News and Views of Note: Week of April 30, 2007

See below for a round-up of what was news this week in the world of philanthropy, social change and women and girls in the Washington metropolitan region and beyond:

A New York Times article explores how CARE, an international development organization, has leveraged the philanthropic interests of wealthy women over 35 into international efforts to improve the lives of women and girls through education, micro-enterprise and small development programming efforts. 

Salary.com released their annual figures on how much the labor of a working mom is worth, putting this year’s tab at $138,095 annually–3 percent higher than last year’s results.  Brings whole new perspective to the wage-gap discussions that have been taking place, when one also considers domestic and international "unwaged" labor, largely provided by women.  To further this discussion, last week Riane Eisler wrote in Alternet about "The Feminine Face of Poverty" and how she thinks it’s high time for leaders to consider addressing poverty through a lens that redefines "productivity" in economic indicators in a way that accounts for the unpaid labor provided by the world’s women. 

Susan V. Berresford, president of the Ford Foundation, offers an op-ed in the Seattle Post-Intelligencer challenging perceptions of a new intergenerational philanthropic divide that claims that new foundations are "entrepreneurial, innovative, ambititous and strategic" while long-standing ones are not.  "I am here to say this dichotomy does not fit reality. It does not capture the breadth of philanthropy’s scope and history, and it has the potential to damage our field," she writes.  Debate and discussion over this topic has since ensued among a number of philanthropic leaders, which is nicely summarized in a Tactical Philanthropy post, "Old vs. New Philanthropy."

Melinda Gates shared the lessons she’s learned from 10 years in philanthropy, which was preceeded a few weeks ago by her comments on the important role women and girls play in changing the world.

We learned that fewer employers are offering health benefits and a new report, From Poverty to Prosperity: A National Strategy to Cut Poverty in Half by the Center for American Progress advocated 12 recommendations–many of which are directly tied to the issues impacting low-income women and their families.   John Podesta, CEO of the Center for American Progress, testified to the House Ways and Means Subcommittee on Income Security and Family Support on poverty and the goals of the Poverty Task Force.  

And that’s the news for this week!  Now, onto your views–post a comment to let us know your thoughts on any of the above, or about any news of note that we’ve missed. 

And, above all, happy Friday!   

What beliefs have to do with building wealth.

At Monday’s official launch of the DC Saves campaign, Colleen Daily, the executive director of Capital Area Asset Builders–a lead partner in the DC Saves campaign and a Grantee Partner–explained that a great deal of the work in helping people, particularly low-income people to build wealth, is not financial.

It’s about beliefs about money, far more than it is about money itself.

Getting people who haven’t grown up with money to believe the message that they can build wealth, she explained, is what it’s all about. 

And is often the hardest part. 

When she said this,  I couldn’t help but think back to last week’s Philanthropy Forum on Families, Money and Philanthropy: Building a Legacy Across the Generations, where donors and potential donors of The Women’s Foundation gathered to talk and think through–with speakers like Carrie Schwab Pomerantz, Loribeth Weinstein and A’Lelia Bundles–the legacy that money can have through philanthropy.

I must say, I didn’t expect the event to be terribly applicable to me, being without a family foundation or huge philanthropic legacy and all.

But what astounded me was that it was actually about everyone, and how much our families have to do with how we view money, giving and the everyday financial habits that build wealth or hold it at arm’s length.

Over lunch, sitting around my table, we discussed not strategy or programming, but rather our personal stories and lessons of money, wealth and planning for the future.

By the end of lunch, I was referred to as the Junior CPA, after sharing that balancing my mom’s checkbook and writing all the checks for her to sign, which I did along with my sister as of the age of 10 largely because we loved it, trained me to be the fiscal hawk I am today, making sure my accounts are in balance, that I’m not charging more than I can pay off and that my credit history is clean.

My engagement with my finances today came directly from my mom’s teachings that managing money wasn’t scary or overwhelming.  That even a kid could do it. 

Over and over, the stories came and reverberated, tales of single moms teaching their kids how to conserve on things from electricity to water, to role modeling good habits and how those translated into their daily lives today.  Some learned to stretch a dollar when their mom showed them how she stretched a casserole, and others learned that even when financial hardship comes suddenly and unexpectedly–due to divorce or death–that families can recover and rebuild.   

