April 10, 2019

NFG speaks with place-based funders on how they are using impact investing to further justice and equity

A newspaper page with graphs and charts for the stock market.

Photo by Markus Spiske on Unsplash

An increasing number of foundations are embracing impact investing as a powerful strategy to potentially make use of all of their assets — not just 5% — to advance their place-based and justice-oriented missions. Last month, several Neighborhood Funders Group members attended Confluence Philanthropy’s 9th Annual Practitioners Gathering to explore how the philanthropic and investment sectors can accelerate movement-building for equity. In reflection, a few folks from NFG’s funder network share their perspectives on, and experience in, mission-related investing.

Beyond grantmaking for racial equity

Soon after Confluence Philanthropy’s Gathering, NFG member Amalgamated Foundation launched the Hate Is Not Charitable Campaign. The campaign brings to light how Donor Advised Funds (“DAFs”) have been used to finance hate groups — often times anonymously — and calls on DAF providers to stop this trend that can fund in direct opposition to some of these foundations’ missions. While the campaign highlights how DAFs can be misused when they are eventually dispersed, Amalgamated is also considering how these funds are being used while they are waiting to be dispersed.

Quote by Tyler Nickerson of Amalgamated Bank: “This is an opportunity for foundations to put all of their resources towards mission alignment and supporting enterprises that center a racial justice strategy.”“DAFs provide a set of resources... that can be risk tolerant, quick moving, and significant in their scale. Utilizing current IRS tax codes, DAF holders are allowed to make program related investments with their resources,” says Tyler Nickerson, First Vice President for Philanthropy Banking at Amalgamated Bank.

By choosing not to invest in some of the market’s largest companies in the fossil fuel, gun manufacturer, and private prison industries, Amalgamated is proactively aligning all of its assets with its values of environmental and social responsibility.

Incourage Community Foundation invests all of its endowed funds, including DAFs, in the same investment pool that includes their impact investments. According to Heather McKellips, Director of Learning & Engagement, "Incourage looks for investment opportunities that advance its vision of an inclusive, adaptive, and sustainable community.” She says, “Prudently thinking through how the principal portion of an investment portfolio (the 95%) can be effectively deployed to positively impact an issue, in addition to the traditional grantmaking portion (the 5%), greatly increases the ability to impact the real issues facing our communities.”

Impact investing strategies

For Incourage, this includes an African American-led private equity fund that seeks to provide business ownership opportunities for entrepreneurs of color and regional Community Development Financial Institutions (CDFIs) that channel capital and technical assistance to underserved populations including entrepreneurs and households of color, and nonprofit organizations serving communities of color. Heather explains, “By investing in CDFIs that do small business lending in a community, area businesses can then more readily access needed funding to start up, retain, and expand operations, meaning more families have jobs and then have less of a need for support services that are often funded by grant dollars.”

Quote by  Mark Paley of The Hyams Foundation: “Hyams does, however, have a long history of utilizing PRIs… These investments are examples of using issue-specific investment models to further Hyams’s racial equity work beyond direct grantmaking.”For foundations just starting with impact investing, it can be helpful to look at these alternatives. NFG member The Hyams Foundation considers itself to be at the beginning stages of its impact investment work and is exploring investment strategies to further its mission to increase economic, racial, and social justice and power within low-income communities in Boston and Chelsea, Massachusetts. In addition to its affordable housing PRIs, Hyams is exploring additional social, economic, and racial justice investment opportunities including social enterprise, wealth building, and solidarity economy models.

“Hyams does, however, have a long history of utilizing PRIs, including two active loans to affordable housing loan funds. These investments are examples of using issue-specific investment models to further Hyams’s racial equity work beyond direct grantmaking,” says Mark Paley, Director of Administration & Finance (and NFG board member).

Quote by Heather McKellips of Incourage Community Foundation: “We have found it to be much more effective to start with the problem or issue, and then look holistically at what the resources are that you, or someone you can collaborate with, can bring to bear.”There are many approaches to impact investing. Unlike Amalgamated Foundation, Nia Community Fund's approach is to invest directly into solutions-focused companies with diverse leaders, rather than screen out sectors. Founder and Director Kristin Hull says, “We begin with our end goal in mind, rather than with traditional investment philosophy. We think about how we can use each dollar to maximize our positive impact.” Their investment dollars go to women and people of color-led businesses working to address social justice and environmental sustainability.

