The Libra Foundation is committed to a vision of society that uplifts and empowers all people. Bottom-up movement grantmaking is integral to Katalys programmatic approach, and it was also the primary lens for a round of rapid-response grantmaking undertaken in 2020 to bolster the emergent movement energy that followed George Floyds murder at the hands of police. In a March 2019 interview with The Cut, Disney stayed mum on the exact size of her inheritance but noted that she could be a billionaire if she wanted to, adding that she has donated $70 million over the past 30 years. 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. . 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. 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. He appointed a task force to show local school districts how to strengthen protections for transgender, nonbinary, and gender nonconforming students.. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. Reginald went on to become a prominent corporate-takeover financier, a self-made multimillionaire and the first Black man to own a company with more than $1 billion in annual revenues, TLC Beatrice International Holdings Inc., before his death at age 50 from brain cancer in 1993. Kataly seeks to boost community ownership and governance in alliance with social movements. Subscribe to our newsletter! Eldridge was born in Canada and is married to Facebook cofounder Chris Hughes, who also signed the letter. Blanks former husband, Arthur Blank, co-founded Home Depot. Beneficiaries include environmental policy organizations. Private individuals with wealth shouldnt be the ones determining where community resources should go.. Jennifer Pritzker, (right), shown here with Brenda Cossman, director of Bonham Centre for Sexual Diversity Studies at University of Toronto, is a biological male who uses philanthropic donations of push radical transgender ideology. 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. 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. 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. His grantmaking is picking back up again lately and prioritizes civil rights and community work. Read more: Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it. In terms of process and ideology, Libras grantmaking is already pretty progressive. Shes also the donor behind the Art for Justice Fund. She isthe daughter of philanthropist Agnes Gund. 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. View People Named Regan Pritzker in California. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Keep reading to learn more about the 18 known people who asked for a wealth tax, listed in alphabetical order. She is active in the JustTransition movement, taking leadership in moving progressive wealth holders and philanthropists to rethink their ethical framework for private investment. The foundations Restorative Economies Fund invests in projects directly involving grassroots community partners. This allows me to make immediate impact and pivot more quickly if needed, she says. 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. 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. Gain access to personalized support and a network of peers. During the pandemic, Libra has aggressively increased its payout. The NBA legend once had a foundation, but it dissolved in the 1990s. An exhaustive report from Tablet magazine details how the wealthy family uses its philanthropic operation to drive an ideology and practice of disembodiment into our medical, legal, cultural, and educational institutions.. Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. When you look at the crises in aggregate, what were seeing is an inability to recover. , building their fortune from the Hyatt hotel chain. Rosenstein also helped develop Google Drive, GChat and Facebook pages, according to his LinkedIn profile. She supports racial justice organizing through the Daphne Foundation and has been critical of corporate compensation at the Walt Disney Company. that Hanauer is a longtime critic of America's income inequality. 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, philanthropists are revamping their protocols. Regan also serves as co-chair of Global Greengrants Fund, a global network of donors and activists supporting communities to protect their ways of life and our planet. Regan Pritzker remembers the days when her mother, Susan, would be working on invitation lists and the invitations to charity events had to look a certain way. Founded by her parents in 1987, the foundation primarily supports criminal-justice reform, education, gender and reproductive equity, Jewish causes and Israel, efforts to strengthen voting rights, and charities in the family's hometown of Tulsa, Okla. Schusterman is a businesswoman who spent a decade . 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. She served as the United States Secretary of Commerce for a term. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, Getty Images / Vaughn Ridley / Contributor. Access your favorite topics in a personalized feed while you're on the go. The margin seems small considering Pritzker spent $38 million during the past quarter compared to Bailey's $1.6 million. 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, Lewis is fostering those high standards through, Reginald went on to become a prominent corporate-takeover financier, a self-made multimillionaire and the first Black man to own a company with more than $1 billion in annual revenues, TLC Beatrice International Holdings Inc., before his death at age 50 from brain cancer in 1993. 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. A Swiss entrepreneur and billionaire, Wyss funds environmental conservation in the U.S., with additional grants going out the door to progressive policy nonprofits and intermediaries like the New Venture Fund. 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. To date, All Star Code has graduated over 1,000 students, nearly 70 percent of whom qualified for free and reduced lunch and 95 percent of whom went on to college. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. Register now: https://bit.ly/3vBtr1c . Kids With Autism Have a Message for Transit Riders. Pritzker also serves as the board chair of her family's foundation, The Libra Foundation. 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. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. She is also turning her attention to climate change, citing artist. Sir Fazle Hasan Abed The environmental justice grants also include several efforts specifically oriented toward COVID-19 relief, to which the foundation has dedicated over $7 million in rapid response funding. Eldridge, 32, is a political activist and former congressional candidate in New York, according to Vanity Fair. . It was such a fun business, but I saw no Black or Latino people participating in the core of that, she says. 