A mess of ethical philanthropy, mo’ money mo problems and inheritors *without* the fur

00:00:00: but also people just affected by things, and you listen to them.

00:00:05: And do things

00:00:06: together.".

00:00:07: This is the participatory thing.

00:00:10: You say that money I have can be employed?

00:00:15: It's not there for exercise control or yes we want it wisely because where people are ready let go of It could be much more if you look at the wealth and I mean it makes me sick.

00:00:33: The behavior of the super rich.

00:00:53: Hello my glucose guardians, my sucrose subsidizers My carbohydrate caretakers Its your favorite sugar baby Tiffany Kogore.

00:01:03: mogo Back for another episode on what is this hot mess?

00:01:08: A podcast that sits with fire feminists from across the globe to figure out why the world is hot trash right now.

00:01:20: on company time, right?

00:01:44: It was such a vibe.

00:01:46: And now in this episode we continue the conversation about The Coins and speak to Issei Bosch.

00:01:53: Issei is founder of Dry Linden has been moving through funding space for over fifteen years dabbling into realms human rights women sexual minorities.

00:02:03: her book giving with trust discusses how can turn power money And being an inheritor, she has the gravitas to be talking about these things.

00:02:14: She also wrote Donating Better A Guide To Sustainable Commitment.

00:02:18: In all of this her day job is actually being a musician and you know what?

00:02:24: She also drives a ferry at weekend because why not

00:02:33: So... This took awhile.

00:02:36: They say come into money.

00:02:38: right in English.

00:02:41: My grandfather was company founder in the family.

00:02:46: So I was given part of this even at birth, so i really grew up with that weird kind of consciousness not consciousness of being rich because if you're wealthy you know that's like the air you breathe...so it's not a topic now that's the podcasting itself.

00:03:06: right but it does happen and with highly educated parents, with good values actually.

00:03:21: It was a relatively like for my environment the relatively normal upbringing.

00:03:28: they made sure we weren't concerned too much With all that inheritance.

00:03:34: We lived really close by on that wealth but didn't feel it so Much.

00:03:38: part of That is if you're very rich You know?

00:03:46: There were nannies, yes.

00:03:49: But not as much.

00:03:50: you would think there was nice holidays but no flying really or we hardly went to a restaurant and things like that because it was post-war Germany where they had experienced scarcity Not really hunger for scarcity.

00:04:09: They have this strong work ethic And the kids brought up their way.

00:04:14: So I learned a proper job, which is music.

00:04:19: And it also felt like better to develop something like this than get into the money world and its even called that because they were highly educated.

00:04:34: They kind of looked down on people who display too much wealth.

00:04:39: It's very interesting because only since I got into philanthropy am i meeting other rich people besides my family.

00:04:46: My environment was, you know, bourgeois decently wealthy but not super-rich.

00:04:55: and that really came about through my own choosing at work which is... At some point it really was US People That I went to school with Nice, leftist private college in the US.

00:05:12: They got me to the place of saying put your money where you mouth is.

00:05:16: if You are kind of lefty and concerned with justice and global Justice and queer issues And at that time was gay lesbian issues.

00:05:27: Then put your Money there.

00:05:30: So from then on I started building organizations That have to do With inherited wealth or any wealth noticing.

00:05:39: There was some of cool stuff organizing happening in the States ever since the nineteen seventies.

00:05:46: Like foundations, community foundations with participatory processes.

00:05:51: they had them then kind of like alternative type philanthropy and I went to study that there were some courses on that something called The Philanthropy Workshop.

00:06:03: um a follow-on actually still exists.

00:06:07: it's called Forward Global And young people like me or older, can go there and study how to do trust-based philanthropy.

00:06:17: How to let it go?

00:06:18: By the way this is a topic I'd love to bring in where actually money values even something like deep felt emotion that's not so far from erotic... Actually go together!

00:06:37: which is this whole letting go thing.

00:06:39: Which I think it's the biggest thing for wealthy people, privileged people upper-class people even people who come into new money People who end up For some reason or other in positions of control Especially if they're bred into this.

00:06:58: They have to learn how let that get off That If they want to come to collective action Or action of solidarity.

