They've set their sights on a variety of causes, most notably the environment. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. 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. Youll have to start your own. . Gund, 81, used the fortune she inherited from her father, the president of an Ohio-based bank, to become a noted philanthropist in arts and social justice, according to The New York Times. And that money is substantial. Mark Mann Regan Pritzker grew up in Chicago, vaguely suffocated by seeing her famously philanthropic family's name on. , building their fortune from the Hyatt hotel chain. Of the 19 people who signed the letter, one chose to remain anonymous. We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. "My mom's not a fancy, formal. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. Kids With Autism Have a Message for Transit Riders. Hes a prominent supporter of LGBTQ causes as well as a major Democratic donor. 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. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. McIntosh has headed the environment-focused McIntosh Foundation since her husband Michael passed away in 2015. 03 Aug 2022 Like this article? She also helps lead the Sapelo Foundation, also founded by the Reynolds family. He also funds Jewish causes through the Ricky and Andrew J. Shechtel Philanthropic Fund. 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. 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. 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. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. In 2002, Forbes reports, she sued her father and the Pritzker family and came away from it with a $500 million payout. 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. Today, Swift is an environmental funder that predominately funds work arising from Indigenous people and their local communities. 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. It is. They include the environment; youth, arts, and education; corporate and market campaigns; and alternative media. 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. Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. The third of Katalys primary program areas is Mindfulness and Healing Justice, where Pritzkers husband Chris Olin has focused his efforts. Keep up with trends in family philanthropy. 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. Alongside his sister Susan, Sandler continues to bankroll progressive organizations. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. She also told me that transferring wealth to community-owned and governed organizations allows us to build up the financial sustainability of those communities, of those projects. 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. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. An exhaustive report from Tablet magazine details how the wealthy family uses its philanthropic operation to drive an ideology and practice of disembodiment into our medical, legal, cultural, and educational institutions.. 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 . We didnt insert ourselves in the process, Jennifer says. Annual IP membership required. Get the Robb Report newsletter for similar stories delivered straight to your inbox. She is also turning her attention to climate change, citing artist. San Francisco, CA 94129. 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. Fundamentals of Family Philanthropy Webinar Series. Gund, 54, is an Emmy award-winning film director and producer. 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 In addition to green mainstays like the NDRC and Greenpeace, the foundation backs progressive advocacy groups like the Alliance for Justice. It is. netted him a fortune, which he employs to support causes like LGBTQ rights, gun violence prevention and civic programming in Los Angeles. The son of Renaissance Technologies co-founder James Simons, Nat Simons moves money through the Sea Change Foundation. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. Hes also a donor organizer who helped found what is now the Threshold Foundation. Along with wife Lisa, Goldman supports progressive think tanks and advocacy through the Lisa & Douglas Goldman Fund. Michael and Sukey Novogratz donate through Galaxy Gives, which takes its aim at barriers created by structural poverty, oppression, and racism. We believe its necessary to have projects like Libra and projects like Kataly, Agbo said, in the spirit of understanding how all our foundations are part of an ecosystem. She added, We need to break the habit that philanthropy can have, that there can be only one right way.. This scion of the Walton family co-founded Wend, a social impact fund that has gotten behind progressive causes like Black-led organizing. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. Sagner heads the Sagner Family Foundation, which supports progressive advocacy and movement groups, both nationally and in its home region of New York. Ryan is an investor and businessman who gives through the Schooner Foundation. pists are revamping their protocols. Along with his wife, Cindy, Jay Pritzker had acted as a surrogate parent during Penny's difficult adolescent years. Pritzker's family is one of the richest in America, according to Forbes, building their fortune from the Hyatt hotel chain. She served as the United States Secretary of Commerce for a term. Recently, Eric and Wendy Schmidt have taken steps in a progressive direction, including toward racial justice movement funding. Contact NCFP for support! Racial, economic and environmental justice are key early priorities for Kataly. The British investor and asset manager funds environmental advocacy groupsmost of them big-namethrough his Grantham Foundation for the Protection of the Environment. 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. I realized this was where Black people need to be to close the wealth gap, to leapfrog over historic inequities. Fran Rodgers is Vice Chair at the Democracy Alliance. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. 