Ktisis Capital's Democracy Learning Cohort: Shaping the Future of Democratic Philanthropy
📷 credit: Dylan Gillis
In April, Ktisis Capital will launch another cycle of the Democracy Learning Cohort (DLC), a program designed to deepen donors' understanding of strategies for funding civic engagement and building long-term power in the face of unprecedented threats to democracy. Participants will join a cohort of like-minded philanthropists on a carefully crafted, eight-month journey committed to strengthening democracy and maximizing their philanthropic impact.
First implemented in 2024, this program features monthly sessions led by expert facilitators who help participants navigate the complexities of funding the pro-democracy movement. Programming will include sensemaking about how we got here (including analysis regarding what happened during the 2024 election); exploration of the range of tools and strategies donors can employ to actualize their goals; national analysis regarding emergent needs and opportunities; guidance on developing and refining strategy for political and 501(c)(4) giving; and critical questions to deepen your thinking about this work in conversation with your peers in a confidential space.
This program also includes unique opportunities to hear directly from national movement leaders. Past participants were particularly inspired by presentations from luminaries like Stacey Abrams and Maurice Mitchell, who helped connect electoral strategy to broader democratic transformation. As one cohort member shared, "They were incredibly effective in helping us understand the big picture in ways we'd never thought of before, appreciating the long game and how elections are a piece of a much larger strategy."
To learn more about joining the Democracy Learning Cohort, contact Associate Director Michael Pratt at mpratt@ktisiscapital.com.
Understanding Extreme Wealth Today
📷 credit: StockCake
The following was originally published in Mike Gast's Organize the Rich Substack in a post entitled “Who are the wealthy in the US today?”. Mike is a longtime friend and colleague of our founder Jason Franklin since their organizing time together in Resource Generation in the early 2000s through to today.
I loved your latest article (A six pack of election related reflections) and the ideas behind it and agree 100% with your fourth point about the need for some serious and thoughtful power mapping…but just a note that the Street Insider article of "25 wealthiest heirs" was out of date and frankly badly done and deceptive in its framing. It came from Investing.com which often publishes spammy "articles" built by AI scraping of other data and click-baity combinations of publicly available or Wikipedia information. Even the “author” of the article, credited as Audrey Kyanova, seems to be a fake account/name.
So, the idea to map wealthy heirs is needed but, while all of the people in that Street Insider article are wealthy, none of them are among the richest heirs and only two would make it to most thoughtful people's list of possible wealthiest heirs.
Who are the wealthy in the US today?
It's hard for people to wrap their heads around the extreme wealth concentration in the US right now. As noted by the New York Times, we’re facing the greatest wealth transfer in American history. A projected $84 trillion in assets is set to change hands over the next 20 years, and the top 10% wealthiest Americans control over 50% of those assets.
The Forbes 400, while imperfect, is the most accurate and publicly available list of the wealthiest people in the US today. Forbes spends a lot of time trying to estimate the wealth of people who are constantly trying to hide or exaggerate their assets, not an easy task.
From Mapped: Where do the wealthiest people in the world live? by Omri Wallach
The current intro to the Forbes 400 notes: "The wealthiest people in America have never been wealthier. The 400 richest people in America are having a rollicking time in the roaring 2020s. In all, they are worth a record $5.4 trillion, up nearly $1 trillion from last year. A dozen have $100 billion-plus fortunes, also a record. And admission to this elite club is pricier than ever: A minimum net worth of $3.3 billion is required, up $400 million since 2023."
Right now, the Forbes Real Time Billionaire List counts 762 Americans among the world’s 2,740 billionaires, meaning 362 billionaires don't even make the Forbes 400 list. This is mind boggling and such a reminder of how skewed the wealth concentration in this country has become.
Additionally, talking about millionaires as wealthy these days is almost no longer useful. It is true but it can skew our thinking. The 2022 Survey of Consumer Finances from the Federal Reserve found that approximately 18% of U.S. households had at least a seven figure net worth which translates to roughly 23.7 million millionaire households across the country.
From Mapped: The Richest Billionaires in US States by Avery Koop
The average net worth of Americans has exceeded $1M because the wealthiest people skew the average up, although median net worth also rose to $192,900 because of surging housing and stock prices. However, averages and medians hide extreme inequality. Over 25% of the American population have a negative net worth (debts exceed assets). And for almost all wealthy Americans, their home plus retirement savings represent the vast majority of their wealth, while for the extremely wealthy those represent a tiny slice of their assets. (Check out the chart at the bottom of this post for details.)
Talking about the top 1% of wealth holders in the US (1.27 million households) is a better frame to truly understand extreme wealth today. Estimates to be in the top 1% hover around $13-14M+ so we'd need to talk about "deca-millionaires to billionaires" to have a more accurate framing for extreme wealth in the US, but "millionaires & billionaires" rolls off the tongue better so our language keeps obscuring true inequality.
What wealthy means continues to change, but our society’s language and understanding have failed to keep up with the extreme wealth accumulation and concentration of the past quarter century.
From What assets make up wealth? by Jeff Desjardins
Who are the wealthiest heirs in the US?
Back to the question of heirs. If we want to talk about the 25 richest heirs in the US, are we talking about those who have inherited or those who will inherit?
In terms of those who will inherit, shockingly, Elon Musk's children probably account for a third of the wealthiest 25 heirs. He has 11 children, some likely won't inherit at all given the way he has treated them, but the rest will all count among the wealthiest heirs.
You'd likely round out the rest of a 25 person list with a subset of the 32 kids of the other eleven people with net assets over $100B - Bezos (4), Zuckerberg (3), Ellison (4), Buffet (3), Page (1), Brinn (3), Ballmer (3), Gates (3), Bloomberg (2), Huang (2), and Dell (4). However, five of these twelve people have signed the Giving Pledge (Bloomberg, Buffet, Ellison, Gates, and Zuckerberg) so if they fulfill their pledges some of their 15 kids may be excluded from this list.
Wealth inequality is so extreme in this country, it's hard for any of us to wrap our mind around the fact that even the two wealthiest heirs from that Street Insider article - Alex Soros (one of George Soros’ five children) or Eve Jobs (one of Steve Jobs’ four children) - wouldn't be among the 25 wealthiest heirs in the country.
From Breaking Down the Wealth of America’s Top 20 Billionaires by Marcus Lu. Graphic by Miranda Smith
If we want to think about the wealthiest people who have already inherited, it gets complicated. If we just think about the current wealthiest people in the US who mostly inherited their wealth, you could consider the 28 people who had a score of 1 (the lowest score) on the Forbes "Self Made Index".
According to a 2020 Forbes article on the self made index, that includes 75-year-old Christy Walton, who married Walton heir John T. Walton; brothers James and Austen Cargill (76 & 74 respectively); Daniel Pritzker (66); and others.
Or if we're talking just about wealthiest young inheritors, there are eight Americans under 50 on the Forbes real time billionaire list whose primary wealth came from inheritance.
Lukas Walton (youngest member of the Forbes 400, $34B), the wealthiest by far.
Scott Duncan ($8.3B, oil & gas company Enterprise Products).
Brothers Mat ($9B) & Justin ($4.8B) Ishbia whose wealth mostly comes from mortgage lender United Wholesale Mortgage founded by their father Jeff Ishbia.
Lynsi Snyder ($7.3B) who inherited ownership of and now runs In-n-Out Burger.
Brothers Alejandro ($2.5B) and Andres ($1.5B) Santo Domingo who are heirs to the SABMiller company which was sold to Anheuser-Busch InBev.
Stefan Soloviev ($2.3B) whose billionaire real estate developer father Sheldon Soloviev passed in 2020.
We’d need to spend more time to build a list of 25, but to round out a Top 10 I would add two other young (under 50) billionaires who earned significant wealth built on big inheritances:
Josh Kushner ($3.8B, brother to Trump son-in-law Jared) backed some of the decade's biggest startups through his VC firm including Instagram, Spotify, and OpenAI with wealth he inherited from his father, real estate tycoon Charles Kushner.
Ernest Garcia III ($4.2B) founded online automobile dealer Carvana in 2012 with funding from his billionaire father, Ernest Garcia II.
Anyway, none of this invalidates your arguments nor the need for mapping. It’s just a reminder that we need to make sure to map the right things, grounded in real understanding of what extreme wealth (and wealth inequality) looks like in American society today.
I have to add what is arguably the best graphic video explaining American wealth inequality produced in the last twenty years. Created by an anonymous freelance filmmaker, “Politizane” is based largely on reporting from Mother Jones. This video’s underlying assertions still hold true although American inequality is even greater today than it was in 2012, when it was made.
Protecting Immigrant Communities in 2025: A Call for Philanthropic Action
📷 credit: Rawpixel
On November 6, the United States of America woke up to face a stark new reality and an uncertain future. We know that this uncertainty and fear is impacting certain communities disproportionately as people worry about their rights disappearing – communities of color, LGBTQ+ people, immigrants, and women, to name a few.
As we enter 2025, millions of immigrant families, in particular, across the country are facing unprecedented anxiety and uncertainty. Parents are having difficult conversations with their children about emergency plans. Community leaders are working overtime to provide accurate information and combat the spread of fear-inducing misinformation. These are not abstract policy discussions or talking points – they are the lived realities of our neighbors and community members whose security and safety are targeted.
