We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . Cohen founded Ben & Jerrys ice cream with Jerry Greenberg in the 1970s. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. Blanks former husband, Arthur Blank, co-founded Home Depot. Omidyar is a major media funder and has recently begun backing worker power. Philanthropy can no longer afford to have our endowments and investments working at cross-purposes, undermining the campaigns, organizing tactics and strategies that our grant partners are fighting for, Agbo wrote in an introductory primer on Katalys approach. 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.. 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. 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. Heres a look at how this new activist foundation came to be and where its going. from the University of Chicago. Both Pritzker and Agbo emphasized the need to support structural change and movement building from the bottom up, via grantmaking that relinquishes funder control, and among the wealthy and privileged via intentional donor organizing. Beneficiaries include environmental policy organizations. 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. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. Its grants benefit organizations working to advance women, girls and LGBTQ people in the U.S. and abroad. In isolation, a cooperative enterprise or community-governed loan fund can only do so much. That story has always been with me.. Gov. We know that what is politically feasible is not what is ultimately necessary.. Regan Pritzker - NCFP Susie Tompkins Buell founded The North Face along with her first husband Doug Tompkins. This allows me to make immediate impact and pivot more quickly if needed, she says. 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. From the start, Pritzker knew she wanted to set up a giving vehicle distinct from Libra, which she described as a shared project with her parents and siblings. Katalys may end up proving even more so. Rosenstein, 36, is the cofounder of workplace collaboration software Asana. It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). Theres this whole wait for a rainy day mentality, she says. REGAN PRITZKER Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. Regan Pritzker Profiles in CA, IL, and NV - Bizapedia Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. . A month after covid hit San Francisco, Jennifer and David Risher found themselves ensconced in their Napa Valley home, discussing how they could step up during the crisis. 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.. Not one to rest, Gund has visited prison and detention centers and is now actively involved in helping female inmates who have suffered severe abuse at New Yorks Rikers Island jail. Career 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. Part of her goal, she says, is to say to philanthropists like me, people with money and race privilege: We need to be willing to critique the system that we have benefitted from in order to move forward. . He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. Its fortune arose in the 20th centuryparticularly through the founding and expansion of the Hyatt hotel . a retired lieutenant colonel in the Illinois Army National Guard and the parent of three . Children With Autism Across U.S. Lend Voices to Transit Announcements 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. Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Lacy O'Toole/CNBC/NBCU Photo Bank via Getty Images. 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. Scotts divorce from Jeff Bezos secured her a fortune in Amazon stock that placed her among the worlds very richest. Philanthropist George Soros, 88, made his fortune running Quantum Fund, which was once the largest hedge fund in the world. 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. In the four years since its inception, the fund has dispersed $92 million to 287 non-profits, while also raising nearly $25 million from over 100 individual donors, including art collectors, artists and incarcerated people. 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. 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. All Star Code takes a holistic approach, identifying promising Black and Latino high school boys and enrolling them in summer intensive programs in computer coding. 3 Women Share Lessons From Running Family Foundations Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. that Hanauer is a longtime critic of America's income inequality. I do feel more urgency. Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. English worked with fellow signee Molly Munger on a, coalition lawsuit that won funding to build new public schools in Los Angeles in 2000, according to, Getty Images / Jared Siskin / Contributor, National Medal of the Arts in 1997 from President Bill Clinton for her work, which included serving as the. There is some overlap between Katalys environmental justice and restorative economies grantees. The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as Give Blck, a platform connecting donors to over 700 Black-founded nonprofits. Lewis is fostering those high standards through All Star Code, which she founded in 2013. All of this is based upon Agness vision of equity and inclusion and serving the communities that need us most, says Alison Scott-Williams, president of Studio in a School NYC. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. 3 Nicholas Pritzker is also the co-founder of Tao Capital, whose early investments included Uber, Tesla, and SpaceX. 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. Liesel Pritzker Simmons, who sued her father and the. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. 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. J.B. Pritzker signed legislation that amends the state's sports betting law that will finally allow bets to be made on in-state college sports teams while lifting the ban on online . 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. Munger, 71, is the oldest daughter of Berkshire Hathaway vice chairman Charlie Munger. Harnessing art as a force for good remains central to her approach. The foundations grantmaking interests encompass racial justice, womens rights, environmental justice and drug reform policy. At the Kataly Foundation, a Pritzker Heir Pursues the - NCFP In terms of process and ideology, Libras grantmaking is already pretty progressive. 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. 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 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. 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. He attended Reed College, Lake Forest College and the London School of Film. 