We recognize that while we are resourcing projects to address systems and structural change, systems are made up of people, Agbo said. 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. Identifying and contacting leading progressive philanthropists is not easy. The fascinating life of Penny Pritzker (so far) | Fortune 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. Barbara Picower founded the JPB Foundation with a fortune her late husband acquired, partially as the largest beneficiary of the Madoff investment scandal. She also helps lead the Sapelo Foundation, also founded by the Reynolds family. The Salesforce founder has a major philanthropic profile in the Bay Area, where he has emerged as an advocate for anti-homelessness efforts. (The couple were no strangers to tragedy: Their 24-year-old daughter had. Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. J.B. Pritzker became governor of Illinois in 2019; his sister Penny Pritzker was Secretary of Commerce in the Obama Administration. 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. She may be related to some of the most prominent figures in conservative philanthropy, but this Wisconsin-based heiress has charted a different course with donations to progressive women'srights groups and Democratic political contributions. Led by Nwamaka Agbo, a social-justice activist who developed a restorative economics framework, Kataly was capitalized with $445 million and focuses on economic and environmental justice, community wealth-building and mindfulness training. The eBay billionaire has largely focused his strategy on investing in social entrepreneurs, but also engages in grantmaking on a wide array of global issues. Annual IP membership required. For BIPOC communities in particular, Kataly sees a just transition of wealth as one that transfers both money and control of decision-making processes around that money to people whove been denied a seat at those tables. Illinois governor repeals law requiring parental notification of - PBS What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. The team does see connections between this component of Katalys work and its systems change grantmaking. Dorseys role at the helm of Twitter earns him frequent mention in the news. 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. Liesel Pritzker Simmons' Family Values - Worth eputy chair of the Open Society Foundations, a nonprofit founded by his father. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. Career This early tech entrepreneur gives in a variety of areas, including progressive policy, education, libraries, and arts. 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. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. BIPOC communities experience systemic barriers in accessing the typical friends and family capital that wealthier communities have, Agbo says. The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. Keep up with trends in family philanthropy. Sue Pritzker holds up one-year-old son Jay Robert Pritzker, the future Gov. 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. To offset obstacles imposed by structural racism, Kataly provides non-extractive loans, permitting financial loss in return for greater social impact. He was also a philanthropist, bestowing millions upon, The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as, With her siblings, Pritzker served somewhat halfheartedly on the, 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 funds nearly 300 organizations, an eclectic list that ranges from the, Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her, 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, 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. 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. Covid has spotlighted the reality of economic and racial inequality, and were facing climate change in new ways, says Jennifer. Described by the Washington Post as "18 ultrarich liberals," including Regan Pritzker and Liesel Pritzker Simmons, Hyatt hotel heirs and relatives of Illinois Gov. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. Hunt, Hunt-Hendrix is an important next-gen figure in progressive donor organizing, bringing her Occupy Wall Street experience to bear as a founder of Solidaire and Way to Win. 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. He went on to receive a J.D. The NBA legend once had a foundation, but it dissolved in the 1990s. (Vince Talotta/Toronto Star via Getty Images). He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. 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 website of the Global Greengrants Fund, an organization she serves on the board of. 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. 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. The hotel heiress Regan - The Chronicle of Philanthropy | Facebook Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. 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?. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. Gain access to personalized support and a network of peers. They first backed him when he was a restaurateur and. Facebooks failings have tarnished Zuckerbergs reputation for many. 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. Lewiss own family story straddles the opportunity divide: Her father, Reginald Lewis, was raised by his mother and grand- parents. The Pritzkers are active in backing a techno-medical complex that includes big banks, pharmaceutical giants, and major corporations who seek to undermine the idea that humans are a species with two distinct sexes. Theres this whole wait for a rainy day mentality, she says. