The capacity of women’s philanthropy explored in new issue brief
The Washington Area Women’s Foundation has released their latest issue brief: The Unprecedented Power and Potential of Women’s Philanthropy in the Washington Region. The brief, supported by Capital One, looks into the significance of investing in women and girls, along with the power, potential, and influence women philanthropists can have in the region. (WAWF, December 2015)
By our estimates, if women in our region with a net worth of $5 million or more contributed one tenth of one percent of their growing wealth to programs tailored to the unique needs of women and girls, they could collectively invest at least $45 million—enough to have a significant impact on helping the nearly half million women and girls living below or near poverty in our region attain economic security.
If women benefiting from this investment increased their earnings by at least five percent after completing a workforce development program (the average amount based on The Women’s Foundation’s program evaluation) the direct impact in our community could be over $317 million in a single year. An approximate return on investment of 560 percent.
POVERTY | A group of social profit organizations have joined forces through funding from Citi Foundation‘s Partners in Progress initiative in order to provide credit-building loans to low-income D.C. residents and help them stabilize their finances for greater economic opportunities. (WaPo, 12/17)
TRANSIT/EQUITY | A new Census report examines the demographics of those who live nearest to rail stations versus those who don’t in the Greater Washington region. According to the report, workers who live in rail-accessible neighborhoods are more likely to be more educated, white, and younger than those living in less rail-accessible areas. (WaPo, 12/17)
– Members have been announced for a new 26-member task force that will work to develop policy recommendations for D.C.’s Mayor Bowser in an effort to improve coordination between charter and public schools. (WaPo, 12/16)
– In case you missed it, Washington City Paper recently explored education philanthropy in the District as DC Public Schools enter their second decade of education reform efforts. (WCP, 12/11)
YOUTH/WORKFORCE | The Depressing Downward Spiral of U.S. Teen Employment (City Lab, 12/16)
JOB | The Eugene and Agnes E. Meyer Foundation is hiring for the role of Program Assistant. Click here to learn more about the position.
Who is responsible for picking out the fabric for seats on public transit; and, more importantly, what led to these particular choices?