich liberals," including Regan Pritzker and Liesel Pritzker Simmons, Hyatt hotel heirs and relatives of Illinois Gov. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. Regan Pritzker Co-President, The Libra Foundation; Co-founder, Kataly Foundation Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. Shes also the donor behind the Art for Justice Fund. David Pritzker, 51 Jacob N Pritzker, 40 Michael B Pritzker, 70 Miles Pritzker, 58 Rebecca J Pritzker, 52 Aaron B Pritzlaff, 45 Amanda M Pritzl, 38 Barbara L Pritzl, 76 Carl Pritzlaff, 78 Herbert E Pritzlaff, 95 To the tune of $1.4 million, Kataly backed 23 Black-led organizing outfits and racial justice movement projects like the BlackOUT Collective, Black Organizing for Leadership and Dignity (BOLD), Dream Defenders, and the Anti Police-Terror Project. Some of the richest people in the United States support progressive causes and the number of such donors has grown in recent years amid a vast influx of wealth into philanthropy. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. Accessing these resources requires a subscription to Inside Philanthropy. Katalys rapid response effort segues with its plans to resource Black and native-led organizations in a generational way, engaging with movement leaders not as a fad or a one-time response, but over the long haul. English worked with fellow signee Molly Munger on a coalition lawsuit that won funding to build new public schools in Los Angeles in 2000, according to The Advancement Project. Spurred by the Covid-19 crisis, Americas racial reckoning, increasingly frequent climate disasters and a profound sense that traditional ways of giving are insufficient to meet burgeoning needs, donors are re-examining not only what but how they give. Rather than the returns coming back into Kataly, returns are distributed and moved out into the community.. Photo: STILLFX/shutterstock. A co-founder of Facebook and one-time owner of the New Republic, Hughes prioritizes economic opportunity, LGBTQ rights and global health in his giving. His daughter, who wore his monogrammed shirt for Robb Reports photo shoot in tribute to him, grew up in privilege and studied at Harvard. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts. She isthe daughter of philanthropist Agnes Gund. Kataly Foundation, Founded in 2018. , building their fortune from the Hyatt hotel chain. to become the online organizer for Barack Obama's first presidential campaign. File Number: 201332310199. from the University of Chicago. The Environmental Justice Resourcing Collective, as its called, includes several leaders from the funding world like Gloria Walton of the Solutions Project and Vanessa Daniel of the Groundswell Fund, as well as other advocates. The need for generational movement funding was one reason Kataly and a group of other fundersincluding some big newcomer donors to this workjoined the Libra Foundation last year to set up the Democracy Frontlines Fund. Weve been showing up at a significant enough scale to get peoples attention in the philanthropy world, and therefore to serve as an invitation to others. In the four years since its inception, the fund has dispersed $92 million to 287 non-profits, while also raising nearly $25 million from over 100 individual donors, including art collectors, artists and incarcerated people. Stein is the current President of the Moriah Fund, having succeeded his mother and Fund co-founder Mary Ann Stein. Jack Dorsey Says Elon Musk Should Have Never Bought Twitter: It All Went South, Louis Vuitton Turned a South Korean Bridge Into a Massive Runway for Its Latest Fashion Show, David Byrne Rode His Bike to the Met Gala, East Bay Permanent Real Estate Cooperative, Change Your View: Inside Robb Reports May Design and Travel Issue, Michael B. Jordan Christened Tiffany & Co.s Flagship Store Opening With a Vintage Diamond-Studded Brooch, Chris Pratt Paired a Panerai Luminor With a Custom Purple Checked Suit for the Guardians of Galaxy Premiere, King Charless Coronation Will Cost U.K. Taxpayers an Estimated $125 Million. The team does see connections between this component of Katalys work and its systems change grantmaking. Dorseys role at the helm of Twitter earns him frequent mention in the news. Barbara Picower founded the JPB Foundation with a fortune her late husband acquired, partially as the largest beneficiary of the Madoff investment scandal. I dont think traditional philanthropy has permission anymore to be holding all the cards, she says. She created the Kendeda Fund in 2003, but only came to light as its principal donor in 2015. Learn More Team Staff Strategic Advisors Katalys name is a window into its philosophy. "My mom's not a fancy, formal. Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. Libras expanding profile has much to do with Regan herself, who worked for years to shape the family philanthropys approach as a member of the foundations board. San Francisco, CA 94129. My discomfort came from recognizing that my wealth came at the expense of others, she says, and from realizing the issues she cared about profoundlyenvironmental and social injusticewere connected to the wealth inequalities from which she benefitted. Blanks former husband, Arthur Blank, co-founded Home Depot. Access your favorite topics in a personalized feed while you're on the go. He now serves as the Chairman of The Stride Rite Charitable Foundation. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. J.B. Pritzker signed legislation that amends the state's sports betting law that will finally allow bets to be made on in-state college sports teams while lifting the ban on online . Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. NCFP is here to help you on every step of your philanthropic journey. Pritzker also serves as the board chair of her family's foundation, ofounder and principal of impact investing firm Blue Haven Initiative alongside his wife and fellow signatory Liesel Pritzker Simmons, according to the firm's. Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Lacy O'Toole/CNBC/NBCU Photo Bank via Getty Images. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). The conversation is very exciting, with donors telling us, This is the nudge I needed, and families talking about values and what they wanted to give, says Jennifer, who delved into issues about money and family dynamics in her 2020 memoir, We Need to Talk. Since its inception, #HalfMyDAF has inspired donors along with others who have now joined the Rishers in matching donations to move $19.2 million from donor-advised funds to nonprofits. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. NCFPs Trustee Education Institute provides a comprehensive overview of the important legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members and CEOs. Hes also a donor organizer who helped found what is now the Threshold Foundation. A longstanding pattern in philanthropy holds that as vast generational wealth passes from parent to child, attitudes toward giving often liberalize as heirs reckon with unearned fortunes. After working as a journalist at The Wall Street Journal for five years, Lewis attended her first tech conference in 2011 and noted the industrys dynamism. Grantees include a strategically and geographically varied set of projects designed, for the most part, with local, grassroots control of economic decision-making in mind. Baumans father created the Bauman Foundation, a D.C.-based progressive funding outfit where she has served as President since 1987. Hes a prominent supporter of LGBTQ causes as well as a major Democratic donor. These givers have acquired their fortunesin different ways, including finance, tech,inheritance, and divorce or widowhood. The finance billionaire and Open Society Foundations founder is a titan of progressive giving at home and abroad, having earned the gratitude of left-leaning nonprofits and the ire of the right. The son of Renaissance Technologies co-founder James Simons, Nat Simons moves money through the Sea Change Foundation. As next-gen members of the wider Pritzker clan, this couples main funding vehicle is the Blue Haven Initiative, an impact investment shop focused on African enterprises. Among those patrons are the Gettys, the Pritzkers and the Fishers, whose families made their respective fortunes in oil, hotels and fashion. Alongside Regan Pritzker and her husband Chris Olin (in addition to Susan Pritzker, whos also on the new foundations board), Katalys team includes CEO Nwamaka Agbo, an activist and consultant whose restorative economics framework plays a vital part in how Kataly moves its money. The solutions we need rest in communities impacted by systemic injustices; their work is often rooted in cultural traditions that they reclaim and apply in new and innovative ways. Our intention is to be a partner that supports these solutions, leading to lasting regeneration that transforms us all. She supports racial justice organizing through the Daphne Foundation and has been critical of corporate compensation at the Walt Disney Company. That trend, operating alongside wealth inequality unparalleled in living memory, has generated speculation about a new golden age of philanthropyin numerical termsbefitting what weve called a new Gilded Age. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. He went on to receive a J.D. So many of the ways communities have experienced voter suppression [have] been to deny them access in recognizing their power, and the importance of being able to make decisions about their livelihood, she said. A graduate of, UC Berkeley and Stanford, Pritzker is an elementary school teacher and has three children, according to a biography of her on the. Hes a steady backer of environmentalist and LGBTQ causes, and has served on the boards of the Natural Resources Defense Council and the Rocky Mountain Institute. Featuring the perspectives of innovative donors and a faculty made up of donors, board members, and highly respected philanthropy experts, this virtual seminar covers: Translating values and goals into action Connecting family legacy and, Fundamentals of Family Philanthropy Webinar Series. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Agbo noted that theres a link to be made between those questions and the democratic process itself. As a child, she starred in several big-name Hollywood productions, including "A Little Princess" and "Air Force One," alongside Harrison Ford. Gund, 81, used the fortune she inherited from her father, the president of an Ohio-based bank, to become a noted philanthropist in arts and social justice, according to The New York Times. But as part of a nationally energized movement, it can become a mechanism for broader change. The granddaughter of The Walt Disney Company co-founder Roy Disney has made a name for herself as one of the company's most outspoken critics. LinkedIn is the world's largest business network, helping professionals like Regan Pritzker discover inside connections to recommended . Fundamentals of Family Philanthropy Webinar Series. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. Kataly funds nearly 300 organizations, an eclectic list that ranges from the East Bay Permanent Real Estate Cooperative, which helps BIPOC communities purchase mixed-use and residential properties, and the Asian Pacific Environmental Network, a green advocacy group representing immigrant communities, to the Harvard Divinity School. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. Apply to join the directory. They include the environment; youth, arts, and education; corporate and market campaigns; and alternative media. All Star Code takes a holistic approach, identifying promising Black and Latino high school boys and enrolling them in summer intensive programs in computer coding. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. The Klarmans fund social justice and Jewish causes in Boston and throughout the U.S., as well as internationally. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. Keep up with trends in family philanthropy. Grantees include Demos and the Common Cause Education Fund. Reeves and Berger tapped a financial fortune to found Unbound Philanthropy, an under-the-radar grantmaking organization with a tight focus on immigrant, migrant and refugee rights. She served as the United States Secretary of Commerce for a term. Recently, Eric and Wendy Schmidt have taken steps in a progressive direction, including toward racial justice movement funding. Register now: https://bit.ly/3vBtr1c . He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. A former Microsoft executive and CEO of the Bill & Melinda Gates Foundation, Raikes own giving through the Raikes Foundation prioritizes educational equity, combating youth homelessness and philanthropic field-building. Beneficiaries include environmental policy organizations. They fund environmental justice work through the Northlight Foundation, particularly in Alaska. Both Pritzker and Agbo emphasized the need to support structural change and movement building from the bottom up, via grantmaking that relinquishes funder control, and among the wealthy and privileged via intentional donor organizing. According to a grantee breakdown on Katalys website, the Restorative Economies Fund has carried out the highest dollar amount of grantmaking so far, with Agbo managing that work herself. Norman Lear co-founded People for the American Way, and the Lear Family Foundation frequently supports progressive advocacy, including for the environment. Qualifying donors nominated nonprofits, and the Rishers selected grantees at random from a vast array of organizations, including the Alzheimers Association, the Chinese Progressive Association, Earthjustice and the Equal Justice Initiative. Among the beneficiaries is A New Way of Life, an organization providing housing and support for formerly incarcerated women. J.B. Pritzker and his powerful billionaire family, including his transgender cousin, are at the forefront of pushing a radical gender ideology in schools and medical facilities, according to a new report. Behind the scenes, he has been ramping up his giving through Start Small, which cut its teeth on COVID-19 relief and began funding social justice movements at a steady clip soon after. After seeing Ava DuVernays documentary, In the four years since its inception, the fund has dispersed $92 million to 287 non-profits, while also raising nearly $25 million from over 100 individual donors, including art collectors, artists and incarcerated people. Kataly's emerging mission centers on promoting social justice and racial equity in communities most impacted by injustice. Simmons, 44, serves as the cofounder and principal of impact investing firm Blue Haven