00:07:06: It's the learning of letting

00:07:14: go.

00:07:28: These ODA cuts are already having a significant effect on philanthropic support through both direct funding losses and the rapid depletion across the broader ecosystem, increasing overall demands.

00:07:42: I want to take this moment to address.

00:07:54: Funding is the general allocation of money to achieve a specific, usually short-term objective.

00:08:00: Philanthropy is long term mission driven approach addressing root causes for social problems.

00:08:08: While all philanthropy is funding not all funding is philanthropic.

00:08:14: What do we as civil society activists look at?

00:08:17: We try and find solutions that involve grassroots Right?

00:08:24: We assume and find, confirm that people at grassroots know best.

00:08:30: The people affected actually have a say now.

00:08:33: That is the world we've been developing.

00:08:35: but there's another word out there that says control top-down.

00:08:41: if you're managed to become very rich it's yours.

00:08:47: You are supposed to exercise and keep control.

00:08:53: What

00:08:53: is the global flow of money looking like?

00:08:56: I'm so happy, you

00:08:57: asked.

00:08:58: According to one comprehensive analysis The US has one of the largest philanthropic sectors globally with total charitable giving reaching an estimated five hundred and ninety two billion in twenty-twenty four!

00:09:11: The majority of this comes from individuals but foundations and corporations are also big money players in space.

00:09:20: Europe has about a hundred and eighty thousand foundations that donate an estimated sixty billion euros annually to two point eight million charitable organizations.

00:09:33: Most European Foundations have emerged in the last two decades, so it's giving kind of young blood when he comes into this sector but according to reports its maturing fast.

00:09:43: It is kinda shady.

00:09:44: they took them long too get into game.

00:09:46: But hey!

00:09:47: Look at least finally come to party.

00:09:50: It's a real mixed masala situation over there with a lot of diversity in its philanthropic culture, regulatory frameworks and also giving patents across all the various countries.

00:10:03: Now... The sector you don't often think about being in the philanthropics space is the African Sector but African Philanthropy is actually

00:10:12: a thing!

00:10:13: because everyone always assumes that the money is being donated here, but in this context it actually extends far beyond the formalized Western models often encompassing rich traditions of community support religious giving and also mutual aid.

00:10:30: The continent demonstrates remarkable innovation in philanthropic approaches often driven by necessity.

00:10:39: Of course, this is a feminist podcast so we have to talk about the giving of girls and women.

00:10:52: Giving to women in girl's organizations exceeded ten billion for first time in twenty-twenty one though that represents less than two percent total charitable giving in United States.

00:11:05: While this milestone was significant it also still reveals how underfunded gender equity work remains relative to the need for it.

00:11:14: Ask any of the women or girls NGOs in any country and they will echo this

00:11:21: wholeheartedly.".

00:11:23: In The Too Southern To Be Funded report that I mentioned, there is Tide Aid & Untied Aid.

00:11:31: Tide aid needs to come through organizations.

00:11:38: This makes it so that there are long-standing calls for a more equitable and decolonized development sector.

00:11:45: But the problem is, The money still collated in global minority And you know what they say In words of Biggie Smalls More Money More Problems.

00:11:54: Sometimes even wealth comes with strings.

00:11:57: So You have to figure out how to shake off those shackles

00:12:08: And actually There's many wealthy families where That also gets handed down.

00:12:13: I don't think there's much to be envied.

00:12:18: If you grow up as an inheritor with the charge that money, that your inheriting is not really yours it's kind of a loan and you're supposed to pay back to your family by being super successful.

00:12:31: Not a nice life.

00:12:34: There are lots of stress involved in this model.

00:12:38: The alternative crossing boundaries.

00:12:44: You kind of leave where you're from, you find people in the intermediary I'd say like good NGOs that run good programs but also people just affected by things and you listen to them and do things together.

00:13:01: this is a participatory thing And as you said... The money i have can be employed.

00:13:09: it's not there to exercise control.

00:13:12: Yes, we want to do it wisely because the money where people are ready to let go of that's not... It could be much more.

00:13:21: if you look at the wealth and I mean it makes me sick!

00:13:28: The behavior of super rich is really really making me sick.