The stakes could not be higher. With the incoming administration's stated plans to implement aggressive immigration policies, including potential mass deportations through declared national emergency powers and military deployment, approximately 46.2 million people – 14% of the U.S. population – face potential impact. Behind these numbers are real people: the teachers educating our children, the doctors and nurses caring for our communities, the scientists advancing medical breakthroughs, the artists and creators shaping our culture, the local leaders strengthening our democracy, and the essential workers who kept our country running through the darkest days of the COVID-19 pandemic.
The philanthropic sector faces a critical moment. Our response must match the urgency of the immediate threat and the necessity of building long-term resilience. This is not just about defending communities under attack – it's about preserving the fundamental values of inclusion, dignity, and human rights that define our society. It's about protecting the generations of people essential to our prosperity and cultural richness, especially when their contributions have historically gone unrecognized.
As a follow-up to our previous blog post sharing recommendations from leaders of immigration-focused nonprofits, we wanted to lift up specific priorities and recommendations we’ve heard from the sector and our partners in the context of the election outcome.
Priorities for 2025
We are already seeing a robust response emerging across sectors. Several state and city governments are preparing to act as the last line of defense for immigrant communities, exploring legal protections and policies that could shield residents from federal enforcement actions. Immigration legal aid organizations are rapidly scaling up their capacity, conducting know-your-rights workshops in churches, schools, and community centers. Grassroots organizations that have long served immigrant communities are forming new coalitions, sharing resources, and creating rapid response networks. National advocacy groups are preparing for prospective legal challenges.
A few specific examples of priorities to support as funders are included below:
Immediate Protection & Legal Defense
Scale up funding for immigration legal services and rapid response networks.
Support know-your-rights training and emergency preparedness programs
Fund security assessments and protective measures for immigrant-serving organizations
Strengthen coordination between national advocacy and local legal service providers
Movement Infrastructure & Coalition Building
Invest in state-level infrastructure, especially in vulnerable regions
Support cross-movement solidarity, particularly between immigrant rights and civil rights organizations
Fund organizing efforts that bridge racial, ethnic, and faith communities
Build capacity for rapid response to enforcement actions
Narrative Change & Community Defense
Counter misinformation targeting immigrant communities
Support immigrant-led media platforms and content creators
Fund research and messaging that demonstrates immigrants' contributions to American society
Invest in alternative media ecosystems in multiple languages, such as community radio, alternative community media networks, and immigrant-led digital content creators and journalists.
A Call to Action
This moment calls for all of us in philanthropy to demonstrate our courage and commitment. The choices we make in 2025 will resonate for generations to come. Immigrant communities have always been essential to our country’s past and present. Now, we must stand with them to protect our future. The path forward requires courage, creativity, and unwavering commitment to immigrant justice. By acting boldly now, philanthropy can help immigrant communities survive this challenging period and emerge stronger and more resilient.
For Foundation Leaders:
Challenge your board to increase payout rates for 2025-2026 to meet this historic moment
Remove bureaucratic barriers that slow down grantmaking when speed is essential
Use your institutional voice and relationships to advocate for immigrant communities
Consider how every portfolio – not just immigration-specific funding – can support immigrant communities
For Program Officers and Foundation Staff:
Reach out to your grantees now to understand their needs and challenges
Advocate within your institutions for flexible funding and streamlined processes
Connect grantees to other funders and resources
Look for opportunities to connect immigration to other portfolios and programs
Make grants to intermediaries if immigration is not your area of expertise (Examples like Four Freedoms Fund and Abundant Futures Fund)
For Individual Donors:
Increase your giving to immigrant rights organizations
Support local grassroots groups that larger foundations may overlook. Most states have immigration coalitions, and their members are critical to support (Examples like New York Immigration Coalition, Pennsylvania Immigration Coalition, and Illinois Coalition for Immigrant and Refugee Rights)
Leverage your networks to bring new resources to the movement
Speak up in your communities about the importance of protecting immigrant rights
For Everyone in Philanthropy:
Recognize that this is not business as usual – we must take risks and act with urgency
Center the voices and leadership of directly impacted communities
Build authentic relationships with immigrant leaders and organizations
Use your privilege and access to open doors and create opportunities
Remember that your silence or inaction is a choice with real consequences for millions of families
History judges how people respond in moments of crisis. Future generations will ask us where we were and what we did in 2025 when members of our communities were targeted. We can choose to be cautious and maintain business as usual or rise to meet this extraordinary challenge with the boldness and urgency it demands. The time for half-measures and incremental change has passed. Immigrant communities have always believed in this country’s promise – now it's time for philanthropy to prove that their faith is justified.
This blog post builds on insights from recent sector convenings by Hispanics in Philanthropy (HIP) and Grantmakers Concerned with Immigrants and Refugees (GCIR). It draws from the expertise of immigrant rights leaders, organizers, and advocates nationwide. The recommendations also reflect immediate needs and long-term strategic priorities identified by movement leaders and highlighted in our previous blog.
After the Votes Are Counted: Strategic Insights for Democracy Funders
📷 credit: Ted Eytan / Flickr
Despite record-setting fundraising and massive GOTV efforts during the 2024 election, progressive losses across the board present advocates with daunting political challenges over the next four years. The election resulted in losses of the Presidency and Senate and failed to flip the House, leaving a federal landscape increasingly hostile to progressive values.
The incoming administration has already signaled its intent to pursue the white Christian nationalist agenda of Project 2025, which seeks to consolidate power for the President. Between the extremist cabinet nominations of the past few weeks and the rapid emergence of legislation like H.R. 9495 which would give the US Treasury expanded powers to strip nonprofits of their tax exempt status, rightwing forces are redoubling efforts to undermine democratic institutions and clamp down on voices of dissent.
In the coming months, it is likely that we’ll see further consolidation of power behind the President, as some red states may seek to align with the federal government to restrict voting rights, threaten electoral systems, and criminalize protest. Furthermore, we can expect the threat of mass deportations to be used as a rationale to impose force on states that resist unjust federal policies. The fight for democracy will get harder over the coming years.
Yet, despite this electoral loss, there is still hope. The truth is, this election was not a mandate. President Trump won with the smallest popular vote margin since 2000. While the Harris campaign failed to overcome the headwinds that toppled almost every incumbent administration around the globe, we saw a number of local and state victories and a high level of split ballots which show the divided nature of the electorate today. The challenges we face will also provide us with the opportunity to grow the democracy field in ways that will benefit our movement for years to come, if we have the strength and thoughtfulness to do so.
We have the power to push back against despair. Our success in this endeavor relies on our ability to learn critical lessons from the past, and prepare for the future. Below are some key themes Ktisis Capital has identified that will drive our actions over the coming years:
Multi-year investments in democracy are more critical than ever. Donor anxiety about a potential economic downturn will impact fundraising for democracy organizations at a time when needs are higher than ever. Progressive donors should strongly consider making multi-year commitments to organizations working at the frontlines in the fight for democracy. We must remember that any short term economic concerns are dwarfed by real long-term threats and show up strongly to support the groups fighting at this critical time. Doing so allows development staff to focus their fundraising efforts elsewhere and helps organizations create multi-year plans around the commitments they receive.
States are fundamental to the fight for democracy and will require investment to highlight, prevent and fight back against federal abuses of power. Local governments will play a critical role in resisting the unjust policies of this administration, just as they did in 2016. In addition, cities and states are where policy innovation thrives, and we know that local leaders will have to get creative to protect and strengthen communities and democratic institutions from further attack.
Investment in philanthropic alignment efforts will be critical to maintaining a united front. Philanthropic intermediaries like Movement Voter Project and pooled funds like Trusted Elections Fund provide the broader funding community with strategic direction and rapid response capacity. Their close engagement with partners across the country make them well-suited to respond effectively to threats as they emerge, which relieves donors of the burden of having to track all the threats themselves.
Foundations should consider utilizing more mission- and program-related investments (MRIs and PRIs) to activate a greater percentage of their endowment. This can include actions like providing a grantee with a low- or no-interest loan to purchase a building, funding a social impact startup, or investing in the green energy ecosystem. At a time when both democracy and the climate are crumbling, it is critical that funders draw upon the full weight of their investments to fund the future our communities need.
Multi-entity organizations will be better positioned to navigate the hostility of the incoming administration. The rise of H.R. 9495 is the opening volley in what will likely be an ongoing attack on the progressive organizing ecosystem. Multi-entitity organizations (those with 501(c)(3), 501(c)(4), PAC and LLC affiliates) will have more flexibility to adjust their strategies and retain critical staff and other resources when legal challenges arise. New Left Accelerator offers support for practitioners and funders regarding how to structure and navigate the complexities of building a multi-entity organization.
Litigation funds will be critical to help smaller and mid-size funders to lean in and support progressive organizing in an increasingly hostile landscape. Rightwing forces have already weaponized litigation in an effort to chill the movement of progressive dollars. Litigation funds like Democracy 2025 can be used to mitigate risk and provide critical support for smaller funders who are unable to afford a costly legal battle.
This election has made apparent the need to counter disinformation. Disinformation is increasingly utilized to distort people’s perceptions of the truth and manipulate voter behavior. Groups like Reset Tech guard against digital threats and seek to hold tech companies accountable to democratic values. Onyx Impact is another organization fighting disinformation designed to harm Black communities. In addition, efforts to support non-corporate journalists who reliably report on local affairs can mitigate the impact of disinformation at the local level.
