Over the next 20 years in the U.S., $35–70 trillion in wealth will transfer from one generation to another in the largest generational wealth transfer in history, mostly moving within wealthy white families. The policies that make possible this protection and accumulation of wealth are situated within the legacy of land theft, genocide of Native people, enslavement of Black people, and exploitation of natural resources. This context of racial capitalism has also given rise to wealth accumulation that, in part, birthed the philanthropic sector. Paradoxically, many of us working within philanthropy aim to contribute to changes in systems, structures, and outcomes that address the harms of interconnected systems like racial capitalism that favor some at the expense of others and the planet.
Philanthropy California has invited Kathleen Kelly Janus, Senior Advisor on Social Innovation to Governor Gavin Newsom, to use our platform to provide an update from the Office of the Governor on California's public-private partnerships.
Last month, Philanthropy California virtually convened over 600 funders from across California for a day dedicated to philanthropy's role in strengthening our democracy and civic engagement during this unprecedented moment.
By Phuong Pham, Katie Janowiak
The Philanthropy California team will continue to monitor federal and state public policy developments to help funders stay informed, take action, and support their grantees and local communities.
About this Series
Western landscapes have always burned and always will. The more we suppress fire and change the climate, the more catastrophic wildfires become. How can we make communities and wild lands more resilient in the age of megafire?
About this Series
Western landscapes have always burned and always will. The more we suppress fire and change the climate, the more catastrophic wildfires become. How can we make communities and wild lands more resilient in the age of megafire?
Across the nation, numerous initiatives and programs are converging to create an increased focus on nonprofit overhead and funding the full cost of program delivery. As this conversation takes place nationally, we are engaging California funders in a dialogue that can shape better outcomes for the sector.
As California recovers from one of the worst wildfire disasters in its history, there is growing concern and confusion regarding the rapid changes happening to federal emergency management infrastructure and policy. Fortunately, Philanthropy California has a strong network of partners who are already providing research, policy analysis, and real-time context of the shifting landscape in D.C., which the philanthropic sector can leverage to inform their approach to disaster preparedness and resilience.