Initiative alongside his wife and fellow signatory Liesel Pritzker Simmons, according to the firm's website. Billionaires from George Soros to Abigail Disney are begging to be taxed more, Facebook / Bigelow Laboratory for Ocean Sciences, stayed mum on the exact size of her inheritance, Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it, she starred in several big-name Hollywood productions. Our silence keeps the status quo in place and keeps us from examining our relationship with money, from holding ourselves accountable, she says, and it keeps us in a bubble unaware of our own privilege., Self-described philanthropreneur Christina Lewis has a mission: to provide not just something decent, but something excellent, to Black and Latino boys, she says, which is what they deserve.. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. When you look at the crises in aggregate, what were seeing is an inability to recover. Contact NCFP for support! In isolation, a cooperative enterprise or community-governed loan fund can only do so much. Career But their financial machinations did not stay private for long. 5 Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. By subscribing, I agree to the Terms of Use and Privacy Policy. Like this article? The Bay Area is a priority. Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. Gund received the National Medal of the Arts in 1997 from President Bill Clinton for her work, which included serving as thepresident of the Museum of Modern Art in New York. Arcus also funds conservation work in Africa and Asia. Like her father Blair Hull, Megan Hull is a Democratic donor who also helps lead the Hull Family Foundation in its progressive grantmaking. Regan also serves as co-chair of Global Greengrants Fund, a global network of donors and activists supporting communities to protect their ways of life and our planet. At home, interests include progressive media, the environment and judicial reform. There is some overlap between Katalys environmental justice and restorative economies grantees. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. Pritzker has made a point of involving herself in progressive donor organizing platforms like Resource Generation and Solidaire, where participants are willing to lean into the taboo topic of personal wealth. Today, Swift is an environmental funder that predominately funds work arising from Indigenous people and their local communities. Bowditch has previously advocated for raising taxes on the wealthy: In 2010, he signed an open letter to President Obama asking him to allow tax cuts for millionaires to expire, according to a CBS affiliate in Boston. She isthe daughter of philanthropist Agnes Gund. The Pritzkers: There seems to be no shortage of Pritzker heirs with ambitious philanthropiesincluding Nicholas Pritzker, who runs the Libra Foundation with his wife Susan (see below) and J.B. Pritzker, who has worked with his wife M.J. to become one of the leading funders of early childhood learning. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. Compared to its restorative economies funding, Katalys environmental justice grants are smaller but more numerous, most coming in at either $45,000 or $150,000. They first backed him when he was a restaurateur and. Recently, theyve dipped into progressive giving with a COVID response fund to benefit undocumented immigrants and some racial justice movement funding. Sue Pritzker holds up one-year-old son Jay Robert Pritzker, the future Gov. She also told me that transferring wealth to community-owned and governed organizations allows us to build up the financial sustainability of those communities, of those projects. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. This early tech entrepreneur gives in a variety of areas, including progressive policy, education, libraries, and arts. When I look at philanthropy, its white people of privilege controlling the wealth, she says. Instagram co-founder Mike and wife Kaitlyn are interested in criminal justice reform, as well as U.S. policy, science and global health and development. Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. Crucially, Agbo notes, Katalys program directors come out of direct lived and movement-building experience, which helps them build trust. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. Reginald went on to become a prominent corporate-takeover financier, a self-made multimillionaire and the first Black man to own a company with more than $1 billion in annual revenues, TLC Beatrice International Holdings Inc., before his death at age 50 from brain cancer in 1993. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. The goal was just to get the money moving.. But the pandemic made them rethink their approach to giving. She is president of San Francisco-based Libra Foundation, which was founded by her. . In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. 