Blog
With the launch of the “Hate Is Not Charitable Campaign”, the Amalgamated Foundation announced to the world that we would not sit quietly while organizations that promote hate continue to work the system to benefit their abhorrent actions.
The initiative, spurred by recent investigative media reports exposing millions of dollars funneling to hate groups through Donor Advised Funds, institutes a new policy and encourages other DAF providers to follow suit. The report found that major funds including Fidelity, Schwab and Vanguard provided nearly $11 million in grants to 34 organizations that are recognized as hate groups. These include organizations that identify as anti-Muslim, anti-immigrant and anti-LGBTQ.
We take our responsibility as a public charity, committed to the public good, very seriously and remain steadfast in upholding our values commitment. Hate Is Not Charitable calls on DAF providers to exercise their legal discretion over grants recommended by their donors and to adopt proactive policies to ensure that funds don’t flow to hate groups. The Amalgamated Foundation enacted such a policy in hopes to serve as a model for other providers and foundations.
So far, over 30 donor networks, DAF providers and private foundations have signed on. Last week, our work was featured in the Chronicle of Philanthropy and clients and peers continue to spread the word every day, encouraging other financial institutions to take heed and that support of such work must not be tolerated.
Hate has no place in our society. By spearheading this effort, we hope that message will have reverberating effects throughout not only the philanthropic and financial networks, but society as a whole.
Things we care about
In strong job markets, such as the one we’re experiencing now, employers face the reality of a potentially fleeting workforce. An abundance of jobs, paired with the rise of transferable skills and the newfound mobility that workers enjoy, leaves companies with the task of continuously coming up with new and innovative ways to keep talent.
With the 2020 democratic presidential primary growing more crowded by the day, the progressive policy agenda will be on full display as candidates look to carve their own lanes to the Oval Office. One area that will undoubtedly garner considerable attention, and rightfully so, is how each candidate plans to address the growing threat of climate change.
While sitting in your living room at home, a 0.9 Fahrenheit degree increase in temperature might not send you running to crank up the air conditioner but when it comes to permanently heating the entire planet, it has the potential to cause some serious problems.