Strykers Arcus Foundation has been one of the LGBTQ rights movements staunchest philanthropic backers. The Chorus Foundation founder has harnessed an inherited fortune to back bottom-up progressive power-building with an emphasis on environmental justice and structural change. 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 . Shes a frequent Democratic donor and backs environmental groups like Earthjustice. Regan Pritzker Co-President, The Libra Foundation; Co-founder, Kataly Foundation Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. I would love to see Kataly set a tone that its OK and necessary for philanthropy to resource at a big scale these projects that are holding the vision of a transformed society that is regenerative and sustainable, she said. Earharts fortune stems from the oil wealth of J. Paul Getty. She supports racial justice organizing through the Daphne Foundation and has been critical of corporate compensation at the Walt Disney Company. McIntosh helped found Rachels Network. And so they have: In May 2020, the couple joined with GivingTuesday to launch #HalfMyDAF, offering $1 million in matching grants to donors who pledged to spend half of their DAF accounts by the following September 30. Director and producer J.J. Abrams and his wife Katie McGrath have an active foundation that has given for education, policy, human services and the arts. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. 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.. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. The Bay Area is a priority. The goal is to spend down (or spend out, as Pritzker prefers to say) within roughly 10 years or so. Nwamaka Agbo and Regan Pritzker. Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. They give through the Future Justice Fund. She is the wife of fellow signee Robert S. Bowditch. 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. The former Google CEO has long pursued philanthropic interests that werent particularly progressive, with the exception of some environmental grants. 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. When you look at the crises in aggregate, what were seeing is an inability to recover. Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. Regan Deering, a plaintiff named in the suit against Governor Pritzker's mask mandate in schools released the following statement: Article continues after sponsor message As a philanthropist shes been a friend to progressive nonprofits and takes an intensive personal involvement in JPB. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. 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. His grantmaking is picking back up again lately and prioritizes civil rights and community work. eputy chair of the Open Society Foundations, a nonprofit founded by his father. Regan Pritzker and Liesel Pritzker Simmons Both women are heirs to the Pritzker family fortune, which was created through real estate investments and the founding of Hyatt Hotels, the. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. The team does see connections between this component of Katalys work and its systems change grantmaking. 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. Together they established the New Community Fund, which supports progressive infrastructure groups. Dorseys role at the helm of Twitter earns him frequent mention in the news. Were here to equip you with the tools you need to make a meaningful impact. Filing Date: November 19, 2013. 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. . For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. Cohen founded Ben & Jerrys ice cream with Jerry Greenberg in the 1970s. I do feel more urgency. Accessing these resources requires a subscription to Inside Philanthropy. Join our community! She is energized by the momentum that is building to shift private investment and philanthropy towards a frame of economic justice, reparations, and transformation. regan pritzker parents. Disney criticized the 2017 Republican tax bill in a NowThis video, saying the bill unfairly benefited the wealthy. Like this article? Subscribe to our newsletter! The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. This list was created with our media partnerInside Philanthropy, which houses a trove of research designed to assist fundraisersincluding articles and profiles ofmostof the donors listed. Contact NCFP for support! In terms of process and ideology, Libras grantmaking is already pretty progressive. 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. Reeves and Berger tapped a financial fortune to found Unbound Philanthropy, an under-the-radar grantmaking organization with a tight focus on immigrant, migrant and refugee rights. During the pandemic, Libra has aggressively increased its payout. 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. 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. Jennifer Pritzker, (right), shown here with Brenda Cossman, director of Bonham Centre for Sexual Diversity Studies at University of Toronto, is a biological male who uses philanthropic donations of push radical transgender ideology. Private individuals with wealth shouldnt be the ones determining where community resources should go.. 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. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. Based in Dallas, Texas, Embrey supports human rights work, with a focus on women. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. 5 This is the moment. 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. There is some overlap between Katalys environmental justice and restorative economies grantees. 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. as well as other partner offers and accept our, Phillip Faraone/Getty Images for Refinery29, The signatories support the wealth tax for six reasons, according to the, real-estate developer. Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. To date, All Star Code has graduated over 1,000 students, nearly 70 percent of whom qualified for free and reduced lunch and 95 percent of whom went on to college. When I look at philanthropy, its white people of privilege controlling the wealth, she says. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family . Youll have to start your own. . 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. He went on to receive a J.D. Arcus also funds conservation work in Africa and Asia. (IL-06), Regan Deering (IL-13) and . The Bay Area real estate billionaires (and their children) are familiar faces in the regional philanthropy scene. But the amount of money available to donors is only one part of the story. Nevertheless, the couples giving through the Chan Zuckerberg Initiative trends moderately progressive, with grants for anti-poverty research and community advocacy in California. Bowditch is a Massachusetts-based lawyer who serves on the board of trustees of the Bigelow Laboratory for Ocean Sciences, according to her biography on the Laboratory's website. 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. They give through the Open Philanthropy Project, an amalgamation of the couples foundation Good Ventures and GiveWell. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. A group of 19 ultra-wealthy Americans signed an open letter to 2020 presidential candidates asking them to support a wealth tax, a copy of the letter published byThe New York Times on June 24 shows. Part of our work is to support our own just transition, Pritzker said. In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. Studio now encompasses eight US cities, managed by two organizationsStudio in a School NYC and the Studio Institutewith a combined operating budget of $7 million. Described by the Washington Post as "18 ultrarich liberals," including Regan Pritzker and Liesel Pritzker Simmons, Hyatt hotel heirs and relatives of Illinois Gov. The need for generational movement funding was one reason Kataly and a group of other fundersincluding some big newcomer donors to this workjoined the Libra Foundation last year to set up the Democracy Frontlines Fund. Fran Sussner Rodgers founded WFD Consulting, which she led for many years alongside her husband Charles. This is the rainy day. I dont have to do that anymore.. In 2016, Forbes put Hughes' net worth at $430 million. We recognize that while we are resourcing projects to address systems and structural change, systems are made up of people, Agbo said. Bowditch is a retired Massachusetts real-estate developer. A mathematician and early employee at Google, desJardins gives through the Desjardins-Blachman Foundation along with his wife. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. 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. Regan lives in San Francisco where her greatest joys are spending time with her family, cooking for friends, and hiking and swimming around the Bay. He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. Theres this whole wait for a rainy day mentality, she says. Restorative economies is where many of Agbo and Pritzkers critiques of extractive capital bear fruit. We know that what is politically feasible is not what is ultimately necessary.. She is a prominent arts patron, collector of modern and contemporary art, and arts education and social justice advocate. Our intention is to be a partner that supports these solutions, leading to lasting regeneration that transforms us all. Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. She isthe daughter of philanthropist Agnes Gund. The foundations Restorative Economies Fund invests in projects directly involving grassroots community partners. By subscribing, I agree to the Terms of Use and Privacy Policy. Stacy Schusterman, Regan Pritzker, . It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. 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.. Chris Olin Susan Pritzker on a black and white TV in my . Regan Pritzker Board Member, Libra Foundation Investor Services Libra Case Study Social Enterprise Amplifier recognized an extraordinary program inside our organization and helped us make it visible on the global stage. 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. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. Annual IP membership required. 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. Douglas Goldman is a grandson of early Levi Strauss Company president Walter Haas. Blue Tent members can receive a25%discounton this subscription by using the codeBLUETENT. 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. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. 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. 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. . 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. Kataly has gathered a team of nine environmental and social justice leaders to help develop a program that centers communities disproportionately affected by pollution, disinvestment, health effects and over-reliance on the petrochemical industry. The Libra Foundation is committed to a vision of society that uplifts and empowers all people. that Hanauer is a longtime critic of America's income inequality. Hanauer, 60, is an entrepreneur and investor. According to his personal website, Soros serves as deputy chair of the Open Society Foundations, a nonprofit founded by his father. I said, No, those are my foundations, she says with a smile. Celebrated contemporary artists, such as Glenn Ligon and Sarah Sze, teach classes, and the program also offers coveted training for public school art teachers. 