The economy is rapidly changing. The public and private sectors, anchor institutions, and philanthropy play a vital role in strengthening local economies, and if knitted together, can serve as powerful drivers for building inclusive economic opportunities, ensuring further democratizing of philanthropy among the communities it is intended to serve. Set against a backdrop of often oppressed communities, philanthropy’s role can vary in fostering inclusive prosperity strategies. In this track, and we will showcase growing trends that are likely to present unfamiliar challenges to traditional community institutions, including artificial intelligence, automation, and economic development approaches such as innovation corridors and opportunity zones. Using tools like impact investing and program-related investments alongside traditional grantmaking, we want to showcase interesting ideas and theories of change that foundations are acting on to build resilient, productive, equitable, and sustainable communities that improve local economic outcomes for all residents.
Tuesday, April 30 — 10:30 a.m. - 11:45 a.m.
The usual metrics used to assess the national economy hide an enormous variety of experiences for workers and communities—flattening America’s rich diversity to a single number. Families have detailed knowledge of their own economic situations that may not align with the narratives used in policy and funding conversations, leading to programs that do not match their actual needs. Join us to learn what workers across the U.S. say can help improve their financial lives, what employers and others can do to support those needs, and how philanthropy and research can inform and shape programs to assist financially fragile workers. Attendees will hear new findings coming from Pew’s year-long 2018 exploration as well as the new, ongoing work being done jointly between Rockefeller and the Chan Zuckerberg Initiative: and through the US Partnership on Mobility from Poverty’s strategies to identify promising ideas to improve economic opportunity. Panelists will share insights learned from their respective efforts and will engage with the audience to learn and share perspectives from their work.
Bite-Size, Right Size: How CDFIs Help Advance Place-Based Impact Investing in Rural and Urban America
Tuesday, April 30 — 10:30 a.m. - 11:45 a.m.
Investing in place is a tool that foundations are exploring as a means toward achieving more – and more equitable – local impact. In many cases, place-based investing does not require a complex foundation investment strategy; rather, some foundations are finding success by sticking a toe in impact investing waters and learning by doing. Often, these foundations turn to Community Development Financial Institutions (CDFIs) as the right partner to work alongside. CDFIs are mission-aligned, nonprofit partners who can help foundations scale their efforts to support affordable and workforce housing, fresh food financing and community facilities. Participants will hear from three place-based investing practitioners who are working alongside of local CDFIs to creatively deploy philanthropic assets to better address financing gaps and create impact in both rural and urban America – one step, one investment at a time.
Tuesday, April 30 — 3:15 p.m. - 4:15 p.m.
Growing economic and racial inequality threaten the prosperity of metropolitan regions across the country. Addressing both issues is the defining challenge for philanthropy and its partners. In California’s Bay Area, uneven wage growth and a shortage of housing have converged to create a crisis that disproportionately affects communities of color. Join us for a discussion with multisector partners that are tackling the crisis. The San Francisco Foundation and a coalition of national and regional philanthropic, business, and community partners will share their plan to move investment capital to increase affordable housing and advance policies that center racial and economic inclusion.
Shared Valued: What’s Good for Society is Good for Business – How Two Companies Collaborated to Foster Lifelong Learning in South Bend
Wednesday, May 1— 12:00 p.m. - 1:00 p.m.
The future of work is now! Our economy is rapidly changing, and there are too many people struggling to garner the skills they need to advance in their careers and gain economic mobility. Come learn how Walmart and Google.org utilized their individual business strengths combined with philanthropy for the collective good by collaborating together on a lifelong learning initiative in South Bend, Indiana, with the Drucker Institute. Walmart, the world’s largest private employer, brought its extensive knowledge of workforce and learnings from a nearly a $3 billion dollar commitment in training and education benefits for their employees. Google.org, an innovation leader, brought strong expertise in technology tools and a $50 million dollar commitment to help underserved communities prepare for the changing nature of work. Together, we can leverage our cross-sector resources to test and prototype new approaches that help create a more inclusive economy that works for everyone.