00:13:31: There very little in this world that destroys my day like This news recently, what happens with the person you mentioned already and his furb going public.

00:13:43: And yeah it really is terrible.

00:13:50: Elon Musk's a trillionaire.

00:13:52: y'all like he's a Trillionaire!

00:13:56: Like What does that even mean?

00:14:01: But actually There was a moment there, he was a trillionaire.

00:14:04: It has been walked back because people just be saying stuff sometimes.

00:14:08: and also Was that IPO scam?

00:14:11: Maybe but I digress.

00:14:13: it's actually just wild business.

00:14:16: And before you jump on the whole don't hate The player hate the game thing.

00:14:20: i am hating the game.

00:14:22: What do You even Do with A Trillion Dollars at some point you're not Even doing it for the plot anymore.

00:14:28: Instead of going to Mars, why not make this lovely little pebble?

00:14:31: we're on better?

00:14:32: Also Mars is whack.

00:14:35: Like have you seen footage from Mars?

00:14:38: No one wants to live there.

00:14:40: It's uninhabitable.

00:14:42: So like I'm just saying count me out.

00:14:45: Not that i was really ever counted in But y'know what it's just the principle

00:14:56: Which people have a choice to cross these boundaries, and if they're lucky.

00:15:02: They make good friends at early age and find out that yes you know it's one world?

00:15:09: And this is really the bigger question also.

00:15:12: I walk with a lot of these days as so much breaking.

00:15:17: So we are in time for grief.

00:15:18: actually As donors who have been working on this Donors and anybody working in their field I feel stupid term just using it only for abbreviation.

00:15:36: But as communities of practice, how to come and get out these stupid top-down hierarchical models.

00:15:47: there is also things that we want keep looking ahead And i think makes sense focus on those.

00:15:57: international solidarity has always meant a lot, right?

00:16:03: I know about difference.

00:16:05: It's not about everybody becoming the same.

00:16:07: there is no chance we'll all be the same.

00:16:10: We're so deeply influenced by where we come from and Everybody holds on to the comforts that they have Right!

00:16:17: We have in these global north countries built up A certain segment of society thats really interested In International Solidarity And those are the people that have pushed for development cooperation as flawed, it always was.

00:16:34: But I mean from stateside but also civil society private individuals who you know Have partner organizations on The African continent or wherever in Latin America In East Asia and South Asia is so many connections That we have built And I think these are precious.

00:16:58: These connections, they should be

00:16:59: kept.".

00:17:03: So to what extent is a global minority-slash-global majority collaboration even feasible?

00:17:11: Not everyone is as magical as it's in bringing the good vibes.

00:17:14: How do we

00:17:15: swap

00:17:16: power and balance and continue ensure that the global world balances out as much possible?

00:17:24: It is projected that Global Efficient Development Assistance is projected to plummet by US dollars annually, by twenty-twenty six.

00:17:33: This estimated decline to one hundred and sixty-one billion is projected this year representing a twenty eight percent reduction from record high of two hundred and twenty three billion in twenty twenty three.

00:17:48: Three countries are driving eighty four per cent of the projected ODA.

00:17:54: These nations are in order.

00:17:59: The United States at thirty six billion dollars, Germany at ten billion dollars and the united kingdom at seven billion dollars And all of these are responsible for the vast majority Of this projected annual ODA decrease.

00:18:18: The history of colonization and its modern-day cousin capitalism has meant that certain countries just hold all the financial power, and trickle this down in a form of awe.

00:18:30: Bless!

00:18:30: Let us help you after we rob your type of aid.

00:18:34: Is there way to make it so?

00:18:36: people with money listen those who are doing

00:18:39: work?

00:18:43: I think these spaces need to be developed.

00:18:47: What also needs to be developed is the values of how do this and make sure as a donor you're in backseat, not front seat.

00:18:56: The front seats are people who are closest with work that should be positioned for making concrete decisions on what happens.

00:19:10: proper position is in the backseat, actually not talking like I am talking right here.

00:19:15: Because yes given that we have this ownership thing i have to sign that check or whatever.

00:19:22: um...I need to be informed and I need to open to being formed!

00:19:28: And what happens?

