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. Since then, writes Bilek, the governors cousin has used the foundation to fund institutions that support radical gender ideology, including the Human Rights Campaign Foundation, the Williams Institute UCLA School of Law, the National Center for Transgender Equality, the Transgender Legal Defense and Education Fund, the American Civil Liberties Union, the Palm Military Center, and the World Professional Association of Transgender Health. Browse the listings for your next project. They first backed him when he was a restaurateur and. He also funds Jewish causes through the Ricky and Andrew J. Shechtel Philanthropic Fund. Liesel Pritzker Simmons, who sued her father and the. But their financial machinations did not stay private for long. But when they eagerly asked if they are part of All Star Code and Giving Gap, her response reflected another value she inherited from her parents and hopes to pass along: hard work and fierce independence. Daughter of billionaire liberal donor James Simons, Cappell is behind the Foundation for a Just Society. from the University of Chicago. She is also turning her attention to climate change, citing artist. Indeed, encouraging new and existing donors to give in more democratic ways is a core goal at Kataly, which is meant to be philanthropy-facing. Where donor organizing is concerned, Pritzker said, our big frustration is that wealth accumulation is metastatic, and its getting worse under COVID. Meanwhile, she went on, were still seeing laziness around an analysis of where resources should go, and defaulting back to the big, white-led organizations that have not managed to get us out of the problems were in because theyre not willing to confront the most provocative question, which is how does our economy serve our future?. Eldridge, 32, is a political activist and former congressional candidate in New York, according to Vanity Fair. Annual IP membership required. 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. Learn More Team Staff Strategic Advisors Hes also a donor organizer who helped found what is now the Threshold Foundation. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. David, after leaving Microsoft and later Amazon, founded Worldreader, an organization that has distributed over 67 million digital books to more than 18 million children and young adults since its founding in 2010. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. 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. Time to catch up on the Pritzker family both in Chicago, Illinois, and across the world. Rosenstein, 36, is the cofounder of workplace collaboration software Asana. Big funders are moving more money, theyre moving it at scale, and theyre moving it to Black-led and Indigenous-led groups., For Pritzker, who spent years struggling with a sense of guilt, Kataly has provided a clarity of purpose. The goal was just to get the money moving.. In terms of process and ideology, Libras grantmaking is already pretty progressive. Pritzker's family is one of the richest in America, according to Forbes, building their fortune from the Hyatt hotel chain. . Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. Keep up with trends in family philanthropy. 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. on a black and white TV in my . Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. For the Kataly Foundation, the practice of restorative economics involves transforming the financial status quo by investing in strategies that uplift sustainable community ownership and governance of resources. 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 1977, when the citys dire financial situation led to art classes being slashed at public schools, Gund rallied her art-world friends to help create Studio in a School, bringing instruction and working artists directly into classrooms. "My mom's not a fancy, formal. NCFP is here to help you on every step of your philanthropic journey. Regan lives in San Francisco where her greatest joys are spending time with her family, cooking for friends, and hiking and swimming around the Bay. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. 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. Private individuals with wealth shouldnt be the ones determining where community resources should go.. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. The former Google CEO has long pursued philanthropic interests that werent particularly progressive, with the exception of some environmental grants. Keep up with trends in family philanthropy. Arcus also funds conservation work in Africa and Asia. The Chorus Foundation founder has harnessed an inherited fortune to back bottom-up progressive power-building with an emphasis on environmental justice and structural change. Part of her goal, she says, is to say to philanthropists like me, people with money and race privilege: We need to be willing to critique the system that we have benefitted from in order to move forward. . a retired lieutenant colonel in the Illinois Army National Guard and the parent of three . states. Nwamaka Agbo and Regan Pritzker. That ethos contributed to Katalys decision to spend out rather than set itself up for perpetuity. These innovations come as charitable giving in the US is rising, with American individuals, bequests, corporations and foundations contributing $471.44 billion in 2020, up nearly 4 percent from 2019 when adjusted for inflation, according to statistics from the Giving USA Foundation. She is wonderfully impatient. J.B. Pritzker became governor of Illinois in 2019; his sister Penny Pritzker was Secretary of Commerce in the Obama Administration. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. On Tuesday, EPA Administrator Michael S. Regan announced that President Biden will appoint Shore, who has been a leading voice for water quality and management, to become EPA's regional administrator for Region 5, which covers six states, including Illinois, and 35 tribes. 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. Buffett isn't a hands-on philanthropist, but his kids are, and the interesting story here is what that next generation is doing with the billions that Buffett isn't turning over to the Gates Foundation. Lewiss own family story straddles the opportunity divide: Her father, Reginald Lewis, was raised by his mother and grand- parents. 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. Beginning in 2019, she began quietly giving to a variety of progressive causes and signed the Giving Pledge the following year. 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. The former New York City mayors stalled presidential ambitions showed that money can only go so far; nevertheless, he remains a pivotal funder of left-leaning endeavors like reducing gun violence and shuttering fossil fuel plants. 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. 