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. Philanthropy is changing. states. The NBA legend once had a foundation, but it dissolved in the 1990s. He attended Reed College, Lake Forest College and the London School of Film. 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. An heiress to the Pritzker family fortune, Simmons has a net worth of approximately $600 million, according to a 2013 Forbes article. 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. Shes also the donor behind the Art for Justice Fund. 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. Chairman of The Stride Rite Charitable Foundation. An early tech winner with Quark, Gill went on to become one of the top LBGTQ philanthropists of recent times and is still going strong with the Gill Foundation. Bohnetts career as an early internet entrepreneur (remember GeoCities?) 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. . The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. 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. 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. 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. Michael and Sukey Novogratz donate through Galaxy Gives, which takes its aim at barriers created by structural poverty, oppression, and racism. The team does see connections between this component of Katalys work and its systems change grantmaking. 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. Crucially, Agbo notes, Katalys program directors come out of direct lived and movement-building experience, which helps them build trust. Shes the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. 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. Kataly Foundation, Founded in 2018. 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. 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. . A granddaughter of oil baron H.L. 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. We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . Embrey serves as President of the Embrey Family Foundation and is on numerous nonprofit boards, including that of the Democracy Alliance. The former often benefit organizations working for community control of land and resources, such as the Earthseed Land Collective, the Federation of Southern Cooperatives and the Highlander Research and Education Center. 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. 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. 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. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. 3 Nicholas Pritzker is also the co-founder of Tao Capital, whose early investments included Uber, Tesla, and SpaceX. Accessing these resources requires a subscription to Inside Philanthropy. Kids With Autism Have a Message for Transit Riders. The signatories support the wealth tax for six reasons, according to the letter. Gain access to personalized support and a network of peers. Register now: https://bit.ly/3vBtr1c . 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. Many of these donors don't clearly position themselves as left of center, while others are more explicit in their commitments. 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. Hes also a donor organizer who helped found what is now the Threshold Foundation. 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. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. But the pandemic made them rethink their approach to giving. But when they eagerly asked if they are part of All Star Code and Giving Gap, her response reflected another value she inherited from her parents and hopes to pass along: hard work and fierce independence. Through the Panta Rhea Foundation, this investor has supported numerous liberal and progressive causes along with his wife Lisl. 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. 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. Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. We need policy changes, Jennifer says. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. Alongside his sister Susan, Sandler continues to bankroll progressive organizations. But a first step to approaching these donors is to know who they are. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. Scott has now fully emerged as one of the nonprofit lefts most deep-pocketed allies. Blue Tent members can receive a25%discounton this subscription by using the codeBLUETENT. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family in America at the time. 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. Today, Swift is an environmental funder that predominately funds work arising from Indigenous people and their local communities. Abroad, the foundation backs peace and security efforts, economic opportunity and human rights. 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. Subscribe to our newsletter! Nevertheless, the couples giving through the Chan Zuckerberg Initiative trends moderately progressive, with grants for anti-poverty research and community advocacy in California. 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. Katalys rapid response effort segues with its plans to resource Black and native-led organizations in a generational way, engaging with movement leaders not as a fad or a one-time response, but over the long haul. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. Apply to join the directory. Philanthropist George Soros, 88, made his fortune running Quantum Fund, which was once the largest hedge fund in the world. 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 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. So many of our problems are all connected to this broader, unacknowledged history of racism in America, she says. As for her own legacy, Lewis is mindful of teaching her three young children the importance of collaboration and helping others, often bringing them to events. 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. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo.
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