At Ktisis, we are considering our own responsibilities as we navigate this moment of vastly increased need. Not only must we make critical investments in our democracy ecosystem, we must strengthen broader work for economic justice and labor protections, a just transition to a new sustainable economy and more to respond to the real frustrations of voters. We are working to better support each other during stressful times while also delivering on our promises to the field. As circumstances evolve, we will continue to track both threats and opportunities to help funders navigate the complexities of our shifting philanthropic ecosystem. Moving forward, our team is available to talk through options and offer advice about how to best support the pro-democracy movement.
Welcome Sonja Hansen: Our Newest Communications Fellow!
We're delighted to announce that Sonja Hansen has joined Ktisis Capital as our newest Communications Fellow! As part of our fellowship program designed to support emerging leaders in philanthropy and social justice, Sonja will play a vital role in advancing our mission through strategic communications and storytelling.
A Stanford University graduate with a B.S. in Earth Systems and a Notation in Science Communication, Sonja brings both environmental expertise and storytelling capabilities to our team. Her academic background and international experience align perfectly with our commitment to advancing racial, social, economic, and environmental justice.
In her role as Communications Fellow, Sonja will be instrumental in shaping and executing our communications strategy. She'll manage our content pipeline and editorial calendar while developing engaging content across our various platforms – from our blog and newsletter to thought leadership pieces that amplify our impact in the philanthropy space.
Beyond content creation, Sonja will contribute to our broader strategic initiatives by researching industry trends, analyzing best practices, and collaborating with our team to develop innovative communication approaches that advance our mission. She'll also participate in our collective learning journey, working alongside other fellows and team members to deepen our understanding of philanthropy and social change.
We're particularly excited about Sonja's role in helping us tell the stories of our partners and grantees, bringing attention to the crucial work being done at the intersection of philanthropy and social justice. Her creative approach to communication will help us engage with our stakeholders in meaningful and impactful ways.
Please join us in welcoming Sonja to the Ktisis Capital team!
Social Justice Donors vs. Mainstream Wealthy Donors: A Comparative Analysis
📷 credit: Johnson Center for Philanthropy
Reposted from the Dorothy A. Johnson Center for Philanthropy.
In the diverse landscape of philanthropy, a groundbreaking report from Ktisis Capital has illuminated stark differences between social justice donors (SJ donors) and the general population of wealthy donors. This first-of-its-kind comparative analysis offers valuable insights into the unique characteristics, motivations, and practices of those committed to advancing racial, social, economic, and environmental justice through their giving.
For years, the annual Bank of America Study of Philanthropy, conducted with Indiana University Lilly Family School of Philanthropy, has been the gold standard for data on high-net-worth donor behavior. Now, Ktisis Capital’s report provides a fresh additional perspective, comparing SJ donors with that broader universe of wealthy donors. While the BoA survey group undoubtedly includes many donors who identify as social justice donors, the overall research provides a sort of “control group” effect. In this article, we refer to the BoA group as “general donors” as a shorthand for the “general population” of high-net-worth donors. The findings reveal significant disparities in approach, strategy, and focus between the two groups.
A tale of two donor types
One of the most striking differences lies in the sheer scope of giving. While nearly all SJ donors (97%) reported supporting five or more organizations, less than half of general donors did the same. In fact, almost two-thirds of SJ donors spread their generosity across more than 20 groups. This pattern suggests that SJ donors cast a wider net, potentially seeking to address interconnected issues through a more diverse portfolio of beneficiaries.
When it comes to causes, SJ donors showed a clear preference for democracy and political activities, environmental and climate justice, and racial justice and healing. Compared to their non-SJ counterparts, SJ donors were 5.5 times more likely to support racial justice causes and four times more likely to back environmental initiatives. This focus on systemic issues contrasts sharply with mainstream donors, who were more inclined to support religion and human services.
Perhaps the most dramatic difference between the two groups is their approach to political engagement. In a near-perfect inverse, almost 80% of SJ donors reported giving to political candidates, campaigns, or committees in the 2020 election cycle, while nearly the same percentage of the total population of donors abstained from political giving entirely. This stark contrast highlights the SJ donor’s view of political participation as an integral part of their philanthropic strategy.
The strategic mindset of SJ donors extends to how they structure and evaluate their giving. They are significantly more likely to have a guiding strategy (65% versus 41% of general donors) and to use sophisticated giving vehicles like donor-advised funds (73% versus 5%). Moreover, while only a fifth of general donors monitor or evaluate the impact of their donations, more than two-thirds of SJ donors engage in some form of impact assessment. This emphasis on strategy and evaluation suggests a more holistic intentional approach to philanthropy among SJ donors.
Lastly, the report reveals intriguing differences in how these two groups perceive their own expertise and seek to develop as donors. A majority of SJ donors (63%) rate themselves as highly knowledgeable or experts in philanthropy, compared to a mere 4% of general donors. This confidence is reflected in their learning interests: SJ donors are more inclined to advance concepts like impact investing and integrating philanthropy into wealth management, while general donors focus on more baseline activities like identifying volunteer opportunities and understanding how nonprofits operate and serve constituents.
Beyond the headlines
While these key differences paint a vivid picture, the report offers many more insights. Readers interested in a deeper dive can find additional comparisons in the full report, including:
The motivations driving giving for each group
How decisionmaking about donations differs between SJ and general donors
The unique challenges faced by each donor type in their philanthropic journey
Implications for future directions
This groundbreaking report has significant implications for various stakeholders in the philanthropic world. For donors, it highlights the growing importance of long-term, flexible funding and collaborative giving in creating systemic change. Nonprofits seeking support from SJ donors should focus on demonstrating their approach to systemic change and providing comprehensive impact data. The philanthropic sector as a whole may need to develop more sophisticated tools and resources, particularly in areas such as impact measurement for social change work and platforms to facilitate collaborative giving.
However, it is important to note that this is just the beginning. The relatively small sample size of SJ donors (68 respondents) and potential geographic biases in the responses highlight the need for further research and should be a caution to all on relying too much on this data to direct fundraising or donor organizing efforts. There may also be some bias in the results tied to the sample size and sample source — the Bank of America study surveys wealthy clients who happen to give, while the Ktisis survey respondents primarily were reached through donor networks and donor education programs which may over index for highly engaged donors. As we continue to gather more data and insights and expand our survey size in future years, we can refine our understanding of how to effectively engage donors to progressive causes and address the pressing racial, social, economic, and environmental challenges of our time.
The differences revealed in this report between SJ donors and the general population of wealthy donors underscore the diversity within the philanthropic community. By recognizing and understanding these differences, we can work toward a more nuanced and effective approach to philanthropy that leverages the unique strengths and motivations of different donor groups.
Standing Firm in Our Commitment to Justice: A Message from Ktisis Capital
📷 credit: Luke Michael via Unsplash
In moments that shake our collective foundation, we at Ktisis stand firmly with those working toward a more just and equitable world. This week, many in our communities are processing complex emotions, concerns, and questions about the path forward. We hear you, we see you, and we remain steadfast in our commitment to stand alongside you.
Our mission has never been more vital: to mobilize resources that advance racial, social, economic, and environmental justice. These struggles are deeply interconnected – what affects one sphere ripples through all others. This understanding only strengthens our resolve to support transformative change across all dimensions of justice.
To our partners and the communities we serve and support: your work matters now more than ever. We will continue to center your voices, amplify your efforts, and direct resources to support your vital initiatives. We remain committed to treating all people with fairness, dignity, and transparency, while actively challenging the systemic inequities that persist in our society.
In the days ahead, we will continue to:
Center the voices and perspectives of those most affected by injustice;
Support movements and organizations working for systemic change;
Partner with donors and foundations to direct resources where they are most needed;
Create spaces for healing, learning, and collective action.
While the path forward may feel uncertain, our values remain clear and unwavering: justice, integrity, wholeness, care, and learning. These principles will continue to guide our work as we support communities and movements building toward a more just and equitable future.
Immigration Funding Through a Justice Lens: Recommendations for Philanthropy
📷 credit: Miko Guziuk via Unsplash
The scope of immigration’s impact has consistently shaped the very fabric of American society. As of 2022, 14% of the U.S. population – approximately 46.2 million individuals – was born abroad (Migration Policy Institute, 2024). The demographic reality of immigration has transformed communities, local economies, and social structures across the nation. Despite their significant contributions, immigrant communities remain highly vulnerable and are increasingly under attack, facing legal, economic, and social challenges that threaten their safety, stability, and acceptance.
We also know the current federal administration has had a mixed approach to immigration largely only working to create opportunities to protect current immigrants while deterring and restricting would-be immigrants. The presidential campaign rhetoric is also once again trying to pit groups against one another by spreading misinformation and lies about certain immigrant groups.
Philanthropy has a critical role to play in the face of ongoing attacks on immigrant rights. Recent interviews conducted by Raquel Gimeno and Alison Upton Lopez of leaders in the immigration space offer insights for funders seeking to make a meaningful impact in this space.
Current Landscape: Challenges and Inequities
Interviewees highlighted a few themes around the current challenges facing the sector when it comes to addressing and prioritizing immigration and immigrant communities.
