Member-only story
Who rules philanthropy?
White people, mostly.
The Margaret A. Cargill Philanthropies, which consists of two foundations with assets of more than $7 billion, is based in Eden Prairie, MN, a well-to-do suburb of Minneapolis. When Minneapolis was shaken by protests after George Floyd, a 46-year-old black man, died at the hands of police, the Cargill Philanthropies, like so many others, felt a need to respond.
“The senseless killing of George Floyd is evidence of the underlying inequities and racism that continue to exist in our community and our country more broadly,” the philanthropies said.
Margaret Cargill Philanthropies promised to look at “equity and inclusion” in its grant-making and later directed more than $2 million to communities of color in the Twin Cities.
It did not, however, add any people of color to its all-white board of directors. The five board members are an insular group: An accountant, a financial advisor, an investment manager, a lawyer and an Episcopal bishop, most with ties to Margaret A. Cargill, an heiress whose wealth funded Cargill Philanthropies. Ms. Cargill died in 2006.
Cargill Philanthropies is by no means the only large foundation with an all-white board. Of the 40 biggest private, grant-making foundations, a dozen — that is, 30 percent — appear to have no BIPOC board members…