Amalgamated is also exploring new models seeking to expand capital to Black, Brown, and Native communities. “This is an opportunity for foundations to put all of their resources towards mission alignment and supporting enterprises that center a racial justice strategy,” says Tyler Nickerson.

Impact investing should always be centered around core values. Evaluating how a foundation is putting its values into practice can even start with how they interface with the investment industry itself. For example, Nia Community Fund looks for companies, funds, and investment managers that use a racial justice lens, and predominantly works with women and people of color.

Quote by Kristin Hull of Nia Community Fund: “Our investment dollars far outweigh our grant dollars and so we are really strategic with both buckets and do as much to leverage what we have and have every dollar be as effective as possible.”Incourage Community Foundation takes their role as an investor even further by being “active owners who vote proxies and practice other forms of shareholder engagement to encourage inclusive and fair labor practices, strong governance, and responsible environmental practices by corporations doing business in our state,” according to Heather McKellips.

Amalgamated’s Tyler Nickerson suggests that investors and grantmakers “listen to the communities in which they seek to support. They know what the community needs and the type of businesses it can support. Community members also know who is a fair employer and a good steward.” He notes that centering those voices and racial justice is key in developing solutions like a fair and equitable business strategy, whether it involves grocery stores or clean energy or manufacturing jobs.

Takeaways and lessons learned

1. Much like a healthy business model, communities need diverse forms of investment.

“Communities need multiple types of capital to become inclusive, thriving places. Charitable grants can’t be the only the tool to build greater equity within community,” says Tyler Nickerson. “Grants coupled with investment capital will create an integrated stream of resources to build communities where all people can succeed.”

2. For some funders, the grant-to-investment ratio can be strengthened, even while preserving an endowment’s lifespan.

Nia Community Fund’s Kristin Hull points out, “Our investment dollars by far outweigh our grant dollars and so we are really strategic with both buckets and do as much to leverage what we have and have every dollar be as effective as possible.” Nia Community Fund focuses on working beyond the status quo and investing into a just, sustainable, and inclusive economy, which means having an investment policy statement and investment practices that keep equity and justice as the core principles.

3. Focus on community needs first, and develop your investment model accordingly.

While foundations often start with an investment product that they then try to figure out how to use to address their focus issues, Heather McKellips of Incourage Community Foundation says, “We have found it to be much more effective to start with the problem or issue, and then look holistically at what the resources are that you, or someone you can collaborate with, can bring to bear."

4. Spread the risk and enhance the impact through collaboration.

This collaboration is key to moving the philanthropic and investment sectors to a more integrated and effective model. Confluence Philanthropy and NFG are creating spaces to explore ideas around impact investing, such as the Hyams Foundation’s interest in engaging with other organizations on what racial justice investment metrics could look like.

Amalgamated’s Tyler Nickerson advises, “Find your allies and ask them to join in community-based solutions. Doing so spreads the risk, expands the capital stack, and helps move other institutions in their learning journey.”

January 13, 2021

Discount Foundation Legacy Award

The nominations are now open for the 2021 Discount Foundation Legacy Award!

The Discount Legacy Award annually identifies, supports and celebrates an individual who has demonstrated outstanding leadership and contributed significantly to workers’ rights movements in the United States and/or globally. Through public recognition and a $20,000 stipend, we hope to recognize and amplify the work of individuals at the intersections leading the way toward justice for low-wage workers of color. This is a one of a kind opportunity to recognize the often unheard voices of worker movements - that includes volunteers, members, workplace leaders, and more who are transforming the lives and rights of their fellow low-wage workers of color. 

To be eligible for the Award, a nominee must be active in worker justice, including but not limited to organizing and advocacy-related work. Additionally, nominees do not have to be employed at an organization or institution whose mission is to advance worker justice – they can be volunteers, members or other leaders at an organization or workplace organizing effort. We will not be asking questions regarding immigration or other legal status, and nominees do not have to reside in the US.

