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MacKenzie Scott Gives $65 Million to National Community Development Group

The Chronicle of Philanthropy

By Maria Di Mento Rupert Whiteley Amos House, a Rhode Island nonprofit supported by the Local Initiatives Support Corporation, offers a culinary arts education program as part of its mission to narrow racial health, wealth and opportunity gaps.

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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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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

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. There is, however, a way for nonprofits to gain greater access to “flexible” capital and for foundations to generate a financial return.

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How Nonprofits Can Leverage Their Financial Relationships to Advance Justice

NonProfit Quarterly

Image credit: Getty Images on Unsplash Consider a food bank discovering that its operating reserves are in banks that finance industrial agriculture, the very system contributing to food insecurity and displacing small community farms. How can nonprofits and movement groups convert community desires into meaningful financial action?

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

The Chronicle of Philanthropy

Also, the MassMutual Foundation committed $25 million to expand the reach of nonprofit community development financial institutions, and the Moody Foundation gave $25 million for neuroscience research.