Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. 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. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. 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). Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. This is the rainy day. Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. Pritzker family - Forbes 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. Baumans father created the Bauman Foundation, a D.C.-based progressive funding outfit where she has served as President since 1987. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. 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. 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. (Vince Talotta/Toronto Star via Getty Images). Gain access to personalized support and a network of peers. Contact NCFP for support! LinkedIn is the world's largest business network, helping professionals like Regan Pritzker discover inside connections to recommended . Our silence keeps the status quo in place and keeps us from examining our relationship with money, from holding ourselves accountable, she says, and it keeps us in a bubble unaware of our own privilege., Self-described philanthropreneur Christina Lewis has a mission: to provide not just something decent, but something excellent, to Black and Latino boys, she says, which is what they deserve.. 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. And that money is substantial. . 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. 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. Prior to his career in finance, Mindich was a journalist. He went on to receive a J.D. I do feel more urgency. Chris Olin Susan Pritzker Regan Pritzker - Kataly Foundation Silberstein founded library technology company Innovative Interfaces, according to Ballotpedia. Jack Dorsey Says Elon Musk Should Have Never Bought Twitter: It All Went South, Louis Vuitton Turned a South Korean Bridge Into a Massive Runway for Its Latest Fashion Show, David Byrne Rode His Bike to the Met Gala, East Bay Permanent Real Estate Cooperative, Change Your View: Inside Robb Reports May Design and Travel Issue, Michael B. Jordan Christened Tiffany & Co.s Flagship Store Opening With a Vintage Diamond-Studded Brooch, Chris Pratt Paired a Panerai Luminor With a Custom Purple Checked Suit for the Guardians of Galaxy Premiere, King Charless Coronation Will Cost U.K. Taxpayers an Estimated $125 Million. The Klarmans fund social justice and Jewish causes in Boston and throughout the U.S., as well as internationally. Join our community! English was a partner at corporate law firm Morgan, Lewis & Bockius in Los Angeles before cofounding a civil rights non-profit called The Advancement Project, his biography on the foundation's website states. president of the Museum of Modern Art in New York. 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. The team does see connections between this component of Katalys work and its systems change grantmaking. In addition, the letter argues, a wealth tax is fair, patriotic, and would strengthen our democracy by reducing inequality. Chairman of The Stride Rite Charitable Foundation. He now serves as the Chairman of The Stride Rite Charitable Foundation. 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. 03 Aug 2022 5 Her work at Libra, which seeks to shift traditional philanthropy, with its top-down management and frequently onerous reporting requirements, to a more relationship-based and community-minded endeavor, helped persuade her to start the Kataly Foundation in 2018. Philanthropist George Soros, 88, made his fortune running Quantum Fund, which was once the largest hedge fund in the world. 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. Accessing these resources requires a subscription to Inside Philanthropy. He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. We want to preface and recognize the humanity of individuals doing this work, both those working on the ground and those were trying to mobilize to redistribute their wealth and resources.. Progressive Foundations - Blue Tent It is. Scotts divorce from Jeff Bezos secured her a fortune in Amazon stock that placed her among the worlds very richest. In terms of process and ideology, Libras grantmaking is already pretty progressive. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. The Kataly Foundation was created in 2018 by Regan Pritzker and Chris Olin. View People Named Regan Pritzker in California. 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. Part of our work is to support our own just transition, Pritzker said. Scott has now fully emerged as one of the nonprofit lefts most deep-pocketed allies. As a yoga and meditation practitioner, Olins influence may be at play in this section of Katalys portfolio, which includes grants to places like the East Bay Meditation Center, the Buddhist Peace Fellowship and Insight Meditation Community of Washington. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. The fascinating life of Penny Pritzker (so far) | Fortune Norman Lear co-founded People for the American Way, and the Lear Family Foundation frequently supports progressive advocacy, including for the environment. Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes. 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. Those include funding environmental initiatives and solving America's climate crisis; fueling economic growth; and providing funding for public health care. Like her father Blair Hull, Megan Hull is a Democratic donor who also helps lead the Hull Family Foundation in its progressive grantmaking. Decades ago, when Agnes Gund was just beginning to explore charitable giving, her mentor, the late philanthropist Irene Diamond, provided seminal advice. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Hes a steady backer of environmentalist and LGBTQ causes, and has served on the boards of the Natural Resources Defense Council and the Rocky Mountain Institute. View Regan Pritzker's professional profile on LinkedIn. How the next-gen Pritzkers are spending the family fortune 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. That story has always been with me.. The countrys racial reckoning, particularly around health disparities highlighted by Covid, has fueled her sense of urgency, prompting her to invest with Black women and Latina fund managers. She is also turning her attention to climate change, citing artist Maya Lins installation Ghost Forest in Madison Square Park as inspiration. Heres a look at how this new activist foundation came to be and where its going. Top Progressive Philanthropists - Blue Tent Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. 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.
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