Nominees need to be nominated by someone other than themselves, through a simple, quick and accessible application process found here. The Award is meant only for individuals. Organizations, groups of individuals or institutions are not eligible for consideration. If you know anyone who you think should be recognized for their significant commitment to worker justice at any level - from a workplace to the neighborhood to the nation -  this is your chance to provide them a powerful boost and real resources they can use in whatever way they choose! 

In addition to being publicly recognized for their remarkable contributions to the movement, the 2021 Discount Foundation Legacy Award winner will receive a $20,000 stipend to provide them with the flexibility to expand upon their professional activities and achievements They will not be asked for any reporting requirements, and the funding has no specific strings attached or other specific obligations. The winner of the 2021 Discount Foundation Legacy Award will be invited to be honored at a virtual event in 2021. To learn more about the eligibility requirements and nomination process, please see our FAQs here — and please spread the word about this opportunity to your networks, colleagues and friends!

All nominations must be received by 11:59pm ET on March 11th, 2021 through the online nomination form. We’re happy to help answer questions about the award, or support with any trouble you have with the application — please reach out to emily@jwj.org.

Created in partnership with Jobs With Justice Education Fund and the Neighborhood Funders Group’s Funders for a Just Economy, the Discount Foundation Legacy Award was launched in 2015 to commemorate and carry on the legacy of the Foundation’s decades-long history of supporting leading edge organizing in the worker justice arena beyond its spend down as a foundation in 2014.
 



 

Convocatoria de nominaciones para el premio Discount Foundation Legacy 2021 

¡Ya están abiertas las nominaciones para el Premio Discount Foundation Legacy 2021!

 

El Premio Discount Legacy identifica, apoya y celebra anualmente a una persona que ha demostrado un liderazgo sobresaliente y ha contribuido significativamente a los movimientos por los derechos de los trabajadores en los Estados Unidos o en todo el mundo. A través del reconocimiento público y un estipendio de $20,000, esperamos reconocer y ampliar el trabajo de las personas en las intersecciones que lideran el camino hacia la justicia para los trabajadores de color con salarios bajos. Esta es una oportunidad única para reconocer las voces a menudo inauditas de los movimientos de trabajadores, que incluyen voluntarios, miembros, líderes en el lugar de trabajo y más que están transformando las vidas y los derechos de sus compañeros trabajadores de color con salarios bajos. 

 

Para ser elegible para el premio, un nominado debe ser activo en la justicia laboral, lo que incluye, pero no se limita, a la organización y el trabajo relacionado con la defensa. Además, los nominados no tienen que estar empleados en una organización o institución cuya misión sea promover la justicia laboral; pueden ser voluntarios, miembros u otros líderes en una organización o esfuerzo de organización en el lugar de trabajo.  No haremos preguntas sobre inmigración u otro estado legal, y los nominados no tienen que residir en los EE. UU.

 

Los nominados deben ser nominados por alguien que no sea ellos mismos, a través de un proceso de solicitud simple, rápido y accesible que se encuentra aquí. El premio está destinado únicamente a individuos. No se tomará en cuenta a las organizaciones, los grupos de personas o las instituciones. Si conoce a alguien que crea que debería ser reconocido por su importante compromiso con la justicia laboral en cualquier nivel, desde el lugar de trabajo hasta el vecindario y la nación, esta es su oportunidad de brindarle un impulso poderoso y recursos reales que puede usar de la manera que elija. 

 

Además del reconocimiento público por sus notables contribuciones al movimiento, el ganador del Premio Discount Foundation Legacy 2021 recibirá un estipendio de $20,000 para brindar la flexibilidad de expandir sus actividades y logros profesionales. No se le pedirá ningún requisito de presentación de informes y la financiación no tiene condiciones ni obligaciones específicas. Se invitará al ganador del Premio Discount Foundation Legacy 2021 a un homenaje en un evento virtual en 2021. Para obtener más información sobre los requisitos de elegibilidad y el proceso de nominación, consulte nuestras preguntas frecuentes aquí y haga correr la voz sobre esta oportunidad en sus redes y entre compañeros y amigos. 

 

Todas las nominaciones deben recibirse antes de las 11:59 p. m. ET del 11 de marzo de 2021 a través del formulario de nominación en línea. Nos complace ayudar a responder preguntas sobre el premio o brindar asistencia con cualquier problema que tenga con la solicitud, envíe un correo electrónico a emily@jwj.org.