How in the lives of every woman at the table, their financial habits were almost an exact mirror of their parents’–and often, a single mother’s. 

Bringing home in a very real way what Colleen said on Monday, and what Pomerantz said at the forum.  That , “Money isn’t just about ‘the talk.  It’s about lots of little moments and exposures throughout life.”

Which begs the question of what happens when there are no lessons about money, or money isn’t talked about in a home, or it’s seen as something foreign and scary and uncontrollable.  A matter left to the fates, not financial planning.

That what we believe about ourselves and, in essence, our worth, has as much to do with what our bank accounts become, as who we become.

That teaching financial literacy goes well beyond building skills, to building new beliefs.   

Stepping Stones Research Update: March 2007

As part of our ongoing commitment–in partnership with The Urban Institute–to providing information and resources related to the goals of Stepping Stones, please find below summary of recent research on issues of economic security and financial independence for women and their families.

This research is summarized and compiled for The Women’s Foundation by Kerstin Gentsch of The Urban Institute, NeighborhoodInfo DC.

Financial Education and Wealth Creation News

Have Middle-Income Parents Improved Their Economic Status?
By Robert I. Lerman
Urban Institute
February 23, 2007

Looks at middle-income married versus unmarried parents’ net worth between 1989 and 2004.
 
Between 1989 and 2004, middle-income parents experienced moderate income growth, but only married parents have gained net worth—a significant fact given that the share of households headed by an unmarried parent increased from 26 to 33 percent over the same period. Using data from the Federal Reserve Board’s Surveys of Consumer Finances, income measures alone show that middle-income unmarried parents gained some ground relative to married parents. However, trends in net worth—the value of what households own minus the value of what they owe—diverged by marital status, demonstrating the importance of looking beyond income data.
 
For fact sheet, click here
 
Jobs and Business Ownership News
 
Capital Access for Women: Profile and Analysis of U.S. Best Practice Programs
By Salzman, Harold, S. McKernan, N.M. Pindus, and R.M. Castaneda
Urban Institute
February 26, 2007
 
Analyses key success factors, barriers, and constraints faced by women entrepreneurs, and provides policy recommendations.
 
Capital access programs and funds for women starting and expanding their businesses have grown dramatically over the past decade. These programs cover the spectrum from microenterprise to venture capital funds and serve highly diverse populations. Thirteen "best practice" programs and three "promising practices" (new programs that appear innovative but do not yet have a track record) are profiled in this report and are the basis for our analysis of key success factors, barriers, and constraints faced by women entrepreneurs, and our policy recommendations. We profile and analyze the programs to share best practices and lessons learned so that successful programs can be replicated. Our analysis of these best practice programs identifies six areas that can improve the strength of all capital access programs and expand their reach.
 
For abstract and executive summary, click here!
 
For full report, click here!   
 
Understanding Low-Wage Work in the United States
By Heather Boushey, Shawn Fremstad, Rachel Gragg, and Margy Waller
March 2007
Center for Economic Policy and Research
 
Analyzes labor market data to provide a picture of the low-wage labor market.
 
Over 40 million jobs in the United States — about 1 in 3 — pay low wages ($11.11 per hour or less) and often do not offer employment benefits like health insurance, retirement savings accounts, paid sick days or family leave. These low-wage jobs are replacing jobs that have historically supported a broad middle class.  This report provides a clear and sobering picture of the low-wage labor market through analysis of labor market data, including: downward wage trends over time, poor work conditions, largest occupations, and declining mobility. The authors used a social inclusion definition of low-wage work that allows for comparison among jobs in the United States.
 
An abstract and full report are available. 
 
Child Care and Early Education News 

Gender Gaps in Math and Reading Gains During Elementary and High School by Race and Ethnicity

By Laura LoGerfo, Austin Nichols, and Duncan Chaplin
Urban Institute
March 2, 2007
 
Analyzes gender differences in math and reading tests for four racial and ethnic groups over six time periods.
 
Gender differences in academic achievement have long fascinated researchers and policy-makers alike. In this paper we analyze differences in math and reading test score growth rates by gender for four different race and ethnic groups—white, black, Hispanic, and Asian students—for six different time periods. Our data cover both the earliest years of education and the crucial years of adolescence. In addition, we have data bracketing one non-schooling period. Together these data enable us to get a very complete picture of how gender gaps evolve over the course of early elementary and high school years and how these trajectories differ by race and ethnicity. While the gender gaps are not always statistically significant, they are for 15 of 48 comparisons made, all during school. In addition, all of the statistically significant results suggest that males learn more math and females more reading during early elementary school and again during high school.
 
