Sign up for our email updates. 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. 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 website of the Global Greengrants Fund, an organization she serves on the board of. 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. Of the 19 people who signed the letter, one chose to remain anonymous. Meet Philanthropists With Urgent Distribution Models for Change - Robb We believe that all people deserve to live free of systemic oppression, economic insecurity, and environmental harm. Read more: Billionaires from George Soros to Abigail Disney are begging to be taxed more. 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). Simmons, now 35, is also a cofounder and principal of Blue Haven Initiative. The family, whose fortune was built on the Hyatt hotel chain, includes the governor, former Obama administration Secretary of Commerce Penny Pritzker and philanthropist Jennifer Pritzker, who was born a male and served in the Illinois National Guard. 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. The son and daughter-in-law of the legendary investor, these Buffetts founded the NoVo Foundation, which funds womens rights and anti-violence efforts across the globe. Regan Pritzker - NCFP Together they established the New Community Fund, which supports progressive infrastructure groups. In 2016, Forbes put Hughes' net worth at $430 million. Meyer utilized an inherited fortune in UPS stock to found what is now the Southern Partners Fund, which supports grassroots organizing in the Southeast. Cohen founded Ben & Jerrys ice cream with Jerry Greenberg in the 1970s. 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. Advocacy money flows through NextGen America (formerly NextGen Climate). Interests include climate change mitigation and clean energy. There is some overlap between Katalys environmental justice and restorative economies grantees. Baumans father created the Bauman Foundation, a D.C.-based progressive funding outfit where she has served as President since 1987. An early tech winner with Quark, Gill went on to become one of the top LBGTQ philanthropists of recent times and is still going strong with the Gill Foundation. So many of our problems are all connected to this broader, unacknowledged history of racism in America, she says. The New York Citybased nonprofit mentors the students, leading most of them to major in computer science in college and ultimately to land jobs at blue-chip companies such as Microsoft, Facebook, JPMorgan Chase and Google. 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. Regan Pritzker is the co-founder of the Kataly Foundation and is currently serving as a board member, as well as a collaborator with the Restorative Economies Fund. Heres a look at how this new activist foundation came to be and where its going. Along with his wife, Cindy, Jay Pritzker had acted as a surrogate parent during Penny's difficult adolescent years. Illinois Gov. Stacy Schusterman, Regan Pritzker, . 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. 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. She isthe daughter of philanthropist Agnes Gund. He left the social network in 2007to become the online organizer for Barack Obama's first presidential campaign. Children With Autism Across U.S. Lend Voices to Transit Announcements Shes a frequent Democratic donor and backs environmental groups like Earthjustice. He was also a philanthropist, bestowing millions upon Howard University and Harvard Law School, his alma mater, as well as homeless shelters and churches. According to a grantee breakdown on Katalys website, the Restorative Economies Fund has carried out the highest dollar amount of grantmaking so far, with Agbo managing that work herself. Katalys may end up proving even more so. For the Kataly Foundation, the practice of restorative economics involves transforming the financial status quo by investing in strategies that uplift sustainable community ownership and governance of resources. Keep up with trends in family philanthropy. As the founder of the Marisla Foundation, this below-the-radar donor gives to environmental causes and human services in southern California. Keep up with trends in family philanthropy. Seattle-based tech investor Nick Hanauer and venture capitalist Leslie Hanauer support environmental, education and gun control causes. 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.. She is also turning her attention to climate change, citing artist Maya Lins installation Ghost Forest in Madison Square Park as inspiration. Shes also the donor behind the Art for Justice Fund. 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. San Francisco, CA 94129. They give through the Open Philanthropy Project, an amalgamation of the couples foundation Good Ventures and GiveWell. Pritzker family fortune, Simmons has a net worth of approximately $600 million, ounder and principal of Blue Haven Initiative. Douglas Goldman is a grandson of early Levi Strauss Company president Walter Haas. 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. Rosenstein, 36, is the cofounder of workplace collaboration software Asana. 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. Regan Deering, a plaintiff named in the suit against Governor Pritzker's mask mandate in schools released the following statement: Article continues after sponsor message Jennifer Pritzker, a retired lieutenant colonel in the Illinois Army National Guard and the parent of three children, was born James Pritzker and transitioned in 2013, more than a decade after forming the Tawani Foundation. The Chorus Foundation founder has harnessed an inherited fortune to back bottom-up progressive power-building with an emphasis on environmental justice and structural change. Kataly has gathered a team of nine environmental and social justice leaders to help develop a program that centers communities disproportionately affected by pollution, disinvestment, health effects and over-reliance on the petrochemical industry. When I look at philanthropy, its white people of privilege controlling the wealth, she says. We were highly aware of all the money stuck in DAFs. This, And so they have: In May 2020, the couple joined with. Pritzker also serves as the board chair of her family's foundation, The Libra Foundation. For us, thats the clear way to make these resources durable and have a benefit that outlives our foundation.. Want to get inside funders' heads? Regan Pritzker and Liesel Pritzker Simmons Both women are heirs to the Pritzker family fortune, which was created through real estate investments and the founding of Hyatt Hotels, the. Learn More Team Staff Strategic Advisors The letter isn't the first time that Disney has spoken out about tax reform. I said, No, those are my foundations, she says with a smile. 