Philanthropy used to be all about black-tie galas and dedicated wings. But the scions of some of America’s richest families are now partnering with progressive organizations to democratize generational wealth and put their money where the movement is.
Images by PABLO DELCAN; Illustrated by JUSTIN METZ
“Casey and I are allies in our work,” Ratliff says. “She pushes me. I’ve gone past where my parents were”—in terms of how much she gives away—“and she’s gone beyond where her mother is. Every wealthy person has to ask, How much is enough? How much do I really need, and how much do I want to make available more broadly?”
In 1969, Pritzker, then Susan Stowell, married Nicholas Pritzker, a member of the family that started Hyatt Hotels Corporation. “I married into money, so I came into my philanthropy with this sense of, ‘Well, it’s not really mine,’” says Pritzker, who lives in San Francisco. Conceived in 2012 after the Occupy Wall Street movement started a national conversation about economic inequality, Solidaire was officially launched in 2013 by a group of activists and philanthropists including Leah Hunt-Hendrix, a granddaughter of the late Texas oil tycoon H.L. Hunt and the organization’s first executive director. Today, the group has 244 members, 77 of whom are institutional members or have family foundations of their own.
One notable recipient of Solidaire’s support has been the Movement for Black Lives. The group’s annual budget was still relatively modest when it began partnering with Solidaire in 2014. “Now they’re one of the most significant change organizations in this country,” Bhansali says. “They’ve become an umbrella organization that’s essentially changing the narrative, changing how we think about anti-Blackness in this country.
Solidaire’s emphasis on promoting the agency of “the people who are on the front lines doing the work of organizing” was important to Regan from the beginning. She says that after joining the group, she became more educated on how she could help shift the paradigm of giving.
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