 

Creado en asociación con Jobs With Justice Education Fund y los Funders for a Just Economy del Neighborhood Funders Group, el Premio Discount Foundation Legacy se lanzó en 2015 para celebrar y continuar el legado de décadas de historia de la Fundación de apoyar la organización de vanguardia en el campo de la justicia laboral más allá del exceso de gastos como fundación en 2014. 

 

 



 

2020 Awardee:

Andrea Dehlendorf

Co-Executive Director of United for Respect

Andrea DehlendorfAndrea Dehlendorf is Co-Executive Director of United for Respect, a national organization building power for people working in low wage jobs by centering their voices, experiences and solutions in the national movement fighting for the future of work, our economy and corporate regulation. With Andrea’s fierce leadership, United for Respect organizes people employed at the country’s largest employers to amplify their demands on corporate leaders in the service economy and policymakers to provide family-sustaining jobs. United for Respect leverages technology — social media and a new digital platform, WorkIt — to support people working in retail by bringing them into communities of support and action with one another. Through online peer networks and on-the-ground base-building strategies, United for Respect scaffolds the leadership and stories of working people to advocate for solutions to the pressing needs of the country’s massive low-wage workforce.

Andrea’s roots in the movement go deep, and include seminal experiences winning major victories with people working in the most unstable and precarious low wage service jobs, from janitors to hotel workers. Prior to United for Respect, Andrea worked on some the labor movements most innovating campaigns including Justice for Janitors, Airport Workers United and hotel worker organizing in Las Vegas. She lives in Oakland, CA with her twelve year old son.

Learn about United for Respect.


 

2019 Awardee:

Odessa Kelly

Co-Chair of Stand Up Nashville

Odessa KellyA native of Nashville, Odessa Kelly works diligently to bring positive and equitable change to the Nashville community by serving as co-chair for Stand Up Nashville, a coalition of community-based organizations and labor unions that represent the working people of Nashville who have seen our city transformed by development, but have not shared in the benefits of that growth. She also serves as Nashville Organized for Action and Hope (NOAH), Economic Equity & Jobs task force chair. Her work with NOAH has included building one of the largest and most powerful social justice movements in Nashville. She has advocated for the working class and underserved communities in Nashville, issues ranging from affordable housing to establishing the first ever Community Benefits Agreement (CBA) in the state of Tennessee. She believes that Nashville has the potential to achieve a progressive paradigm shift -- a cultural shift in how a traditional southern city becomes a leader in the progressive movement across the country.

Learn about Stand Up Nashville.


 

2018 Awardee:

Enrique Balcazar

Community Organizer and Leader at Migrant Justice

Enrique "Kike" Balcazar immigrated to the United States from Tabasco, Mexico when he was 17 years old. He joined his parents on a dairy farm in rural Vermont and worked for years on farms across the state. Enrique joined Migrant Justice and became a leader in the successful campaign to expand access to driver's licenses to undocumented immigrants in Vermont. He became part of the organization's Farmworker Coordinating Committee and is now an organizer and spokesperson. Enrique is one of the principal architects of Milk with Dignity, a worker-led program securing human rights and economic justice in dairy supply chains. In 2017, during a national campaign calling on Ben & Jerry's to join the program, Enrique and fellow organizer Zully Palacios were arrested by ICE agents while leaving the Migrant Justice office. A wave of protests won their release from detention, though Enrique remains in deportation proceedings. Despite the government's persecution, Enrique continued to lead the Milk with Dignity campaign to victory, signing a historic contract with Ben & Jerry's in October, 2017. 

Learn about Migrant Justice.


 

2017 Awardee:

Luna Ranjit

Co-founder of Adhikaar and the New York Healthy Nail Salons Coalition

Luna Ranjit’s work is rooted in the community. For more than a decade, Luna guided Adhikaar's programs, research, policy advocacy, and partnerships, building visibility and power for the emerging Nepali-speaking immigrant community. As a co-founder of the New York Healthy Nail Salons Coalition, she helped lead the way for the sweeping changes to improve working conditions in the nail salon industry. She also served on the advisory board of the National Healthy Nail and Beauty Salons Alliance. Luna has been quoted and featured in print and broadcast media on the issues related to workers’ rights, immigrant rights, language justice, and civic engagement. Her groundbreaking work has been recognized by many community organizations and elected officials. In 2016, she received the Grinnell College Innovator for Social Justice Prize created to support and inspire innovative social change makers throughout the world.

