10th annual ‘Power of the Purse’ event held by Women’s Foundation for a Greater Memphis – Action News 5

Report on the 10th Annual Power of the Purse Event

Event Overview

• Organizer: The Women’s Foundation for a Greater Memphis (WFGM)
• Event: 10th Annual Power of the Purse
• Location: Grand Carousel Pavilion, Children’s Museum of Memphis
• Primary Objective: To generate philanthropic support for programs that enhance economic mobility for women, directly contributing to local sustainable development.

Alignment with Sustainable Development Goals (SDGs)

The event’s mission to drive economic mobility for women in Greater Memphis directly supports several United Nations Sustainable Development Goals (SDGs):

1. SDG 1: No Poverty
   • The initiative aims to eradicate poverty in all its forms by providing women with the resources and opportunities necessary for economic self-sufficiency and stability for their families.
2. SDG 5: Gender Equality
   • By focusing specifically on women’s economic empowerment, the event is a targeted effort to achieve gender equality and empower all women and girls within the community.
3. SDG 8: Decent Work and Economic Growth
   • The programs funded by the event promote sustained, inclusive, and sustainable economic growth by fostering pathways to productive employment and decent work for women.
4. SDG 10: Reduced Inequalities
   • The foundation’s work addresses inequality by targeting the systemic economic disparities faced by women, thereby promoting a more equitable society.

Leadership Statement on Strategic Goals

• Shante Avant, President and CEO of The Women’s Foundation for a Greater Memphis, stated that the event is centered on supporting local women through strategic programs.
• These programs are designed to drive economic mobility, a key factor in achieving long-term progress on the Sustainable Development Goals related to poverty, gender equality, and economic justice.

Conclusion

• The 10th Annual Power of the Purse event serves as a critical platform for advancing local progress on key Sustainable Development Goals.
• Through a combination of philanthropy, fashion, and food, the initiative successfully mobilizes community resources to reinforce the vital connection between women’s economic empowerment and the creation of a more equitable and sustainable society for all.

SDGs Addressed in the Article

Explanation

The article discusses a philanthropic event by the Women’s Foundation for a Greater Memphis aimed at “supporting local women through programs that drive economic mobility.” This mission directly connects to several Sustainable Development Goals (SDGs) focused on poverty, gender equality, economic growth, and reducing inequality.

• SDG 1: No Poverty – By aiming to drive “economic mobility,” the foundation’s programs are designed to help women improve their financial standing and move out of poverty.
• SDG 5: Gender Equality – The initiative explicitly focuses on “supporting local women,” which is a direct effort to empower women and address gender-specific economic disparities.
• SDG 8: Decent Work and Economic Growth – Promoting economic mobility for women contributes to achieving full, productive employment and decent work, fostering inclusive economic growth.
• SDG 10: Reduced Inequalities – The foundation’s work targets a specific demographic (women) to improve their economic status, thereby working to reduce gender-based economic inequality within the community.

Specific SDG Targets Identified

Explanation

Based on the article’s focus on “economic mobility” for “local women,” several specific SDG targets can be identified as relevant to the foundation’s work.

1. Target 1.2: By 2030, reduce at least by half the proportion of men, women and children of all ages living in poverty. The programs mentioned are a direct local effort to reduce poverty, specifically among the women of Greater Memphis.
2. Target 5.5: Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life. Driving “economic mobility” is a fundamental step toward ensuring women have equal opportunities in economic life.
3. Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men…and equal pay for work of equal value. The goal of economic mobility directly aligns with helping women achieve productive employment and better-paying work.
4. Target 10.2: By 2030, empower and promote the social, economic and political inclusion of all, irrespective of…sex. The foundation’s mission is a clear example of promoting the economic inclusion of women.

Indicators for Measuring Progress

Explanation

The provided article is a brief news report about a fundraising event and does not mention any specific, measurable indicators used to track progress towards the foundation’s goals. It describes the mission—”to drive economic mobility”—but does not offer data, statistics, or metrics on how this is measured. While the concept of “economic mobility” implies the need for indicators such as income changes, employment rates, or access to financial services, the article itself does not state or reference any of them.

Summary Table of SDGs, Targets, and Indicators

Source: actionnews5.com