Severe Underfunding: The immigration sector faces a funding crisis, particularly in legal services, narrative work, and state-level advocacy. This underfunding perpetuates systemic inequities and limits the capacity for transformative change during a time when immigrants are most at risk.
Political Vulnerability: With looming political uncertainties, immigrant communities are at risk of increased deportations and erosion of legal protections, highlighting the urgent need for expanded support systems. Anti-immigrant rhetoric is continuously spread, which not only shapes public opinion but influences policy. This rhetoric dehumanizes immigrants, fuels discrimination, and creates a pressure pot of hostility that impacts the daily lives and dignity of the migrant population.
Movement Fragmentation: Years of crisis response have led to burnout and division within the immigration movement, weakening collective power and resilience.
Risk Aversion and Its Ripple Effects: Funder’s hesitance to engage in potentially controversial work has a cascading effect on the sector. Smaller nonprofits, lacking the resources to navigate potential legal challenges, are often forced to adopt similarly risk-averse strategies. This domino effect of caution further limits the sector's ability to pursue bold, transformative initiatives, which disproportionately impact grassroots and community-led organizations.
Recommendations for Justice-Oriented Philanthropy
Provide Sustained, Flexible Funding: Offer multi-year, unrestricted support to build organizational capacity and enable proactive strategies.
Integrate Immigration: Prioritize immigration and immigrant communities long-term in any grantmaking strategy, not just as a response to waves of xenophobic rhetoric and policies.
Empower Local Action: Focus on state and local initiatives for immediate impact and momentum-building.
Amplify Marginalized Voices: Invest in narrative change work centering immigrant experiences and countering harmful rhetoric.
Strengthen Legal Defenses: Support direct legal aid and strategic litigation to protect immigrant rights.
Foster Intersectional Solidarity: Build connections between immigrant communities and other marginalized groups.
Invest in Community Power & Infrastructure: Fund grassroots organizing and leadership development within immigrant communities.
Prepare for Political Contingencies: Develop strategies to help organizations plan for the outcomes of national elections, particularly around safety and security, legal defense, and longer-term policy strategies.
Call to Action
The fight for immigrant justice requires bold, sustained commitment from philanthropy. By centering equity, empowering communities, and addressing root causes of injustice, funders can play a pivotal role in building a more inclusive and just society for all.
*Note: Leaders from the following organizations were interviewed for this work:
Moving Beyond Listening: Shifting Grantmaking Practices to Center Proximate Voices
📷 credit: Hannah Busing via Unsplash
Last week, we had the privilege of presenting at the Council of Michigan Foundations' Annual Conference. Our session, titled "Moving Beyond Listening: Shifting Grantmaking Practices to Center Proximate Voices” and designed and facilitated by Alison Upton López, Michael Pratt, and Ricky Benavidez, was a powerful exploration of how philanthropy can better serve communities by amplifying the voices of those closest to the work.
Why Centering Proximate Voices Matters
The core message of our session was clear: to create meaningful change, philanthropy must move beyond simply listening to actively centering the voices and experiences of proximate organizations and leaders. These are the individuals and groups who are deeply embedded in their communities, understand the nuances of local challenges, and are best positioned to drive sustainable solutions.
Expert Insights
We were fortunate to have a panel of experts share their experiences and insights:
eMily Alemán-McAlpine, Program Director, Wege Foundation
Vicky Stott, Senior Program Officer, Racial Equity and Community Engagement, W.K. Kellogg Foundation
Kelsey Wabanimkee, Indigenous Educator and Community Wellness Consultant
Our panelists discussed their journeys in shifting decision-making processes, the challenges they've faced, and the successes they've achieved in centering proximate voices. They emphasized that this work isn't just about grantmaking – it's about transforming entire organizational cultures and practices. For example, one recommendation echoed across panelists was encouraging staff and board members to go out into communities and participate in organizations’ work beyond site visits.
Key Takeaways
Importance of Proximity: Understanding and valuing the perspectives of those closest to the issues is crucial for effective philanthropy.
Organizational Shift: Centering proximate voices requires changes across all organizational functions, not just in grantmaking.
Challenges and Successes: While the journey can be challenging, the impact of truly collaborative and community-centered philanthropy is profound.
Practical Steps: Attendees left with concrete ideas and commitments to implement in their own organizations.
Looking Ahead
The energy in the room was palpable as attendees engaged in small group discussions and individual reflection. Many shared commitments to try new approaches in the coming months, from revising grant application processes to creating more inclusive decision-making structures.
As one attendee noted, "This session wasn't just about theory – it gave us practical tools to start making changes right away."
We're excited to see how these commitments will shape the future of philanthropy in Michigan and beyond. By centering proximate voices, we can create a more equitable, effective, and transformative philanthropic sector.
Stay tuned for more updates as we continue this important work. Together, we can move beyond listening to truly amplify and empower the voices that matter most.
Systemic Change in the Fight for Democracy
📷 credit: Unseen Histories via Unsplash
As we near the November election, many donors are feeling anxious about the role they play in the fight for the future of our democracy. The specters of white nationalism and rising global fascism have progressive donors asking, “How can I direct my investments to best protect and strengthen democratic practice? Where are my resources needed most?” This was the subject of a recent blog post, as well as the impetus for our Democracy Learning Cohort series – 9-month learning engagements with groups of donors who are interested in maximizing their impact in the democracy space (you can learn more about our DLCs here).
These questions are relevant to anyone working in the philanthropic sector, regardless of where we are in the election cycle. How can we best leverage our access and resources to build the democracy we have never had? What is our role in effecting systemic change? What factors does systemic change rely on? Below, we will explore these questions, as well as some of the foundational concepts we use in our DLC program to help donors consider how their giving strategies impact the future of our democracy.
Achieving Systemic Change
The staggering wealth inequality in the U.S. is directly linked to the accumulation of political power. Multiple Supreme Court decisions have ensured that the more money you have, the louder your political voice may be. These dynamics are responsible for the decades-long and largely successful efforts of wealthy opportunists to systematically undermine the institutions of democracy. We see the fruits of this labor all around us: election denialism, gerrymandered districts, mass voter purges, attacks on the ballot initiative process, the partisan capture of SCOTUS and lower courts, the criminalization of protest, and more. The resulting imbalance of political power drives the social and economic disparities progressive philanthropy ostensibly seeks to address. Solving the social problems that plague us requires more than treating symptoms. The true work of progressive philanthropy must be to invest in changing systems that allow financial wealth to determine political outcomes.
Achieving this relies on the pursuit of three primary “pillars of systemic change:” 1) the advancement of structural reform, 2) building organizing infrastructure, and 3) narrative development. These three pillars comprise the foundation for fundamental realignment in how power is recognized, utilized, and shared – and enable a truly reflective democracy to be built. In addition to these components, it is critical to also make ecosystem investments that cultivate conditions that are conducive to reform.
Structural Reform
Structural reforms are shifts in policy or practice that change the way power is codified. These reforms open the door to achieving longer-term changes in who has access to levers of power and how that power is recognized. If we imagine the burden of community organizing as a Sisyphean boulder that must be rolled uphill, structural reforms are “wedges” that enable us to prevent backsliding in the aftermath of incremental progress.
For example, it is a common experience that our communities will secure a win (e.g., election of an ally to local office, passage of a progressive ballot measure at the state level, or the introduction of democracy reform legislation in US Congress) only to see that progress undone due to actions driven by moneyed interests (e.g., the unseating of a progressive champion, repealing successful ballot measures that defy corporate interests, or cynical machinations to prevent the passage of immensely popular national legislation). The constant battle over the same ground is made possible because the structure of our democracy elevates the interests of the wealthy over those of the general public.
Structural reforms open the door for power to be shared differently. They allow communities to achieve more durable wins and help ensure that future battles will be waged over new ground. In a democracy, structural reform looks like the reinforcement of voting rights, redistricting reform, money in politics reforms, or changes in how elections are administered. Such policies change how voices are recognized and valued by our political institutions and pave the way for communities to play a stronger role in governance.
The pursuit of racial equity and racial justice in America is directly tied to changing how power is held, recognized, and wielded in our democracy. The advancement of structural reform makes this possible.
Organizing Infrastructure
Actualizing structural reforms requires that these reforms be grounded in the needs, energies, and analyses of communities most impacted by injustice. Structural reforms open the door for power to be shared, but communities must be mobilized to cross the threshold and recognize the opportunity to shift the balance of power. This mobilization relies on a robust organizing infrastructure.
We measure organizing infrastructure by the relationships, resources, narratives, and actions that community-based institutions facilitate. The most effective movements for progressive change have emerged from multiracial community networks that are well-resourced, trusted, savvy, and audacious. These conditions enable organizations to build the capacity necessary to engage more people to take bold action and tell the story of their efforts in a way that compels others to accommodate their victory. Structural reforms that emerge from well-organized communities ensure that policy victories are more fully implemented and utilized; as a result, the balance of power is more likely to shift.
However, organizing without an eye toward structural reform undermines the durability of any gains that may be won. As attention moves to the next fight, opponents of reform redouble their efforts to maintain control, and the boulder slips back down. For this reason, both of these pillars are critical in the pursuit of systemic change.
