An early tech winner with Quark, Gill went on to become one of the top LBGTQ philanthropists of recent times and is still going strong with the Gill Foundation. His parents are Sue and Donald Pritzker. 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. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Were at a point of inflection for philanthropy. 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. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. 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. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. The daughter of late left-leaning philanthropists Herb and Marion Sandler, Susan Sandler has followed in their footsteps while also charting a course that more heavily favors racial justice movement building. 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. The Libra Foundation is committed to a vision of society that uplifts and empowers all people. A month after covid hit San Francisco, Jennifer and David Risher found themselves ensconced in their Napa Valley home, discussing how they could step up during the crisis. 3. 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. We know that what is politically feasible is not what is ultimately necessary.. Katalys may end up proving even more so. She served as the United States Secretary of Commerce for a term. As for her own legacy, Lewis is mindful of teaching her three young children the importance of collaboration and helping others, often bringing them to events. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. Regan has a background in education and began working in philanthropy when she took a larger role at her familys foundation, The Libra Foundation, in 2015, and where she is now board co-president and chair of the investment committee. Browse the listings for your next project. Marilyn and Jeffrey Katzenberg Foundation 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. Dorseys role at the helm of Twitter earns him frequent mention in the news. The CEO of Universal Remote Control, Inc., Park gives through the eponymous Chang K. Park Foundation. 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. . 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. That story has always been with me.. from the University of Chicago. states. 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. (Vince Talotta/Toronto Star via Getty Images). Baumans father created the Bauman Foundation, a D.C.-based progressive funding outfit where she has served as President since 1987. 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. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. Read more: Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it. Regan Pritzker remembers the days when her mother, Susan, would be working on invitation lists and the invitations to charity events had to look a certain way. Like her father Blair Hull, Megan Hull is a Democratic donor who also helps lead the Hull Family Foundation in its progressive grantmaking. Subscribe to our newsletter! Jennifer worked for Microsoft early in her career, as did David, and has long shared her largesse with organizations such as Planned Parenthood, the United Way and NPR. CHICAGO (AP) Illinois' governor signed legislation Friday to repeal a requirement that parents or guardians be notified when a minor is seeking an abortion, calling it an effort to safeguard. Advocacy money flows through NextGen America (formerly NextGen Climate). Fundamentals of Family Philanthropy Webinar Series. 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. REGAN PRITZKER Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. . 3 Nicholas Pritzker is also the co-founder of Tao Capital, whose early investments included Uber, Tesla, and SpaceX. These Democratic donors give through the Growald Family Fund, which uses a venture philanthropy approach to support new groups working across the world on climate and sustainable energy. After seeing Ava DuVernays documentary 13th, which draws a direct line from slavery to mass incarceration, Gund began reading about the issue and seeking out Bryan Stevenson, Michelle Alexander and other experts. Omidyar is a major media funder and has recently begun backing worker power. Contact NCFP for support! Katalys may end up proving even more so. 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. As with all of Katalys program areas, restorative economics centers racial justice, supporting grantees focused on the financial empowerment of BIPOC communities. Liesel Pritzker Simmons, who sued her father and the. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. 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. Gund founded non-profit production studio Aubin Pictures in 1996, according to her biography on the studio's website. Pritzker's family is one of the richest in America, according to Forbes, building their fortune from the Hyatt hotel chain. . Wong says institutional philanthropy has not only failed to offset skyrocketing wealth inequality, but has actually helped to perpetuate iteither by funding policy advocacy that benefits extractive practices, or simply by failing to properly resource organizations and movements proposing bold alternatives. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. Join our community! Through the Hull Family Foundation, he supports causes like reproductive rights and drug policy reform. Kataly's emerging mission centers on promoting social justice and racial equity in communities most impacted by injustice. Kataly was created at the end of 2018 with $445 million in assets, a sum that Pritzker indicated represents only a part of her wealth. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. 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. In 2016, Forbes put Hughes' net worth at $430 million. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. An investor, Albright gives through the ARIA Foundation. Grantees like the Boston Ujima Project, Higher Purpose Co. and the East Bay Permanent Real Estate Cooperative are a few examples of other organizations taking a similar approach. But the pandemic made them rethink their approach to giving. AES Corporation founder Roger Sant gives to support urban sustainability and women and girls rights through the Summit Foundation. The son of Renaissance Technologies co-founder James Simons, Nat Simons moves money through the Sea Change Foundation. Progressive benefactors are also adding an urgency to their spending, eschewing foundations that operate in perpetuity and creating models to spend their entire endowment in as little as 10 years. 