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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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U. of Chicago Receives $75 Million for the AbbVie Foundation Cancer Pavilion

The Chronicle of Philanthropy

Prest University of Chicago Medicine A rendering of the AbbVie Foundation Cancer Pavilion, expected to open in 2027 following the foundation’s $75 million gift to the University of Chicago.

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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. Sure, we stopped a highway.

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Community Development Must Center Power Building: A San Francisco Story

NonProfit Quarterly

Image credit: Matt Briney on unsplash.com This is the second 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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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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Meet April’s Certified Nonprofit Professional (CNP) Cohort

NonProfit Leadership Alliance

The Nonprofit Leadership Alliance is excited to share the commencement of the April CNP Cohort for the Certified Nonprofit Professional (CNP) Professional Track program. This group of dedicated nonprofit leaders have begun their six-month journey, participating in one of only four cohorts offered annually. Learn more here!

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How Limited Equity Co-ops Can Sustain Affordable Homeownership

NonProfit Quarterly

One tool that is available to nonprofit housing developers to address this situation is the limited equity cooperative (LEC). In 1951, the groups came together to create the United Housing Foundation. While LECs offer significant opportunities, nonprofit housing developers must navigate several significant challenges.