03 Aug 2022 Its grants benefit organizations working to advance women, girls and LGBTQ people in the U.S. and abroad. Along with his wife, Cindy, Jay Pritzker had acted as a surrogate parent during Penny's difficult adolescent years. from the University of Chicago. We were highly aware of all the money stuck in DAFs. It seems so obvious to me that philanthropy should be funding projects like that, but many foundations have restrictions on capital projectsthey wont fund a building campaign or an ownership campaign, Pritzker says. The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. Lewiss own family story straddles the opportunity divide: Her father, Reginald Lewis, was raised by his mother and grand- parents. The Pritzkers: There seems to be no shortage of Pritzker heirs with ambitious philanthropiesincluding Nicholas Pritzker, who runs the Libra Foundation with his wife Susan (see below) and J.B. Pritzker, who has worked with his wife M.J. to become one of the leading funders of early childhood learning. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. 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. A UPS heir, John Swift started the Swift Foundation in 1999. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family in America at the time. Both Tompkins Buell and current husband Mark Buell are prominent Democratic donors, and she maintains a close relationship with the Clintons. Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. His parents are Sue and Donald Pritzker. But the pandemic made them rethink their approach to giving. prestel publishing submissions. 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. Hughes, 35, is a cofounder of Facebook. 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 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. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. Katalys name is a window into its philosophy. They first backed him when he was a restaurateur and. Soros has a net worth of $8.3 billion, according to Forbes. 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. They have encouraged others to adopt it and accelerate opportunity for the poorest. Get the Robb Report newsletter for similar stories delivered straight to your inbox. Abroad, the foundation backs peace and security efforts, economic opportunity and human rights. An investor, Albright gives through the ARIA Foundation. The NBA legend once had a foundation, but it dissolved in the 1990s. Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. Theres this whole wait for a rainy day mentality, she says. 1 Letterman Drive Suite C4-420. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. A granddaughter of oil baron H.L. Gund founded non-profit production studio Aubin Pictures in 1996, according to her biography on the studio's website. 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. Kataly is a spend-out foundation created with assets from Regan Pritzker and Chris Olin, a wealthy white couple, to move resources in support of the economic, political and cultural power-building of Black and Indigenous communities and all people of color. McIntosh has headed the environment-focused McIntosh Foundation since her husband Michael passed away in 2015. 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. Liesel Pritzker Simmons, who sued her father and the. Were here to equip you with the tools you need to make a meaningful impact. This early tech entrepreneur gives in a variety of areas, including progressive policy, education, libraries, and arts. 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. They include the environment; youth, arts, and education; corporate and market campaigns; and alternative media. Learn More Team Staff Strategic Advisors Ryan is an investor and businessman who gives through the Schooner Foundation. His daughter, who wore his monogrammed shirt for Robb Reports photo shoot in tribute to him, grew up in privilege and studied at Harvard. They've set their sights on a variety of causes, most notably the environment. 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. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. 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. They fund environmental justice work through the Northlight Foundation, particularly in Alaska. An heiress to the Pritzker family fortune, Simmons has a net worth of approximately $600 million, according to a 2013 Forbes article. Michael and Sukey Novogratz donate through Galaxy Gives, which takes its aim at barriers created by structural poverty, oppression, and racism. Eldridge, 32, is a political activist and former congressional candidate in New York, according to Vanity Fair. Its current priorities include organizing around redistricting and the Census. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. It also led the team to adopt an integrated capital approach that embraces impact investments and a values-aligned portfolio alongside multi-year general support grants. She isthe daughter of philanthropist Agnes Gund. And that money is substantial. 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. Check out IPs directory of philanthropy and fundraising consultants. Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. Along with wife Lisa, Goldman supports progressive think tanks and advocacy through the Lisa & Douglas Goldman Fund. A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. The couple plan to continue #HalfMyDAF, but while its helpful, the Rishers believe its not enough. Among the beneficiaries is A New Way of Life, an organization providing housing and support for formerly incarcerated women. 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. 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. Harnessing art as a force for good remains central to her approach. Pritzker's family is one of the richest in America, according to Forbes, building their fortune from the Hyatt hotel chain. Silberstein founded library technology company Innovative Interfaces, according to Ballotpedia. After seeing Ava DuVernays documentary 13th, which draws a direct line from slavery to mass incarceration, Gund began reading about the issue and seeking out Bryan Stevenson, Michelle Alexander and other experts. Omidyar is a major media funder and has recently begun backing worker power. 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. The Klarmans fund social justice and Jewish causes in Boston and throughout the U.S., as well as internationally.
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