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Gund, 54, is an Emmy award-winning film director and producer. Join our community! Youll have to start your own. . Meet Philanthropists With Urgent Distribution Models for Change - Robb LinkedIn is the world's largest business network, helping professionals like Regan Pritzker discover inside connections to recommended . Its grants benefit organizations working to advance women, girls and LGBTQ people in the U.S. and abroad. But their financial machinations did not stay private for long. Last August, Pritzker signed into law a new public schools sex education bill that promotes gender identity ideology and other related material in grades K-12. A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. The former often benefit organizations working for community control of land and resources, such as the Earthseed Land Collective, the Federation of Southern Cooperatives and the Highlander Research and Education Center. This, And so they have: In May 2020, the couple joined with. What Does it Look Like to Truly Shift Power in Philanthropy? Here Are 3 I said, No, those are my foundations, she says with a smile. Based in Dallas, Texas, Embrey supports human rights work, with a focus on women. After Jay Pritzker died in 1999, his children and nieces and nephews, again leaving out Liesel and Matthew, made a secret pact to liquidate the family businessa complete repudiation of Jay's wishesand distribute the money among themselves. Judge Dismisses Appeal Of Pritzker's School Mask Mandate - RiverBender.com Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Newsweekreports. Meet the 18 Ultra-Wealthy Americans Asking for a Wealth Tax 3 Women Share Lessons From Running Family Foundations McIntosh helped found Rachels Network. The son of the famed liberal donor, Alexander Soros gives through the Alexander Soros Foundation, which gives out an annual award to activists working at the nexus of environmentalism and human rights. Partners : Amplifier , building their fortune from the Hyatt hotel chain. Over the past several years, however, Pritzker has come into more of her own inheritance, measured in the hundreds of millions. 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. Responding to COVID-19: The Kataly Foundation's Approach Warren Buffetts daughter Susan Buffett founded the Omaha-based Sherwood Foundation, another entry in the Buffett familys collection of left-leaning philanthropies. Register now: https://bit.ly/3vBtr1c . For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. The Libra Foundation is committed to a vision of society that uplifts and empowers all people. 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. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. Part of our work is to support our own just transition, Pritzker said. Today, Tides is an crucial fiscal sponsor, DAF sponsor and donor organizing outfit on the left. Its both a repudiation of and a remedy for economic practices that concentrate wealth in the hands of the already wealthy, impoverishing communities that lack the clout to secure a share. . Karen Pritzker Age: 53 Primary residence: Connecticut Married, four children Occupation: Philanthropist Activities: A former editor at Working Mother and McCall's magazines, she is a co-founder. 03 Aug 2022 Soros has a net worth of $8.3 billion, according to Forbes. Prior to his career in finance, Mindich was a journalist. 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. The Environmental Justice Resourcing Collective, as its called, includes several leaders from the funding world like Gloria Walton of the Solutions Project and Vanessa Daniel of the Groundswell Fund, as well as other advocates. JB has an impressive education The Pritzkers spared no expense when it came to the education of their children. This allows me to make immediate impact and pivot more quickly if needed, she says. His daughter, who wore his monogrammed shirt for Robb Reports photo shoot in tribute to him, grew up in privilege and studied at Harvard. June 22, 2022; Posted by lisa marie michael jackson; 22 . Lewis is fostering those high standards through All Star Code, which she founded in 2013. 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. His parents are Sue and Donald Pritzker. 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. 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. 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. NCFP is here to help you on every step of your philanthropic journey. Today, Swift is an environmental funder that predominately funds work arising from Indigenous people and their local communities. 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. They fund environmental justice work through the Northlight Foundation, particularly in Alaska. The son of New York investor Joseph P. Mailman, Joshua Mailman is a longtime impact investor who gives through the Joshua Mailman Foundation. A UPS heir, John Swift started the Swift Foundation in 1999. 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.. Some of the richest people in the United States support progressive causes and the number of such donors has grown in recent years amid a vast influx of wealth into philanthropy. [5] Career [ edit] Daughter of billionaire liberal donor James Simons, Cappell is behind the Foundation for a Just Society. Through the Hull Family Foundation, he supports causes like reproductive rights and drug policy reform. 3. 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. 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. 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. She is married to author and progressive thought leader Steve Phillips. Kataly Foundation The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. Facebook co-founder Dustin Moskovitz and his wife Cari Tuna have pledged to give away their entire fortune during their lifetime. Foundation Embarks on New 'Equitable' Approach to Grant Making Stacy Schusterman, Regan Pritzker, . In addition to supporting community ownership projects directly, the Restorative Economies Fund backs complementary organizing and advocacy through groups like the Center for Economic Democracy, Restore Oakland and the Right to the City Alliance. By subscribing, I agree to the Terms of Use and Privacy Policy. 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. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. . 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. Robb Report spoke with leaders in the field, including philanthropists and executives, who are addressing pressing issues, notably racism, mass incarceration, education inequalities and the climate crisis, with both sophisticated financial structures and the simplest of tools: the will to effect change, and to do it quickly. Regan Pritzker Profiles in CA, IL, and NV - Bizapedia 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.
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