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. 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. But as part of a nationally energized movement, it can become a mechanism for broader change. By clicking Sign up, you agree to receive marketing emails from Insider 3 Women Share Lessons From Running Family Foundations Based in Dallas, Texas, Embrey supports human rights work, with a focus on women. The result has been Kataly, a foundation separate from Libra thats out to push boundaries and critique the philanthropic status quo. We didnt insert ourselves in the process, Jennifer says. 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. from the University of Chicago. What kinds of groups benefit, and which communities and systems are empowered, is arguably the more important conversation. From @bjportraits The Billionaire Family Pushing Synthetic Sex Identities (SSI) Tablet Magazine https://t.co/2LR06p3ZvV, Partners for Ethical Care (@ethical_care) June 15, 2022. Gain access to personalized support and a network of peers. regan pritzker parents. Philanthropy can no longer afford to have our endowments and investments working at cross-purposes, undermining the campaigns, organizing tactics and strategies that our grant partners are fighting for, Agbo wrote in an introductory primer on Katalys approach. Heres a look at how this new activist foundation came to be and where its going. 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. But the amount of money available to donors is only one part of the story. 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. Some good examples include the Black Cultural Zone Community Development Corporation, Native Renewables, Prospera Community Development and the ONE DC Black Workers & Wellness Center. 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. Moriah is a policy-oriented grantmaker with a number of program areas, including human rights, reproductive health, economic justice and Israel. Earharts fortune stems from the oil wealth of J. Paul Getty. Regan Pritzker - Partners for Dignity & Rights The twin crises of Covid and racially motivated violence further solidified Katalys relevance, Pritzker says. They fund environmental justice work through the Northlight Foundation, particularly in Alaska. pists are revamping their protocols. Shechtel is a hedge fund manager and one of three billionaires behind the publicity-shy Wellspring Philanthropic Fund, a font of liberal money. It is. His daughter, who wore his monogrammed shirt for Robb Reports photo shoot in tribute to him, grew up in privilege and studied at Harvard. 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. 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, Jennifer worked for Microsoft early in her career, as did David, and has long shared her largesse with organizations such as, The couple quickly hit upon a solution: targeting the money that was sitting at the readybut languishing in donor-advised funds, or DAFs, which hold an estimated $140 billion. Were here to equip you with the tools you need to make a meaningful impact. regan pritzker parents. Her horror prompted her to sell one of her favorite paintings, Roy Lichtensteins 1962 Masterpiece, and use $100 million from the proceeds to start the Art for Justice Fund. Pritzker was born in Chicago on 16 October 1945, son of Jack Nicholas Pritzker (1903-1979) and Rhoda Goldberg Pritzker (1914-2007). As next-gen members of the wider Pritzker clan, this couples main funding vehicle is the Blue Haven Initiative, an impact investment shop focused on African enterprises. (The couple were no strangers to tragedy: Their 24-year-old daughter had. Abigail Disney isn't the only wealthy heir to speak out about - CNN Harnessing art as a force for good remains central to her approach. Behind the scenes, he has been ramping up his giving through Start Small, which cut its teeth on COVID-19 relief and began funding social justice movements at a steady clip soon after. Agbo noted that theres a link to be made between those questions and the democratic process itself. on a black and white TV in my . 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, We Need to Talk. A longtime television writer and producer, Norman Lear and wife Lyn are committed progressive activists. Shes always saying, Why cant we do more? , Were at a point of inflection for philanthropy. The foundation has a notably short 10-to-15-year horizon to spend out its assets and directs them to communities of color. Identifying and contacting leading progressive philanthropists is not easy. Three married couples also signed the letter together, as well as one person who remained anonymous. The granddaughter of The Walt Disney Company co-founder Roy Disney has made a name for herself as one of the company's most outspoken critics. Daughter of billionaire liberal donor James Simons, Cappell is behind the Foundation for a Just Society. Today, Tides is an crucial fiscal sponsor, DAF sponsor and donor organizing outfit on the left. Gund, 54, is an Emmy award-winning film director and producer. The former often benefit organizations working for community control of land and resources, such as the Earthseed Land Collective, the Federation of Southern Cooperatives and the Highlander Research and Education Center. The 59-year-old heiress has criticized the salary of Disney CEO Bob Iger and defended Meryl Streep after she called Walt Disney a "bigot", according to CNN Business. When we look at the past 18 months, there is a growing awareness that existing approaches to social impact are not enough, says Nicholas A. Tedesco, president and CEO of the National Center for Family Philanthropy. Studio now encompasses eight US cities, managed by two organizationsStudio in a School NYC and the Studio Institutewith a combined operating budget of $7 million. regan pritzker parents - MitoCopper Mindich is an asset manager and impact investor who co-founded the progressive venture philanthropy shop Propel Capital. He was an early investor in Amazon, according to his personal website. In terms of process and ideology, Libras grantmaking is already pretty progressive. The San Francisco grant maker has hired an expert in racial, social, and environmental justice to be its first CEO. Pritzker family - Forbes Co-President, The Libra Foundation; Co-founder, Kataly Foundation. When you look at the crises in aggregate, what were seeing is an inability to recover. 