For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. 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.. Fundamentals of Family Philanthropy Webinar Series. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Get the Robb Report newsletter for similar stories delivered straight to your inbox. The Salesforce founder has a major philanthropic profile in the Bay Area, where he has emerged as an advocate for anti-homelessness efforts. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Kataly seeks to boost community ownership and governance in alliance with social movements. As with all of Katalys program areas, restorative economics centers racial justice, supporting grantees focused on the financial empowerment of BIPOC communities. Arcus also funds conservation work in Africa and Asia. Prior to his career in finance, Mindich was a journalist. All of the individualslisted here have a history of supporting progressive organizations. 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. 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. Business Insider previously reported that Hanauer is a longtime critic of America's income inequality. 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. Shes also the donor behind the Art for Justice Fund. I wanted to build on the legacy I was given. Working with her mother, she founded All Star Code and remains actively involved in students lives, exchanging direct messages and encouraging them to polish their LinkedIn pages. The environmental justice grants also include several efforts specifically oriented toward COVID-19 relief, to which the foundation has dedicated over $7 million in rapid response funding. 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. Illinois Gov. McIntosh has headed the environment-focused McIntosh Foundation since her husband Michael passed away in 2015. Among the beneficiaries is A New Way of Life, an organization providing housing and support for formerly incarcerated women. He now serves as the Chairman of The Stride Rite Charitable 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. He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. 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.. It is. Facebooks failings have tarnished Zuckerbergs reputation for many. She served as the United States Secretary of Commerce for a term. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. 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. The foundations grantmaking interests encompass racial justice, womens rights, environmental justice and drug reform policy. Bohnetts career as an early internet entrepreneur (remember GeoCities?) 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. In 2015, Forbes estimated that the Gund family had a net worth of $3.4 billion and ranked them among the 100 wealthiest families in America. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. 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. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. that Hanauer is a longtime critic of America's income inequality. Those include funding environmental initiatives and solving America's climate crisis; fueling economic growth; and providing funding for public health care. 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. 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. The goal is to spend down (or spend out, as Pritzker prefers to say) within roughly 10 years or so. There is some overlap between Katalys environmental justice and restorative economies grantees. We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . Kataly is an up-and-coming progressive grantmaker founded by Regan Pritzker, whose parents Nicholas and Susan Pritzker give through the movement-oriented Libra Foundation. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Rather than focus primarily on federal or state policy advocacy, Kataly has taken the road less traveled in progressive philanthropy, supporting local practitioners of community ownership and governance of resources. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. Alongside his sister Susan, Sandler continues to bankroll progressive organizations. Covid has spotlighted the reality of economic and racial inequality, and were facing climate change in new ways, says Jennifer. Racial, economic and environmental justice are key early priorities for Kataly. 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. Founded by her parents in 1987, the foundation primarily supports criminal-justice reform, education, gender and reproductive equity, Jewish causes and Israel, efforts to strengthen voting rights, and charities in the family's hometown of Tulsa, Okla. Schusterman is a businesswoman who spent a decade . That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. 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. That story has always been with me.. 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. We were highly aware of all the money stuck in DAFs. 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. Our intention is to be a partner that supports these solutions, leading to lasting regeneration that transforms us all. pists are revamping their protocols. It felt very self-congratulatory, instead of focusing on community and the true root of Jewish philanthropy, which is to be more anonymous in your giving, says Pritzker, who distanced herself by moving to California and working as an elementary schoolteacher. 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. They give through the Open Philanthropy Project, an amalgamation of the couples foundation Good Ventures and GiveWell. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts. Theysupport a diverse array of organizations on the left. 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. In isolation, a cooperative enterprise or community-governed loan fund can only do so much. J.B. Pritzker, they wrote an . 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. Douglas Goldman is a grandson of early Levi Strauss Company president Walter Haas. 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. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family . To offset obstacles imposed by structural racism, Kataly provides non-extractive loans, permitting financial loss in return for greater social impact. regan pritzker parents. The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (staying in the top 10 of Forbes magazine's "America's Richest Families" list since the magazine began such listings in 1982). Beneficiaries include environmental policy organizations. The third of Katalys primary program areas is Mindfulness and Healing Justice, where Pritzkers husband Chris Olin has focused his efforts. 