Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. 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. They have encouraged others to adopt it and accelerate opportunity for the poorest. The Salesforce founder has a major philanthropic profile in the Bay Area, where he has emerged as an advocate for anti-homelessness efforts. Recently, theyve dipped into progressive giving with a COVID response fund to benefit undocumented immigrants and some racial justice movement funding. 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. As a child, she starred in several big-name Hollywood productions, including "A Little Princess" and "Air Force One," alongside Harrison Ford. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes. Described by the Washington Post as "18 ultrarich liberals," including Regan Pritzker and Liesel Pritzker Simmons, Hyatt hotel heirs and relatives of Illinois Gov. 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. . Meyer utilized an inherited fortune in UPS stock to found what is now the Southern Partners Fund, which supports grassroots organizing in the Southeast. Apply to join the directory. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. Want to get inside funders' heads? 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 Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Pritzker Simmons and her mother Irene support similar causes through the IDP Foundation. 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. View Regan Pritzker's professional profile on LinkedIn. Of the 19 people who signed the letter, one chose to remain anonymous. Theysupport a diverse array of organizations on the left. Hiatt, 90, is the former president of shoe company Stride Rite, according to Bloomberg. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. 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. 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. 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. A nonagenarian real estate developer, Weissberg supports efforts to reform the justice system and empower women and people of color through the Weissberg Family Foundation. president of the Museum of Modern Art in New York. We need to move that money.. Gain access to personalized support and a network of peers. For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. 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. She is also turning her attention to climate change, citing artist. They've set their sights on a variety of causes, most notably the environment. Arcus also funds conservation work in Africa and Asia. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. Gain access to personalized support and a network of peers. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. She is active in the JustTransition movement, taking leadership in moving progressive wealth holders and philanthropists to rethink their ethical framework for private investment. 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. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. 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. Shes also the donor behind the Art for Justice Fund. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. states. Annual IP membership required. 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. 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. Munger, 71, is the oldest daughter of Berkshire Hathaway vice chairman Charlie Munger. 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. NCFP is here to help you on every step of your philanthropic journey. Based in Dallas, Texas, Embrey supports human rights work, with a focus on women. Facebooks failings have tarnished Zuckerbergs reputation for many. regan pritzker parents. The family, whose fortune was built on the Hyatt hotel chain, includes the governor, former Obama administration Secretary of Commerce Penny Pritzker and philanthropist Jennifer Pritzker, who was born a male and served in the Illinois National Guard. , building their fortune from the Hyatt hotel chain. She is wonderfully impatient. 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. Interests include climate change mitigation and clean energy. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family . Subscribe to our newsletter! from the University of Chicago. 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. 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. 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. We were highly aware of all the money stuck in DAFs. Identifying and contacting leading progressive philanthropists is not easy. 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. 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. The signatories support the wealth tax for six reasons, according to the letter. File Number: 201332310199. 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. Register now: https://bit.ly/3vBtr1c . Agbo noted that theres a link to be made between those questions and the democratic process itself. The language around systemic racism has been really empowering, she says. 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. Among the beneficiaries is A New Way of Life, an organization providing housing and support for formerly incarcerated women. 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. 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. Rather than the returns coming back into Kataly, returns are distributed and moved out into the community.. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. One factor that led Pritzker to dedicate so much of her wealth to this new enterprise was her encounters with the work Agbo and others were spearheading around restorative economics. But their financial machinations did not stay private for long. While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. Jennifer Pritzker, a retired lieutenant colonel in the Illinois Army National Guard and the parent of three children, was born James Pritzker and transitioned in 2013, more than a decade after forming the Tawani Foundation. Three married couples also signed the letter together, as well as one person who remained anonymous. 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. We knew that nonprofits were strapped and stressed, and we thought, What can we do to help? , The couple quickly hit upon a solution: targeting the money that was sitting at the readybut languishing in donor-advised funds, or DAFs, which hold an estimated $140 billion. Join our community! 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. She served as the United States Secretary of Commerce for a term. Today, Tides is an crucial fiscal sponsor, DAF sponsor and donor organizing outfit on the left. to become the online organizer for Barack Obama's first presidential campaign. Susie Tompkins Buell founded The North Face along with her first husband Doug Tompkins. 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. 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. Kids With Autism Have a Message for Transit Riders. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. Crucially, Agbo notes, Katalys program directors come out of direct lived and movement-building experience, which helps them build trust. Theres this whole wait for a rainy day mentality, she says. Through the Hull Family Foundation, he supports causes like reproductive rights and drug policy reform. But the amount of money available to donors is only one part of the story. 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. San Francisco, CA 94129. Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Newsweekreports. eputy chair of the Open Society Foundations, a nonprofit founded by his father. Subscribe to our newsletter! Kataly Foundation, Founded in 2018. 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. from the University of Chicago. prestel publishing submissions. My discomfort came from recognizing that my wealth came at the expense of others, she says, and from realizing the issues she cared about profoundlyenvironmental and social injusticewere connected to the wealth inequalities from which she benefitted. Explore GrantFinder, a powerful resource for IP subscribers. [5] Career [ edit] 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 is energized by the momentum that is building to shift private investment and philanthropy towards a frame of economic justice, reparations, and transformation. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. Hes also a donor organizer who helped found what is now the Threshold Foundation. 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. 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. Facebook co-founder Dustin Moskovitz and his wife Cari Tuna have pledged to give away their entire fortune during their lifetime. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values.
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