#PhilanthropySoWhite: California Holds Businesses to Diversity Standards; Why Not Foundations?

#PhilanthropySoWhite: California Holds Businesses to Diversity Standards; Why Not Foundations?

Soon, businesses will have to state their plans to promote opportunities for women and people of color if they want to receive tax credits from the state of California. In 2013, the Governor’s Office of Business and Economic Development (GO-Biz) began handing out millions of dollars in “California Competes” tax credits to companies who can demonstrate that they’re generating quality job opportunities for Californians, particularly in low-income areas. In the past year alone, the committee in charge of distributing the tax credits has awarded 259 companies a total of $160 million. At its last board meeting, GO-Biz announced that in November it will begin asking companies that apply for tax…
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#PhilanthropySoWhite? It’s Time for a Change

#PhilanthropySoWhite? It’s Time for a Change

What do the Oscars, the Federal Reserve, and philanthropy all have in common? Apart from wielding tremendous power, the answer is simple: they’re overwhelmingly white. We’ve all seen the hashtag #OscarsSoWhite that took off in 2015 when not a single person of color was nominated for an acting award, and that reappeared when 2016 brought more of the same. Now, #FedSoWhite is making its way around social media as over 120 members of Congress have called attention to the fact that 100 percent of the Federal Reserve Board of Governors and the Federal Open Market Committee are white (and 60 percent are men). In the world of philanthropy, made up…
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