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Strengthening nonprofit organizations is not just a nice-to-have but an essential part of our work as grantmakers to ensure that nonprofits have the resources they need to address today’s most pressing social concerns. Indeed, the vast majority of staffed foundations — 86 percent — do just that, invest in organizational strengthening in areas such as leadership, fundraising, evaluation, communications and technology.
While capacity building is a critical part of our work, traditional models of capacity building tend not to account for culture, systems and power in their design, too often “rendering them inadequate for communities of color.” The limitations of models that do not consider dynamics of power and issues of equity have never been more apparent than they are now. At the time of this writing, we are navigating a deadly global pandemic and bearing witness to massive protests for racial justice, both of which are bringing renewed attention to the deep and persistent racial inequities that exist in society writ large, including within philanthropic institutions.
In the midst of these seismic societal shifts, our field is taking stock of how we as individuals and institutions are participating in systems that perpetuate inequity, engaging in deep dialogue and reflection on how we can do better, and adopting more equitable and transformative philanthropic practices. And although we must make changes across the breadth of our institutions to become more equitable, capacity building is a particularly powerful case study of how racial inequities show up in our practices and how we can take intentional steps to mitigate those inequities.
CNJG is pleased to offer a new member benefit: ValuesAdvisor. Many foundations now recognize that the investments made from their corpus have the power to support their mission, but don’t know how to take the first step: finding a trusted financial advisor with the right expertise. We now offer you free access to ValuesAdvisor, a nonprofit, online, searchable database of peer-recommended financial advisors who have the expertise you need. You can learn more about the platform by watching this short, 3 minute video. In this webinar with ValuesAdvisor Co-Founder Kate Simpson, you will learn about how the platform can be used to further your mission (climate, DEI, place based, etc.).
This webinar pairs nicely with CNJG’s Impact Investing Bootcamp series.
COST: Free for CNJG Members
Webinar Video
The Council of New Jersey Grantmakers is the center for philanthropy in New Jersey, serving the leading independent, corporate, family and community foundations as well as public grantmakers of our state. We support our members by strengthening their capacity to address New Jersey and society’s most difficult problems. We also access the resources of the philanthropic community – funding, expertise, leverage - to provide leadership on statewide issues.
Vision
CNJG envisions a healthy, thriving, and civically engaged New Jersey where people of all places, racial identities, socio-economic backgrounds, abilities, and identify expressions are valued for their gifts and talents, and we can all reach our full potential and participate generously in the common good.
Mission
The Council of New Jersey Grantmakers supports and elevates New Jersey’s philanthropic community through shared learning, collaborative and trusting relationships, network building, and leadership.
CNJG extends philanthropy’s contribution to a changing society.
Philanthropy is dedicated to the public good. It joins the public and private sectors to improve the wellbeing of individuals and communities across the U.S and the world. The Council of New Jersey Grantmakers is the network of and for philanthropy in our state.
Our members elevate their practice of philanthropy by working with their donor colleagues and learning from experts in their field. CNJG is able to broker partnerships and alliances to solve problems, leverage shared resources, and forge sustainable solutions to bring about long-term change. This is essential when faced with fragmented systems, insufficient resources, and needs that seem only to be growing.
Whether you are a funder meeting society’s most urgent needs, addressing how sectors operate at a systems level or focused on problem solving and influencing policy, CNJG can help you maximize your impact.
A Virtual Discussion Series to Activate Collective Action
This is a three part series being held March 26, April 30, & May 29 from 2-3:30pm.
In this moment of rapid change and uncertainty, many in philanthropy are scrambling to figure out what to do next. While a handful of foundations have taken swift action to support grantees – including significant moves to increase payouts – there isn’t yet a groundswell of coordinated action. Meanwhile, nonprofits are going into strategy-and-survival mode to keep their work afloat as our communities face unprecedented challenges.
Amid all this confusion, one thing is clear: philanthropy has a critically important role to play in this moment. As many leaders are pointing out, now is the time for philanthropy to lean into trust-based principles and rise up in solidarity with nonprofits that are working on the front lines of every issue facing our communities. While trust-based philanthropy was not designed as a crisis response strategy, it is exactly in these moments when this approach can be leveraged for impact.
Join the trust-based philanthropy community for a virtual discussion series as we break down insights and recommendations for how funders can meet this moment to support the strength and resilience of our communities. Over time, we have built a collective movement of funders who see the inherent value of partnering alongside nonprofits to meet the needs and dreams of our communities. Now is the time for us to tap into our collective power to ensure that we can weather this storm together.
Register using the above link. Once your registration has been reviewed you will receive a calendar invite to save the dates. A Zoom link will be provided closer to the session's date.
