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UID:22445-1761829200-1761832800@catalystsd.org
SUMMARY:Putting Your Money Where Your Mission Is: Philanthropic Strategies for Divestment and Impact Investing
DESCRIPTION:- With the recent passage of the federal budget bill that slashed Medicaid and food assistance for millions of Americans while directing $170 billion to border militarization and the surveillance, detention, and deportation of immigrants, it is clear that private industry stands to profit while tearing families and communities apart. Between Trump’s election in November 2024 and April of this year, the stock prices of the nation’s two largest private detention facility operators, GEO Group and CoreCivic, soared 94% and 62% respectively (https://elpasomatters.org/2025/06/30/opinion-veronica-escobar-criticizes-big-beautiful-bill-deportations-prisons/) – a pattern that the Brennan Center for Justice notes followed Trump’s first election (https://www.brennancenter.org/our-work/analysis-opinion/what-trumps-victory-means-private-prison-industry). Indeed, in the immediate aftermath of the budget bill’s signing, both companies saw a further 3% increase (https://finance.yahoo.com/news/prison-stocks-rally-detention-center-105619425.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ2Npci5vcmcv&guce_referrer_sig=AQAAAJbrXVb20gVdMHaosIT3dwYgjL2Fa0hznrKuq8hd6mXflQtM5yrHfUsgJ4A9TwcplpylORvWZHUThJ48OUtRgp9ELn6qk6X628Fvq-f_yQoo1wNu1rndYmmXz-ckFsPZn3DkSfmd7ylY5VmobkaCgAmK65HWcDsA0FgCFmAk47od) in stock value.
URL:https://catalystsd.org/event/putting-your-money-where-your-mission-is-philanthropic-strategies-for-divestment-and-impact-investing/
LOCATION:Virtual
CATEGORIES:Partner Event
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