Narrative Development
As communities build structural and organizing power, it is imperative to also reinforce community-driven narrative infrastructure to ensure that the dominant story that emerges elevates the conditions that have allowed these changes to occur. If we don’t control the narrative, we cede that space to those who may oppose our fight for justice. Ceding that space undermines our immediate organizing position and any learning that future generations may glean from the historical accounts of victories won.
Similar to the impetus for structural reforms, the stories that emerge must be rooted in communities most impacted by the issues that are being addressed. This ensures that leaders begin to recognize the inherent power of communities of which they may not be a part. It also places opponents of reform in a more defensive posture as their efforts to regain control are more likely to face social and cultural backlash from the masses.
Telling the right story with sufficient reinforcement from media and communications infrastructure ensures that any gains in the fight for racial justice may be more readily incorporated into the dominant culture. This is the ultimate goal of power-building efforts.
Ecosystem investments
The three pillars above are the most critical components necessary to achieve systemic reform. However, the speed at which reform occurs is heavily impacted by the ecosystem from which change efforts emerge. Ecosystem investments include philanthropic commitment to things like research, training, leadership development, building grassroots fundraising capacity, and organizing philanthropic alignment around shared values and practices. These components intersect with efforts related to structural reform, organizing, and narrative infrastructure, but can exist somewhat outside of those activities. They prep the soil for future growth and ensure community-led efforts are better positioned for success.
Perhaps surprisingly, elections also fall into this category – even in a year like 2024. Elections on their own do not shift power. The identities of elected leaders are largely inconsequential unless their presence results in shifts in governance. Our goal in electing a champion is that they will operate differently than their predecessors. If this is not the case, then our elections fail to meaningfully shift power for our communities. The true thrust of pro-democracy work is to create the conditions in which community voices are valued equitably within our political and cultural practices. Elections, while critically important, are just one component of the foundation on which the pillars of systemic change are built.
In an election year like 2024, many donors tend to think of the November election as an end date – the end of a campaign cycle and, often, the end of their democracy giving (for a while, at least). At Ktisis Capital, we encourage donors to instead think of election day as the start of a new chapter in a story we are deeply invested in. As we consider our roles as progressive funders, how are we committing our time, energy, and resources toward reinforcing the pillars of systemic change, not just during an election year, but ongoing? What role do we want to play in the next chapter of reform? These are some of the themes we continue to explore within our Democracy Learning Cohorts.
Building Connections Beyond Screens: The Power of In-Person Retreats
In today’s era of remote work, where our interactions are often limited to virtual meetings and digital communications, Ktisis Capital prioritizes community and people through our three in-person retreats each year. These gatherings are more than just an opportunity to meet face-to-face; they are essential for building a sense of belonging and mutual support among our team members. Coming together in person allows us to engage deeply with our mission, creating a more connected and collaborative work environment that extends far beyond the confines of telecommuting.
Balancing Work and Fun
While our retreats are focused on key aspects of our business, they also provide us with a much-needed opportunity to have fun together. There’s something special about sharing a laugh or a meal that strengthens our bonds in ways that professional interactions alone can’t. Some of our favorite memories include our game nights, whether we are around a ping pong table or casually playing board games; these moments of shared joy are what truly enhance our team dynamic, allowing us to connect on a personal level and appreciate the unique qualities that each team member brings to the table.
Focusing on Our Core Areas
Each retreat is structured around five critical areas of our business:
Client Management & Development
Organizational Planning
Finance & Operations
Communications & Thought Leadership
People & Culture
These areas, or "buckets," are essential for addressing the diverse needs of our clients and communities. By dedicating focused time to these areas, we ensure that our work remains effective and responsive to the challenges our clients face and to the ever-present changes to the field of philanthropy. However, it’s not just the structured sessions that make these retreats valuable; it’s the informal moments – the chats over coffee, the shared jokes, and the candid conversations – that allow us to get to know each other better, understand each other's needs and quirks, and build a stronger, more cohesive team.
Reflecting on Our Values
A key component of our retreats is the time we dedicate to discussing and reflecting on our organizational values:
Justice & Equity
Integrity & Trust
Wholeness & Complexity
Care & Kindness
Learning & Curiosity
At each gathering, we select two values to examine deeply, assessing how well we implement them and identifying areas for continued improvement. During our recent retreat in Ludington, Michigan, we focused on the values of Wholeness & Complexity and Learning & Curiosity, where we discussed how these values manifest in our work and personal interactions. Through these reflective sessions, we keep our values central to our operations, promoting continuous growth and ensuring that our actions align with our mission.
Learning Together
Another highlight of our retreats is the commitment to group learning, which is often tied to the location we are visiting. These educational experiences deepen our understanding of justice and inclusion, providing valuable insights that we can integrate into our work. For example, we visited the Savannah Civil Rights Museum during our retreat in Savannah, Georgia, where the stories of struggle and resilience profoundly moved us. We spent time touring and learning about the Tulum ruins while in Tulum, Mexico in January 2024, and were fortunate to meet with dynamic leaders in Chicago’s funding space during last fall’s retreat in the Windy City. These experiences enrich our knowledge and reinforce our commitment to justice, equity, and the importance of understanding the cultural and historical contexts in which we operate.
Looking Forward to Seattle
Our next retreat, scheduled for the end of September in Seattle, Washington, promises another opportunity for learning, growth, and team bonding. As we look forward to Seattle, I’m reminded of how these retreats are more than just business meetings. They are a chance to reconnect with our values, deepen our connections, and have a little fun.
In today’s fast-paced, digital world, it’s easy to overlook the importance of in-person connections. But at Ktisis, we know these retreats are vital to our success – not just as a company but as a community. They allow us to build the trust, understanding, and camaraderie necessary for achieving our mission and positively impacting the world. So here’s to our upcoming retreat in Seattle and to the many more moments of laughter, learning, and growth that lie ahead.
We’re not going to stumble into the democracy we’ve never had
📷 credit: Josh Barwick via Unsplash
We are at a critical juncture for the future of our democracy. From the shifting dynamics of the US presidential race to intensifying fights over election integrity and against disinformation, one takeaway is clear: democracy is in the balance.
Given the stakes, donors are very engaged around the election. But the democracy space is complex – and determining effective action can be fraught. This was the impetus for launching our Democracy Learning Cohorts, which involve monthly non-partisan donor education sessions exploring strategies and lessons for funding civic engagement and political work, with an eye toward impact between now and November 5th. Programming covers sensemaking of the 2024 elections, tips and framing for navigating the range of organizations and funds in the space, guidance on developing and refining strategy for political and 501(c)4 giving, and exploring critical questions to deepen donors’ thinking about this work.
Much of that critical questioning has centered around what’s brought us to this point in the first place, including the proliferation of misinformation and disinformation, a global rise in fascism and authoritarianism, broken electoral and governance systems, retrenchments from funders of organizing, the influence of monied interests, the criminalization of protest, increasing attacks on democratic institutions, and more. Most centrally, though, are decades of concerted, multi-entity investments from the Right.
Conversely, much of these conversations have centered around how we should respond. The “too-long-didn’t read” answer is: if malicious, intentional, coordinated actions and investments brought us to this precipice, then commensurate strategic action can allow us to chart a better path. However, merely responding with commensurate effort and investments is also not enough. We must move beyond “protecting” or “preserving” democracy – for the democracy we’ve had has never worked for many people, especially populations systematically ignored or attacked by prevailing power systems and structures.
We’re not going to stumble into the democracy we’ve never had – and c3 and electoral investments are not enough. Building long-term, durable power that looks fundamentally different will require multi-entity investments that animate a multi-pronged, systems-based strategy. Those prongs include and implicate electoral victories, but just as much – if not more – prioritize co-governance, movement building, building organizing capacity, shifting structures, and pushing promising democracy reforms (e.g., reforms around automatic voter registration, redistricting, money in politics, disclosure requirements, etc.). It also requires deepening our commitments after the election, regardless of the outcome.
The Democracy Learning Cohorts are currently focused on integrating these principles and lessons into giving plans as the November election rapidly approaches – and starting to set intentions and strategies for action and investment after the election.
The throughline of these conversations is: if you haven’t given yet, the time is now.
Rise of Mega Donors – Part 1: Sector Fragility & Volatility
📷 credit: Pascal Bernardon via Unsplash
I’ve often been quoted as saying “we’re living in the second golden age of philanthropy because we’re living in the second golden age of inequality.” In recent years, as a result of the increasing concentration of wealth, the nonprofit sector has become increasingly reliant on the generosity of a smaller set of ultra wealthy individuals, a trend that brings both benefits and significant challenges. The concentration of wealth and the rise of mega donors – individuals who contribute exceptionally large sums – have fundamentally altered the landscape of philanthropy, creating a fragility and instability that threatens the very mission of many nonprofit organizations.
The Power Dynamics of Wealth Concentration
The concentration of wealth among a small group of individuals has given rise to a phenomenon where a handful of mega donors wield disproportionate influence over the nonprofit sector. While their contributions can be transformative, enabling organizations to launch ambitious projects and scale their impact, this concentration of power raises several concerns. Mega donors often have specific interests and agendas, which can steer the priorities and strategies of nonprofits in ways that may not align with the broader needs of the communities they serve. This can lead to a misalignment between donor-driven initiatives and grassroots needs, resulting in a distortion of the sector's priorities.
