Major Philanthropic Investment to Fuel LIIF's Strategic Vision

SAN FRANCISCO, July 31, 2020 /PRNewswire-PRWeb/ -- The Low Income Investment Fund (LIIF) is honored to announce a transformative donation from MacKenzie Scott in recognition of our high-impact, outcomes-driven community development work. LIIF is proud to be among the stellar organizations selected by Ms. Scott that are driving change by tackling our nation's largest and most complex challenges.

"This investment provides LIIF with resources to accelerate a new vision of racial equity and justice in its forthcoming strategic plan, specifically around affordable housing and early childhood care and education," said Daniel A. Nissenbaum, LIIF's CEO. "MacKenzie Scott's generous support in the form of a sizeable, unrestricted investment is uniquely valuable to nonprofits like LIIF."

"LIIF works every day towards building a future where all individuals have access to communities of opportunity, equity and well-being," said Carol Redmond Naughton President of Purpose Built Communities and LIIF's Board Chair. "This generous contribution supports LIIF with critically needed resources to move more quickly towards that envisioned future."

This gift – to LIIF, and to others engaged in similar work – is particularly important at a time when the devastating effects of COVID-19 and the economic downturn have compounded long-standing inequities in housing, education, employment and healthcare, most acutely for people of color. As our nation grapples with these multiple crises, LIIF's new strategic plan aims to position capital as a tool for addressing these issues with a particular focus on disrupting systemic racism and building toward a recovery that benefits all Americans.

"We are proud to support LIIF in its mission to ensure everyone in the United States can benefit from living in healthy, vibrant, equitable communities," said Terri Ludwig, President, Ballmer Group Philanthropy. "It is exciting to see their deepening commitment to racial equity and justice and expansion of outcomes based community development work." Ballmer Group is a supporter of the Strong, Prosperous, And Resilient Communities Challenge (SPARCC), a programmatic initiative focused on raising community voice around racial equity, health and climate, of which LIIF is a founding member.

About the Low Income Investment Fund

The Low Income Investment Fund (LIIF) is a national nonprofit community development financial institution with $900 million in assets under management. LIIF's mission is to mobilize capital and partners to achieve equity, well-being and opportunity for people and communities. Since 1984, LIIF has served more than two million people in communities across the country from its five offices. LIIF, an S&P-rated organization, innovates financial solutions that create more equitable outcomes for all by building affordable homes, quality educational opportunities from early childhood through higher education, health clinics, healthy food retail and community facilities. Learn more at http://www.liifund.org.

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SOURCE Low Income Investment Fund