NET WORTH: Unknown
SOURCE OF WEALTH: Jordan Real Estate Investments
FUNDING AREAS: Racial Justice
OVERVIEW: Wayne Jordan and his wife Quinn Delaney move philanthropy through the Akonadi Foundation, whose mission is to eliminate structural racism that leads to inequity in the United States. Akonadi is laser-focused on the Oakland and Bay Area community and has given over 1,600 grants totaling $35 million to nonprofit organizations since 2000.
BACKGROUND: Wayne Jordan is the founder, president, and CEO of Jordan Real Estate Investments, an Oakland-based real estate investment and development firm founded in 1998. The firm takes a long-term approach to investing, and its portfolio includes commercial, residential, mixed-use, and industrial investments and development projects in the San Francisco Bay Area, New York, and Washington, D.C.
RACIAL JUSTICE: In 2000, Wayne Jordan and Quinn Delaney, a lawyer, founded Akonadi Foundation, whose mission is to eliminate structural racism that leads to inequity in the United States. A majority of these grantees have been in the Bay Area, but others are based elsewhere in the country. In 2012, the foundation shifted grantmaking to focus solely on Oakland.
The foundation’s two main programs are the Arc Toward Justice, which concentrates on youth of color aged 14-24, and the Beloved Community Fund, which supports public arts and cultural events in Oakland. The Arc Towards Justice Fund aims to stop the criminalization of youth of color, to end the school-to-prison pipeline, and to foster overall wellness. The Beloved Community Fund prioritizes racial trauma and healing, representations of youth of color that defy stereotypes, and structural effects of police brutality and racial inequality. All funded arts and culture events must take place within the Oakland city limits.
Another funding venture is the So Love Can Win Fund, created as a rapid response fund to counter racial inequality and hate against local communities of color.
Grantees include Asian Pacific Environmental Network (APEN), The Bay Area Black Worker Center (BABWC), Deep Waters Dance Theater, Afro Urban Society, and MJ’s Brass Boppers Brass Ban, a New Orleans singing and swinging brass band that "fuses traditional NOLA standards, funk, and jazz with an emphasis on the African roots of New Orleans music history and culture."
OTHER: The couple have given between $500,001 and $750,000 to the new Obama Foundation.
LOOKING FORWARD: Expect the couple's strong commitment towards progressive causes, particularly racial justice, to continue. What's less clear is if their work will take on a more national scope or remain Oakland-focused.
LINK: Akonadi Foundation