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. 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. Join our community! Pritzkers own concerns about how wealth operates led her to take center stage as the Libra Foundation undertook a process to align its investments with its mission six years ago. 3. 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. The CEO of Universal Remote Control, Inc., Park gives through the eponymous Chang K. Park Foundation. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. Described by the Washington Post as "18 ultrarich liberals," including Regan Pritzker and Liesel Pritzker Simmons, Hyatt hotel heirs and relatives of Illinois Gov. In 2002, Forbes reports, she sued her father and the Pritzker family and came away from it with a $500 million payout. 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. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. Subscribe to our newsletter! 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. We know that what is politically feasible is not what is ultimately necessary.. About UsContact UsConsultants DirectoryFAQ & HelpTerms of UsePrivacy Policy, Individual Subscriptions Multi-User Subscriptions , At the Kataly Foundation, a Pritzker Heir Pursues the Democratization of Wealth, joined the Libra Foundation last year to set up the Democracy Frontlines Fund, It's Time for Philanthropy to Be as Bold as Leaders on the Front Lines of Social Change, What It Looks Like When a Multigenerational Family Foundation Makes All Voices Equal, For Real Climate Justice, Philanthropy Must Support the Front Lines, Fund Early and Fund Big, Backed By Diverse Funders, Liberation Ventures Is Pushing for Reparations and a "Culture of Repair", For This Funder Collaborative, the Road Back to Abortion Access Leads Through the States, Frontline 360 Is Helping Grassroots Groups Land Federal Dollars and Building a Movement, Funded to Win. These 11 Funders and Counting Are Stepping Up for Black Feminist Movements, How Both ENDS Director Danielle Hirsch Is Using Philanthropy, Advocacy and More to Shift Power, This Small Family Foundation Had the Labor Movements Back Before It Was Cool. Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. It feels a little different than having a very top-down mandate with a mission thats then carried out by people slotted into very particular roles, Pritzker said. Lewis is fostering those high standards through All Star Code, which she founded in 2013. 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. When you look at the crises in aggregate, what were seeing is an inability to recover. Filing Date: November 19, 2013. 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.. prestel publishing submissions. A Democratic mega-donor, Stryker moves her philanthropy through the Bohemian Foundation, a Colorado-based regional grantmaker that also backs left-leaning national think tanks. to become the online organizer for Barack Obama's first presidential campaign. Rather than doubling Libras size with her own individual resources, she contemplated a distinct project, although perhaps not at Katalys eventual scale. The family, whose fortune was built on the Hyatt hotel chain, includes the governor, former Obama administration Secretary of Commerce Penny Pritzker and philanthropist Jennifer Pritzker, who was born a male and served in the Illinois National Guard. At home, interests include progressive media, the environment and judicial reform. 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. She told me: Be generous during your lifetime, rather than creating an endowment, says Gund, who is matter-of-fact and humble, despite her outsize role supporting dozens of organizations, including the ACLU; the Barnes Foundation, where she is a trustee emerita; the Cleveland Museum of Art, on whose board she currently sits; the Museum of Modern Art, where she is president emerita and life trustee; and the Studio Museum in Harlem. Family photo The sadness still shows in J.B. Pritzker's eyes when he talks about his mother Sue the woman the governor credits with instilling his early interest in abortion rights and progressive activism. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. . Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. Beginning in 2019, she began quietly giving to a variety of progressive causes and signed the Giving Pledge the following year. A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. Among the beneficiaries is, 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. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. 03 Aug 2022 Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. states. The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. Gund also continues to personally donate to nonprofits that she loves and adores in the field, such as Puppies Behind Bars, which trains prison inmates to raise service dogs for wounded war veterans and first responders. The couple plan to continue #HalfMyDAF, but while its helpful, the Rishers believe its not enough. And that money is substantial. 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. Blanks former husband, Arthur Blank, co-founded Home Depot. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Gosh, theyve been quite busy transing kids and making money. Susie Tompkins Buell founded The North Face along with her first husband Doug Tompkins. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. Hiatt, 90, is the former president of shoe company Stride Rite, according to Bloomberg. 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. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. A granddaughter of oil baron H.L. AES Corporation founder Roger Sant gives to support urban sustainability and women and girls rights through the Summit Foundation. 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. 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. Warren Buffetts daughter Susan Buffett founded the Omaha-based Sherwood Foundation, another entry in the Buffett familys collection of left-leaning philanthropies. 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. They fund environmental justice work through the Northlight Foundation, particularly in Alaska.
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