Remove Associations Remove Community Development Remove Poverty
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Ending Persistent Poverty in Rural America: The Role of CDFIs

NonProfit Quarterly

This article introduces a new series, titled Eradicating Rural Poverty: The Power of Cooperation. For decades, community development financial institutions have delivered capital into communities and regions that otherwise suffer from disinvestment. This is true in urban areas and, critically, rural communities.

Poverty 131
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What Does Finance for the People Look Like?

NonProfit Quarterly

Public bankscreated by governments and chartered to serve the public interestoffer a powerful model to advance racial equity, public accountability, and community self-determination. A recent report by the Office of the State Comptroller found that Rochester has the fifth-highest child poverty rate of any US city.

Finance 136
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Building Community through Holistic Strategy: A Story from a Seattle Immigrant Suburb

NonProfit Quarterly

Image credit: TuiPhotoengineer on istock.com This is the fifth and final article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America , coproduced with the National Coalition for Asian Pacific American Community Development ( National CAPACD ).

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Credit Unions, Race, and Equity: A Conversation with Michael McCray and Cliff Rosenthal

NonProfit Quarterly

From the roots of racial capitalism to the psychic toll of poverty, from resource wars to popular uprisings, the interviews in this column focus on how to write about the myriad causes of oppression and the organized desire for a better world. Michael McCray: I was born into community development finance. Why is this?

Finance 125
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Democracy in Peril: In South Africa, Will Philanthropy Back Economic Justice?

NonProfit Quarterly

Yet despite these challenges, global philanthropy has much to learn from South Africa on democracy, development practice, and social justice. As the Independent Philanthropy Association South Africa (IPASA) stated, “committed and knowledgeable philanthropists can make a meaningful impact and facilitate change for the better in South Africa.”

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Impact over Equity: How the Feds Reinforced Inequality in Community Finance

NonProfit Quarterly

Cliff Rosenthal was the executive director of the National Federation of Community Development Credit Unions (now called Inclusiv ) from 1983 until 2012. The federation is a national association of credit unions largely run and owned by people of color serving low-income and primarily BIPOC communities.

Finance 111
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Can CDFIs Rein in Capitalist Excess?

NonProfit Quarterly

Last month, the Opportunity Finance Network (OFN), the nation’s leading community development financial institution (CDFI) trade association, held its first in-person national conference in three years in New York City. “It’s our job somehow to graft a conscience on the capitalist.”. Chuck Matthei, CDFI movement cofounder, 1985.

Finance 110