This dynamic can skew the focus of entire organizations or even sectors. For instance, if a mega donor is particularly interested in funding education technology but the community's most urgent need is basic education access, the nonprofit might pivot its efforts toward technology to secure funding. This misalignment not only distorts the sector's priorities but also risks marginalizing critical issues that lack high-profile champions.
Dependency and Volatility
Beyond even the high profile mega donors like Scott, Gates, Bezos and others, nonprofits across the field increasingly find themselves dependent on a few large donors for a significant portion of their funding. The traditional fundraising pyramid has become narrower and more pointed, with a higher percent of revenue coming from a few at the top vs many small gifts at the bottom. This dependency creates a precarious situation. The withdrawal of support by even one mega donor can lead to severe financial instability, forcing organizations to scale back programs, lay off staff, or, in extreme cases, shut down entirely. Such volatility undermines the sustainability of nonprofits, making it difficult for them to plan long-term initiatives or invest in building their organizational capacity.
Such dependency curtails the ability of nonprofits to plan and execute long-term initiatives. Strategic planning becomes fraught with uncertainty when funding sources are unstable, impeding the sector’s capacity to make sustained progress on complex social issues. The unpredictability of mega donations translates into a lack of financial resilience, leaving nonprofits vulnerable to the changing tides of donor preferences.
There is an urgent demand from society to use any windfall of funds for immediate needs and yet, with the volatility of mega gifts nonprofits wrestle with how much of any windfall to put into reserves or spread out over time. As they plan for the future, they increasingly must plan with several dramatically different funding scenarios which makes settling on a strategy challenging, and those scenarios have less to do with overall economic health or strength of their organization and more to do with the whims and desires of a small set of critical major and mega donors.
Erosion of Public Trust
In addition to their impact on individual nonprofits, the dominance of mega donors also has implications for public trust in the nonprofit sector. When a few wealthy individuals have the power to shape the agenda of numerous organizations, there is a risk that the sector will be perceived as serving the interests of the elite rather than the public good. This perception can erode trust and alongside the belief that “they’re getting taken care of by Billionaire X or Millionaire Y,” can discourage smaller donors from contributing which only exacerbates the cycle, further concentrating power in the hands of a few. Moreover, the public may become skeptical of the motives behind large donations, suspecting that they are more about tax benefits or personal legacy-building than genuine altruism.
Public skepticism can also grow regarding the true motives behind large donations, with suspicions that these gifts are driven more by tax benefits or personal legacy-building than by genuine altruism. This erosion of trust can undermine the credibility and legitimacy of the nonprofit sector as a whole.
The concentration of wealth is not likely to dramatically shift in the coming years and the continued dominance of major and mega donors is likely a reality for the sector for the foreseeable future. But there are steps that both donors and funders can and should take to address these dynamics, stay tuned for Part 2 for some suggestions on some of those key steps.
Welcome Fellows!
We are excited to introduce you to our new fellows, Divya Seth has joined Ktisis as our Programs and Learning Fellow and Mona Saidi has joined the team as our Communications Fellow.
We recently launched our inaugural fellowship cohort. This program is designed to support both the project-based and content area needs of the firm and young professionals with aspirations of working in philanthropy and/or social justice, in the context of furthering efforts and initiatives that advance racial, social, economic, and environmental justice. Fellows will take part in an intentional and jointly-designed learning journey, including collective learning, collaborative projects, and opportunities to connect with a range of Ktisis staff and partners.
Divya Seth
Divya (they/them) comes from a medical background and left their pediatric residency training after witnessing the numerous barriers to care within the healthcare system and the role that doctors play as gatekeepers within this system. They have always been deeply interested in social justice and, since the COVID pandemic in particular, the ways in which we can show up for one another to enact community care. They have been involved in unionizing their residency program, advocating for sex work decriminalization, supporting local mutual aid efforts, and continuing to learn about and practice everyday abolition. They have experience within the non-profit sector as well, partnering with GlobeMed and One World Exchange to create sustainable relationships with grassroots leaders in Thailand and Cameroon, respectively.
At Ktisis, they hope to bring their healthcare, policy, and organizing lens to the donor sphere while continuing to shape their social justice and philanthropic identity as the Programs and Learning Fellow. As Programs and Learning Fellow, Divya will support Michael Pratt, associate director, in the development of learning and field building strategies, among other responsibilities. Divya is an avid traveler, speaks three languages fluently, and loves their long-haired gray cat, Manchito.
Mona Saidi
Mona (she/her) brings to the position 4+ years of eclectic business experience working alongside tech startup entrepreneurs and creative agency founders – with a focus on content and digital marketing. Mona decided to course correct into more impactful work after witnessing and experiencing the exploitative practices and deep inequalities inherent in the American private sector. She enrolled in a Liberal Arts degree to gain a deeper academic and theoretical understanding of social justice issues. Mona has also gained valuable advocacy and organizing experience through her volunteer work with New York Public Interest Group (NYPIRG), where she worked on the Straphangers Campaign to advocate on behalf of riders of the MTA in New York City. She was also involved in the Democracy Campaign where she helped inform constituents about voter registration, ranked choice voting, and how to make voting in New York City more equitable and accessible.
Mona will be supporting Ricardo Benavidez, associate director, with the communications and content needs of the firm. She hopes to bring her small business and communications background, her commitment to social justice, and her experience in advocacy and campaign organizing to the role. Mona currently lives in Brooklyn, NY, where she enjoys pursuing her many creative hobbies, hosting quirky community gatherings, and petting every animal in sight.
Please join us in welcoming Divya and Mona to the team. If you have any questions about the fellowship program or about our fellows, please feel free to reach out!
Supporting Maui: Rapid Response Funding Opportunities
📷 credit: Anaclara Vardiero via Unsplash
Amidst the picturesque landscapes and serene beauty of Maui, a profound tragedy continues to unfold, leaving our hearts heavy and our spirits shaken. The fires that swept across this paradise left a trail of destruction in their wake.
As we mourn for the people of Maui, we hope you will join us in transforming our grief into purposeful action. Together, we can offer solidarity, support, and hope to the communities impacted by this catastrophe.
How you can help
We recommend the following four organizations and initiatives committed to providing aid and relief to the affected communities. Through our contributions, we hold the power to play an essential role in Maui's recovery from this disaster and initiate the journey towards healing.
Hawaii Community Foundation – The Maui Strong Fund was created to provide community resilience with resources for disaster preparedness, response, and recovery.
Hawaii People’s Fund – The Maui Aloha: The People’s Response facilitates swift and secure support for grassroots community organizers and organizations addressing urgent needs in the aftermath of the fires, prioritizing vulnerable communities and fostering care and empowerment.
Maui Community Power Recovery Fund was established in partnership with the Amalgamated Foundation to house, feed and support displaced families and resource the long term efforts to rebuild and advance structural change. Partners of the Fund include:
Maui Mutual Aid: Local volunteer led response
Our Hawai’i: Grassroots Organizing
‘Āina Momona: Environmental health and sustainability
Funder Hui: Serving Hawaiʻi’s philanthropic community
Kākoʻo Maui: The Council for Native Hawaiian Advancement (CNHA)
Seventh Generation Fund – We know that any time devastating events of this nature occur, Indigenous communities are often disproportionately affected and are the least likely to be reached with aid or to be able to access resources. The Flicker Fund responds to already vulnerable and stressed Indigenous communities on the frontlines of climate caused crisis and emergencies.
Reflections about how to respond and the dynamics of natural disasters, especially on remote and island locations (with thanks to the Center for Disaster Philanthropy in particular for informing these reflections):
Send money, not items – Any time a tragedy like this occurs on an island, the question of capacity and space is raised. Fires cause a lot of debris, and with many physical spaces in Lahaina being destroyed, there will be backlogs of items that need to get on and off of Maui. It is important to not clog ports and other channels with miscellaneous support items. Instead, consider sending financial donations to the organizations listed above. This will help to alleviate that clogging as well as help to support the economy of Hawai’i and the funds are spent on other Hawaiian islands.
Avoid traveling to Hawai’i – Many people have been displaced by the fires and with the limited and expensive housing market, it is important to leave the remaining accommodations to those in need. This goes for more than Maui – many folks from Maui will have to find refuge on other Hawaiian islands or on the mainland. Travel to Hawai’i, unless coordinated by someone on the frontlines – even for disaster relief work unless that is with a current coordinated effort – should be avoided. Instead, consider making a donation to one of the organizations above so that they can financially support those already there or reach out to find formal volunteer opportunities where your presence will align with recovery efforts underway.
Environmental impact – Everything that has been burned – wood, building materials, machinery, appliances, even the chemicals to fight the fires leak toxins into the soil and water. This means that Maui has a long road to physical recovery ahead. Before rebuilding can happen, those toxins must be remediated from the land and water. Consider supporting the long-term efforts to get those displaced home.
Tourism & the economy – As stated above, Maui and the rest of Hawai’i have a long road ahead of them. The tourism industry is effectively paralyzed and economic strains on the other Hawaiian islands are just beginning. Long term investment in the people of Hawai’i will be important for their recovery, especially to ensure that the recovery is one that is just and fair, avoiding further displacement of indigenous peoples and other communities of color and ensuring environmental sustainability.
