In the conversation, experts discussed the following questions:
- Can we solve social problems with markets? If not, how do we marry market solutions with public policy and philanthropy in the most effective ways?
- Does the philanthropic model have an internal contradiction that stymies progress if it uses only 5% of its assets to advance its mission?
- How do we frame the big challenges facing communities—such as widening wealth inequality, affordable housing scarcity, and the decline of community services such as schools, health care, clean water, and internet access—so that they are not too overwhelming for foundations and other investors to hope to improve?
Speakers included Clara Miller, president emerita of the F.B. Heron Foundation, and Geoffrey Canada, founder and president of the Harlem Children’s Zone and William Julius Wilson Institute.
watch the event
Event Details
Date & Time
May 17, 2022
4:00pm - 5:30pm EDT (Reception to follow)
May 17, 2022
4:00pm - 5:30pm EDT (Reception to follow)
Location
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY In-person event only (no virtual component)
Federal Reserve Bank of New York
Auditorium
33 Liberty Street
New York, NY In-person event only (no virtual component)
Audience
This event was open to the public and media. All remarks were on the record and the event was recorded. For media inquiries, please contact Ellen Simon at ellen.simon@ny.frb.org.
Agenda
Agenda
| 4:00pm-4:05pm | Welcome Remarks David Erickson, Head of Community Development, Federal Reserve Bank of New York |
| 4:05pm-4:25pm | Opening Remarks Clara Miller, President Emerita, The F.B. Heron Foundation |
| 4:25pm-5:25pm | Panel Discussion: How Philanthropy Can Be a Force in Reimagining an Equitable Economy Moderator: Andrea Levere, President Emerita, Prosperity Now Rev. Cory Anderson, Chief Innovation Officer, Winthrop Rockefeller Foundation Geoffrey Canada, Founder and President, Harlem Children’s Zone and William Julius Wilson Institute Audrey Choi, Senior Advisor, Morgan Stanley Clara Miller, President Emerita, The F.B. Heron Foundation |
| 5:25pm | Closing Remarks Otho Kerr, Director of Strategic Partnerships and Community Impact Investing, Federal Reserve Bank of New York |
| 5:30pm-6:30pm | Reception |
Speakers
Chief Innovation Officer
Winthrop Rockefeller Foundation
Founder and President
Harlem Children’s Zone and William Julius Wilson Institute
Senior Advisor
Morgan Stanley
Head of Community Development
Federal Reserve Bank of New York
Director of Strategic Partnerships and Community Impact Investing
Federal Reserve Bank of New York
President Emerita
Prosperity Now
President Emerita
The F.B. Heron Foundation
resources
Q&A with Clara Miller, Featured Speaker at “Money and Mission” Event on May 17.
Visit the New York Fed's page on Community Development.
The contents on this page—including third-party resources, hyperlinks and documents—are provided for informational purposes only and do not necessarily represent the views of the New York Fed or the Federal Reserve System.
