The article emphasizes that social justice philanthropy extends beyond grantmaking to include the significant impact of investment decisions. Historical examples, such as the divestment movement against South African apartheid in the 1980s, illustrate how withdrawing funds from unjust systems can shift public perception and pressure institutions effectively. Similar strategies are currently being employed in movements against fossil fuel reliance and mass incarceration, where successful divestment campaigns have pressured banks to withdraw investments from harmful industries. The article advocates for viewing divestment and values-aligned investing as essential and proven tactics for philanthropy.
In these perilous times, social justice philanthropy can effectively engage in change by leveraging its financial influence, particularly through divestment and socially responsible investing.
Collection
[
|
...
]