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. 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. Her work at Libra, which seeks to shift traditional philanthropy, with its top-down management and frequently onerous reporting requirements, to a more relationship-based and community-minded endeavor, helped persuade her to start the Kataly Foundation in 2018. Racial, economic and environmental justice are key early priorities for Kataly. Weve been showing up at a significant enough scale to get peoples attention in the philanthropy world, and therefore to serve as an invitation to others. Theres also a focus on food systems, workers rights and, most of all, BIPOC empowerment. Shes a frequent Democratic donor and backs environmental groups like Earthjustice. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. from the University of Chicago. 4 The extended Pritzker family is estimated to be worth over $32.5 billion. The language around systemic racism has been really empowering, she says. Those include funding environmental initiatives and solving America's climate crisis; fueling economic growth; and providing funding for public health care. J.B. Pritzker, in 1966 photo. Career Indeed, encouraging new and existing donors to give in more democratic ways is a core goal at Kataly, which is meant to be philanthropy-facing. Where donor organizing is concerned, Pritzker said, our big frustration is that wealth accumulation is metastatic, and its getting worse under COVID. Meanwhile, she went on, were still seeing laziness around an analysis of where resources should go, and defaulting back to the big, white-led organizations that have not managed to get us out of the problems were in because theyre not willing to confront the most provocative question, which is how does our economy serve our future?. The need for generational movement funding was one reason Kataly and a group of other fundersincluding some big newcomer donors to this workjoined the Libra Foundation last year to set up the Democracy Frontlines Fund. 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. And that money is substantial. She may be related to some of the most prominent figures in conservative philanthropy, but this Wisconsin-based heiress has charted a different course with donations to progressive women'srights groups and Democratic political contributions. Annual IP membership required. Illinois Gov. In terms of process and ideology, Libras grantmaking is already pretty progressive. from the University of Chicago. The couple support progressive advocacy and movement groups, and have been active with the Democracy Alliance. Hughes, 35, is a cofounder of Facebook. This is the moment. Gov. Keep up with trends in family philanthropy. Norman Lear co-founded People for the American Way, and the Lear Family Foundation frequently supports progressive advocacy, including for the environment. That story has always been with me.. Munger is a Harvard Law graduate who works as a civil rights attorney in Pasadena, California, according to the Los Angeles Times. When I started All Star Code, I had to explain the entire history of segregation in this country and make a link from segregation to the wealth gap to entrepreneurialism and to the business sector and to boys and girls. In 1977, when the citys dire financial situation led to art classes being slashed at public schools, Gund rallied her art-world friends to help create Studio in a School, bringing instruction and working artists directly into classrooms. Recently, theyve dipped into progressive giving with a COVID response fund to benefit undocumented immigrants and some racial justice movement funding. Marilyn and Jeffrey Katzenberg Foundation 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. Gund also continues to personally donate to nonprofits that she loves and adores in the field, such as Puppies Behind Bars, which trains prison inmates to raise service dogs for wounded war veterans and first responders. 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. 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 Giving USA Foundation. They include the environment; youth, arts, and education; corporate and market campaigns; and alternative media. 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. Both Tompkins Buell and current husband Mark Buell are prominent Democratic donors, and she maintains a close relationship with the Clintons. In 2016, Forbes put the Pritzker family's net worth at $29 billion, making them the seventh-richest family in America at the time. 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. Keep up with trends in family philanthropy. Ryan is an investor and businessman who gives through the Schooner Foundation. Heres a look at how this new activist foundation came to be and where its going. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. She created the Kendeda Fund in 2003, but only came to light as its principal donor in 2015. Regan works with her family and advisors to align the Libra Foundations and her personal assets with progressive and radical values through investment, philanthropy, and political giving. 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. Join our community! 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.. Stein is the current President of the Moriah Fund, having succeeded his mother and Fund co-founder Mary Ann Stein. Among those patrons are the Gettys, the Pritzkers and the Fishers, whose families made their respective fortunes in oil, hotels and fashion. Of the 19 people who signed the letter, one chose to remain anonymous. He was also a philanthropist, bestowing millions upon, The aftermath of George Floyds murder has spurred her to more action: Lewis recently cofounded Giving Gap, formerly known as, With her siblings, Pritzker served somewhat halfheartedly on the, Her work at Libra, which seeks to shift traditional philanthropy, with its top-down management and frequently onerous reporting requirements, to a more relationship-based and community-minded endeavor, helped persuade her to start the, Kataly funds nearly 300 organizations, an eclectic list that ranges from the, Since 2017, the New York City doyenne of philanthropy has spent more than $100 million fighting mass incarceration with her, In 1977, when the citys dire financial situation led to art classes being slashed at public schools, Gund rallied her art-world friends to help create, That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. Penny is his older sister and she also became involved in politics. 