black tie international magazine
Home
 
Select your preferred language
 
 
Celebrity Philanthropy News
 
Society News
 
Save the Date 2020
 
Editor-in-Chief
Joyce Brooks
 
Publisher
Gerard Mc Keon
 
Black Tie  TV
 
Nightlife With
Rose Billings
 
Now Trending
with Alison Minton
 
On the Town
Audrey Reuben
 
Impact Investment
 
Featured Foundations
 
Advertising
 
Co-Hosting Events
 
Listing Non-Profit Events
 
 
Share this Page
   
 
Black Tie China
 
Black Tie France
 
Black Tie Israel
 
Black Tie Philippines
 
New York Society
 
Palm Beach Society
 
International Society
 
Hampton Society
 
Las Vegas Society
 
West Coast Society
 
U.S. Society
 
Philanthropy  Giving
 
Entrepreneurial & Philanthropy Awards
 
Event Resource Directory
 
Promote your Services
 
Event Talent Directory
 
Feature Your Talent
 
Antiques
Art
Beauty
Blockchain
Cars
Couture Fashion
Crowdfunding
Fine Wines
 Health & Wellness
Interior Design
Investigative Services
Jewelry
Kids on Location
Legal Services
Luxury Yachts
Pet Services
Private Air
 Real Estate
Recommended Reading
Restaurant Reviews
Single Friendly Events
Social Announcements
Sustainable Investment
Technology
Theater/Arts
Travel
Wealth Management
 
 
Add your e-mail
 Friends
of Black Tie

 
 
Black Tie Classic
George Clooney
Princess Diana
Back Issues
More Back Issues
 
 
 
 
 
 

 

web
analytics
 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Black Tie International Magazine
Featured Foundations Directory

Black Tie International Magazine: Featured Foundations Directory
 Forward this page to your friends

 
Black Tie International
 
CONFLUENCE PHILANTHROPY
 
confluence philanthropy
https://www.confluencephilanthropy.org/
 

Investment and Philanthropic Organizations
 Representing $1.83 Trillion in AUM Sign
Confluence Philanthropy's Belonging Pledge
to Advance Racial Equity 

 

Signatories Discuss Innovative Efforts to Invest in Diverse Managers, Diversify Investment Committees, Advance Racial-Equity Themed Investments and Improve Sponsorship Initiatives for BIPOC Asset Managers During Confluence Philanthropy's Belonging Town Hall Virtual Event
 

Confluence Philanthropy, a global network of values-aligned investment philanthropies and advisors, today announced that through growing momentum a collection of now over 150 institutional investors, public and private foundations, family offices, and individual donors representing a collective $1.83 Trillion in Assets Under Management (AUM) have signed on to the Confluence Philanthropy "Belonging Pledge".

This landmark commitment encourages investors and allocators to raise racial equity issues at upcoming investment committee meetings and discuss new ways to identify industry-wide barriers and technical resources required to advance the practice of investing with a racial equity lens.

On September 28th, Confluence Philanthropy coordinated a virtual plenary session at their Belonging Town Hall event to discuss industry-wide racial equity challenges and actionable solutions. Throughout the convening and corresponding breakout sessions, pledge signatories assessed further actions to advance diversity, equity and inclusion at their respective foundations and firms, with a subset agreeing to additional measures that improve recruitment, sponsorship and networking opportunities for employees that identify as black, indigenous and/or as people of color (BIPOC).

Attendees acknowledged the critical importance of diversifying staff across all levels of leadership – from investment committees and c-suite executives to Outsourced Chief Investment Officers (OCIOs), advisors, and investment managers – as well as the need to dedicate specified resources toward firmwide culture and retention of BIPOC staff.

"The Belonging Pledge and related Town Hall meeting encompass a watershed moment for the investment industry," said Dana Lanza, President & CEO of Confluence Philanthropy. "Our network of philanthropies and their investment advisors are holding tough conversations about what creates inequity. Our goals involve changing the way decisions are made and who makes these decisions to level the playing field for diverse managers.

Diversity, equity and inclusion should serve as a primary lens throughout the investment process – and we're excited to work hand-in-hand with pledge signatories to support them throughout the organizational change process."

With respect to advancing racial equity across asset classes, Town Hall participants recognized the significant role they play in dismantling systemic barriers to capital allocation. Among 154 surveyed "Belonging Pledge" signatories from Confluence Philanthropy's network and those of their partners, an estimated 50% already include language about racial equity within their investment policy statement (IPS), with an additional 26% noting their interest or intention to add racial equity language into their IPS moving forward.

In addition, an estimated 60% of signatories have already made explicit, racial equity-themed investments, with 18% noting their interest or intention of doing so in the future.