Learn more about Adhikaar.


 

2016 Awardee:

Alfred Marshall

Organizer with the New Orleans Workers' Center for Racial Justice

As an organizer in New Orleans, Alfred works to win back power for structurally unemployed and underemployed Black men and women through campaigns to achieve higher wages and better standards in his community. Through Alfred’s tremendous organizing campaigns, he has helped win local hiring on post-Katrina public construction and development projects, a “Ban the Box” rule, and a living wage and paid sick leave ordinance for individuals employed under city contracts. “By sitting down and talking with other workers at the New Orleans Worker Center, I realized that we’re in this together,” Alfred said. “New Orleans won’t stop. I won’t stop. This award is bigger than I am. It’s all about doing the work on the ground. We’re shaking this world up."

Learn more about the New Orleans Workers' Center for Racial Justice.

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December 17, 2020

Strike Watch 2020 Review: Defund the Police to Build Worker Power

By Manisha Vaze, Director, NFG Funders for a Just Economy

As we close this year, it’s probably safe to assume that you, like me, are emotionally and physically exhausted. The never-ending tragedy of this year’s global pandemic, the job loss, the deep inequality of the economic and health systems, and the new exposure for many Americans to systemic racial injustice, racial terror, and state violence overlayed our own personal losses and struggles. For me, while my partner and I were lucky enough to keep our jobs, it included family and friends who had COVID-19, a family member killed by the police, and much time away from our loved ones. I’m really ready for a winter break.

Prior to joining NFG, I organized alongside immigrant families facing deportation in New York City and with chronically un- and underemployed people in South Los Angeles. My political education is rooted in the organizing I was involved in as a student in the early 2000s, and movement responses to 9/11 shaped my experiences of centering Black and Indigenous communities in our fight against surveillance and violence against Arab, South Asian, and Muslim communities. We organized to address the continued consolidation of corporate power, surveillance technology and data control, as well as new austerity policies, unimaginable (at the time) job loss. We confronted radically accelerated separation of families, detention, and deportation of migrants by Immigration and Customs Enforcement (ICE) and hand-in-hand with police. I learned to listen to people, dream big, demand what we actually need (not just what is winnable), and build towards that interlocking vision of economic and social justice through strategic and incremental wins and constantly evolving tactics.

Today, as the new US federal administration begins to take shape, some may be content with a collective sigh of relief. However, the organizer in me is asking you to stay vigilant and move resources to where movements are directing us: to organizing, power building, and movements calling to defund the police as a pathway to community and worker justice. We have an enormous opportunity in philanthropy to truly support, through solidarity and resources, the visionary movements that are building power for systemic change. Movement organizers have made significant gains in 2020. The cultural shifts we’ve experienced as a result have unprecedented numbers of people calling for abolition of the police and ICE, supporting unions in new industries, and shifting and expanding public budgets. Organizations have built and formed stronger coalitions, multi-racial, multi-gender, and multi-sectoral movements. And, importantly for our sector, the highly-visible organizing power of community members and workers has moved foundations to understand how philanthropy has supported extreme wealth accumulation and is entrenched in the perpetuation of racial capitalism and heteropatriarchy. Collectively, this has resulted in foundations increasing their investment in organizing and advocacy efforts toward economic and racial justice.

 

To some vocal pundits and media, defunding the police sounds like a new concept born out of the George Floyd uprisings, but it is a decades-old call to action, voiced by Black feminist leaders and those most impacted by police violence. Visionary movements that have been calling for defunding the police see how this strategy releases revenue that can be invested into infrastructure, social protections, housing, worker protections, and other community needs. Upending the power of police unions, not just “reforming” them, will allow more opportunities for strategic campaigns that realign public budgets and real community safety to meet the community’s needs and the goals of philanthropy’s investments in economic justice and equity.

