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The Belonging Pledge: Can a $2 trillion racial equity pledge help transform organizations for the long-term?

Sarah DeNicola July 13, 2022

The moment of urgency for advancing racial equity in investing is slipping away, without leading to the broader movement within the investment industry that many of us hoped for. While the brief window for action remains open, how do organizations, and particularly those working in the philanthropic and investment industry, create effective and lasting change that can last beyond this moment? Have new initiatives, like the $2 trillion Belonging Pledge, help put organizational policies and practices into place that will withstand leadership change, competing priorities, and the inevitable backlash to all things “ESG” that is already ascending?

We will discuss the process of aligning board and staff to embed racial equity within the Investment Policy Statement (IPS), the importance of racial diversity and belonging in key leadership roles, and the impact as well as limitations of public racial equity pledges and commitments. Join us for a conversation amongst practitioners about the underlying conditions needed, common pitfalls, and considerations for those embarking on the tough but necessary path of transforming organizations with a racial equity lens.



Meta Themes

  • Power and Capital


Moments to Movements

Purpose and Desired Outcome

Purpose: For participants to better understand the spectrum of actions available for their organization to deepen their racial equity in investing practice, while learning about common challenges and ways that practitioners have approached them. Desired Outcome: Participants feel better equipped to advance racial equity in investing conversations and initiatives within their organizations.


  • Allocators (Family Offices, HNW Individuals, Foundations)

  • Asset Managers

  • Intermediaries (Financial Advisers, Investment Bankers)


  • NameSarah DeNicola
  • TitleSocial Equity Program Director
  • OrganizationConfluence Philanthropy
  • StatusConfirmed
  • NameSanthosh Ramdoss
  • TitleVice President, Impact Investing
  • OrganizationGary Community Ventures
  • StatusConfirmed
  • NameMark Doherty
  • TitleSenior Director of Investments
  • OrganizationSan Francisco Foundation
  • StatusInvited
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