Henry Ford III, trustee of the Ford Foundation, and Valerie Rockefeller, chair of the Rockefeller Brothers Fund, discuss the weight and opportunity provided by multigenerational wealth and legacy in philanthropy. Moderated by David Callahan of Inside Philanthropy.

“Philanthropy is the glue that holds our family together.” – Valerie Rockefeller

“You can make more of a difference when you’re unified together as a group versus doing things individually.”

– Henry Ford III

Learn more about New Gospel of Wealth

Other videos in this series

01:05
We have the power.

Let’s rethink giving

How can we reimagine philanthropy so that we create a future where there is justice and dignity for all? What are the root causes of the issues and how do we encourage the participation of many and not just a few?

03:50
What's in a name with Jon Stryker and Van Jones.

The power of a name featuring Jon Stryker and Van Jones

As a philanthropist, Jon Stryker, president of the Arcus Foundation, believes the act of naming gives power and influence to the work that is supported through his gifts. His philanthropy supports those on the frontlines of justice, providing resources and power to those who need it most.

11:13

The privilege of perspective featuring Elizabeth Alexander

Elizabeth Alexander, president of the Andrew W. Mellon Foundation, on art, activism, and acknowledging adversity.

03:48
Get Uncomfortable with Tara Westover and Hilary Pennington

Getting proximate featuring Tara Westover and Hilary Pennington

Tara Westover, author of “Educated,” sees a disconnect between the rural and urban parts of the United States. She believes philanthropists need to be more proximate to the issues they care about, and that spending time with people who aren’t like you is key to disrupting inequality.

06:36
Inclusive Capitalism

Can capitalism ever really be inclusive? featuring Lynn Forester de Rothschild and Stephanie Mehta

The top 1 percent of the United States controls 42 percent of the national wealth. Lynn Forester de Rothschild, founder of the Center for Inclusive Capitalism, explains that reimagining the economy and making it a sustainable, inclusive system that leads to strong economic growth requires reform.

10:29
This is Philanthropy with Shonda Rhimes and Darren Walker

This is what a philanthropist looks like featuring Shonda Rhimes and Darren Walker

Writer and producer Shonda Rhimes has seen the power storytelling has to make change through her work, which centers marginalized people and issues. Rhimes believes philanthropy sets an example others can follow, and says supporting organizations that are already on the ground doing the work is key.

08:09
Investing in the next generation with Robert Smith and Darren Walker

Catalyzing the potential of our time featuring Robert Smith and Darren Walker

Through philanthropy, Robert Smith, CEO of Vista Equity Partners, has alleviated the burden of student debt for a graduating class. He says private philanthropy can help address public policy challenges, such as student loan debt, and is a disruptive opportunity that liberates people to contribute to society in positive ways.

09:33
Public interest tech featuring Priscilla Chan and Darren Walker

Tech funders changing philanthropy featuring Priscilla Chan & Darren Walker

The top 1 percent of the United States controls 42 percent of the national wealth. Lynn Forester de Rothschild, founder of the Center for Inclusive Capitalism, explains that reimagining the economy and making it a sustainable, inclusive system that leads to strong economic growth requires reform.

09:44
Artists as Solutions with Lin-Manuel Miranda, Luis Miranda Jr. and Elaine Welteroth.

Why artists shouldn’t stay in their lane featuring Lin-Manuel Miranda, Luis Miranda Jr. and Elaine Welteroth

Composer and actor Lin-Manuel Miranda believes all art is political. He and his father, Luis A. Miranda Jr. of the MirRam Group, see the value philanthropy has to empower communities that may have been neglected, and allow them to share their stories through the arts, like Puerto Rico did after Hurricane Maria.

05:25

Good philanthropy needs government featuring Laura Arnold and Van Jones

Laura Arnold, co-chair of Arnold Ventures, believes policy change is the lever that will lead to sustainable change. She says we need to attack the systems that are creating the injustices we see, like criminal justice. Philanthropy can create better alternatives that governments can adopt.

05:45

The business of justice featuring Kenneth Frazier and Charles Blow

Kenneth Frazier, CEO of Merck and Co, believes one of the greatest injustices in our society is the health disparities experienced by women of color. A zip code is more likely to determine health outcomes than genetic code. Frazier uses philanthropy to address mortality rate and wants to see more medical personnel listen to their women patients and patients of color.

05:17
Public/Private Partnership Model

Public-private partnership: A new model for lasting impact featuring Jennifer Loving and Chuck Robbins

Jennifer Loving, CEO of Destination: Home, says a public-private partnership, like the one between her nonprofit and Cisco, headed by Chuck Robbins, can help create a model for the future of philanthropy, and tools like social bonds can help address some of the biggest crises of our time.

05:54
Supercharged Giving with Henry Timms

The new power of philanthropy featuring Henry Timms

CEO of Lincoln Center Henry Timms asks how philanthropy can supercharge civic engagement. Timms, who started Giving Tuesday, says trust-based philanthropy needs to shift from generosity to justice, driving more participation from more people, and encouraging meaningful ways to participate and collaborate.

05:54
Transformation starts from within with Heather Mcghee

Transforming organizations from the inside featuring Heather McGhee

Heather McGhee, distinguished senior fellow at Demos, shares her experience of working to make the Demos think tank more diverse and led by people of color. Institutional racism, however slight, drives inequality, she says, so transformation needs to be a must-have and not a nice-to-have.

08:52
Africa Arise, Gbenge Oyebode and Hillary Pennington

Africa, your time is now featuring Gbenga Oyebode and Hilary Pennington

Ford Foundation trustee Gbenga Oyebode has seen the value of impact investing on the African continent. He believes philanthropy should not just be giving, but investing with a social impact and an economic return. Giving is inherently part of African culture, but needs to be more strategic and collaborative.

04:57
Philanthropy + Government

Why good government needs philanthropy featuring Deval Patrick and Wes Moore with Jonathan Capehart

Wes Moore, CEO of Robin Hood, and Deval Patrick, managing director of Bain Capital, see philanthropy working hand-in-hand with government in the fight for equality. Philanthropy can often provide the initial capital needed while government can take over and scale the solution.

05:57
Worker Wisdom with Ai Jen Poo

Bringing hidden labor to light featuring Ai-Jen Poo

Ai-jen Poo, executive director of the National Domestic Workers Alliance, says the sector of caregivers and domestic workers continues to grow. Building a future of work that works for all is centered on justice-based philanthropy and not a generosity model.

06:23
Art for Justice

Art for Justice featuring Agnes Gund and Catherine Gund with Maria Hinojosa

The Art for Justice fund was created to help end mass incarceration. Founder Agnes Gund says philanthropy is about addressing issues like this. Catherine Gund believes art has an important part to play in the fight for racial justice and can help change the policies that led to mass incarceration.

07:28
 Capitalism redefined, ft. entrepeneur Nick Hanauer

Capitalism redefined featuring Nick Hanauer

Entrepreneur Nick Hanauer asks us to reimagine the economy. He believes we need to change our beliefs about the economy to create a more just, more equitable society for all. By choosing better economic beliefs, we can change society for good.

09:26
The Responsibility of Privilege with Jeff Raikes.

On using power and privilege for change featuring Jeff Raikes

Jeff Raikes, co-founder of the Raikes Foundation, says dismantling racism requires philanthropy to ditch its colorblind approach. People in power need to acknowledge that privilege is invisible to those who possess it. Privilege and power need to be transformed into a force for changing our society for the better.