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. Cohen founded Ben & Jerrys ice cream with Jerry Greenberg in the 1970s. 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. 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. 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. 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. Prior to his career in finance, Mindich was a journalist. Interests include climate change mitigation and clean energy. Agnes is an extraordinary philanthropist. She is on the Democracy Alliance board and has also held leadership roles in Planned Parenthood and the Democratic Party itself. Liesel Pritzker Simmons, who sued her father and the. Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. 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. 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. Disney is a grandniece of Walt Disney, and works as a social activist and documentary filmmaker. Billionaires from George Soros to Abigail Disney are begging to be taxed more, Facebook / Bigelow Laboratory for Ocean Sciences, stayed mum on the exact size of her inheritance, Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it, she starred in several big-name Hollywood productions. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. 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. Following husband Steve Jobs death, Laurene Powell Jobs has pursued interests in education, immigration and the environment via the Emerson Collective. 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. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. Heres a look at how this new activist foundation came to be and where its going. 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. 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. 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. Chairman of The Stride Rite Charitable Foundation. 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. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. View People Named Regan Pritzker in California. Blue Tent members can receive a25%discounton this subscription by using the codeBLUETENT. A granddaughter of oil baron H.L. Restorative economies is where many of Agbo and Pritzkers critiques of extractive capital bear fruit. She created the Kendeda Fund in 2003, but only came to light as its principal donor in 2015. He now serves as the Chairman of The Stride Rite Charitable Foundation. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes. Sagner has donated to the Movement for Black Lives. The Bay Area is a priority. We were highly aware of all the money stuck in DAFs. According to his personal website, Soros serves as deputy chair of the Open Society Foundations, a nonprofit founded by his father. By clicking Sign up, you agree to receive marketing emails from Insider Dorseys role at the helm of Twitter earns him frequent mention in the news. Barbara Picower founded the JPB Foundation with a fortune her late husband acquired, partially as the largest beneficiary of the Madoff investment scandal. Private individuals with wealth shouldnt be the ones determining where community resources should go.. . 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. During the pandemic, Libra has aggressively increased its payout. 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. The granddaughter of The Walt Disney Company co-founder Roy Disney has made a name for herself as one of the company's most outspoken critics. He attended Reed College, Lake Forest College and the London School of Film. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. They first backed him when he was a restaurateur and. 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. Pike is a longtime progressive activist whose biggest claim to fame in the world of liberal philanthropy is the Tides Foundation, which he founded in 1976. Keep up with trends in family philanthropy. In addition, the letter argues, a wealth tax is fair, patriotic, and would strengthen our democracy by reducing inequality. We need policy changes, Jennifer says. Theres this whole wait for a rainy day mentality, she says. In terms of process and ideology, Libras grantmaking is already pretty progressive. The letter isn't the first time that Disney has spoken out about tax reform. 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. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). 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. Join our community! Sign up for our email updates. They give through the Future Justice Fund. The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. Daughter of billionaire liberal donor James Simons, Cappell is behind the Foundation for a Just Society. Gund received the National Medal of the Arts in 1997 from President Bill Clinton for her work, which included serving as thepresident of the Museum of Modern Art in New York. 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. It felt very self-congratulatory, instead of focusing on community and the true root of Jewish philanthropy, which is to be more anonymous in your giving, says Pritzker, who distanced herself by moving to California and working as an elementary schoolteacher. The couple plan to continue #HalfMyDAF, but while its helpful, the Rishers believe its not enough. 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. But the pandemic made them rethink their approach to giving. 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. 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.. 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. 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 is energized by the momentum that is building to shift private investment and philanthropy towards a frame of economic justice, reparations, and transformation. Sunita Leeds gives through the Enfranchisement Foundation, a D.C.-based progressive grantmaker. CHICAGO (AP) Illinois' governor signed legislation Friday to repeal a requirement that parents or guardians be notified when a minor is seeking an abortion, calling it an effort to safeguard. states. As a yoga and meditation practitioner, Olins influence may be at play in this section of Katalys portfolio, which includes grants to places like the East Bay Meditation Center, the Buddhist Peace Fellowship and Insight Meditation Community of Washington. Were here to equip you with the tools you need to make a meaningful impact. 