Beyond Independence Day: A Meditation on Celebrating the 4th of July
This year I took my kids to watch the 4th of July fireworks display at Seattle’s Gas Works Park. It was our first time doing so as a family. Normally, we escape the city to avoid the noise and chaos of the evening, as the explosions throughout our neighborhood make it difficult for children trying to sleep. However, my boys, growing older and more curious, insisted on experiencing the city’s celebration firsthand.
As fireworks illuminated the night sky and patriotic songs filled the air, I found myself reflecting on both the impressiveness of the spectacle and the subtle discomfort I tend to feel around this time of year. It’s not just the noise that has kept me away from the city, if I’m being honest, but the gaudiness of what Independence Day has come to mean for so many: a day of blind patriotism, of listening to Lee Greenwood’s “God Bless the USA” on repeat while waving flags and drunkenly igniting incendiary devices.
It all just feels a bit…insufficient. We think of Independence Day as a completed story, a recounting of a scrappy, startup nation’s successful bid for freedom. But in doing so, we neglect the stories of those of our people who have yet to find their happy ending. What did our victory over the British mean for Indigenous communities, decimated by colonialism and the myth of manifest destiny? How has the birth of America sustained and strengthened Black and Brown communities that have never felt the full light of democracy, despite the stories we tell ourselves? Whose freedom are we celebrating, when trans people are attacked for their mere existence and women lack full autonomy over their own bodies?
When we celebrate our nation’s independence from an authoritarian regime, how do we square this with the rising fascism that marks this current moment in the American experience?
As I watched the fireworks dance across the sky, I was reminded that there is still so much work to do. Sitting there with my kids, I also held onto the hope that this celebration could be more than just a display of pyrotechnics. It could be a reminder of our collective responsibility to challenge complacency, to strive for a more inclusive society, and to build a nation that truly lives up to its ideals. The 4th of July fete I envision is one that connects the best parts of our nation’s founding with the spirit of revolution that so many of us are in pursuit of today – one that not only recognizes that which our forebears achieved, but illuminates our collective path toward a better future.
America has always been a work in progress. Let us transform this celebration into an opportunity for growth and unity, where patriotism is not blindly accepted but earned through our commitment to justice, equality, and the betterment of our communities. Considering the full breadth of our nation’s history, it’s hard to imagine a more patriotic meditation than this.
Response to SCOTUS Affirmative Action Ruling
The Ktisis Capital team is deeply disappointed by yesterday’s Supreme Court ruling on affirmative action. This decision undermines the historical importance of affirmative action in creating opportunities for marginalized communities, particularly communities of color, and threatens to have far-reaching negative implications for these communities.
Affirmative action has been a vital tool in addressing the systemic inequalities that persist in our society. It has played a crucial role in leveling the playing field, ensuring that individuals from historically and systemically disadvantaged backgrounds have access to education and employment opportunities that were once out of reach. By promoting diversity and inclusivity, affirmative action has not only fostered a more equitable society but has also enhanced innovation, creativity, and problem-solving within institutions.
The Supreme Court's ruling jeopardizes the progress made through affirmative action by placing undue restrictions and limitations on its implementation. By diminishing the ability of universities and employers to consider race as a factor in their admissions and hiring processes, the ruling diminishes the opportunities available to qualified individuals from underrepresented backgrounds. This will disproportionately impact communities of color, who continue to face systemic barriers and discrimination.
Furthermore, this decision sets a potentially harmful precedence that could extend beyond the realm of education and employment. It has the potential to impact the philanthropy and nonprofit sectors as well. Many organizations dedicated to addressing social and economic disparities rely on affirmative action as a means of promoting inclusivity within their ranks. By eroding the foundations of affirmative action, the ruling could undermine these organizations' efforts to foster diversity and equitable representation, hindering their ability to serve the communities they aim to support.
At Ktisis Capital, we firmly believe that diversity and inclusivity are essential for a just and prosperous society. We recognize the inherent value of affirmative action and its role in dismantling systemic inequalities. We will continue to advocate and work for policies and practices that promote diversity, equal opportunity, and social justice.
Resources:
The ACLU put together a Q&A in the lead up to the SCOTUS decision answering some top level questions about the impact of the ruling. You can read the dialogue here: https://www.aclu.org/news/racial-justice/what-you-need-to-know-about-affirmative-action-at-the-supreme-court
The WK Kellogg Foundation has developed a toolkit that can be found here: https://everychildthrives.com/defending-racial-equity-the-impact-of-u-s-supreme-court-rulings-on-our-shared-vision/
The Mellon Foundation hosted a town hall where sector leaders discussed the importance of affirmative action and its continued relevance. You can find the recording here: https://www.mellon.org/events/why-does-affirmative-action-still-matter
A Deep Dive Into Donor Advised Funds
📷 credit: Bernd Dittrich via Unsplash
We are often asked by clients, peers, and colleagues about how to select a donor advised fund (DAF) or which providers are on our short list. An increasingly popular alternative to a family foundation as a vehicle to manage giving, donor advised funds have been around since the 1930s. In this short guide, we will define DAFs, categorize DAF providers into a more accessible framework, and offer notes on some key services to review during the DAF research and selection process.
As RSF Social Finance explains:
A DAF is a charitable giving vehicle administered by a public charity created to manage charitable donations on behalf of organizations, families, or individuals. A DAF allows a donor to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. Donors can contribute to the fund and recommend grants as frequently as they like.
Donor advised funds provide a tax advantaged giving vehicle compared to private foundations. Tax benefits vary based on the type of contribution:
When contributing cash directly to a DAF, the donor receives a tax deduction benefit of 50% of adjusted gross income, as compared to 30% with a private foundation.
When contributing gifts of stock or real property the donor receives a tax deduction of 30% of adjusted gross income for DAF contributions as compared to 20% with private foundations.
DAFs have no excise tax and private foundations hold an excise tax of 1-2% of net investment income annually.
Gifts made to DAFs are assessed a fair market value and private foundations are assessed a fair market value for publicly traded stock and are assessed on a cost basis for all other gifts, including gifts of closely-held stock or real property.
To learn more about the differences, the National Center for Family Philanthropy has a helpful article here.
Identifying your priorities for DAF selection
There are at least a hundred progressive DAF providers (and well over 1,000 DAF providers in total including most community foundations, womens funds, Jewish federations, and more) you might select from. Ktisis actively works with or has helped clients place funds at DAFs at a wide cross-section of providers including RSF Social Finance, Amalgamated Bank, Tides Foundation, Grand Rapids Community Foundation, Fidelity Charitable Gift Fund, Proteus Fund, North Star Fund, Marin Community Foundation, Liberty Hill Foundation, Impact Assets, and more. Working with these organizations and working in this space has provided insight into the strengths, weaknesses, philosophies, offerings, and priorities among DAF providers.
When working with a client, rather than start with the question of where a DAF should be housed, we encourage people first to focus on their priorities. Questions we might ask a client to consider look something like: Are you looking for a provider that offers full and wrap around services – such as fully digital systems, donor learning communities, investment advisory services; or, are you looking for a provider that is on the bleeding edge of community-focused philanthropy and provides incentives for spending more out of your DAF or granting to BIPOC communities? How much do you prioritize speed or minimizing costs or ease of recommending grants? Are you interested just in traditional 501(c)(3) giving or do you want to engage in other types of giving or investing through your DAF? How important is ideological alignment for you with your DAF provider and/or your point person? No DAF provider will meet all possible needs and priorities so getting clear on what offerings or distinctions matter most to you will make the selection process far easier.
Understanding the range of DAF providers
Today, the two largest categories of DAF providers by number of organizations and assets under management are national values-neutral charitable gift funds (many launched by traditional financial management companies) and community foundations.
National providers like Fidelity Investments, Charles Schwab, Vanguard, and Goldman Sachs sit in the first category. Fidelity Charitable Gift Fund is the largest charity in the world and many banks are now also offering DAF services to their clients. Similarly, there are some large DAF-only providers like National Philanthropic Trust – plus conservative providers to avoid, like Donors Trust or the National Christian Foundation, two of the major conduits to fund the far right.
Community foundations pioneered the DAF model (the first DAF was launched in 1931 at the New York Community Trust) and over 70% of the 900 community foundations across the United States offer a DAF service to their donors.
As a justice-oriented advisory firm, most of our clients come to us for help finding DAF providers that bring a higher level of values alignment than these two primary types of DAF providers. When looking beyond national financial firm-affiliated providers and community foundations, we find it helpful to think about DAFs in a number of buckets – these are not perfectly defined and many providers could be classified in more than one bucket, but this is a good jumping off point to start to wrap your head around the many providers out there.
Local progressive. Groups like the North Star Fund in NYC, Foundation for Louisiana, and Liberty HIll Foundation in Los Angeles or regional funds like the Southern Partners Fund fall into this category (there are at least 40+ local progressive DAF providers). Some have clearly defined progressive values that run the gamut from LGBTQ+ issues, BIPOC justice and racial healing, or the environment and climate justice while others support the full range of progressive nonprofits in their region. Additionally many but not all women’s funds, Jewish federations, and some community foundations like the East Bay Community Foundation or Brooklyn Community Foundation might be considered local progressive DAF providers. These local providers offer expertise, relationships, and insights into local funding that can be a boon for locally-oriented donors plus they will offer learning and networking opportunities for locally-based donors.
