Philanthropists must feel ‘uncomfortable’ to switch sectors, says Ford Foundation chairman By Reuters

2/2 © Reuters. FILE PHOTO: US dollars and other world currencies lie in a charity receptacle at Toronto Pearson International Airport 2/2

(Reuters) – Philanthropists should feel ‘uncomfortable’ and acknowledge the benefits some of them have gained from a system of social and economic inequality exacerbated by the coronavirus pandemic if philanthropy focuses on justice rather than charity, Darren Walker, president of the Ford Foundation said Wednesday. “The job of philanthropy should be to pursue justice and dignity, which requires philanthropists to feel uncomfortable because it requires philanthropists to acknowledge their guilt under the conditions that cause injustice,” Walker, who has been in command of a of America’s largest private foundations since 2013, he said during an interview at the Reuters Next conference. Warren, who grew up poor in a small Texas town in the 1960s before rising to the upper echelons of society, advocated for greater transparency of philanthropic organizations to ensure accountability for how dollars are spent. exempt from taxes. He also said that philanthropic organizations should provide more unlimited support for projects. “I think what we have too much of are investors, philanthropists, who say, ‘I know what to do’ instead of treating you like the leader of an organization.” Last year he forced a reckoning, spurred by the pandemic and nationwide protests against police brutality, over deep-seated historical inequalities experienced by historically marginalized groups, including black and brown Americans. Walker said he wants to focus on strengthening democracy. “We have to talk about the reality that we have a white supremacy system,” Walker said. “The ultimate answer to the reparations question is democracy because when we become a more democratic America, we will not need reparations. We will have an empowered citizenship in which blacks, whites and brown Americans share in the abundance of this country.” For more information on the Reuters Next conference, click here. [add link to the Take-a-Look] or www.reuters.com/business/reuters-next To watch Reuters Next live, visit https://www.reutersevents.com/events/next/register.php

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