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. Over the past several years, however, Pritzker has come into more of her own inheritance, measured in the hundreds of millions. 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. Kataly seeks to boost community ownership and governance in alliance with social movements. Business Insider's Rich Feloni previously reported that Hanauer has said he's not a billionaire, but that, as both he and his wife have signed The Giving Pledge, their combined net worth at least approaches the $1 billion threshold. 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. She went on to share that the magnitude of her personal wealth inheritance did not feel right and that Kataly is a way to move that wealth back into the public domain.. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. The 59-year-old heiress has criticized the salary of Disney CEO Bob Iger and defended Meryl Streep after she called Walt Disney a "bigot", according to CNN Business. When we look at the past 18 months, there is a growing awareness that existing approaches to social impact are not enough, says Nicholas A. Tedesco, president and CEO of the National Center for Family Philanthropy. He now serves as the Chairman of The Stride Rite Charitable Foundation. 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. Harnessing art as a force for good remains central to her approach. But their financial machinations did not stay private for long. This allows me to make immediate impact and pivot more quickly if needed, she says. While Jenifer Pritzker doles out money, J.B. Pritzker is changing policy in Illinois to support the familys agenda, Bilek writes. He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term "gender-affirming care" while offering medical procedures for young females who want to have their reproductive organs removed. Part of our work is to support our own just transition, Pritzker said. Keep up with trends in family philanthropy. Many of these donors don't clearly position themselves as left of center, while others are more explicit in their commitments. McIntosh helped found Rachels Network. She is chair of the investment committee of her family's foundation, the Libra Foundation, as well as a member of Edge Funders Alliance, and is a leading philanthropist in the Just Transition movement, taking leadership in moving progressive investors to rethink their ethical framework for private investment. He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. Disney is a grandniece of Walt Disney, and works as a social activist and documentary filmmaker. In terms of process and ideology, Libras grantmaking is already pretty progressive. Regan Deering, a plaintiff named in the suit against Governor Pritzker's mask mandate in schools released the following statement: Article continues after sponsor message Earharts fortune stems from the oil wealth of J. Paul Getty. The founding of the Kataly Foundation in 2018 was a manifestation of her effort to move along that continuum of alignment. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. The founder of eBay has a longstanding focus on global issues, such as health, education, and economic development, but also supports property rights, government transparency, and technology. As a child, she starred in several big-name Hollywood productions, including "A Little Princess" and "Air Force One," alongside Harrison Ford. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. By subscribing, I agree to the Terms of Use and Privacy Policy. Kids With Autism Have a Message for Transit Riders. Through the Panta Rhea Foundation, this investor has supported numerous liberal and progressive causes along with his wife Lisl. In that sense, one of the most interesting dynamics at Kataly is its status as a democracy fundernot in the typical sense, but in terms of its decision to center grantees proposing radical democratization of the economy. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. But as part of a nationally energized movement, it can become a mechanism for broader change. 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. They've set their sights on a variety of causes, most notably the environment. She also helps lead the Sapelo Foundation, also founded by the Reynolds family. Want to get inside funders' heads? Among those patrons are the Gettys, the Pritzkers and the Fishers, whose families made their respective fortunes in oil, hotels and fashion. Rather than doubling Libras size with her own individual resources, she contemplated a distinct project, although perhaps not at Katalys eventual scale. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term gender-affirming care while offering medical procedures for young females who want to have their reproductive organs removed. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. With her siblings, Pritzker served somewhat halfheartedly on the Libra Foundation, a social-justice family foundation started by her parents, but became more enthusiastic when she confronted her qualms. 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. Illinois Gov. One example is Seed Commons, the recipient of a $1.3 million grant and a $2 million investment. JB has an impressive education The Pritzkers spared no expense when it came to the education of their children. Lewis is fostering those high standards through All Star Code, which she founded in 2013. 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. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). Bottom-up movement grantmaking is integral to Katalys programmatic approach, and it was also the primary lens for a round of rapid-response grantmaking undertaken in 2020 to bolster the emergent movement energy that followed George Floyds murder at the hands of police. A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. 