12 common principles for impact investing, funding digital equity through frequency auctions, and the latest from #HalfMyDAF.

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** Economic Democracy Weekly
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Welcome to this week’s Economic Democracy newsletter! If you want economic justice, you have to design for it. Today, we feature two articles on that topic. Nonprofit scholar Lester Salamon looks at digital inequality and identifies a design—a publicly seeded foundation—that can bring far greater equity to the field. Meanwhile, Mitty Owens, a former Ford program officer, offers impact investors a social justice architecture to frame their work. This week we also include an excerpt from a newly published book on participatory grantmaking that illustrates sharply how the word “participation” has often been abused by philanthropy, and a short article on two social justice donor group efforts to mobilize resources amidst our present record economic inequality.
Featured Content
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How a Publicly Funded Foundation Can Lower Digital Inequality ([link removed])
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To reduce the digital equity gap, the US should endow a Digital Futures Foundation with the proceeds from auctioning public airwaves to cell phone companies. Read more... ([link removed])
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Building the Social Justice Architecture for Impact Investing ([link removed])
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While impact investing has promise, realizing that promise requires developing common principles embedded in a social justice architecture. Read more... ([link removed])

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Philanthropy and the Zen of Participation ([link removed])
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In Letting Go: How Philanthropists and Impact Investors Can Do More Good by Giving Up Control, Ben Wrobel and Meg Massey call for philanthropy and impact investment elites to cede decision-making power to community groups. Later in the book they outline specific ways to make this shift a reality, but here they very persuasively outline what’s at stake—and how the status quo in philanthropy often works to control and strictly limit genuine community participation. Read more... ([link removed])

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Nonprofit Digital Transformation in the New Normal ([link removed])
Download this e-book to learn how 7 inspiring nonprofits successfully digitized their missions and strategies throughout 2020 to remain resilient during a tumultuous year.
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Policy
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Social Justice Donors Double Down in Face of Growing Wealth Inequality ([link removed])

Spurred by unprecedented wealth inequality, #HalfMyDAF expands its efforts, while Resource Generation unveils its vision of transformative investment principles. Read more... ([link removed])

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