An abstract and introduction and the full report are available.

Early Head Start and Teen Parent Families: Partnerships for Success

Center for Law and Social Policy
February 26, 2007
 
Focuses on how the services available through Early Head Start can support the special needs of families with teenage parents.
 
This issue brief focuses on the special needs of teenage parents and their children ("teen parent families") and on how the unique set of services available through Early Head Start (EHS) programs can support them. Teen parent families face multiple risks, risks that may be substantially different from those faced by families with older parents and that may be further complicated by issues involving disability, abuse, or neglect. These issues are interrelated and must be integrated and addressed as programs design services to meet the needs of this population.
 
For full brief, click here!
 
Early Child Care Linked to Increases in Vocabulary, Some Problem Behaviors in Fifth and Sixth Grades
National Institute of Child Health and Human Development
March 26, 2007
 
Looks at the link between quality of child care before entering kindergarten and increase in vocabulary and problem behaviors in fifth and sixth grade.
 
The most recent analysis of a long-term NIH-funded study found that children who received higher quality child care before entering kindergarten had better vocabulary scores in the fifth grade than did children who received lower quality care.
 
The study authors also found that the more time children spent in center-based care before kindergarten, the more likely their sixth grade teachers were to report such problem behaviors as "gets in many fights," "disobedient at school," and "argues a lot."
 
However, the researchers cautioned that the increase in vocabulary and problem behaviors was small, and that parenting quality was a much more important predictor of child development than was type, quantity, or quality, of child care.
 
The study appears in the March/April 2007, issue of Child Development.
 
For full article, click here
 
Other News and Research 

Kids’ Share 2007: How Children Fare in the Federal Budget

By Adam Carasso, C. Eugene Steuerle, and Gillian Reynolds
March 15, 2007
Urban Institute
 
Reports on trends in federal spending on children from 1960 to 2017, looking across over 100 major federal programs, including tax credits and exemptions.
 
This study reports on trends in federal spending on children from 1960 to 2017, looking across over 100 major federal programs, including tax credits and exemptions. Children’s spending increasingly shifted from broad-based programs to programs targeting low-income or special needs children over the 1960 to 2006 period. Thirteen major programs enacted between 1960 and 2006, which include Medicaid, the earned income tax credit, and Food Stamps, comprised 65 percent of federal spending on children in 2006. Overall, federal children’s spending increased in real terms from $53 billion in 1960 to $333 billion in 2006, or from 1.9 to 2.6 percent of GDP. Yet as a share of federal domestic spending, children’s spending declined from 20.1 to 15.4 percent. Meanwhile, spending on the automatically growing, non-child portions of Social Security, Medicare, and Medicaid, nearly quadrupled from 2.0 to 7.6 percent of GDP ($58 billion to $993 billion) over the same time period. Over the next ten years, children’s programs are scheduled to decline both as a share of GDP and domestic spending, because they do not compete on a level playing field with these rapidly growing entitlement programs.
 
An abstract and a full report are available. 

It's Wednesday…how much money did you save today?

And you thought it was just another Wednesday, when in actuality today was the kick-off of the DC Saves campaign with the first "Money Saving Wednesdays" seminar! 

First reports indicate that 30 people attended–primarily Department of Insurance, Securities and Banking (DISB) and D.C. government employees–and that as of the end of the day, there were already 10 completed enrollment forms signed and several people promising to make monthly deposits to accounts opened as a result of DC Saves.

These folks are now officially DC Savers, a proud title earned, according to the Mayor and DC Saves, by "anyone who agrees to save regularly for a specific goal such as a rainy day fund, car or home purchase, college tuition, retirement or debt repayment and reduction.  DC Savers set monthly saving goals of as little as $10, and then develop a strategy to deposit this amount to a savings account each month.  District banks have signed on by offering savings accounts to DC Savers at no cost for 12 months."

For more information on DC Saves, National Financial Literacy Month and the importance of financial literacy for our communities (and pocket books), check out our earlier post this week and the new DC Saves Web site, which will be live soon. 

