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What Is a Community Development Corporation?

NonProfit Quarterly

Image credit: coffeekai on istock.com Community is one of humanity’s great achievements. Yet community development corporations , a $28 billion sector of over 6,200 nonprofits that support local community economic development, are largely invisible in the national conversation. CDCs are dead.

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How Guarantees Can Advance Community Development and Racial Equity

NonProfit Quarterly

Image Credit: Charlota Blunarova on unsplash.com Private foundations are best known for their grantmaking. However, each year, foundations nationwide invest hundreds of billions, often with the simple goal of maximizing financial returns to fund future grants. At the most basic level, a guarantee is akin to automobile insurance.

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??How Community-Based Public Space Can Build Civic Trust: Lessons from Akron

NonProfit Quarterly

Many times, government and nonprofit representatives had come to Starleen’s Summit Lake neighborhood and indicated that things were going to improve, but not much ever came of it. “My Supported by five national foundations— JPB , Knight , Kresge , Rockefeller , and William Penn —each city received $4 million from the funder collaborative.

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How to Interrupt the Public Funds to Private Profits Pipeline: A California Story

NonProfit Quarterly

This happens daily when local governments park public funds in banks. Today, our communities face multiple challengesranging from accelerating climate change to growing income inequality, from refugee crises to housing crises, and from basic food access to self-serving financial systems. It turns out, quite a lot.

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Making Policy Work for Rural Communities: The Value of Community Voice

NonProfit Quarterly

Coproduced by Partners for Rural Transformation, a coalition of six regional community development financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.

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A Social Movement Requires Momentum

Stanford Social Innovation Review

Corporations and institutional philanthropy began issuing passionate statements about “meeting the moment” and “showing up” in communities in ways that they hadn’t done before, making financial commitments that now total $340 billion. Heron Foundation offers an example of 100 percent impact endowment alignment.

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Impact Investing Can’t Deliver by Chasing Market Returns

Stanford Social Innovation Review

Most practitioners working in community development have accepted this as the reality of impact investing: The harder you drive for social impact in disadvantaged communities, the farther away you get from unbuffered full market return. But the hype persists.

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