Amalgamated Bank is America’s socially responsible bank that specializes in supporting social change organizations, companies, and people working to make the world more just and sustainable. Nearly 100 years ago, immigrant women union members founded Amalgamated to provide banking service to their own community and to send money back to their mother countries. Since our founding, Amalgamated has been explicitly committed to environmental justice, economic inclusion, and the rights of working people. Today, Amalgamated is a full service financial institution supporting clients in 50 states across their banking, investment, and donor advised fund needs. At Amalgamated, we believe that you do not need to sacrifice services and rates to have a partner aligned with your values.
Banking and Investing With Your Values
Amalgamated Bank and its clients believe that where you bank matters. When you deposit your money at Amalgamated Bank, you know that it is being used in ways that align with your values and not invested in strategies that would further degrade our planet. Amalgamated believe that banks can be a force for good to curb climate change, advocate for gun safety, fight hate, and stand up for racial justice.
Here are some of the ways you can use your organization’s assets to build a more just and sustainable planet.
Bank with Your Values: Everyone’s bank deposits are lent out and invested in strategies that fuel our future economy. Simply, where you bank matters, because banks use your deposits to invest in other people’s ideas. It’s time to make sure that those ideas align with your values. At Amalgamated, we only invest in mission aligned companies and strategies that further a more just and sustainable planet. We lend hundreds of millions of dollars a year to clean energy, affordable housing, , sustainable agriculture, businesses owned by women, immigrants, and people of color, and more.
Invest with Your Values: Amalgamated believes that endowment and reserve account dollars should be used to achieve both a social and financial return. Our investment team specializes in risk adjusted options that screen out extractive industries and channel those resources to mission aligned strategies.
Give with Your Values: Amalgamated’s donor advised fund and pooled fund strategies help you move money to the causes you care about. Donors are able to move grants with ease using our innovative technology and financial acumen. Institutional funders are able to rely on our expert back office to manage their pooled and collaborative funds.
How Amalgamated Helps PSOs and Foundations
Amalgamated Bank is collaborating with United Philanthropy Forum and its members (including CNJG and its members) to offer preferred banking services. Every banking relationship is different, but Amalgamated and the Forum are committed to reducing costs, increasing returns, and improving financial operations. Specifically, CNJG members can expect:
- Discounted banking, depending on the organization’s specific needs
- Preferred private banker who understands the specific needs of PSOs and foundations and mission aligned investing strategies
- Full fee and rate analysis before you move to understand the financial gains of switching to Amalgamated Bank
- Consultation on credit needs including working capital, corporate credit cards, and more
- Bespoke portfolio development for ESG investment products
Learn More
To learn more about partnering with Amalgamated Bank, please visit their website or contact Caitlin Duffy, First Vice President of Philanthropy Banking, at [email protected] or (202) 721-0775.
The Council of New Jersey Grantmakers is the center for philanthropy in New Jersey, serving the leading independent, corporate, family and community foundations as well as public grantmakers of our state. We support our members by strengthening their capacity to address New Jersey and society’s most difficult problems. We also access the resources of the philanthropic community – funding, expertise, leverage - to provide leadership on statewide issues.
Guiding Beliefs & Principals
The Council of New Jersey Grantmakers believes:
- Philanthropy contributes to a thriving democracy and is a privilege and a responsibility.
- Grantmaking is a partnership with grantees and the public, conducted in the public trust.
- Philanthropy must be undertaken seriously and responsibly, adhering to all laws and principles of fiduciary responsibility.
- Thoughtful grantmaking is informed by different perspectives, opinions and experiences.
In accordance with these beliefs:
- We deal respectfully and courteously with our applicants, grantees and donors as well as with those seeking information about our programs. We honor the confidentiality of our applicants, grantees, and donors and exercise discretion in our communications.
- We are clear and accessible about our goals and grantmaking processes and make information about our application requirements, funding priorities and programs available on a timely basis.
- We adhere to the highest ethical, legal and fiduciary standards in our operations. We recognize and disclose conflicts of interest and work to avoid perceived conflicts of interest. We maintain active oversight of all financial and investment matters.
- We regularly assess our mission and practices, including periodic review of priorities, policies, board activity, communications and the impact of our grantmaking.
- We seek to continually educate ourselves and expose ourselves to different perspectives, opinions and experiences, and, where appropriate, to share our learning and experience with our grantees, the public and government officials.
To support New Jersey’s philanthropic community in adhering to these principles, the Council of New Jersey Grantmakers provides opportunities for learning, through on-going programs, the sharing of best practices and lessons learned, and information about federal and state laws and regulations. CNJG is mindful that its members have individual charters and varying levels of staff and Board capacity, and we conduct our ongoing conversation about “best practice” with these differences in mind. Adopted July 2005