In the meantime, turn your Wednesdays from blah to bank with this informational series sponsored by a partnership of Mayor Fenty, DISB, Capital Area Asset Builders (a Grantee Partner!) and DC Saves!

According to the Mayor’s press release on the seminars, “Encouraging District residents to check up on their personal finances during tax season in April will help individuals and families reduce debt, save money and build wealth.  Financial literacy and education are critical to enabling people of all income levels to achieve their personal financial goals, and maintain and improve their quality of life.”

Money-Saving seminars are a key part of the strategy.  Straight from the Mayor himself (or, well, his very official press release): 

Throughout the month of April, DISB will take its Money-Saving seminars into the community starting with District government employees. During the weekly noontime seminars, attendees will be able to sign up for the DC Saves program. To RSVP, please e-mail Michelle Phipps-Evans.  Feel free to bring your lunch.

WHAT: Money-Saving Wednesdays financial-education seminars
WHEN: Every Wednesday in the month of April, from noon to 1 p.m.
WHERE: 810 First St., NE, Suite 701. Call (202) 727-8000 for information

TOPICS:

April 4 – Making Saving a Habit
April 11 – Five Keys to Investing Success
April 18 – ABCs of Saving for Education
April 25 – Planning a Worry-Free Retirement

Why not?  Make Wednesdays worry free with the end of (or at least an improvement on) your financial woes. 

Knowledge, as they say, is power! 

(And don’t forget to bring your lunch from home…that’s $6-10 in the bank!) 

A holistic approach to wage-gap warfare (or, at least, heated discussion).

My, oh my, the blogosphere is all a-sizzle with talk of the wage gap. 

Not over whether there is one (there’s progress for you), but whether it matters.  And whose fault it is, of course.

It started like this: Feministing took Carrie Lukas of the Independent Women’s Forum to task for her recent Washington Post column on how, in sum, the wage gap is really the fault of women for choosing the wrong careers, staying home with children, prioritizing money less and being unwilling to do the "tough" jobs men do. 

I will confess that reading her op-ed got my feathers in a ruffle.  But, being the rational, responsible, informed blogger-type that I strive to be, I set off to do some independent research.

I checked out some information on the book Carrie cites, Why Men Earn More: The Startling Truth Behind the Pay Gap and What Women Can Do About It by Dr. Warren Farrell.  Not having time to read the entire book, because my boss actually insists that I work while I’m here, I consulted a review.  The review explained that the book cites these issues as a significant factor in why women continue to earn less than men throughout our society:

1.  Women choose fulfilling, overly saturated jobs and careers.
2.  Women avoid well-paying, but risky work.
3.  Women avoid nontraditional fields.
4.  Women ignore career paths that would make them more upwardly mobil.
5.  Women work fewer hours. 

I found my feathers, again, ruffled.  But wasn’t sure why.  Was I having a knee-jerk reaction, unable to look the truth in the eye and see that really women’s issues are a result of women’s own, well,  issues?   

Nah, I didn’t think so.  Given my last post on pay equity for women, I’m a girl who can own my gender’s stuff as a means to empowerment when necessary. 

No, it felt like something more than that.  It basically just felt like something wasn’t quite right, wasn’t entirely accurate here.  That part of the picture was obscured.

So, of course, respectable blogger and all that I am, I checked the assumptions. 

1.  Women choose fulfilling, overly saturated jobs and careers (that pay less). 

Really? 

Because according to a recent article, "10 Industries Where Women Rule," women are moving upwards and onwards in fields like: healthcare (78%), employment services (57.4%), educational services (69%), social assistance (73.8%), pharmaceutical and medicine manufacturing (46.3%), advertising and PR (52.3%), day care (95.8%), insurance (60.9%), hotels and lodging (57%) and advocacy/grantmaking/civic organizations (66.9%).

Health care is currently experiencing a serious nursing shortage, and has been for many years.  As far as I know, quality educators are also equally sought after and increasingly harder and harder to find.  The pharmaceutical field seems to be faring similarly.

And the issue in these fields (well, education and nursing in any case) is that, by and large, they do not pay well.  Often, to be a teacher, a second income (either from a spouse or second job) is required if one is to be able to afford a reasonable standard of living.

Not to mention that these fields require ongoing education and certifications, none of which is free.