Confluence Philanthropy's Belonging Pledge and Town Hall reflect the organization's mission to transform the practice of investing by aligning capital with values of sustainability, equity, and justice. In the wake of recent police killings of black Americans across the United States that have resulted in protests and civil unrest throughout more than 75 major metropolitan areas, Confluence – now more than ever – remains committed to advancing racial equity and inclusivity through sincere commitment, clear goals, and measurable benchmarks. Confluence Members and partnering investor networks' full "Belonging Pledge" for racial equity can be found below:

"We commit to discussing racial equity at our next investment committee meeting. We will move our agenda forward on this. We will share our next steps and results (perhaps privately), so that we can help to identify industry-wide barriers and the technical resources required to advance the practice of investing with a racial equity lens."

Confluence Philanthropy's network of values-aligned foundations and investment advisors recognize that the "Belonging Pledge" serves as an important starting point and offers the opportunity to demonstrate investor commitments to move this work forward.

Confluence Philanthropy – alongside partner networks who collaborated on the Town Hall, including the Diverse Asset Managers Initiative (DAMI), Impact Capital Managers, Intentional Endowments Network, Social Venture Circle, The ImPact and others – believe that change must begin with a shift in the prevailing racially homogenous culture and exclusivity that ultimately perpetuates racial bias and inequity within the investment industry and in investors' portfolios.

Confluence and its partners are committed to advancing this work and to supporting signatories to move from their initial commitments to tangible actions that will shift the current paradigm and hope to see a ripple effect across the industry.

About Confluence Philanthropy: 

Confluence Philanthropy's mission is to transform the practice of investing by aligning capital with our community's values of sustainability, equity, and justice. We support and catalyze a membership network of private, public and community foundations; family offices; individual donors; and their values-aligned investment advisors representing more than $70B in philanthropic assets under management, and over $3.5T in managed capital. Confluence is an international organization, with the majority of members based in the U.S., and a handful in Europe, Canada, Latin America, and East Africa. Our members represent a diversity of institutions, charitable asset types, personal and professional roles, and programmatic missions, but we share a commitment to values aligned investing. Two national annual conferences, webinars, training, and specific investment and change strategies translate learning and connection into concrete action. We promote value alignment, when prudent and feasible, through a variety of asset classes, investment vehicles and advocacy strategies, including cash, proxy voting, shareholder engagement, program-related investing, screening public equities, and private equity. We have offices in New York City and in Oakland, California.


 
Board of Directors

 

 
 
 
 
 

Back to Celebrity Philanthropy


 


 




 

 


Featured Streaming Events 2020

 
Global Solutions Forum
 
Ripple Of Hope Award Gala
 
Family Film Awards
 

Featured Foundations

chuck feeney
 
peoples money
 
international peace day
 
family film awards
 
Gavi
 
american portrait
 
Mater Foundation
 
greenpeace
 
ItC for Peace
 
THE JOHN F. KENNEDY PROFILE IN COURAGE AWARD®
 
Médecins Sans Frontières
 
Nigeria Solidarity Support Fund
 
the people's vaccine
 
charity stimulus
 
global citizen
 
together for her


 

vall to unite

 

Search the Site

 

 

Impact Investment

carbon geocycle
 
secret paradise resort
 
round island, seychelles
 

Black Tie China

ma.xiaoqiu, Dyf Entertainment
 
lang lang foundation
 

Black Tie Philippines

black tie philippines
 

Nightlife with Rose Billings

 
sara Johnson
 
debutante Ball
 
Judy Kuriansky
 
Gerard Mc Keon
 

Celebrity Philanthropy News
 

st_patricks_day_2020
 
sera Vergera
 
nicole Kidnman, jennifer Aniston
 
jean shafiroff, paul mc cartney
 
princess margaret of kent
 
hudson river park annual Gala
 
Al Pacino, American Icon Awards
 
clive davis
 
proincess grace awards
 
american hospital of paris foundation
 
french heritage society
 
lupus research alliance
 
un women for peace
 
ben kingsley
 
Friends of Black Tie
 
ceylon tea party
 
ecosoc
 
joyce brooks
 
central park conservatory
 
UN Correspondents Association
 
cardinal dolan
 
palm beach heart ball
 
vienese opera ball
 
lady in red gala
 
sanford stem cell
 
weizmann institute
 
carlos slim
 
israel 65th anniversary
 

Black Tie International Realty

 

Event Resources Directory

event resource directory
 
 


 

 
 
 
 
 
 
 
 
 
 
 

Copyright 2006 Black Tie Magazine. All Rights Reserved .

Privacy Policy |