00:19:30: To anyone in the world?

00:19:31: you know a little bit of things That is true.

00:19:37: I think that's kind of a human thing to be susceptible to that, because if it's done with heart even toward ourselves not too hard then we stop doing what you do but just... If we know yes can be corrected will survive.

00:19:57: so actually

00:19:59: we can listen.

00:20:02: Talking about money is awkward as fuck.

00:20:04: You know.

00:20:05: when you're out at a restaurant and the bill comes, And suddenly there's like an extra salad in three shots that no one is owning up to?

00:20:12: It's a tense moment.

00:20:13: So what does it mean To be able come into people and say Like…you have more money than you can shake your stick at?

00:20:20: How about don't be an ass and give some of it away But kindly with sense of equal exchange.

00:20:26: Is this how these conversations

00:20:29: happen

00:20:29: behind closed doors I ask.

00:20:31: they say what it's like to have the conversations around giving and power behind giving.

00:20:37: What does that mean?

00:20:37: To unpack having that power, pay a bill for the whole table... ...and how you make it so that peers

00:20:45: listen!

00:20:46: Can they even

00:20:47: listen?!

00:20:50: I think people are much more ashamed because its kind of automatic when we talk about other people Like I talk over you sometimes.

00:21:01: Right, and we like it too!

00:21:02: It's also an exchange if its eye level is in exchange.

00:21:06: but if one person is there with the money at the other persons they're needing that money.

00:21:12: then We need to talk about other things before a proper exchange.

00:21:17: So how do i do?

00:21:20: As said this international solidarity thing has been huge for me especially in the lesbian world like really, from my heart wanting that any lesbian in the world has another lesbian to talk to at least top.

00:21:37: So um so my learning curve was once I inherited money that i didn't have a plan for this after it had to do with some financial stuff in the family and The lesbian foundation for justice.

00:21:59: And now we have the crossover episode, remember Bob from the previous episode?

00:22:04: Here

00:22:04: is the feature!

00:22:06: Issey and Bob in the same funding universe but years apart.

00:22:10: Kismet if you will or maybe Tiff just plans her podcasting so well and has a deep mastery of time and space because Time is a construct.

00:22:19: But again, crossover episode Because here comes Istria circa nineteen ninety six.

00:22:27: Somebody pointed me there and said they might be able to actually do something good with your money.

00:22:32: And I said, well my idea is any lesbian organization in the world should have a computer talking about the year of nineteen ninety six So that they can speak to each other and increase their outreach them what not?

00:22:50: Anne Catherine AC who was at the helm at that time said Well That's a nice idea or speak two people.

00:22:57: So she did and came back with the answer.

00:23:01: Not every organization needs a computer, some need other things first like if you're in Fiji If you don't have an air conditioned room forget about that computer.

00:23:12: it will not work for instance right.

00:23:16: so That was my beginning of My journey.

00:23:23: really as they say business English to say, hey whenever I have an idea... ...I will speak with others before we do anything for them in place because it would probably be wrong.

00:23:40: So African proverb time the one that i love so much.. ..i should get a tattooed on myself.

00:23:47: but here is if you want go fast then go alone.

00:23:51: If you want far then go together.

00:23:54: Issa is all about international solidarity and learning But the other kind of wholesome part is having a crew with coins who can come together and engage.

00:24:04: So, now I did some Googling yes more my shady googling which was why i have cam on team And found out that internet streets were calling Issei an heiress saying she started network of heiresses She's not having it and requested we toss word.

00:24:23: Apparently, we are moving with the word inheritor which frankly does sound less Disney princesses with fur and a lot more

00:24:32: badass.

00:24:33: So

00:24:33: to go back my African proverb if you want to far-go together even if none of us is wearing chinchilla.

00:24:43: so Inheritor We no longer say heiress.

00:24:46: We're canceling.

00:24:47: that were cancelling airs.

00:24:49: The Airies wore what's it called?

00:24:52: A fur coat.

00:24:53: And we don't

00:24:55: No fur coats.

00:24:56: So your meetings do not have fur coats?

00:24:59: Well, I mean if anybody really wanted to wear a fur coat they'd probably run into some trouble there.