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. 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. Theyre lessening reporting burdens on grantees and establishing more trusting relationships with the communities they want to help. Louise Gund is an heir to the Gund family fortune and sister to prominent liberal philanthropist Agnes Gund. BIPOC communities experience systemic barriers in accessing the typical friends and family capital that wealthier communities have, Agbo says. This is the rainy day. "My mom's not a fancy, formal. 10 Things You Didn't Know About JB Pritizker - Money Inc She is a prominent arts patron, collector of modern and contemporary art, and arts education and social justice advocate. That ethos contributed to Katalys decision to spend out rather than set itself up for perpetuity. This allows me to make immediate impact and pivot more quickly if needed, she says. 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. The Libra Foundation is committed to a vision of society that uplifts and empowers all people. But the pandemic made them rethink their approach to giving. The Kataly Foundation was created in 2018 by Regan Pritzker and Chris Olin. But their financial machinations did not stay private for long. 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.. 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. Celebrated contemporary artists, such as Glenn Ligon and Sarah Sze, teach classes, and the program also offers coveted training for public school art teachers. Alongside Regan Pritzker and her husband Chris Olin (in addition to Susan Pritzker, whos also on the new foundations board), Katalys team includes CEO Nwamaka Agbo, an activist and consultant whose restorative economics framework plays a vital part in how Kataly moves its money. Gund, 81, used the fortune she inherited from her father, the president of an Ohio-based bank, to become a noted philanthropist in arts and social justice, according to The New York Times. Were here to equip you with the tools you need to make a meaningful impact. Big funders are moving more money, theyre moving it at scale, and theyre moving it to Black-led and Indigenous-led groups., For Pritzker, who spent years struggling with a sense of guilt, Kataly has provided a clarity of purpose. Hes a progenitor and proponent of the 1-1-1 model of corporate giving. A group of 19 ultra-wealthy Americans signed an open letter to 2020 presidential candidates asking them to support a wealth tax, a copy of the letter published byThe New York Times on June 24 shows. The Jennifer and Jonathan Allan Soros Foundation supports progressive causes like reproductive rights, gun violence prevention and racial justice. 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. The couple support progressive advocacy and movement groups, and have been active with the Democracy Alliance. In terms of process and ideology, Libras grantmaking is already pretty progressive. Agbo added that in addition to conversations about grantmaking, its important to engage wealthy individuals around aligning their investment practices with their stated values. Jeffrey and Marilyn Katzenberg back health-related issues, particularly AIDS, and organizations that work on behalf of children. 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. Qualifying donors nominated nonprofits, and the Rishers selected grantees at random from a vast array of organizations, including the Alzheimers Association, the Chinese Progressive Association, Earthjustice and the Equal Justice Initiative. 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. Embrey serves as President of the Embrey Family Foundation and is on numerous nonprofit boards, including that of the Democracy Alliance. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. 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. The Pritzkers: There seems to be no shortage of Pritzker heirs with ambitious philanthropiesincluding Nicholas Pritzker, who runs the Libra Foundation with his wife Susan (see below) and J.B. Pritzker, who has worked with his wife M.J. to become one of the leading funders of early childhood learning. 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.. Along with wife Lisa, Goldman supports progressive think tanks and advocacy through the Lisa & Douglas Goldman Fund. Among those patrons are the Gettys, the Pritzkers and the Fishers, whose families made their respective fortunes in oil, hotels and fashion. Meant to conjure the idea of catalyst, the name emerged serendipitously from the teams initial discussions. Lewiss own family story straddles the opportunity divide: Her father, Reginald Lewis, was raised by his mother and grand- parents. Nicholas and Susan Pritzker fund through the Libra Foundation, which has grown into a mainstay in the social justice movement space. 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. Kataly has organized its work into three main program areas: restorative economies, environmental justice, and mindfulness and healing justice. She's the daughter of Nicholas and Susan Pritzker, whose Libra Foundation has emerged as a leader in progressive philanthropy. Mark Mann Regan Pritzker grew up in Chicago, vaguely suffocated by seeing her famously philanthropic family's name on. That story has always been with me.. 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. This site is protected by reCAPTCHA Enterprise and the Google Privacy Policy and Terms of Service apply. The NBA legend once had a foundation, but it dissolved in the 1990s. An heir to the Reynolds tobacco fortune, Bagley was active in Democratic Party politics in the 1990s before settling into leadership roles with the Arca Foundation and the Z. Smith Reynolds Foundation. J.B. Pritzker signed legislation that amends the state's sports betting law that will finally allow bets to be made on in-state college sports teams while lifting the ban on online . 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. 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. J.B. Pritzker, in 1966 photo. You can use the tool below to search Inside Philanthropy's research guides for the individualson this list and other funders.