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The type of intervention
Conduct a power analysis.
Engage in somatic and embodied leadership training that addresses social position, rank, trauma, and race.
Get data about inequities in the allocation of funding in your region along racial and cultural lines. Measure your organization’s prior investment in BIPOC staff and grantees: culture-bearers and culturally-grounded organizations. Set internal and external benchmarks and practices for repair.
Do diversity, equity, and inclusion training that is led by artists and culture-bearers.
Take time during the workday to educate your group (public sector workers, investment and program staff, and board members) about the Solidarity Economy and the co-ops, credit unions, land trusts, and other entities in your region.
Learn about distributed leadership and worker self-managed nonprofits.
Join a peer network and/or giving circle to support ongoing transformation.
Conduct listening sessions with grantees, stakeholders, community members, and the people most impacted by grantmaking decisions.
Engage artists and staff in transformative justice and conflict transformation work.
Practice distributed leadership and/or become a worker self-managed nonprofit.
Movement leaders and community members make decisions as non-board members or board members.
Enable arts community-led participatory grantmaking for public arts monies.
a White-led family foundation to a foundation led by a multiracial community board.
Create a giving circle or donor collaboration that centers culture and Solidarity Economy work.
Foundations (partner with a nonprofit to) provide fiscal sponsorship for investment cooperatives and mutual aid groups.
Offer technical assistance and support from your legal counsel to help co-ops get incorporated.
Fund communities to own their own property.
Use your assets to secure loans for BIPOC arts and culture groups. Collateralize nonprofit property and assets to help BIPOC arts and culture centers access loans at much more favorable terms than if they had applied alone.
Be early investors and technical assistance providers for community-owned businesses.
Be early investors in cooperative financial institutions.
Support culturally anchoring grantees to have long-term affordable rental, to pay or buy out the mortgages, or act as guarantors to renegotiate these debts.
Support intergenerational land stewardship and reparations work.
Support culturally-grounded and community-led giving circles, peer-lending, and funder collaboratives.
Support peer-mentorship networks of grantees and culturally-grounded organizations who are working for the Solidarity Economy.
Support community currencies, local currencies, and time banks.
Support Solidarity Economy education for culture-bearers and artists to create initiatives and to support existing initiatives.
Be a guarantor for any kind of debt.
Support land bank initiatives.
Provide patient or low-interest loans that allow intermediaries, including CDFIs, to provide flexible terms to small businesses such as royalty financing and convertible notes.
Move deposits and fixed income portions of the investment portfolio to community development financial institutions such as credit unions.
Share your investment portfolio publicly or in peer group contexts to invite opportunities for accountability and collaboration.
Create donor-advised funds and partner with fund managers to establish program-specific funds to directly source, evaluate and underwrite investments.
Revise investment policies and mission/vision/bylaws to include support for the Solidarity Economy.
Add financial and investment advisors who have knowledge and experience investing in the Solidarity Economy and culture.
Make portfolio investments that are mission-aligned and operating in concert with grantmaking.
Make bold investments in the Solidarity Economy.
Join a peer group to continue learning about transforming finance.
Increase your “spend rate” to 10% or more or spend down the endowment.
Make concessionary or below market investments that support the Solidarity Economy.
Support the development of relationships and collaborations between strong regional networks with a focus on culture and the Solidarity Economy.
Support the development of relationships and collaborations internationally with a focus on culture and the Solidarity Economy.
Support existing business development and technical assistance providers in arts and culture to work with existing Solidarity Economy groups, and vice versa.
Support cross-sector collaborations and supply-chains and technical assistance for culture and Solidarity Economy.
Create culture and economic justice portfolios; reward collaboration across culture and economic justice portfolios.
Fund communications strategy and media at Solidarity Economy institutions and networks.
Fund permanent research centers for Solidarity Economy and culture
Convene Solidarity Economy lawyers and financial innovators and center culture-bearers, artists, and culturally-grounded organizations.
Convene the next generation of public sector workers with culturally-grounded organizations, artists, and culture-bearers.
Transform due diligence processes to include and account for three additional questions: Does it spread power? Does it spread wealth?
Does it root community wealth and power?
Invest with BIPOC financial partners—even at investment firms without a stated commitment to investing in BIPOC—evidence suggests venture capital firms led by BIPOC are also more likely to support investees or communities of color.
Work to reach outside of your network because evidence suggests people tend to build networks within their race or ethnicity.
Bank at Black-owned banks.
Support the organizations that are already doing Solidarity Economy and co-op Policy Advocacy advocacy.
Advocate for guaranteed basic income.
Support public procurement from Solidarity Economy entities; hire artists and culture-bearers as full-time employees.
Support peer-to-peer Policy Advocacy exchange.
Support artists, culture-bearers, and cooperative and solidarity entrepreneurship programs in public education and in the Workforce Innovation and Opportunity Act.
Support the Cultural New Deal and People’s Works Progress Administration.
Advocate for increased minimum payout rates.
Center culture in community benefit agreements.
Expand the Community Reinvestment Act.
Link to your organization or more info about this practice (public,
linked to the website)