Benjamin Todd Jealous

"A small group of about 10 writers, researchers and web development ninjas are launching an ambitious effort to preserve key climate data that the Trump administration has taken offline, including a landmark, congressionally mandated report and the contents of the climate.gov website." https://lnkd.in/eMR7Gj6f

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What if philanthropy's full financial power isn't being harnessed, or worse, is working against itself and against our best interests? What if this massive, tax-subsidized effort is at odds with people and the planet? We believe in the immense power of philanthropy to drive positive change but what if it often isn't? And how would we even know? ​ We recently conducted deep-dive analyses into the investment portfolios of a few major foundations who have made their investments public, using their own missions as the benchmark of success. These foundations are showing a significant amount of courage today in being transparent about their investments. They aren't required to do so, and very few foundations actually do make them public. So first, I want to applaud them for taking a step they don't have to take. That step made these analyses possible, and like most transparency, it can lead to uncomfortable conversations. The findings were staggering. ​ In one analysis of a prominent foundation focused on tackling major global challenges like social inequality, climate change, and international conflict, we found that over 40% of its multi-billion-dollar endowment was in "Counter-Mission" investments. This included private equity funds dedicated to expanding fossil fuel infrastructure and activist hedge funds that were publicly demanding mass layoffs at companies—using the foundation's capital to do so. ​ Another analysis of a foundation that had famously pledged to divest from fossil fuels found its portfolio still contains oil refiners, service companies, and several major banks that are the world's largest financiers of the fossil fuel industry. ​ These aren't isolated oversights; they represent a systemic paradox where the financial engines of foundations often fuel the very problems their grantmaking aims to solve. We have developed a draft piece of legislation we are calling the Foundation Accountability and Investment Reform (FAIR) Act. It is designed to close this mission gap with a constructive, common-sense approach: ​ Transparency: Requires foundations and DAFs to publicly disclose their investment holdings Alignment: Creates a clear framework for foundations to classify investments based on their mission, guided by an expert advisory board Incentives: Rewards mission-aligned investing and provides a "safe harbor" period for foundations to divest from conflicting assets before any penalty is considered ​ This is a draft and we believe this is a crucial conversation for the future of the philanthropic sector. We are now seeking discussion, feedback, and collaboration from leaders in philanthropy, finance, non-profits, and public policy to refine this data-driven proposal. ​ Our goal is to strengthen the sector's integrity and dramatically increase its positive impact. We welcome your thoughts. You can read the summary here:  https://lnkd.in/g-DdK-9A You can read a rough draft of the legislation here:  https://lnkd.in/gqwhYnQJ

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Metrics That Will Save Fundraising Fundraising needs saving because: ▫️ It is increasingly reliant on fewer and fewer and older and older donors to post “record numbers” ▫️ It is an artifact of a different time when trust in institutions was much higher, when the middle class was more robust and flush with disposable income ▫️ It is a form of harvesting which assumes crops plant and nurture themselves or that harvesters can grow crops with only a scythe ▫️ Philanthropy can only be nurtured with seeds of hope and possibility, patient persistence, and differences made In short, fundraising is running short of funders and fundraisers, try as they might, don’t really “acquire” donors; that’s why they report their greatest challenge is “getting the first appointment.” This is evidence of eroding community. In this week's newsletter I address how we can build or restore community and the metrics that will allow us to create the conditions for a reversal of the current fundraising trends. It's free: https://t.ly/bqoKF

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