Furthermore, defunding the police, ICE and violent surveillance forces offers an opportunity to align with workers expanding the labor movement. Police unions have since their inception had contentious relationships to workers calling for better working conditions, safety nets, and social protections. The expansion of policing in the late 19th century was precisely to bust labor organizing during work stoppages and strikes. In the last decades, we have seen countless examples of employers using immigration (now ICE) raids to threaten workers who attempt to organize. The labor movement has long recognized the antagonistic role police played on the picket line, and chose not to build with their unions. And the reality is that while some police unions are part of these institutional labor structures, most police associations are not – maintaining a business association 501(c)(6) status instead of a tradition labor union status or 501(c)(5).

If we’re serious about worker power and contesting for governing power in the US it’s important to recognize how the police and carceral systems hamstring the movement’s ability to make strategic and progressive policy gains. Their outsized power influences public budgets, dictates narratives about community safety, and render them immune to scrutiny and accountability. All of this leaves community members and workers who organize to increase funding for public schools, transportation, job quality, healthcare and other needs, fighting for scraps. The good news is, the decision to prioritize criminalization over community care and economic development is a relatively new one, borne of decades interlocking efforts to shift public narrative, policy and power. This orientation is by no means inevitable, and can be countered by a concerted, long-term power-building effort that includes partnership from philanthropy.

At NFG’s Funders for a Just Economy, I am privileged to work with funders who inspire me to think differently about philanthropic work and grant making, and have led efforts in our network to understand power, how to shift it to transform communities, and learn how racial capitalism undergirds our economic system and impacts our work in philanthropy. Most recently, FJE interviewed Jidan Terry-Koon, FJE Coordinating Committee member and Director of People pathways at the San Francisco Foundation who shared that if funders truly centered the most marginalized, especially Black and Indigenous workers in their economic justice grantmaking, they would understand the connection between building the power of all workers and shifting funds away from the police and carceral systems. FJE members have also formed deeper partnerships with Funders for Justice (FFJ), now an independent organization, to support movements to divest from the police and the carceral system and invest in community safety, housing, and other public investments.

We need to open ourselves up to a longer arc of change. The leadership of worker movements and coalitions inspires me to envision where we could be in the next twenty years. Learning from FJE’s programming, I know we can move more money for justice. Movement leaders have called for these changes in philanthropy before, and I’m recommending them again. Philanthropy must mobilize to:

  • Make multi-year, general support investments and grants in base building and organizing.
  • Collaborate with other funders to ensure that we’re building community power and supporting local and regional ecosystems.
  • Influence funders to deeply fund organizing efforts that build community and worker power, and especially worker organizations that build power to make impact (in addition to and) beyond their workplaces to support the common good.
  • Fund groups that are building a new transformative economy through alternative wealth building including cooperative models and other small business development.
  • Advocate to increase your yearly grantmaking, and your institutions assets, resources, and influence to support power building and organizing.
  • Learn about your institution’s finances and make adjustments to divest from the criminal and carceral systems and invest in non-extractive industries.
  • Utilize your relationships with allies in organized labor to fund collaborative efforts that build power locally and shift state and federal policy.
  • Continue your own education and build consciousness amongst your colleagues about the history of the mass accumulation of  wealth in philanthropy rom centuries of corporations extracting wealth from enslaved people, people who are incarcerated, workers who are not paid living wages and without any job security or social protections, and a rigged tax system benefiting the wealthy.

We must support the movement’s call to defund the police and abolishing ICE as a pathway to building worker power. This year showed us that, if forced to, funders can move money quickly – let’s not wait until we’re forced to again. As funders of the worker justice movement, we can no longer stay out of this fight. As I count the days until the end of the year, I will be taking time to rest, heal, and get ready. We have much more work to do.

To learn more about how philanthropy can move resources to movement groups calling to defund the police and reimagine community safety, make sure to read and share Funders for Justice’s Divest/Invest online toolkit for funders. To continue to support and build community and worker power and racial, gender, economic and climate justice, stay connected to Rob and me to help advance NFG’s Funders for a Just Economy program.

Photos by Manisha Vaze from Black Lives Matter/Defund the Police protests in Los Angeles, California in Summer 2020.