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. She is energized by the momentum that is building to shift private investment and philanthropy towards a frame of economic justice, reparations, and transformation. Like this article? Our intention is to be a partner that supports these solutions, leading to lasting regeneration that transforms us all. Warren Buffetts daughter Susan Buffett founded the Omaha-based Sherwood Foundation, another entry in the Buffett familys collection of left-leaning philanthropies. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. Register now: https://bit.ly/3vBtr1c . Facebooks failings have tarnished Zuckerbergs reputation for many. Theysupport a diverse array of organizations on the left. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. Its fortune arose in the 20th centuryparticularly through the founding and expansion of the Hyatt hotel . Crucially, Agbo notes, Katalys program directors come out of direct lived and movement-building experience, which helps them build trust. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family in America at the time. Prior to his career in finance, Mindich was a journalist. Shes also the donor behind the Art for Justice Fund. that Hanauer is a longtime critic of America's income inequality. In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. 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. Contact NCFP for support! 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, Getty Images / Jared Siskin / Contributor, National Medal of the Arts in 1997 from President Bill Clinton for her work, which included serving as the. Sir Fazle Hasan Abed In 2016, Forbes put Hughes' net worth at $430 million. Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. to become the online organizer for Barack Obama's first presidential campaign. It seems so obvious to me that philanthropy should be funding projects like that, but many foundations have restrictions on capital projectsthey wont fund a building campaign or an ownership campaign, Pritzker says. One example is Seed Commons, the recipient of a $1.3 million grant and a $2 million investment. Katalys may end up proving even more so. Over the past several years, however, Pritzker has come into more of her own inheritance, measured in the hundreds of millions. 3. 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. Ryan is an investor and businessman who gives through the Schooner Foundation. The third of Katalys primary program areas is Mindfulness and Healing Justice, where Pritzkers husband Chris Olin has focused his efforts. A group of 19 ultra-wealthy Americans signed an open letter to 2020 presidential candidates asking them to support a wealth tax, a copy of the letter published byThe New York Times on June 24 shows. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. eputy chair of the Open Society Foundations, a nonprofit founded by his father. Both Tompkins Buell and current husband Mark Buell are prominent Democratic donors, and she maintains a close relationship with the Clintons. Heres a look at how this new activist foundation came to be and where its going. But the pandemic made them rethink their approach to giving. (The couple were no strangers to tragedy: Their 24-year-old daughter had. Theres this whole wait for a rainy day mentality, she says. Katalys name is a window into its philosophy. She is married to author and progressive thought leader Steve Phillips. She is also turning her attention to climate change, citing artist Maya Lins installation Ghost Forest in Madison Square Park as inspiration. Apply to join the directory. At home, interests include progressive media, the environment and judicial reform. 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. Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. Accessing these resources requires a subscription to Inside Philanthropy. Were here to equip you with the tools you need to make a meaningful impact. The British investor and asset manager funds environmental advocacy groupsmost of them big-namethrough his Grantham Foundation for the Protection of the Environment. In isolation, a cooperative enterprise or community-governed loan fund can only do so much. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. Philanthropists are starting to reflect on how we might provide guardrails to be more resilient and hopefully to prevent additional crisesto the extent possiblefrom happening.. I would love to see Kataly set a tone that its OK and necessary for philanthropy to resource at a big scale these projects that are holding the vision of a transformed society that is regenerative and sustainable, she said. Barbara Picower founded the JPB Foundation with a fortune her late husband acquired, partially as the largest beneficiary of the Madoff investment scandal. AES Corporation founder Roger Sant gives to support urban sustainability and women and girls rights through the Summit Foundation. Covid has spotlighted the reality of economic and racial inequality, and were facing climate change in new ways, says Jennifer. The team does see connections between this component of Katalys work and its systems change grantmaking. . For Regan Pritzker, a member of one of America's wealthiest families and co-founder of the Kataly Foundation, coming to grips with those questions has been a lifelong project. Nevertheless, there is still plenty of room for experimentation and iteration in how Kataly envisions philanthropy, both in terms of how it operates, as well as its place in the broader progressive funding context. 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, Lewis is fostering those high standards through, 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. I grew up knowing about my father and his mother and others being Black in segregated Baltimore and having to work all their lives for white people who thought they were inferior, cleaning houses for a buck and change, she says. Photo: STILLFX/shutterstock. Among the beneficiaries is A New Way of Life, an organization providing housing and support for formerly incarcerated women. Disney criticized the 2017 Republican tax bill in a NowThis video, saying the bill unfairly benefited the wealthy. Not one to rest, Gund has visited prison and detention centers and is now actively involved in helping female inmates who have suffered severe abuse at New Yorks Rikers Island jail. We believe its necessary to have projects like Libra and projects like Kataly, Agbo said, in the spirit of understanding how all our foundations are part of an ecosystem. She added, We need to break the habit that philanthropy can have, that there can be only one right way.. Gund, 54, is an Emmy award-winning film director and producer. Hughes, 35, is a cofounder of Facebook. All Star Code has broken this ground with tech and media companies, Lewis says, and has inspired AT&T, JPMorgan Chase, Goldman Sachs and other major corporations to contribute by serving as sites for the courses and helping with college-search and job-placement efforts. Meyer utilized an inherited fortune in UPS stock to found what is now the Southern Partners Fund, which supports grassroots organizing in the Southeast. 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. Through the Hull Family Foundation, he supports causes like reproductive rights and drug policy reform.
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