Issue Specific. While some donors prioritize giving to their home community or a specific geography to which they are connected, others are motivated by a specific issue and an issue-specific DAF provider can be the best match for their giving. For many issues clients have prioritized, we suggest looking at an aligned nationally-oriented issue-specific fund like the Peace Development Fund (nuclear disarmament, anti-war organizing and general social justice work), Ms. Foundation for Women, Global Fund for Women, Astraea Lesbian Foundation for Justice, Global Greengrants Fund, Thousand Currents (grassroots movements in the Global South), or Grassroots International (human rights & climate justice in the Global South). Additionally, many women’s funds prioritize progressive work in their local communities and some geographies boast an LGBTQ+ fund or an environmentally-focused local fund.
National progressive. There are a double handful of DAF providers with a progressive focus working on a national scale: large providers like the Tides Foundation, or small/mid-sized providers like the Proteus Fund, NEO Philanthropy, and the Common Counsel Foundation. There are others working on a national scale that we would categorize as slightly less progressive than those just listed but still left of center such as Rockefeller Philanthropy Advisors and Arabella/New Ventures. Amalgamated Foundation is a national progressive DAF provider launched by Amalgamated Bank; they host the Just Fund portal, which emerged out of the Solidaire Network and is a progressive alternative to the financial providers mentioned above. Possibility Labs has launched a BIPOC-led DAF program that centers racial equity and healing in their work. Often larger than their local counterparts, these providers offer a set of national relationships and an understanding of the national movement building field that can be valuable to donors seeking support for their giving that is not tied to a specific geography or issue.
Impact Finance providers. Finally, there are a handful of DAF providers that are leading with the offer to open a DAF that invests its assets differently. Ideologically they are generally liberal to progressive in their orientation and support DAF holders to fund nationally across a wide range of issues. Two of the largest with which we have had considerable (good) experiences with are RSF Social Finance and Impact Assets. Mission Investor Exchange can be a great resource for donors looking to explore impact investing, including support for DAF holders.
Additional considerations when selecting a DAF
Beyond clarifying priorities and considering which type of DAF may best align to those needs, below are a few additional issues that often arise with clients we advise:
Giving across geographies. Any local or national DAF providers will happily make grants to registered 501(c)(3) charities anywhere across the country. Local providers generally pitch their local expertise, but their DAF holders regularly advise grants beyond their geography. However, if you want to do international grantmaking, you should check with the DAF provider about what they will or won’t do – some will do no grantmaking outside the US, some will only make grants to groups that have a pre-established equivalency determination (a IRS-regulated process to prove charitable eligibility), while others will undertake work on your behalf to give to new international recipients.
Advocacy giving. With the rising importance of investing in advocacy, organizing, and voter engagement, more and more donors are exploring ways to support this work. While a considerable amount of advocacy work can be carried out by 501(c)(3) nonprofits which any DAF can fund, some work can only be undertaken by a 501(c)(4) social welfare organization. If this type of giving is of interest, a small handful of DAF providers will support c4 grantmaking (and a couple have even begun providing c4 DAFs although those are more for administrative convenience as they offer no tax deduction).
Aligned investments and impact investing from your DAF. Obviously, the Impact Finance providers discussed above have very robust impact investing options from a DAF. However, an increasing number of progressive local and national providers (and many of the issue-specific providers) have robust overall ESG/SRI investment policies for all of their assets, which include their DAFs – but you should check with the specific provider to confirm. It varies by provider if they will allow you to invest your DAF assets outside of their general investment guidelines, often if you create a DAF with assets above a certain threshold.
If you are interested in learning more or exploring specific DAF providers that might fit your needs, please feel free to reach out to us to set up some 1:1 advising time.
Justice for Patrick Lyoya - How to Give
We are distraught and outraged by the murder of Patrick Lyoya at the hands of a Grand Rapids police officer. This tragedy is yet another moment in the ongoing pattern of injustice disproportionately affecting Black communities across the country. To have this happen here in our home city only deepens our determination to continue to fight for racial justice.
Over the last few days as video footage of Lyoya’s murder has placed this on the national radar, we have received numerous asks for where and how to support the Lyoya Family and the local community as we continue to process, demand justice be served, begin the process of healing, and look towards long terms plans to advance racial justice. Below are a couple of avenues as recommended by local activists for you to give and support the family of Patrick Lyoya, the Grand Rapids and West Michigan community, and the movement for racial justice:
Support the Lyoya family via this GoFundMe (direct/non-deductible)
Urban Core Collective – The Urban Core Collective fights systemic racism in Grand Rapids through equal access to: education, economic prosperity, health, power, and influence. (501c3 charitable & deductible)
A Glimpse of Africa – This grassroots social justice organization is providing social and emotional support for both the Lyoya family and the community and long-term works to bring people together to celebrate, educate and share diverse African cultures while breaking barriers and connecting refugees and Immigrants from African countries to local Grand Rapids area resources and opportunities. (501c3 - charitable & deductible)
Equity PAC – Equity PAC is a local Political Action Committee of Grand Rapidians mobilizing money and time to support equity-minded candidates and ballot initiatives, participate in education and advocacy, and encourage direct citizen action to address equity in the city. (PAC - political & non-deductible)
Black Lives Matter Michigan – The local Michigan Chapter of Black Lives Matter works to eradicate white supremacy and build local power to intervene in violence inflicted on Black communities by the state and vigilante by combating and countering acts of violence, creating space for Black imagination and innovation, and centering Black joy. (PAC - political & non-deductible)
Reflections from the Innovations in International Philanthropy Symposium
A conversation with Malala Yousafzai, 2014 Nobel Peace Prize Winner, interviewed by Wendo Aszed, Founder and Executive Director, Dandelion Africa
I recently had the privilege of attending the Innovations in International Philanthropy Symposium, hosted by New England International Donors and The Philanthropic Initiative. The symposium was chock full of amazing leaders from across the globe, all working to forward the mission of globally minded philanthropy and to move funds in a just and equitable way. Speakers ranged from Nobel Peace Prize recipient Malala Yousafzai to industry giants such as Solomé Lemma and topics ranged from impact investing to moving funds to individuals working on the frontlines who are directly impacted by the issues at hand.
The breakout sessions were particularly impactful, providing an opportunity to hear from leaders in the field and connect with peers around topics that we grapple with every day. One question asked the group for suggestions for donors who are uneasy or have anxiety around seeding funds directly to organizations on the ground. This particular topic of conversation piqued my interest as it is particularly relevant and common in Ktisis Capital’s work.. We discussed the distrust that donors often have in directing funds to individuals or organizations who do not have a robust application or reporting systems or staff with the capacity to adhere to funders’ reporting needs. Through robust conversation, we found that these questions often surfaced when funding in communities or countries outside of our own, when funding to groups that we and our peers have not worked with before, and almost always when funding directly to organizations and individuals on the frontlines of movement and cause-driven initiatives.
These questions and concerns can often feel overwhelming and intractable.There are many terms to navigate and organizations often use different terms to describe this type of philanthropy; it can be confusing to know how to focus on just one approach. The two terms that I most often see are trust-based philanthropy and grassroots philanthropy. Each term has its own nuance and differences, but cover the same basic principles – addressing power dynamics,breaking through traditional philanthropic practices of strict funder-centric application and reporting structures, and building systems that are based on developing relationships and mutual learning.
Those closest to an issue often have the best knowledge on how to fix that issue. However, traditional systems of funding often have accountability measures, goals, impact metrics, and reporting structures that are funder-led and mandated. In other words, in traditional systems funders dictate to grantees what their success should look like from outside of the problem and outside the actual work. This is the perfect example of uneven power dynamics where those with the power (in this instance, those holding the grant funds) are telling those without the power (those seeking the grant funds) what they should do to be successful, rather than trusting their expertise in the work they do every day to remedy the issues that they live and work in. In systems that strive toward a more balanced power dynamic, success measures are co-created -- with the grantee leading the effort. Developing these relationships and having these conversations help ensure that each party is being set up for success and building trusting partnerships works to alleviate stress and uneasiness on the funder side. If you make the effort to know the person or the group who is doing the work, it makes it much easier to find the trust to fund the work.
Arriving at the point where you feel comfortable in these shifting practices is a journey that may look different or have a different timeline than your peers. That’s okay! The important thing is that you are asking the question and working toward a solution. It takes time and effort to unlearn old systems and relearn new ones. My advice to you is to take it one step at a time. Try altering your application process so that it’s not so burdensome on small organizations whose staff are juggling multiple roles. Or, in the review and interview process, work with the applicant to co-create outcomes and success metrics. You don’t have to shift your entire system all at once. Just take it one step at a time and keep pushing forward to balance those power dynamics.
A final piece of advice that I would offer is to make sure that the work in the field is being supported while you take this time to learn and grow yourself. We want to have trust and be comfortable moving money, but we don’t want our learning timelines to be at the detriment of the cause. Often organizations or individuals will want to pause their grantmaking until they can completely overhaul their systems and processes. While this would certainly result in a cleaner process on the funder’s side, pausing the flow of grant dollars to the field is the opposite of your goal. Offering interim support grants during your learning process will help to ensure that those on the frontline will be supported and that the work can continue.
If you are interested in scaling up your giving, getting more deeply involved in your personal or family philanthropy for the first time, or stepping into leadership in your family philanthropy, Ktisis Capital has partnered with EDGE Funders Alliance to bring you the Global Donor Learning Journey. Learn more about the program here.