Provide clarity, foster understanding, and build consensus for Executive buy-in.

Evaluate opportunities for implementation, and find new partners.

Identify areas for additional consultation, and assist in developing measurable goals.

Assess investment processes and identify opportunities for business development.

Refine a social equity thesis,

and craft an innovative

investment strategy.

Develop deal flow, and aid in monitoring, reporting, and communicating progress.

 
Jochebed Aduke Bogunjoko
Founder, CEO
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Jochebed began her life in finance and entrepreneurship at an early age - putting together the first of many budgets at eight years old after launching a baked treat delivery business out of her Easy-Bake Oven. She went on to pursue a liberal arts education at Williams College, where she homed in on the historical drivers of socioeconomic disparity through degrees in Economics and History.


Her experiences growing up in three countries as the daughter of Nigerian missionaries inspired in Jochebed a lifelong passion for promoting inclusion and pursuing social equity through finance. She was a member of the Investment Group at Tiedemann Advisors, where she helped lead Impact Investing and Diversity, Equity & Inclusion strategies while conducting due diligence on investment vehicles in all asset classes. 


Most recently Jochebed consulted with GRID 202 Partners, where she helped the Registered Investment Advisor develop a theory of change for moving investment strategies, capital, and financial planning services into communities of color. Jochebed volunteers on the Alumni Board of QuestBridge, an education non-profit connecting low-income students with opportunities at elite colleges and beyond. She is a member of the Intentional Endowments Network and their Diversity, Equity, and Inclusion Working Group.

Outside of the office, she loves to sing, and cook; and is in the market for a puppy.

RECENT EVENTS:

Black Urban Grower's Conference

Net Impact Annual Conference

Opportunity Collaboration (Facilitator)

Haverford College Microfinance Club (Speaker)

TIME'S UP: Pay Equity Luncheon

IEN Community Investment Roundtable

RECENT READS:

Weapons of Math Destruction: How Big Data Increases Inequality and Threatens Democracy

by Cathy O'Neil

The Purpose of Capital by Jed Emerson

The Fire Next Time by James Baldwin

The New Jim Crow by Michelle Alexander

Built to Last by James Collins and Jerry Porras

 

J ADUKE:

J for Jochebed, which means "the glory of God", or to some, "God's love". Aduke is one of the founder's middle names that means "Beloved" or "Cherished" in her mother-tongue Yoruba. Some say the name is meant to instill a child with a spirit of warm-heartedness and responsiveness to the needs of others. Together, J Aduke speaks to the vital need to protect and include Indigenous culture and communities in advancing social change. The name reflects the belief that the best way to glorify God is by exemplifying his love for "the least of these":

the hungry, the homeless, the sick, the imprisoned, the forgotten.

Coincidently, J. Aduke Alakaji was also the first African woman to become a social worker in Nigeria.

RACIAL EQUITY vs. DIVERSITY:

Diversity, though a crucial step on the road to equity, is often misunderstood. It's meaning has moved away from emphasizing disadvantaged groups and can get caught up in training and minimum representation.

Racial equity is the overarching goal; racial, ethnic, geographic, and class diversity, supported by an equally shared sense of belonging and responsibility, are milestones indicating success along the way.

MORE ON RACIAL EQUITY:

"Among Social Investing Approaches, Racial Equity Strategies Stand out for the Need They Serve and the Compelling Economic Opportunity "

Racial Equity is...

Intersectional. The majority of Black and Native Americans are women. Native Americans live with the highest rates of disabilities. Black and Native Americans experience the highest rates of unemployment. Over 50% of Native and 40% of Black and Latino single mothers with children under 5 live in poverty. 70% of Black women are the breadwinner in their family, but the median college-educated Black woman has a net worth of negative $12,000, versus nearly $100,000 for white women.

Climate Justice. Black, Native, and Latino American families are disproportionately exposed to carcinogenic pollution, and displaced by climate disasters. Nearly all landfills and toxic waste facilities in majority-white municipalities are located in Black neighborhoods. Black and Native Americans are also disproportionately exposed to oil wells and lead-poisoned water. Polluters are more likely to disregard regulation and face smaller fines in neighborhoods where the majority of residents are people of color.

 

Ending Unpaid Labor. The vast majority of those forced to provide unpaid labor, or face jail time, to pay off a court-ordered debt (traffic fines, surcharges, "user fees" for probation supervision, public defenders, jail stays, and uncollected child support) are working poor Black and Latino fathers who make under $12,000/year or $1000/month. "Made in America" can often mean made by imprisoned people, which the Federal Prison Industries advertise as a cheaper alternative to outsourcing jobs overseas. 

Census Bureau, 2017 American Community Survey 1-Yr Estimates; The Atlantic, "Trump's EPA Concludes Environmental Racism Is Real," 2/28/18. "Get To Work or Go To Jail: Workplace Rights Under Threat," UCLA Institute for Research on Labor and Employment, UCLA Labor Center, A New Way of Life Reentry Project.

 

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© 2019 by J Aduke Consulting LLC