00:25:11: Okay what it is self-organized with along anarchist principles meaning that whoever wants to come and do something can Do Something With the group.

00:25:24: We use open space format, so you can talk about whatever you find relevant.

00:25:28: So we have relevance assured and I think it's like a hundred fifty members at this point.

00:25:35: And yeah condition is that?

00:25:37: You own half a million euro and you have to prove It because we had a journalist once who wrote a nasty article with the kind of expectations like you said, yammering about responsibility and blah-blah.

00:25:55: What it is is a peer to peer place where women will find they have surplus money can go talk about responsibilities essentially concrete issues.

00:26:10: how do deal this with kids?

00:26:14: With the hetero partner who might have a hard time, that his money is not so important in comparison.

00:26:26: This time there was a lot of talk about taxes like demands for tax increase for the super wealthy and how we want to get active about this right?

00:26:38: In the interest.

00:26:43: And there's regional groups where people meet like monthly.

00:26:46: There is an annual federal get-together that includes some Swiss and some Austrian women, um...and what really I think most impressive to anyone coming there is the immediate space of trust that women feel.

00:27:04: they're so much mistrust and hard feelings around money.

00:27:13: somebody will recognize them because they're often not out as wealthy.

00:27:21: I mean, we tend to be the ones in the families who think a lot about things like responsibility.

00:27:29: so many of them actually have jobs that can do social sector Not-so high profile and well paid.

00:27:37: all their colleagues don't get paid Well but they have this money at the background.

00:27:42: So sometimes have a hard time inviting colleagues home, because what if they see how I live?

00:27:52: Insecurities like this.

00:27:55: Now it's nothing to yammer about!

00:27:57: It is nice problem but for many there are so many family stories and you know family tension, family war around money... So Better deal with it.

00:28:14: It's better if you do that than If You Don't, because you just have to.

00:28:19: So To Have Peer Support About This Of Course Is An Ad And Its Just Nothing That The General Public Has So Much Understanding For Which is Fine.

00:28:30: We Get All This Privilege We Have All.

00:28:32: It Has A Huge Upside and It Has Downsides.

00:28:35: So Find Your Way.

00:28:40: Look It'd be like that sometimes.

00:28:42: Sometimes you just need friends who understand your struggles and I absolutely adore, That women come together to support them.

00:28:50: And the magical thing is this collective has been coming together for around twenty-five years!

00:28:57: We love seeing a supportive community because part of theme in our podcast Is more money than problems.

00:29:05: Why are my man catching feelings when his coins aren't as deep as mine?

00:29:09: because of the patriarchy, sweetie.

00:29:11: Because...of The Patriarchy!

00:29:14: You could literally be living a soft life, sipping mimosas staying moisturized and hydrated but your masculinity has you by a chokehold?

00:29:23: Feminism will free us all But some fellas aren't ready for that conversation.

00:29:28: So in interest to handling your bank or business I asked Issei about the notion of sustainable wealth management.

00:29:39: I started managing my own money, and then i wanted to make sure that money wasn't in the wrong places.

00:29:48: At that time it was really out of military...out of nuclear issues ...and so on.

00:29:54: Now this now its carbon And there's so much more one needs to get out.

00:30:01: But actually nobody says what sustainability is.

00:30:06: Actually It Is a German Invention.

00:30:09: Yes, hate to tell you.

00:30:11: It was a forester from I believe the seventeenth century maybe eighteenth-century who really developed the concept of how to harvest and manage forests sustainably.

00:30:25: only to fell this many trees so enough trees would grow back So we'd have an increasing wealth in that forest on the truly long term.

00:30:36: That's where the scientific definition of sustainability goes back to.

00:30:41: Okay, so and then it was much developed also on two other issues that won't land commission and so on meaning you don't take more than your gift if I mean there are So many indigenous concepts had long before that German Forester at the idea Of course right?

00:31:02: It is not an invention Just that.

00:31:07: now we know more because we have more global conversation about this, these concepts has existed in so many cultures.

00:31:14: I personally would take sustainability bigger than just making sure the money stays solid or something like that and The question that comes into this is how much it's enough for me Right?

00:31:32: How much left over.