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.. 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. 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. Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Newsweekreports. 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.. 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. Bowditch is a retired Massachusetts real-estate developer. 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. 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 Studio in a School, bringing instruction and working artists directly into classrooms. 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. to become the online organizer for Barack Obama's first presidential campaign. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. Theres this whole wait for a rainy day mentality, she says. 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. J.B. Pritzker and his powerful billionaire family, including his transgender cousin, are at the forefront of pushing a radical gender ideology in schools and medical facilities, according to a new report. 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. 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. She isthe daughter of philanthropist Agnes Gund. She is president of San Francisco-based Libra Foundation, which was founded by her. Gain access to personalized support and a network of peers. Heres a look at how this new activist foundation came to be and where its going. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family . In 2016, Forbes put Hughes' net worth at $430 million. Many of these donors don't clearly position themselves as left of center, while others are more explicit in their commitments. A longtime television writer and producer, Norman Lear and wife Lyn are committed progressive activists. Gov. File Number: 201332310199. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. Over the past several years, however, Pritzker has come into more of her own inheritance, measured in the hundreds of millions. Philanthropy is changing. This early tech entrepreneur gives in a variety of areas, including progressive policy, education, libraries, and arts. To the tune of $1.4 million, Kataly backed 23 Black-led organizing outfits and racial justice movement projects like the BlackOUT Collective, Black Organizing for Leadership and Dignity (BOLD), Dream Defenders, and the Anti Police-Terror Project. Kataly's emerging mission centers on promoting social justice and racial equity in communities most impacted by injustice. He went on to receive a J.D. Soros has a net worth of $8.3 billion, according to Forbes. While Jenifer Pritzker doles out money, J.B. Pritzker is changing policy in Illinois to support the familys agenda, Bilek writes. The Prtizkers money goes toward not only the creation of new surgeries and drugs, but also toward promotion of cultural and linguistic changes to prop up these new identities and induce institutions and individuals to normalize them, writes Bilek. Advocacy money flows through NextGen America (formerly NextGen Climate). The New York Citybased nonprofit mentors the students, leading most of them to major in computer science in college and ultimately to land jobs at blue-chip companies such as Microsoft, Facebook, JPMorgan Chase and Google. I wanted to build on the legacy I was given. Working with her mother, she founded All Star Code and remains actively involved in students lives, exchanging direct messages and encouraging them to polish their LinkedIn pages. 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. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. 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. Hughes, 35, is a cofounder of Facebook. Regan Pritzker remembers the days when her mother, Susan, would be working on invitation lists and the invitations to charity events had to look a certain way. Kataly funds nearly 300 organizations, an eclectic list that ranges from the East Bay Permanent Real Estate Cooperative, which helps BIPOC communities purchase mixed-use and residential properties, and the Asian Pacific Environmental Network, a green advocacy group representing immigrant communities, to the Harvard Divinity School. 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. From @bjportraits The Billionaire Family Pushing Synthetic Sex Identities (SSI) Tablet Magazine https://t.co/2LR06p3ZvV, Partners for Ethical Care (@ethical_care) June 15, 2022. Katalys may end up proving even more so. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. Recently, theyve dipped into progressive giving with a COVID response fund to benefit undocumented immigrants and some racial justice movement funding. A mathematician and early employee at Google, desJardins gives through the Desjardins-Blachman Foundation along with his wife. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. Qualifying donors nominated nonprofits, and the Rishers selected grantees at random from a vast array of organizations, including the Alzheimers Association, the Chinese Progressive Association, Earthjustice and the Equal Justice Initiative. Hes also on the board of the Walton Family Foundation. 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. (IL-06), Regan Deering (IL-13) and . He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. (The couple were no strangers to tragedy: Their 24-year-old daughter had. 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. When you look at the crises in aggregate, what were seeing is an inability to recover. Decades ago, when Agnes Gund was just beginning to explore charitable giving, her mentor, the late philanthropist Irene Diamond, provided seminal advice. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. She is also turning her attention to climate change, citing artist Maya Lins installation Ghost Forest in Madison Square Park as inspiration.
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