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. Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. Facebook co-founder Dustin Moskovitz and his wife Cari Tuna have pledged to give away their entire fortune during their lifetime. She is wonderfully impatient. Were at a point of inflection for philanthropy. But the amount of money available to donors is only one part of the story. When you look at the crises in aggregate, what were seeing is an inability to recover. 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. 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. 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.. While Jenifer Pritzker doles out money, J.B. Pritzker is changing policy in Illinois to support the familys agenda, Bilek writes. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. regan pritzker parents. Heres a look at how this new activist foundation came to be and where its going. Explore GrantFinder, a powerful resource for IP subscribers. Regan Pritzker The daughter of Nicholas and Susan Pritzker, Regan is following in her parents' footsteps via the Kataly Foundation, founded in 2018 to fund social justice and racial equity work in communities most impacted by injustice. Children With Autism Across U.S. Lend Voices to Transit Announcements His grantmaking is picking back up again lately and prioritizes civil rights and community work. 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. J.B. Pritzker eyes mother's legacy in push for leadership role on A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. Disney criticized the 2017 Republican tax bill in a NowThis video, saying the bill unfairly benefited the wealthy. . As a child, she starred in several big-name Hollywood productions, including "A Little Princess" and "Air Force One," alongside Harrison Ford. We recognize that while we are resourcing projects to address systems and structural change, systems are made up of people, Agbo said. Our intention is to be a partner that supports these solutions, leading to lasting regeneration that transforms us all. 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. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. Harnessing art as a force for good remains central to her approach. Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. Nevertheless, the couples giving through the Chan Zuckerberg Initiative trends moderately progressive, with grants for anti-poverty research and community advocacy in California. Compared to its restorative economies funding, Katalys environmental justice grants are smaller but more numerous, most coming in at either $45,000 or $150,000. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts. 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. The New Rules of Old Money - Harper's BAZAAR These givers have acquired their fortunesin different ways, including finance, tech,inheritance, and divorce or widowhood. At the Kataly Foundation, a Pritzker Heir Pursues the Democratization She is also turning her attention to climate change, citing artist. Career 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. 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. You can use the tool below to search Inside Philanthropy's research guides for the individualson this list and other funders. Want to get inside funders' heads? Fran Rodgers is Vice Chair at the Democracy Alliance. Fran Sussner Rodgers founded WFD Consulting, which she led for many years alongside her husband Charles. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Regan Pritzker Profiles in CA, IL, and NV - Bizapedia The Kataly Foundation is supporting recovery and resilience with a trust-based, equity-focused approach that others may find instructive. And that money is substantial. Gain access to personalized support and a network of peers. 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. Simmons, 44, serves as the cofounder and principal of impact investing firm Blue Haven Initiative alongside his wife and fellow signatory Liesel Pritzker Simmons, according to the firm's website. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. That story has always been with me.. 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. 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. We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . Omidyar is a major media funder and has recently begun backing worker power. David, after leaving Microsoft and later Amazon, founded Worldreader, an organization that has distributed over 67 million digital books to more than 18 million children and young adults since its founding in 2010. She has an incredible sense of timing, says Helena Huang, project director of Art for 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. Gund founded non-profit production studio Aubin Pictures in 1996, according to her biography on the studio's website. Racial, economic and environmental justice are key early priorities for Kataly. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. Michael and Sukey Novogratz donate through Galaxy Gives, which takes its aim at barriers created by structural poverty, oppression, and racism. J.B. Pritzker, in 1966 photo. Those include funding environmental initiatives and solving America's climate crisis; fueling economic growth; and providing funding for public health care. Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. His parents are Sue and Donald Pritzker. Three married couples also signed the letter together, as well as one person who remained anonymous. . On Tuesday, EPA Administrator Michael S. Regan announced that President Biden will appoint Shore, who has been a leading voice for water quality and management, to become EPA's regional administrator for Region 5, which covers six states, including Illinois, and 35 tribes. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. Recently, Eric and Wendy Schmidt have taken steps in a progressive direction, including toward racial justice movement funding. He attended Reed College, Lake Forest College and the London School of Film. 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. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. , building their fortune from the Hyatt hotel chain. Spurred by the Covid-19 crisis, Americas racial reckoning, increasingly frequent climate disasters and a profound sense that traditional ways of giving are insufficient to meet burgeoning needs, donors are re-examining not only what but how they give. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. Regan Pritzker - San Francisco, California, United States Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. 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. A successful investor, Hull sought the Democratic nomination for U.S. Senate in Illinois in 2004, a primary race he lost to a rising Barack Obama. NCFP is here to help you on every step of your philanthropic journey. Keep up with trends in family philanthropy. The son of Renaissance Technologies co-founder James Simons, Nat Simons moves money through the Sea Change Foundation. AES Corporation founder Roger Sant gives to support urban sustainability and women and girls rights through the Summit Foundation. He has a masters degree from UC Berkeley and serves on the board of the university's Goldman School of Public Policy. Katalys name is a window into its philosophy. I dont think traditional philanthropy has permission anymore to be holding all the cards, she says. The British investor and asset manager funds environmental advocacy groupsmost of them big-namethrough his Grantham Foundation for the Protection of the Environment. 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, Sean Zanni/Patrick McMullan via Getty Images. 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. The goal is to spend down (or spend out, as Pritzker prefers to say) within roughly 10 years or so. An heir to the Reynolds tobacco fortune, Bagley was active in Democratic Party politics in the 1990s before settling into leadership roles with the Arca Foundation and the Z. Smith Reynolds Foundation. 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. 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. The letter isn't the first time that Disney has spoken out about tax reform. 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. Soros has a net worth of $8.3 billion, according to Forbes. Abigail Disney isn't the only wealthy heir to speak out about - CNN 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. As next-gen members of the wider Pritzker clan, this couples main funding vehicle is the Blue Haven Initiative, an impact investment shop focused on African enterprises. Join our community! They have encouraged others to adopt it and accelerate opportunity for the poorest. from the University of Chicago. The Libra Foundation is committed to a vision of society that uplifts and empowers all people. 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. The fascinating life of Penny Pritzker (so far) | Fortune A Swiss entrepreneur and billionaire, Wyss funds environmental conservation in the U.S., with additional grants going out the door to progressive policy nonprofits and intermediaries like the New Venture Fund. 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. So many of these grantees have been in a place where theyre only able to advance what the world tells them is politically feasible, Agbo said. For the Kataly Foundation, the practice of restorative economics involves transforming the financial status quo by investing in strategies that uplift sustainable community ownership and governance of resources.
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