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MacKenzie Scott Gives $65 Million to National Community Development Group

The Chronicle of Philanthropy

This is the second donation the billionaire novelist has given Local Initiatives Support Corporation, following her initial $40 million gift in 2020.

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What’s Next for Community Development Finance?

NonProfit Quarterly

Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 community development loan funds with a combined $27 million in assets under management. By contrast, according to the US SIF (Sustainable Investment Forum), the CDFI industry (including community development banks and credit unions) had $457.9

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Kataly Foundation and Bank of America Commit $84 Million for Community-Development Fund

The Chronicle of Philanthropy

Prest Getty Images A commitment by Kataly Foundation and Bank of America is supporting the Inclusiv Impact Deposits Fund to enable $100 million in lending through community-development credit unions.

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New Blueprint for Financing Community Development

Stanford Social Innovation Review

Andrews & Rebecca Steinitz The traditional model of community development finance is limited by market conservatism and a focus on scale, rather than local control. We need a new paradigm that prioritizes impact over scale, emphasizes flexible and creative financing strategies, and empowers community voice.

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Square Financial Services Launches Grant Initiative to Drive Community Development in Utah

NonProfit PRO

Square Financial Services opened applications for the 24 Squared grant initiative in partnership with the Community Foundation of Utah.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

At the same time, many community development nonprofits face challenges in securing the capital needed to carry out their core missions and, importantly, to test new ideas and strategies. From inception, the pool was centered on community development financing activities and emphasized racial, gender, and economic equity.

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Education Cannot Wait Commits $500 Million to Serve Refugee Students and Teachers

The Chronicle of Philanthropy

Also, the Lilly Endowment gave almost $146 million to six colleges and universities in Indiana for community-development projects, and the U. of Massachusetts at Boston received $10 million to establish the New Balance Institute for Innovative Leadership in Sport.

Education 360