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. Libras expanding profile has much to do with Regan herself, who worked for years to shape the family philanthropys approach as a member of the foundations board. For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. We need policy changes, Jennifer says. As a philanthropist shes been a friend to progressive nonprofits and takes an intensive personal involvement in JPB. 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. Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. A decade later, it tripled in size as it absorbed assets from Swifts mothers foundation. She is wonderfully impatient. 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. At home, interests include progressive media, the environment and judicial reform. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. 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 Foundation, Founded in 2018. Mark Mann Regan Pritzker grew up in Chicago, vaguely suffocated by seeing her famously philanthropic family's name on. Pritzker also serves as the board chair of her family's foundation, ofounder and principal of impact investing firm Blue Haven Initiative alongside his wife and fellow signatory Liesel Pritzker Simmons, according to the firm's. The son of Renaissance Technologies co-founder James Simons, Nat Simons moves money through the Sea Change Foundation. He also funds Jewish causes through the Ricky and Andrew J. Shechtel Philanthropic Fund. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as Give Blck, a platform connecting donors to over 700 Black-founded nonprofits. Jennifer worked for Microsoft early in her career, as did David, and has long shared her largesse with organizations such as Planned Parenthood, the United Way and NPR. 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. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. Many of these donors don't clearly position themselves as left of center, while others are more explicit in their commitments. Last August, Pritzker signed into law a new public schools sex education bill that promotes gender identity ideology and other related material in grades K-12. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. Were at a point of inflection for philanthropy. Career 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. An heiress to the Pritzker family fortune, Simmons has a net worth of approximately $600 million, according to a 2013 Forbes article. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. 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. In 2018, Forbes reported that Rosenstein is worth $150 million from his shares in Facebook. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. One factor that led Pritzker to dedicate so much of her wealth to this new enterprise was her encounters with the work Agbo and others were spearheading around restorative economics. After seeing Ava DuVernays documentary, 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. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. Munger is a Harvard Law graduate who works as a civil rights attorney in Pasadena, California, according to the Los Angeles Times. Spurred by the Covid-19 crisis, Americas racial reckoning, increasingly frequent climate disasters and a profound sense that traditional ways of giving are insufficient to meet burgeoning needs, donors are re-examining not only what but how they give. J.B. Pritzker, they wrote an . The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. on a black and white TV in my . Hanauer, 60, is an entrepreneur and investor. Transit agencies across the country are broadcasting public service announcements recorded by children with autism for Autism Awareness Month . Keep up with trends in family philanthropy. 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. In terms of process and ideology, Libras grantmaking is already pretty progressive. The team does see connections between this component of Katalys work and its systems change grantmaking. And that money is substantial. 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. In 2019, he issued an executive order titled Strengthening Our Commitment to Affirming and Inclusive Schools, to support trans children. He has a masters degree from UC Berkeley and serves on the board of the university's Goldman School of Public Policy. An investor, Albright gives through the ARIA Foundation. 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. She is married to author and progressive thought leader Steve Phillips. Pritzker also serves as the board chair of her family's foundation, The Libra Foundation. In 2012, she advocated for a tax hike in California to boost funding for the state's public schools. 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. To offset obstacles imposed by structural racism, Kataly provides non-extractive loans, permitting financial loss in return for greater social impact. Marilyn and Jeffrey Katzenberg Foundation All of the individualslisted here have a history of supporting progressive organizations. 1 Letterman Drive Suite C4-420. 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. The son and daughter-in-law of the legendary investor, these Buffetts founded the NoVo Foundation, which funds womens rights and anti-violence efforts across the globe. Rather than the returns coming back into Kataly, returns are distributed and moved out into the community.. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. 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. But their financial machinations did not stay private for long. McIntosh helped found Rachels Network. Philanthropy is changing. From the start, Pritzker knew she wanted to set up a giving vehicle distinct from Libra, which she described as a shared project with her parents and siblings. At Kataly, she said, Were still developing what it looks like to have enough liquidity in the endowment investing so we can move grants at the scale we want to move them, while trying to minimize the conflict in our investing. In that context, the rough 10-year timeframe for spending down is a way for the team to stay disciplined about moving money. Regan Pritzker Board Member, Libra Foundation Investor Services Libra Case Study Social Enterprise Amplifier recognized an extraordinary program inside our organization and helped us make it visible on the global stage. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. In addition to green mainstays like the NDRC and Greenpeace, the foundation backs progressive advocacy groups like the Alliance for Justice. 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. 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. Check out IPs directory of philanthropy and fundraising consultants. The Bay Area is a priority. The goal is to spend down (or spend out, as Pritzker prefers to say) within roughly 10 years or so. Norman Lear co-founded People for the American Way, and the Lear Family Foundation frequently supports progressive advocacy, including for the environment. eputy chair of the Open Society Foundations, a nonprofit founded by his father. Its fortune arose in the 20th centuryparticularly through the founding and expansion of the Hyatt hotel . The letter isn't the first time that Disney has spoken out about tax reform. 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. 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. The third of Katalys primary program areas is Mindfulness and Healing Justice, where Pritzkers husband Chris Olin has focused his efforts. 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. 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. Youll have to start your own. . 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. This is the moment. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. Going forward, itll be vital for Kataly not only to help its grantees sustain themselves, but to expand their collective movement and its funding sources. 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. Subscribe to our newsletter! 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. 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. Philanthropist George Soros, 88, made his fortune running Quantum Fund, which was once the largest hedge fund in the world. When I look at philanthropy, its white people of privilege controlling the wealth, she says. But the pandemic made them rethink their approach to giving. 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. I dont have to do that anymore.. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. View People Named Regan Pritzker in California. His parents are Sue and Donald Pritzker. 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.

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