3. McIntosh helped found Rachels Network. All of this is based upon Agness vision of equity and inclusion and serving the communities that need us most, says Alison Scott-Williams, president of Studio in a School NYC. Fran Sussner Rodgers founded WFD Consulting, which she led for many years alongside her husband Charles. This is the moment. Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. Annual IP membership required. Keep up with trends in family philanthropy. In 2016, Forbes put Hughes' net worth at $430 million. An heir to the Reynolds tobacco fortune, Bagley was active in Democratic Party politics in the 1990s before settling into leadership roles with the Arca Foundation and the Z. Smith Reynolds Foundation. It references the Greek root of the word, spelled with a k. Like any chemical catalyst, the Kataly Foundation is intended as a means to an end, not an end in itself. Katalys may end up proving even more so. For Regan Pritzker, a member of one of Americas wealthiest families and co-founder of the Kataly Foundation, coming to grips with those questions has been a lifelong project. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. Bilek refers to the emerging, radical gender beliefs as separate spheres ideology, a term which goes beyond a push for equal rights for LGBTQ people and portrays biological sex as existing on a spectrum that can be altered with surgery and drugs. Sandler is a trustee of the Sandler Foundation, founded by his late parents Herb and Marion. Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her Art for Justice Fund, which aims to safely reduce the prison population and, like many of her efforts, incorporates art and artists in the solution. Omidyar is a major media funder and has recently begun backing worker power. Regan also serves as co-chair of Global Greengrants Fund, a global network of donors and activists supporting communities to protect their ways of life and our planet. on a black and white TV in my . She is the wife of fellow signee Robert S. Bowditch. Were at a point of inflection for philanthropy. We knew that nonprofits were strapped and stressed, and we thought, What can we do to help? , The couple quickly hit upon a solution: targeting the money that was sitting at the readybut languishing in donor-advised funds, or DAFs, which hold an estimated $140 billion. netted him a fortune, which he employs to support causes like LGBTQ rights, gun violence prevention and civic programming in Los Angeles. Theres this whole wait for a rainy day mentality, she says. Through investments in the techno-medical complex, where new highly medicalized sex identities are being conjured, Pritzkers and other elite donors are attempting to normalize the idea that human reproductive sex exists on a spectrum, writes Jennifer Bilek. Earharts fortune stems from the oil wealth of J. Paul Getty. His grantmaking is picking back up again lately and prioritizes civil rights and community work. Following husband Steve Jobs death, Laurene Powell Jobs has pursued interests in education, immigration and the environment via the Emerson Collective. A mathematician and early employee at Google, desJardins gives through the Desjardins-Blachman Foundation along with his wife. From @bjportraits The Billionaire Family Pushing Synthetic Sex Identities (SSI) Tablet Magazine https://t.co/2LR06p3ZvV, Partners for Ethical Care (@ethical_care) June 15, 2022. This couple gives through the eponymous Heising-Simons Foundation, which boasts a climate and clean energy program, and a human rights program centered on countering the structural racism of mass incarceration and immigrant detention. The New York Citybased nonprofit mentors the students, leading most of them to major in computer science in college and ultimately to land jobs at blue-chip companies such as Microsoft, Facebook, JPMorgan Chase and Google. An investor, Albright gives through the ARIA Foundation. Agnes is an extraordinary philanthropist. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Part of our work is to support our own just transition, Pritzker said. By clicking Sign up, you agree to receive marketing emails from Insider She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. From the start, Pritzker knew she wanted to set up a giving vehicle distinct from Libra, which she described as a shared project with her parents and siblings. The eBay billionaire has largely focused his strategy on investing in social entrepreneurs, but also engages in grantmaking on a wide array of global issues. Hanauer, 60, is an entrepreneur and investor. J.B. Pritzker became governor of Illinois in 2019; his sister Penny Pritzker was Secretary of Commerce in the Obama Administration. Her horror prompted her to sell one of her favorite paintings, Roy Lichtensteins 1962 Masterpiece, and use $100 million from the proceeds to start the Art for Justice Fund.

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