So, I would ask, is it really fair to say that the wage gap is a result of women’s tendencies towards saturated, overly desirable fields, when a number of the top fields employing women now are some requiring the most rigorous, difficult work with extreme stress (children and lives in your hands), difficult hours and generally low wages?

Rather, as per my last post on the inequity of women’s wages and advancement in the nonprofit sector (despite their being the overwhelming majority of employees), I would contend that the issue is that these sectors–despite their overwhelming importance and service of fundamental needs in our society–go largely undercompensated and undervalued.

Whether this is because they have always largely been fields occupied by women, or because of a general societal statement about their worth as industries, I won’t speculate.  Because in the end it doesn’t matter.  What matters is that women continue to subsidize–at the expense of their own economic security and equity–these fields crucial to our social makeup.

So is the only solution really that we discourage women from taking these jobs, that we narrow even further the already slim applicant pools and further drive down quality? 

Or do we, perhaps, as a society, determine that perhaps these fields warrant the pay, respect and advancement opportunities worthy of the services they provide–that it no longer be acceptable to pay less for "women’s work" (which we do) just because it is done by women?

2.  Women avoid well-paying, but risky work. 

Or, again, perhaps our society has mis-defined "risky" work.  A recent report done on trade union initiatives revealed that, in fact, it is a signfiicant misperception, in Europe and in the U.S., that, men do the physical hard work and women do not.  The report states, "Men do heavy, dangerous work, women do light, safe work – so it’s men that are at risk of musculoskeletal disorders. Nothing could be further from the truth."   

So, while no, women may not be terribly prevalent in The 10 Most Dangerous Jobs in America, it is not entirely correct to assume that their pay is a reflection of the physical risks associated with their work.  There are risks (carpal tunnel syndrome, mental health strain, dangerous locations, contact with aggressive people, etc.) related to a number of industries that employ a number of women that are underestimated as a source of emotional, financial or phsycial strain on employees.

3.  Women avoid nontraditional fields.

I guess if this were entirely untrue, the fields wouldn’t be considered nontraditional. 

But I must say that given the number of successful training and placement programs for women to prepare them for nontraditional careers funded by The Women’s Foundation–from construction to telehealth to security to real-estate–I have trouble accepting this outright.

Then there is the fact that the barriers to nontraditional work for women are not minimal–and are not controlled by the women who may or may not choose to go into those fields.  Barriers include sexual harrassment (in classrooms and on the job), unsupportive friends and family, lack of role models, lack of access to education, training or experience, lack of support services (child care, transportation) and discrimination on the job.

So, while yes, increasingly women entering nontraditional industries and jobs will help increase their pay equity and economic security, there are very real, complex societal and industry-based barriers to these careers that must also be addressed. 

As a case in point, programs such as those funded by The Women’s Foundation do so, and women engage in these trainings with great enthusiasm and success.

And with that, I’ll stop.  Numbers 4 and 5 are another post for another day.

For today, I wanted to just add my two cents to this dialogue with a statement that conversations that continually assert that the wage gap is entirely the fault of women’s choices concern me deeply because they ignore and invalidate two of the primary changes that need to be made to ensure economic security and equity for women:

1)  Increased pay, respect and value of fields traditionally occupied by women–which, I feel, would not only benefit women, but society as a whole through increased quality of important social services such as health care, education, mental health care, etc.  Underfunding and underpaying these fields is a disservice to everyone–not just those who work in them. 

2)  Elimination of barriers to nontraditional fields and increased support services to enable and encourage access to those fields for women, which must include a true understanding of–and commitment to addressing–the complex factors that inhibit women’s participation. 

There, said it.  I can feel my feathers unruffling as I type. 

For more information on some exciting programs doing excellent work locally on removing the barriers to nontraditional work for women, check out the Goodwill’s construction training program for women or Northern Virginia Family Service’s Training FuturesCommunity Preservation and Development Organization has also had a successful training in telehealth and Casa of Maryland continually encourages women who take its English and women’s program courses to apply for jobs traditionally held by men. 

There are multitudes of others, all of whom are doing the heavy lifting necessary not only to evaluate and determine those fields that will be increasingly lucrative and accessible to women, but providing the services and support necessary to help them get there.

And that’s what I call a holistic approach to the wage-gap. 

Women in nonprofits…paying too high a price?

Today, I was most fascinated to come across a blog post at The Chronicle of Philanthropy titled, "Why Women are Held Back in the Nonprofit World."

