News & Media

Philanthropic Wokeism Undermines Free Market Principles

RealClear Markets recently picked up an op-ed from Rick Graber discussing how many large foundations are now prioritizing social justice in all grantmaking. Rick’s premise is that while well-intentioned, there has been almost no scrutiny of grantmaking that supports social justice activism. Have the billions of dollars spent on it resulted in greater equity and quality of life for those it purports to help? Or does philanthropy that singularly looks at grantmaking through a lens that judges people by their gender and ethnicity both set America back and undermine the principles of free enterprise that have improved far more lives than any government or social justice program?

You can read the op-ed in its entirety here.