00:31:36: Issa went on to tell me about the enough movement that sought to think how much is genuinely enough for a person live-on.

00:31:44: So research told me, often termed The Limiterianism Movement puts forward an idea there should be an established cap of personal wealth and earnings led by economists like Ingrid Robbins and movements like Millionaires For Humanity asserts that the extreme wealth concentration creates negative societal consequences, including widening political inequality wage stagnation and acceleration of climate emergency.

00:32:18: Thinkers in the libertarianism movement suggest no individual should be allowed to hold astronomical fortunes for example capping personal wealth radically such as at ten million pounds or euros with excess funds redistributed to the public.

00:32:47: I've been in the artsy world for too long.

00:32:57: It's better, have a little supplement from inheritance side and maybe put something back for old age.

00:33:04: that kind of my situation.

00:33:07: if i reject The tendency that money always has to become more wealth as To increase it does not.

00:33:16: it simply doesn't.

00:33:17: there is so much That speaks against that idea.

00:33:22: For instance, if you want to solve a problem usually try and solve it now rather than in ten years.

00:33:29: It's much cheaper.

00:33:31: This is what they say about climate change Any year that we postpone makes the whole thing so much more expensive.

00:33:40: So actually its economical To give them money now.

00:33:47: Just start spending.

00:33:50: And of course, it's good if you know what to want and really follow a course like for me.

00:33:56: It is international queer solidarity.

00:34:02: But there is another dimension to this which is global capitalism.

00:34:08: extracts money from the places that were colonized or colonized by trade.

00:34:17: There was give back that it's a good thing to give back.

00:34:25: That, to me connects with the international solidarity.

00:34:28: but this is something that needs to come from global minority areas where money has been concentrated.

00:34:36: It needs to go back other places and makes practical sense.

00:34:41: because of course if say I gave my need for foundation in Kenya in West Africa or South Africa, Southern Africa.

00:34:56: They will know better what to do with the money than I well now and then i'd better have the ethics To let them Do What they see right is it's The Right Thing to do And not control It too much?

00:35:08: Now, at this point in the conversation I told Issei that it was touch and go whether i would have ethics to give money back.

00:35:15: Look look look ha ha before everyone starts catching feelings.

00:35:18: This is a safe space.

00:35:20: It really is We can be honest with each other In this parasocial relationship.

00:35:26: Would you get deep down into it?

00:35:30: And let the money flow back and ethically take step back?

00:35:35: No no sit there With your soul and the God that you pray to, ask yourself hard questions.

00:35:43: Would

00:35:43: you

00:35:43: really ethically give them money back?

00:35:48: The way my control issues are set up I don't know if i could but think somewhere on a different timeline there's Tiffy doing good philanthropic work To

00:35:58: offshoot another

00:36:00: time line where Tiff is

00:36:02: full

00:36:03: blown supervillain.

00:36:05: On this timeline, I mainly mind my business because frankly... ...I'm just here for the snacks.

00:36:14: In my case i've really enjoyed some deep friendships with individual people who live in very different areas and to show me their world where it's talking back-and-forth.

00:36:33: Yes, the money is in the field of course but we can also just have friendship talks and I'm more at a learning position there.

00:36:45: And i can show something too!

00:36:48: As you see...I like to share.

00:36:52: so yeah..i've really profited from that and even say it's part of family inheritance here because in my family they've traveled a lot, and even the person who started The Big Making of Money with My Grandfather was into international solidarity.

00:37:11: He was justice-oriented.

00:37:14: he lived through First World War at the beginning of the Nazi period And really...he wasn't the resistance there.

00:37:24: I guess it was partly running an international business that made him rather open-minded.

00:37:30: And he might have been much more directive than I am, but the idea of solidarity is there and the idea off International Justice.

00:37:42: so i think actually thats the biggest thing I inherited.

00:37:45: its bigger then money.

00:37:47: anyone within the realm knows That The Money Is Being Ruled Back.

00:37:51: So one Of the big questions being thrown about Can philanthropy replace funding?

00:37:57: According to the report by The Center for Human Development, Philanthropy won't be able step up and take that big swing.

