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This work is a joint project of Bridgespan Social Impact, the Global Impact Investing Network (GIIN), PolicyLink, and CapEQ.
Since the social unrest over racial injustice in the summer of 2020, philanthropists, corporations, and impact investors across the United States pledged to invest billions of dollars to advance racial equity. However, recent scrutiny of those commitments reveals that the majority of those dollars remain on the sidelines.
A common hypothesis for the shortfall is the lack of investable “shovel-ready” opportunities. But Bridgespan Social Impact has formally and informally advised organizations seeking to invest for racial equity over the years, and found that hypothesis to be patently untrue. To make the case, Bridgespan is publishing this list of racial-equity funds that emerged from our experience, at the request of multiple funds and potential investors, and alongside the launch of a new racial-equity theme in the IRIS+ family of impact measurement and management guides. It comprises more than 160 funds that explicitly seek to improve the livelihoods of individuals who are Black, Indigenous, and people of color (BIPOC) and their communities. And we’re not done yet.
What is racial-equity investing?
In putting together this list, we chose to characterize “racial-equity investing” as directing capital toward creating equitable opportunities for BIPOC individuals and communities. That often requires shifting decision-making power and redefining risk so that capital flows more freely in service of those opportunities.
Sourcing these funds, we uncovered dozens of creative financing vehicles aimed at building power, creating economic opportunity, and improving livelihoods for communities of color.
CNJG’s listserves facilitate ongoing group e-mail discussions among subscribed members. Members can share information and expertise, ask questions, and gather opinions of colleagues across the network. Listserves also enable members to get the most up-to-date information on related programs being offered throughout the field.
These listserves can be a great resource if members participate on a regular basis. You can use the listserves to:
- Pose a question to the group.
- Discuss and brainstorm issues related to New Jersey grantmaking.
- Request assistance on a specific topic, problem or issue.
- Alert members about time-sensitive or other helpful information.
Members are automatically included in relevant listserves based on their member profiles. You can begin using the listserves to communicate with your colleagues as soon as you’d like. Please refer to the Listserves’ Membership Policies page for access to the direct email address of each listserve, information on using the listserves, and the directories of who is subscribed to each list.
CNJG now offers 25 listserves.
- Bergen Funders
- Camden Funders
- Community Foundation CEO’s (this list connects to a national listserve for Community Foundation CEO’s)
- CNJG Member CEO's
- CNJG Member CFO’s and Finance Managers
- CNJG Member Communications Staff
- COVID-19 Funders
- Culture Funders
- Corporate Funders
- Disaster Response Funders
- Education Funders
- Emerging Leaders in Philanthropy
- Environmental Funders
- Family Funders
- Food Funders
- Health Funders
- Monmouth & Ocean Roundtable of Funders
- Newark Funders
- New Jersey Census Funders
- Paterson Funders
- Racial Equity Funders
- South Jersey Funders
- STEAM Funders
- Strong and Thriving NJ Community Funders
- Trenton Area Funders
If you would like to join, opt out, have questions, comments or concerns about the listserve, please contact Craig Weinrich at (609) 414-7110 x802.
As we navigate today's challenges and opportunities, it's important that we continue to gather, exchange ideas, and move forward the causes we value. We all know how a single conversation can spark a big idea or inspire a new partnership. 
That's why you won't want to miss our much-anticipated 2024 Spring Colloquium: Empowering the Future: Harnessing AI and Data for Philanthropic Social Impact - a must-attend gathering for every funder working in New Jersey. Join us for valuable insights and opportunities to connect with colleagues and passionate thought leaders who share your commitment to driving social change.
I look forward to seeing you there and engaging in the vibrant discussions and community building opportunities that awaits us.
Thank you to the generosity of our sponsors: Signature Sponsor - PSE&G, Collaborator Sponsor - Wells Fargo, Connector Sponsors - Campbell Soup Company, Sixers Youth Foundation, and Robert Wood Johnson Foundation, and Exhibitor Sponsor - PKF O'Connor Davies. We couldn't do this without you.
We look forward to seeing you there!
Sincerely,
Theresa Jacks, President and CEO
Council of New Jersey Grantmakers
The 2017 New Jersey Foundation Benefits & Salary Report provides a valuable benchmarking resource. Developed and compiled for Council members exclusively, the report presents comprehensive benefits data specific to New Jersey's grantmaking community, alongside data from the Council on Foundations' annual salary survey. Produced every few years, this benchmarking report is a highly valued benefit of your membership in the Council of New Jersey Grantmakers.
The first section, 2017 Benefits Summary Report, includes benefits data for the 2017 calendar year and covers employment, leave benefits, insurance benefits, and more. The second section, 2016 Grantmaker Salary Tables: New Jersey, Mid-Atlantic and National Data provides data on compensation across a wide range of positions and grantmaking entities.
Nina Stack has dreamed of being a philanthropist since long before she could probably even spell the word.
As a child, Stack would fantasize about working for the United Nations. She loved "trick-or-treating for UNICEF," and the idea that she could help children who lived in such horrible conditions was profound, Stack said. "To me, naively perhaps, the UN meant there would be no more war and children wouldn’t die of starvation," she said. "In many ways, collecting donations in that little orange box was my first experience with philanthropy."
Stack loved those early experiences. Today she continues to reach out to help others. Stack is president of the Council of New Jersey Grantmakers (CNJG), which she has led since 2005. The statewide association serves as a network, advocate and resource for more than 100 foundations in New Jersey.
On this webinar, Newark funders discussed the childcare practice and policy during COVID-19 and heard front line observations on matters of mental health and domestic violence.
Speakers:
Ceil Zalkind, President and CEO, Advocates for Children of New Jersey
Beverly Lynn, CEO, Programs for Parents
Maria Ortiz, Executive Director, Student Life, Newark Board of Education
LaKeesha Eure, Director, Shani Baraka Women’s Resource Center and Chair, Newark Anti-Violence Coalition
Webinar Video
The New Jersey Council for the Humanities (NJCH) recently awarded $199,637 in Incubation and Action Grant funding to sixteen organizations. Incubation Grants help organizations plan, research, develop, and prototype public humanities projects and events. Action Grants help organizations implement a wide array of humanities-based projects, including public programs, exhibitions, installations, tours, and discussion groups.<BR><BR>
Public humanities programming allows individuals to engage in lifelong learning and share in the exploration of history, values, cultures, and beliefs. NJCH supports and acts as a resource for cultural and service-oriented nonprofit partners as they bring the public humanities to the residents of New Jersey, harnessing the power of the humanities to strengthen communities.
The Overdeck Family Foundation has announced third-quarter grants totaling $13.5 million.
Six new grants and twenty-seven renewal grants were awarded in support of cost-effective programs with the potential to accelerate improvement in key academic and socioemotional outcomes for all children. Recipients include Future City, a four-month-long afterschool STEM program for grades six through eight, which was awarded $200,000 to increase the number of under-resourced students served, diversify revenue streams, and refine data tracking and reporting practices; Teaching Lab, which will receive $200,000 to pilot a virtual, adaptive, and competency-based delivery model; and Public Impact, which was awarded $700,000 in support of efforts to restructure Pre-K–12 schools to extend the reach of excellent teachers, principals, and their teams to more students, for more pay, within recurring school budgets.