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. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. 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 letter isn't the first time that Disney has spoken out about tax reform. The hotel heiress Regan Pritzker and her husband, Chris Olin, created the Kataly Foundation in 2018 with $445 million in assets. The Prtizkers money goes toward not only the creation of new surgeries and drugs, but also toward promotion of cultural and linguistic changes to prop up these new identities and induce institutions and individuals to normalize them, writes Bilek. Hes also a donor organizer who helped found what is now the Threshold Foundation. The Pritzker family is an American family engaged in entrepreneurship and philanthropy, and one of the wealthiest families in the United States of America (staying in the top 10 of Forbes magazine's "America's Richest Families" list since the magazine began such listings in 1982). This couple gives through the eponymous Heising-Simons Foundation, which boasts a climate and clean energy program, and a human rights program centered on countering the structural racism of mass incarceration and immigrant detention. 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. Progressive benefactors are also adding an urgency to their spending, eschewing foundations that operate in perpetuity and creating models to spend their entire endowment in as little as 10 years. There is some overlap between Katalys environmental justice and restorative economies grantees. Accessing these resources requires a subscription to Inside Philanthropy. The foundation has a notably short 10-to-15-year horizon to spend out its assets and directs them to communities of color. This is the rainy day. The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. All Star Code has broken this ground with tech and media companies, Lewis says, and has inspired AT&T, JPMorgan Chase, Goldman Sachs and other major corporations to contribute by serving as sites for the courses and helping with college-search and job-placement efforts. 3. A co-founder of Facebook and one-time owner of the New Republic, Hughes prioritizes economic opportunity, LGBTQ rights and global health in his giving. 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. McIntosh helped found Rachels Network. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. They fund environmental justice work through the Northlight Foundation, particularly in Alaska. I want to cede my power and my capital to marginalized communities, and to the people on the ground helping those communities. Re-evaluating traditional philanthropy, Jennifer says, is essential to creating a healthy society, but, with many of us uncomfortable talking about money, transparency is not easy. Scott has now fully emerged as one of the nonprofit lefts most deep-pocketed allies. They first backed him when he was a restaurateur and. REGAN PRITZKER Age: 46 | Connection: Daughter of Nick, granddaughter of Jack A teacher who has three children. He now serves as the Chairman of The Stride Rite Charitable Foundation. 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. The founder of eBay has a longstanding focus on global issues, such as health, education, and economic development, but also supports property rights, government transparency, and technology. 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. Comprising a network of over 25 community-rooted loan funds, Seed Commons channels resources in a way marginalized communities will be able to control, sidestepping the usual top-down governance of traditional financeand philanthropic grantmaking. But their financial machinations did not stay private for long. Agnes Gund gives through the AG Foundation, which disbursed around $22.8 million in a recent year. Rather than doubling Libras size with her own individual resources, she contemplated a distinct project, although perhaps not at Katalys eventual scale. An investor, Albright gives through the ARIA Foundation. a retired lieutenant colonel in the Illinois Army National Guard and the parent of three . After seeing Ava DuVernays documentary 13th, which draws a direct line from slavery to mass incarceration, Gund began reading about the issue and seeking out Bryan Stevenson, Michelle Alexander and other experts. NCFPs Trustee Education Institute provides a comprehensive overview of the important legal, investment, ethical, grantmaking, and family dynamics issues facing family foundation board members and CEOs. Co-President, The Libra Foundation; Co-founder, Kataly Foundation. Hunt, Hunt-Hendrix is an important next-gen figure in progressive donor organizing, bringing her Occupy Wall Street experience to bear as a founder of Solidaire and Way to Win. The founding of the Kataly Foundation in 2018 was a manifestation of her effort to move along that continuum of alignment. I dont have to do that anymore.. Compared to its restorative economies funding, Katalys environmental justice grants are smaller but more numerous, most coming in at either $45,000 or $150,000. [5] Career [ edit] Were here to equip you with the tools you need to make a meaningful impact. Learn More Team Staff Strategic Advisors pists are revamping their protocols. Hanauer, 60, is an entrepreneur and investor. Regan Pritzker The daughter of Nicholas and Susan Pritzker, Regan is following in her parents' footsteps via the Kataly Foundation, founded in 2018 to fund social justice and racial equity work in communities most impacted by injustice. That sense of urgency has propelled Gund, a white heiress to a banking and real-estate fortune, to become a leader in the fight for criminal-justice reform. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. That trend, operating alongside wealth inequality unparalleled in living memory, has generated speculation about a new golden age of philanthropyin numerical termsbefitting what weve called a new Gilded Age. Apply to join the directory. 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. Want to get inside funders' heads? The former New York City mayors stalled presidential ambitions showed that money can only go so far; nevertheless, he remains a pivotal funder of left-leaning endeavors like reducing gun violence and shuttering fossil fuel plants. Kathryn and James Murdoch launched the Quadrivium Foundation in 2013, endowing it with nearly $10 million in assets. The Illinois-based Eychaner founded the Newsweb Corporation and gives through the Alphawood Foundation. Hes also on the board of the Walton Family Foundation. 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.

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