00:38:22: Because foundations can be more flexible than official donors, they can sometimes move faster take risks that public agencies avoid and invest in issues that fall between the bilateral and multilateral mandates.

00:38:36: Issa told me about dry Linden and how it came about.

00:38:39: so to give a little background And just to get a little caveat DryLinden approaches possible partners to support them In their work.

00:38:47: but one of things you need To know is That They Do Not process unsolicited applications.

00:38:56: This is just an FYI, don't be trying to shoot your shot.

00:38:59: but they do dabble in the realm of gender and social issues as well as LGBTQIA investment.

00:39:24: with meaning relatively large gifts that I was just doing as an individual and a lot through established relationships.

00:39:32: We started with Australia in building up their international program, but a lot of it really built on my own personal relationships And i was hesitant to build-up staff because I had health set up the German women's fund.

00:39:50: so difficulties of larger organizations with proper boards and so on.

00:40:00: And I'd rather be very flexible in this, you know?

00:40:06: It feels sometimes a little bit like a cop-out but instead of having a proper board we're just very fundamentalists in our values.

00:40:15: We've stuck with small staff But for the longest time were two than three And I didn't think it would be so much fun, but the team's just good.

00:40:27: that is a lot of fun.

00:40:29: Any encounter is fun.

00:40:32: It enables us to respond fairly swiftly.

00:40:36: and now we've been in crisis.

00:40:39: first COVID when we learned crisis behavior as a donor But not dropping away from most other funding where we are active, how to respond to that.

00:40:55: So... That's very immediate work and the rest of the work is just a long-term.

00:41:01: And it's also an understanding about ourselves as financial institution.

00:41:07: I think too many donors or staff within foundations see themselves part of civil society.

00:41:17: they want to be donors but they don't see the investment side.

00:41:21: The capital that's there, this is built on and what can be done in impact investing?

00:41:27: And from Impact Investing we got into how could you do Queer Lens Impact investing?

00:41:32: That was a mission to start and it took hiring specialists to build our program around queer businesses.

00:41:41: This thing called DEI lending.

00:41:45: We give loans for medium-sized business the programs in Mexico, and they put this money toward more DEI-inclusive work.

00:41:58: Because we'll have a world where there will be much less money coming from the global north for around the world as we built up and had to hope that it would still increase but not so.

00:42:12: how do groups keep going?

00:42:14: If they just go into pro bono work?

00:42:21: So income is the question.

00:42:22: How do groups develop income?

00:42:24: And they, groups need time and ideas and models and maybe support and legal support how to set up structures.

00:42:35: Plenty more ideas on how to get income into movements that keep them sustained.

00:42:42: so thats the long term work we've been doing for something like seven years.

00:42:48: now.

00:42:51: We really do have to rethink what we are doing when it comes to moving money around the realm.

00:42:55: From rethinking of how funding works, to moving above and beyond the current paradigms and structures.

00:43:01: The time for change isn't fast approaching.

00:43:03: It is here!

00:43:06: The wealth is wilding out And ground is shifting.

00:43:08: So that's why you need to see What we're going

00:43:10: To Do.

00:43:12: The sad thing Is That we can not escape capitalism Because we aren't quite at that Looping back to bartering place yet.

00:43:19: But the convo is happening and you know what?

00:43:21: I have faith in it.

00:43:22: Kinda, maybe... Anyway!

00:43:24: Of course i've thrown some things into show notes to read because we are here for a cognitive workout as well as chat and chillax.

00:43:36: Shout out to the Global Unit of Feminism & Gender Democracy at Heinrich Bohr Foundation that's still hosting this podcast.

00:43:43: guys they're letting me do.

00:43:47: The plot continues to twist.

00:43:49: And also shout out my mix and mastering team, Ray & Sheldon for that post-apocalyptic production!

00:43:56: Thank you also to Cameron Hey Bestie Smith For your dope research and making me look like I know a thing or two about A Thing Or Two Till the next episode.

00:44:06: do capitalist crimes for revolution.

00:44:08: Start a multi marketing scam for movement.

00:44:12: Use your generational wealth To fight anti gender wave because it's all chaos anyway and this is

00:44:20: not

00:44:21: the apocalypse we signed up for.