In 2015, Forbes estimated that the Gund family had a net worth of $3.4 billion and ranked them among the 100 wealthiest families in America. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, according to Forbes. Taylor is one of three liberal billionaires who founded the Wellspring Philanthropic Fund, a key funder of voter engagement initiatives, progressive think tanks and movement organizations. . We fund BIPOC-led movements working at the grassroots to build power in communities, support democratic rights, and to center those . 4 The extended Pritzker family is estimated to be worth over $32.5 billion. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. The Kataly Foundation is supporting recovery and resilience with a trust-based, equity-focused approach that others may find instructive. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). 03 Aug 2022 Strykers Arcus Foundation has been one of the LGBTQ rights movements staunchest philanthropic backers. Grantees like the Boston Ujima Project, Higher Purpose Co. and the East Bay Permanent Real Estate Cooperative are a few examples of other organizations taking a similar approach. Instagram co-founder Mike and wife Kaitlyn are interested in criminal justice reform, as well as U.S. policy, science and global health and development. Keep up with trends in family philanthropy. Its both a repudiation of and a remedy for economic practices that concentrate wealth in the hands of the already wealthy, impoverishing communities that lack the clout to secure a share. Katalys name is a window into its philosophy. She went on to share that the magnitude of her personal wealth inheritance did not feel right and that Kataly is a way to move that wealth back into the public domain.. 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.. Over the past several years, however, Pritzker has come into more of her own inheritance, measured in the hundreds of millions. Simmons is the heir to a family fortune that stems from the construction of locks on the Erie Canal, Getty Images / Vaughn Ridley / Contributor. Celebrated contemporary artists, such as Glenn Ligon and Sarah Sze, teach classes, and the program also offers coveted training for public school art teachers. My discomfort came from recognizing that my wealth came at the expense of others, she says, and from realizing the issues she cared about profoundlyenvironmental and social injusticewere connected to the wealth inequalities from which she benefitted. Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. Burbanks philanthropic interests emphasize the environment, with additional grants to progressive advocacy groups. I do feel more urgency. Contact NCFP for support! Part of her goal, she says, is to say to philanthropists like me, people with money and race privilege: We need to be willing to critique the system that we have benefitted from in order to move forward. . Kataly was created at the end of 2018 with $445 million in assets, a sum that Pritzker indicated represents only a part of her wealth. Director and producer J.J. Abrams and his wife Katie McGrath have an active foundation that has given for education, policy, human services and the arts. Business Insider previously reported that Hanauer is a longtime critic of America's income inequality. Regan Pritzker is the daughter of Nicholas J. Pritzker, who had been CEO and chairman of the board of Hyatt Hotels Development Corporation. The daughter of late left-leaning philanthropists Herb and Marion Sandler, Susan Sandler has followed in their footsteps while also charting a course that more heavily favors racial justice movement building. 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. As a philanthropist shes been a friend to progressive nonprofits and takes an intensive personal involvement in JPB. Keep up with trends in family philanthropy. That story has always been with me.. 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. He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. Subscribe to our newsletter! Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. 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. Want to get inside funders' heads? The team does see connections between this component of Katalys work and its systems change grantmaking. 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. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. Scott has now fully emerged as one of the nonprofit lefts most deep-pocketed allies. 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. The former Google CEO has long pursued philanthropic interests that werent particularly progressive, with the exception of some environmental grants. 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 83 years old, Gund remains sharply focused on making her philanthropic dollars stretch, often awarding multiyear grants to ease the burden on nonprofits and providing direct support rather than funneling money through other foundations, which then fund grantees and sometimes take administrative fees. 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. Blue Tent members can receive a25%discounton this subscription by using the codeBLUETENT. 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. 1 Letterman Drive Suite C4-420. Bilek cites as an example the 2018 effort by the Pritzker-funded Ronald Reagan Medical Center at UCLA to coin the term "gender-affirming care" while offering medical procedures for young females who want to have their reproductive organs removed. It is. Shes a frequent Democratic donor and backs environmental groups like Earthjustice. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. An investor, Albright gives through the ARIA Foundation. 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. Hes a steady backer of environmentalist and LGBTQ causes, and has served on the boards of the Natural Resources Defense Council and the Rocky Mountain Institute. Munger, 71, is the oldest daughter of Berkshire Hathaway vice chairman Charlie Munger. I grew up knowing about my father and his mother and others being Black in segregated Baltimore and having to work all their lives for white people who thought they were inferior, cleaning houses for a buck and change, she says. Despite calling for the company to be broken up in May, Hughes has a stake in Facebook worth $850 million, Newsweekreports. One example is Seed Commons, the recipient of a $1.3 million grant and a $2 million investment. Some of the signatories are multi-billionaires like George Soros, while others are little-known multimillionaires. LinkedIn is the world's largest business network, helping professionals like Regan Pritzker discover inside connections to recommended . Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. regan pritzker parents. Billionaires from George Soros to Abigail Disney are begging to be taxed more, Facebook / Bigelow Laboratory for Ocean Sciences, stayed mum on the exact size of her inheritance, Wealthy investor Nick Hanauer says the US economy mints billionaires while many Americans are struggling, and there's no excuse for it, she starred in several big-name Hollywood productions. Penny is his older sister and she also became involved in politics. She is chair of the investment committee of her family's foundation, the Libra Foundation, as well as a member of Edge Funders Alliance, and is a leading philanthropist in the Just Transition movement, taking leadership in moving progressive investors to rethink their ethical framework for private investment. Business Insider's Rich Feloni previously reported that Hanauer has said he's not a billionaire, but that, as both he and his wife have signed The Giving Pledge, their combined net worth at least approaches the $1 billion threshold. Gain access to personalized support and a network of peers. This is the moment. San Francisco, CA 94129. I said, No, those are my foundations, she says with a smile. This is the rainy day. Interests include climate change mitigation and clean energy. 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. Kataly is a spend-out foundation created with assets from Regan Pritzker and Chris Olin, a wealthy white couple, to move resources in support of the economic, political and cultural power-building of Black and Indigenous communities and all people of color.