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. 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. These givers have acquired their fortunesin different ways, including finance, tech,inheritance, and divorce or widowhood. 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. 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. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. 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. Kataly is an up-and-coming progressive grantmaker founded by Regan Pritzker, whose parents Nicholas and Susan Pritzker give through the movement-oriented Libra Foundation. Sagner heads the Sagner Family Foundation, which supports progressive advocacy and movement groups, both nationally and in its home region of New York. 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. J.B. Pritzker, in 1966 photo. She is a prominent arts patron, collector of modern and contemporary art, and arts education and social justice advocate. View Regan Pritzker's professional profile on LinkedIn. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, Getty Images / Vaughn Ridley / Contributor. Keep up with trends in family philanthropy. Grantees like the Boston Ujima Project, Higher Purpose Co. and the East Bay Permanent Real Estate Cooperative are a few examples of other organizations taking a similar approach. An investor, Albright gives through the ARIA Foundation. Facebooks failings have tarnished Zuckerbergs reputation for many. 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. New Poll: races tightening - POLITICO 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. She is also turning her attention to climate change, citing artist. As with all of Katalys program areas, restorative economics centers racial justice, supporting grantees focused on the financial empowerment of BIPOC communities. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts. Among the beneficiaries is, Not one to rest, Gund has visited prison and detention centers and is now actively involved in helping female inmates who have suffered severe abuse at New Yorks Rikers Island jail. Along with wife Lisa, Goldman supports progressive think tanks and advocacy through the Lisa & Douglas Goldman Fund. We need to move that money.. Pritzker family - Wikipedia A former Microsoft executive and CEO of the Bill & Melinda Gates Foundation, Raikes own giving through the Raikes Foundation prioritizes educational equity, combating youth homelessness and philanthropic field-building. A granddaughter of oil baron H.L. Beginning in 2019, she began quietly giving to a variety of progressive causes and signed the Giving Pledge the following year. Chris Olin Susan Pritzker I should pay more taxes, we need to increase minimum wage, we need a higher social safety net, we need to make reparations. In particular, she supports the Accelerating Charitable Efforts Act, bipartisan legislation that would require DAF holders to distribute their funds within 15 years in order to receive upfront income-tax deductions. Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. 3. 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. Through the Hull Family Foundation, he supports causes like reproductive rights and drug policy 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. She is chair of the investment committee of her family's foundation, the Libra Foundation, as well as a member of Edge Funders Alliance, and is a leading philanthropist in the Just Transition movement, taking leadership in moving progressive investors to rethink their ethical framework for private investment. Taylor is one of three liberal billionaires who founded the Wellspring Philanthropic Fund, a key funder of voter engagement initiatives, progressive think tanks and movement organizations. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Munger is a Harvard Law graduate who works as a civil rights attorney in Pasadena, California, according to the Los Angeles Times. When you look at the crises in aggregate, what were seeing is an inability to recover. Nevertheless, there is still plenty of room for experimentation and iteration in how Kataly envisions philanthropy, both in terms of how it operates, as well as its place in the broader progressive funding context. on a black and white TV in my . 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. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. We were highly aware of all the money stuck in DAFs. But the pandemic made them rethink their approach to giving. 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. . Co-President, The Libra Foundation; Co-founder, Kataly Foundation. She isthe daughter of philanthropist Agnes Gund. 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. Dorseys role at the helm of Twitter earns him frequent mention in the news. We need policy changes, Jennifer says. 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. Katalys name is a window into its philosophy. These innovations come as charitable giving in the US is rising, with American individuals, bequests, corporations and foundations contributing $471.44 billion in 2020, up nearly 4 percent from 2019 when adjusted for inflation, according to statistics from the Giving USA Foundation. 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 Pritzker family tree - Chicago Tribune 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. Today, Tides is an crucial fiscal sponsor, DAF sponsor and donor organizing outfit on the left. 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. 10 Things You Didn't Know About JB Pritizker - Money Inc Access your favorite topics in a personalized feed while you're on the go. Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her Art for Justice Fund, which aims to safely reduce the prison population and, like many of her efforts, incorporates art and artists in the solution. 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. I grew up knowing about my father and his mother and others being Black in segregated Baltimore and having to work all their lives for white people who thought they were inferior, cleaning houses for a buck and change, she says. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family . Theysupport a diverse array of organizations on the left. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term gender-affirming care while offering medical procedures for young females who want to have their reproductive organs removed. 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. Big funders are moving more money, theyre moving it at scale, and theyre moving it to Black-led and Indigenous-led groups., For Pritzker, who spent years struggling with a sense of guilt, Kataly has provided a clarity of purpose.