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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. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. 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. For Regan Pritzker, a member of one of America's wealthiest families and co-founder of the Kataly Foundation, coming to grips with those questions has been a lifelong project. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. HAPPENING TODAY AT 2 PM ET: Our Chair Stacy Schusterman will join Chronicle of Philanthropy editor Stacy Palmer as well as philanthropists, Anne Earhart and Regan Pritzker, for a conversation about trends in philanthropy. 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. Browse the listings for your next project. Like her sister Nancy Bagley, Nicole Bagley serves on the board of the Area Foundation, founded by their grandmother. Photo: STILLFX/shutterstock. We were highly aware of all the money stuck in DAFs. 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. She is on the Democracy Alliance board and has also held leadership roles in Planned Parenthood and the Democratic Party itself. He attended Reed College, Lake Forest College and the London School of Film. The solutions we need rest in communities impacted by systemic injustices; their work is often rooted in cultural traditions that they reclaim and apply in new and innovative ways. Get the Robb Report newsletter for similar stories delivered straight to your inbox. Katalys may end up proving even more so. Gov. 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. Of the 19 people who signed the letter, one chose to remain anonymous. Hedge fund manager John Burbank founded the Passport Foundation, which shares a name with his San Francisco-based investment company, Passport Capital. We recognize that while we are resourcing projects to address systems and structural change, systems are made up of people, Agbo said. Facebooks failings have tarnished Zuckerbergs reputation for many. Kataly Foundation Partners : Amplifier Soros, 34, is the son of billionaire financier and philanthropist George Soros, who also signed the letter. 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. How the next-gen Pritzkers are spending the family fortune The son of New York investor Joseph P. Mailman, Joshua Mailman is a longtime impact investor who gives through the Joshua Mailman Foundation. At home, interests include progressive media, the environment and judicial reform. 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. San Francisco, CA 94129. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. 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. Eldridge, 32, is a political activist and former congressional candidate in New York, according to Vanity Fair. eputy chair of the Open Society Foundations, a nonprofit founded by his father. 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 Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. The Bay Area is a priority. They've set their sights on a variety of causes, most notably the environment. The Bay Area real estate billionaires (and their children) are familiar faces in the regional philanthropy scene. 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. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. Mark Mann Regan Pritzker grew up in Chicago, vaguely suffocated by seeing her famously philanthropic family's name on. Steyer is well-known for his environmental giving, which encompasses both 501(c)(3) strategies as well as significant political funding. Among those patrons are the Gettys, the Pritzkers and the Fishers, whose families made their respective fortunes in oil, hotels and fashion. He attended Reed College, Lake Forest College and the London School of Film. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. 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. 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. Karen Pritzker Age: 53 Primary residence: Connecticut Married, four children Occupation: Philanthropist Activities: A former editor at Working Mother and McCall's magazines, she is a co-founder. While Jenifer Pritzker doles out money, J.B. Pritzker is changing policy in Illinois to support the familys agenda, Bilek writes. to become the online organizer for Barack Obama's first presidential campaign. 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, Jennifer worked for Microsoft early in her career, as did David, and has long shared her largesse with organizations such as, 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. 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. 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. He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. 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. 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. 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. A UPS heir, John Swift started the Swift Foundation in 1999. There is some overlap between Katalys environmental justice and restorative economies grantees. 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. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. Keep up with trends in family philanthropy. Pritzker also serves as the board chair of her family's foundation, The Libra Foundation. Silberstein founded library technology company Innovative Interfaces, according to Ballotpedia. The foundation has a notably short 10-to-15-year horizon to spend out its assets and directs them to communities of color. He has long been a vocal Democrat and progressive, and backed Bernie Sanders 2016 presidential bid. netted him a fortune, which he employs to support causes like LGBTQ rights, gun violence prevention and civic programming in Los Angeles. Hanauer, 60, is an entrepreneur and investor. This familys construction company is notable for its work on both the original World Trade Center and Freedom Tower. 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. 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. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. How eight elite San Francisco families funded Gavin Newsom's political 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. 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. 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. 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. 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. 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. 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. Private individuals with wealth shouldnt be the ones determining where community resources should go.. 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. The Kataly Foundation is supporting recovery and resilience with a trust-based, equity-focused approach that others may find instructive. Staff of the Boston Impact Initiative, an integrated capital fund working to close the racial wealth divide in Eastern Massachusetts. 03 Aug 2022 Instagram co-founder Mike and wife Kaitlyn are interested in criminal justice reform, as well as U.S. policy, science and global health and development. 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. Rather than focus primarily on federal or state policy advocacy, Kataly has taken the road less traveled in progressive philanthropy, supporting local practitioners of community ownership and governance of resources. His grantmaking is picking back up again lately and prioritizes civil rights and community work. He has a masters degree from UC Berkeley and serves on the board of the university's Goldman School of Public Policy. 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. It feels a little different than having a very top-down mandate with a mission thats then carried out by people slotted into very particular roles, Pritzker said. 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. This, And so they have: In May 2020, the couple joined with. 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.. 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. Pritzker Simmons and her mother Irene support similar causes through the IDP Foundation. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. While some have transparent foundations, many more do their giving in an opaque fashion that can frustrate fundraisers. 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. (Regan chairs Libra's board, and her mother, Susan, serves on Kataly's board.) 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. Were here to equip you with the tools you need to make a meaningful impact. She is the wife of fellow signee Robert S. Bowditch. Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. Interests include climate change mitigation and clean energy. She is also turning her attention to climate change, citing artist. Join our community! The foundations grantmaking interests encompass racial justice, womens rights, environmental justice and drug reform policy. Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. Embrey serves as President of the Embrey Family Foundation and is on numerous nonprofit boards, including that of the Democracy Alliance.
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