I was even more fascinated to see that it was based on actual research, and not just the anecdotal tidbits and random theories I’ve long used with my friends to try to explain this phenomenon.

Which, based on our collective experience, and the experience of our friends and people we hardly know, we are fairly certain exists.

And clearly does, since now it’s on the Internet.  And in The Chronicle, no less.  And everything either on the Internet or in The Chronicle has to be true.  And if it’s in both, well, I dare you to argue.

But let me get to the point, before I italicize us all to death.

The blog cites research done by Futures Leaders in Philanthropy (FLIP), reported in an article called, "The Women’s Sector? Not Quite," which finds that:

  • Women hold 68 percent of nonprofit jobs, but,  
  • They are scarce when it comes to running the biggest organizations and they earn less overall than their male colleagues.  Also,
  • Almost 85 percent of the chief executives at nonprofit groups with budgets of at least $50 million are men and,
  • Men in all nonprofit jobs earn a median compensation that is 28 percent higher than that of women.

Dude.  Or dudettes, I should say.

Why?

Well, our friends at FLIP speculated, of course.  They came up with a few theories:

  1. Women may fill the majority of nonprofit jobs because, if married, they feel less pressure to be the primary breadwinner, so they can give priority to their “feel-good” career goals.
  2. In terms of wages, women who grow within organizations can find themselves on the bottom of the pay scale at each promotion, whereas men who come to organizations from the outside more often demand to be hired on their previous pay scales.
  3. Nonprofit groups should do more to bring women into senior management positions for the good of the charity.  In a study of 353 Fortune 500 companies, it was found that companies with the highest number of women in senior management positions had a 34 percent higher return to shareholders than companies with the lowest number of women in such positions.

Interesting theories all.  And I have some to add (which The Chronicle encouraged, so it’s okay).

1.  The payscales and number of opportunities within the nonprofit world are a mirror of societal values–we value helping the homeless and free tax education less than we do celeb magazines and Coca-Cola, and therefore we invest less in it. 

Heck, we’re way more likely to contribute to the fight against AIDS when there’s a Red iPod attached, right?   

As a result, there are fewer opportunities and funds to go around, and where funds and opportunities are slim, women have always traditionally been the least likely to cash in.

2.  This is compounded by the fact that women, typically, don’t ask.  Which has been documented thoroughly in a book by that same title (which is worth a read) which explains that in many respects, women don’t earn as much as men in great part because we don’t ask or expect to. 

We have the best natural negotiation skills, but we, for whatever reason, are far better at using them on behalf of others instead of ourselves. 

So again, smaller pie, less to go around, so you use it on those who are more likely to demand a higher salary, what they’re worth against a fair market and the opportunities that match their skills: men. 

Women therefore are left holding the remaining positions and salaries.

3.  People in nonprofits are largely values driven.  That is why they’re there. 

But my sense from numerous discussions with women, including a recent one at a Women’s Information Network nonprofit networking event, is that women are more prone to be swayed by guilt in salary negotiations when confronted with the whole "contrast between what we could give you vs. what we could give the children or women or beneficiaries of our work" card. 

(I’d be very curious, however, to know, if that card is played more, on average, with women than men, but my anecdotal jury hasn’t turned up a decision on that yet.) 

And it’s possible, of course, that women play that card on themselves before the negotiation even begins–that we tell ourselves that to work in the nonprofit sector, or to do good, we are expected to make sacrifices.

Maybe men just don’t expect the tradeoff.  

In any case, if these trends continue, it seems that it will continue to be yet another–albeit subtle–way that women subsidize societal advancement and welfare.

But at what cost? 

Pursuing Happyness: Wishing Chris were Christine…

I love Will Smith. And I loved his new movie, Pursuit of Happyness.  

Like Blood Diamond, it falls into a new category of movies I’ve developed, called Amazingly Important and Well Made, But Really, Really Hard to Watch. 
 
Because they’re true, and feature the needless suffering and struggle that result from unjust systems, and it’s painful to keep watching as things get worse and worse for people trying to live honest lives and care for their families.
 
Chris Gardner’s story in Pursuit of Happyness shows how easily people can fall through the cracks when they’re living paycheck to paycheck and barely making it, even when they’re working and doing their best to care for their children. 
 
