Inside Philanthropy: Climate Justice Pledge Keeps Winning New Commitments, but Many Funders Still Silent
Inside Philanthropy – December 19, 2022
By Michael Kavate
When the Donors of Color Network launched a new campaign in early 2021 to drive more money to climate justice groups led by people of color, the Kresge Foundation was one of the first foundations to sign on. The $4.7 billion institution had, after all, spent the past decade reshaping its grantmaking to focus on equity.
Called the Climate Funders Justice Pledge, the effort has since attracted dozens of signatories, including some of the field’s other biggest players. Those funders promise to commit at least 30% of their climate funding to BIPOC-led groups, or, at minimum, to be transparent about how much of their climate funding goes in that direction. Nearly two years since the launch, a new batch of funding from Kresge shows how the pledge continues to push committed funders to do even more.