Investing $100 Million In Organizations Building Equitable Communities
Moore Impact recently partnered with Warner Music Group and the Blavatnik Family Foundation Social Justice Fund (SJF) to invest $100 million in organizations working to build more equitable communities and create real change in the lives of historically underserved and marginalized people, with heightened attention to Black communities.
SJF’s initial six grant recipients include Black Cultural Archives, Black Futures Lab, Florida Rights Restoration Coalition (FRRC), Howard University, REFORM Alliance, and Rhythm & Blues Foundation.
Established in the wake of the brutal killings of George Floyd, Breonna Taylor, Ahmaud Arbery, and countless other Black people, SJF will “not only work to effect structural change through our contributions but also support Black-owned and led businesses” says Camille Hackney, President of SJF and Chief Partnerships Officer at Atlantic Records/Head of Global Brand Partnerships Council at Warner Music Group.
When considering racial equity in impact and philanthropic investment spaces we must examine both who is managing the investment of assets for people and institutions of wealth, as well as who is managing the deployment of those assets. The percentages of POC-led firms in these spaces hover at or below a dismal 1%. This session will provide inspiration to influence your organization’s engagement of philanthropic and asset managers of color leading to a better alignment in equity goals.
Even before COVID-19, children around the world had been facing another pandemic, with over 300 million children living on less than $1.90/day despite declining global poverty rates. Now, according to UNICEF and Save the Children, the economic fallout of the COVID-19 pandemic could thrust at least 86 million more children from lower and middle-income countries into household poverty by the end of 2020. In the US, the annual poverty rate will reach levels comparable to the Great Recession, and child poverty is projected to rise by 53%. The implications for child health, safety, social mobility, and well-being are catastrophic and will also widen gender, racial and ethnic disparities. Even amidst this bleak forecast, bold solutions are emerging, from grassroots to grasstop NGOs, policy advocates, funders, and field leaders.
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Reflecting on the Catalytic Impact of Investing in Women and Girls of Color
When I launched Moore Philanthropy in 2015 I made a commitment to highlighting investments made by donors in the African Diaspora, lifting up the demonstrated proof that we are investors and not only recipients. But as I reflect upon Black Philanthropy Month 2020 and my 21 years in institutional philanthropy, I am saddened and quite honestly angered by the ongoing failure to invest in Black women and Women of Color, not only in the U.S. but around the world.
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The Funding Space is a learning, creative, and partnership development space. It brings together local and international experts in social entrepreneurship and fundraising, impact investors, venture capitalists, and financial institutions to facilitate sessions.
Every family, individual, and foundation is different. Consultants have to have a toolkit of competencies, active listening, and facilitation skills to approach each engagement in distinct ways. Watch a conversation with consultants Dawn Franks, President of Your Philanthropy, and Yvonne Moore, Principal Advisor of Moore Philanthropy, to discuss how to work effectively with family foundations and high-net worth individuals to support their philanthropic efforts.
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