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?. Taylor is one of three liberal billionaires who founded the Wellspring Philanthropic Fund, a key funder of voter engagement initiatives, progressive think tanks and movement organizations. Keep up with trends in family philanthropy. Accessing these resources requires a subscription to Inside Philanthropy. Director and producer J.J. Abrams and his wife Katie McGrath have an active foundation that has given for education, policy, human services and the arts. She is the wife of fellow signee Robert S. Bowditch. When we look at the past 18 months, there is a growing awareness that existing approaches to social impact are not enough, says Nicholas A. Tedesco, president and CEO of the, Following the examples of donors like MacKenzie Scott, who has given away more than $8 billion in short order with a no strings attached approach, philanthro. 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. Its really a collection of activists who have found a home together for a period of time to make the change in the world were all trying to accomplish.. from the University of Chicago. 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. And that money is substantial. Agnes is an extraordinary philanthropist. 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.. Following the examples of donors like MacKenzie Scott, who has given away more than $8 billion in short order with a no strings attached approach, philanthropists are revamping their protocols. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. 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. Prior to his career in finance, Mindich was a journalist. The language around systemic racism has been really empowering, she says. 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. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. J.B. Pritzker, they wrote an . Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Newsweekreports. 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. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. At Kataly, she said, Were still developing what it looks like to have enough liquidity in the endowment investing so we can move grants at the scale we want to move them, while trying to minimize the conflict in our investing. In that context, the rough 10-year timeframe for spending down is a way for the team to stay disciplined about moving money. Private individuals with wealth shouldnt be the ones determining where community resources should go.. In addition to green mainstays like the NDRC and Greenpeace, the foundation backs progressive advocacy groups like the Alliance for Justice. She isthe daughter of philanthropist Agnes Gund. , building their fortune from the Hyatt hotel chain. "My mom's not a fancy, formal. Stein is the current President of the Moriah Fund, having succeeded his mother and Fund co-founder Mary Ann Stein. 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. Blue Tent members can receive a25%discounton this subscription by using the codeBLUETENT. Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. 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. Hughes, 35, is a cofounder of Facebook. Subscribe to our newsletter! Agbo noted that theres a link to be made between those questions and the democratic process itself. Get the Robb Report newsletter for similar stories delivered straight to your inbox. 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. He was an early investor in Amazon, according to his personal website. Stacy Schusterman, Regan Pritzker, . 1 Letterman Drive Suite C4-420. It is. Racial, economic and environmental justice are key early priorities for Kataly. He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as Give Blck, a platform connecting donors to over 700 Black-founded nonprofits. Scott has now fully emerged as one of the nonprofit lefts most deep-pocketed allies. Rather than the returns coming back into Kataly, returns are distributed and moved out into the community.. I dont have to do that anymore.. This early tech entrepreneur gives in a variety of areas, including progressive policy, education, libraries, and arts. To Pritzker, Kataly is a logical extension of the grant-making approach of the Libra Foundation, a grant maker she and her family started in 2002. Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. 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. Gov. The third of Katalys primary program areas is Mindfulness and Healing Justice, where Pritzkers husband Chris Olin has focused his efforts. 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. 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 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. In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. Theres this whole wait for a rainy day mentality, she says. 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. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. 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. She is energized by the momentum that is building to shift private investment and philanthropy towards a frame of economic justice, reparations, and transformation. Hes also on the board of the Walton Family Foundation. For additional perspective on how the Kataly team sees donor organizing from the perspective of a philanthropy professional, check out this reflection by Jocelyn Wong, director of capacity building and analyst with the Restorative Economies Fund at Kataly. Keep up with trends in family philanthropy. And so they have: In May 2020, the couple joined with GivingTuesday to launch #HalfMyDAF, offering $1 million in matching grants to donors who pledged to spend half of their DAF accounts by the following September 30. This is the moment. He attended Reed College, Lake Forest College and the London School of Film. 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. . It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. 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. We need policy changes, Jennifer says. 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. 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. Covid has spotlighted the reality of economic and racial inequality, and were facing climate change in new ways, says Jennifer. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts.
Police Lieutenant Abbreviation,
Pooh Shiesty Shooting,
Articles R