How divorce can mean a sudden, unexpected loss of crucial income, or a car necessary to earn a living can be impounded or sudden illness or theft can mean the difference between living in a home and fighting to get into a shelter. 
 
And how sometimes doing what needs to be done to make a step up, to change a life and make professional progress can be more of a short-term setback than taking a long-term, low-wage job.  Because sometimes the internships and trainings are unpaid, so, without support, the six month training that could bring a family out of poverty and into progress becomes unattainable and impossible.
 
So I couldn’t help but appreciate Chris Gardner for telling his story, and Will Smith for bringing it to life. It’s an important story, and one that we should see and understand visually, because it’s happening all the time, every day, in every city we live in.
 
But I must admit that while I found it very moving that Chris was such a powerful father figure for his son, I did still find myself wishing that Chris had been a Christine.
 
That this story could have been seen through a woman’s eyes, since in the majority of cases, these stories are those of women. Nationally, 85 percent of custodial parents are women, who, on average, earn $24,000 annually.  In Washington, D.C., 30 percent of women-headed families live in poverty.  Nationally, it’s 27 percent.

I guess I just hope that the many who see this movie will keep in mind–as they watch this story of the daily struggle that low-income, single parents go through to move themselves and their children to better lives–that typically this is a woman’s story.

That movies are usually made because they’re unusual, and not about the realties we see every day.  

Philanthropic leaders salute Stepping Stones!

Philanthropic leaders gathered today at the Washington Regional Association of Grantmakers Annual Meeting had many different opinions and thoughts on issues of local and national poverty, but they all seemed to agree that The Women’s Foundation’s Stepping Stones program is to be lauded as an effective, innovative leader in transforming lives.

In a discussion on sustainable, meaningful efforts to address poverty, Ralph Smith, Senior Vice President of the Annie E. Casey Foundation, called Stepping Stones an "amazing effort" and stated, "Those supporting that effort should be congratulated, because you’re pointing the way."

Patricia McGuire, President of Trinity (Washington) University and one of The Washingtonian’s "100 Most Powerful Women of Washington," thanked The Women’s Foundation for its work on building the financial skills of area women, a primary component of Stepping Stones. She noted that the Stepping Stones approach is an important and effective one because it addresses poverty by moving from charity to investments that empower people to sustain change in their own lives.

To learn more about why Stepping Stones is viewed as a leading model in addressing poverty and empowering women and their families, check out the program’s latest report, Stepping Stones 2006: Paving Women’s Pathways to Economic Security. It explains how 5,500 women saved nearly $3 million while shedding more than $72,000 in personal debt, and more!

Where’s the Money?

Yesterday, I attended a forum which focused on the future of wealth and giving in the Washington, DC area. Paul Schervish, one of the premiere academics on philanthropy led the conversation about the enormous transfer of wealth that will occur in the Washington region, how non-profits can tap into it, and what it could mean for our community. It was a fascinating conversation.

Here are a couple of the highlights that stuck with me:

  • Through 2055, an estimated $2.39 trillion will change hands in the Washington DC region as assets are passed from one generation to the next.
  • Almost 1/5 of this wealth transfer, $460 billion, is anticipated to be given to charitable and other non-profit organizations.
  • There are currently 198,571 households in the Washington DC Areawith $1 million or greater net worth.
  • These top 10% possess 68% of the total wealth in the region.
  • 10,568 households are living here with $10 million or more of greater net worth. Less than 1% of these households own 20.1% of the total wealth in the Washington region.

These are just a few facts to get you thinking big about what’s possible. Washington is a generous community and we are a complicated community with extreme resources and need. We have worked hard to create a vibrant regional economy, but we have a long way to go to ensure that prosperity touches all families and neighborhoods.

  • In the past 10 years, the number of people living in poverty in the District of Columbia increased 32%. To put a human face on it – 70% of families living in poverty are women-headed families.

We have an incredible opportunity to think boldly about new ways to combating tough issues like deteriorating schools, not enough quality early education for kids, and growing violence.

Engaging the families who have earned or inherited this new, seismic wealth is one of the most exciting opportunities for the non-profit sector to seize.

Washington Area Women’s Foundation and our network of donors exist to bridge the worlds of resource and need. Join us for a briefing this week to learn about some outstanding organizations producing results. To register go to www.thewomensfoundation.org/

What are your thoughts?