Philanthropy & Finance
Shake The Foundation
Democratically controlled financial commons
Shake the Foundation (STF) is an emerging initiative that is guided by a Steering Committee of several philanthropic foundations and economic justice organizations who are committed to the development of a more just and sustainable economy undergirded by a democratically controlled financial commons.
Originating in conversations among funders and Just Transition partners gathered at the 2016 EDGE Funders Conference, STF seeks to deepen political and strategic alignment to shift philanthropic resources toward community-led transition initiatives through non-extractive finance vehicles.
STF aims to mobilize grants and investment dollars in alignment with Reinvest in Our Power and to divert foundation resources to place-based community reinvestment in cooperative development. The overall goal is to build a democratically-controlled, networked financial commons that facilitates a shift in ownership of productive assets from wealthy investors to communities. Specifically, we are mobilizing grant and investment dollars to the Peer Network and Financial Cooperative created by grassroots partners and housed at The Working World.