EndowNow: Shifting resources, ceding power, and transforming the philanthropic sector
Racial justice movements are in for the long haul. Their resources should be too.
Using CRT dog whistling to attack racial justice and public education, those stoking racial division and advancing political agendas are attacking the Black, Brown and Indigenous community organizers who have brought liberatory and anti-racist education to districts and states across the country.
A game-changing approach is emerging that can sustain racial justice organizations to beat this kind of backlash and advance a racial justice movement. This session covers the establishment of managed endowment funds for organizations to raise their own revenues indefinitely – finally sustaining a movement that has always done more with less.
Participants had the opportunity to ask questions and get a better understanding of how endowing Black-led non-profits is a transformational way to shift power and resources for long-term systems change. Learn more about Schott’s EndowNow initiative here.
This session was held at Harambee 2022, a conference held by the Association of Black Foundation Executives (ABFE).
- Dr. John H. Jackson, Schott Foundation for Public Education, President and CEO
- Derrick Johnson, NAACP, President and CEO
- Zakiyah Shaakir-Ansari, Alliance for Quality Education/Journey for Justice Alliance, Advocacy Director
- Lee Christian Parker, J.P. Morgan Private Bank, Executive Director and Banker
- Diana Tate Vermeire, Schott Foundation for Public Education, Senior Vice President of Strategy
“They’re in it for the long haul. Their resources should be too.” — Dr. John H. Jackson
Lee Parker: “Why would a donor engage with a non-profit but not resource them for their whole journey?”