Local Initiatives Support Corporation

City National Bank Names Adey Tesfaye as Head of Community Reinvestment Act (CRA) Department

Retrieved on: 
Monday, February 26, 2024

LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.

Key Points: 
  • LOS ANGELES, Feb. 26, 2024 (GLOBE NEWSWIRE) -- City National Bank has named Adey Tesfaye as the new head of its Community Reinvestment Act (CRA) department.
  • City National is committed to investing in its communities through its CRA initiatives that include providing loans and investments for affordable housing and economic development.
  • “Adey’s wealth of experience in community reinvestment will help City National make a significant impact through our community development initiatives in areas that need it most,” said David Cameron, executive vice president of Personal & Business Banking, City National Bank.
  • Prior to City National, she worked at Sterling Bank & Trust, where she served as senior vice president and CRA officer.

Washington Trust Charitable Foundation Donates $122,000 to Housing Organizations in Rhode Island

Retrieved on: 
Thursday, February 29, 2024

WESTERLY, R.I., Feb. 29, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced that the Washington Trust Charitable Foundation ("Charitable Foundation") has awarded $122,000 to seven Rhode Island organizations in support of various programs to support safe and affordable housing and homeownership programs throughout the Ocean State.

Key Points: 
  • WESTERLY, R.I., Feb. 29, 2024 /PRNewswire/ -- Washington Trust ("the Bank") today announced that the Washington Trust Charitable Foundation ("Charitable Foundation") has awarded $122,000 to seven Rhode Island organizations in support of various programs to support safe and affordable housing and homeownership programs throughout the Ocean State.
  • The grants are part of more than $459,000 of total giving granted by the Charitable Foundation to 60 organizations throughout the Bank's footprint.
  • "Washington Trust is committed to supporting organizations that offer safe and affordable housing programs for our neighbors," said Rolando Lora, Washington Trust Executive Vice President and Chief Retail Lending Officer.
  • The Washington Trust Charitable Foundation is committed to furthering Washington Trust's support of the communities it serves.

Greg Belinfanti Appointed President of One Equity Partners; Dick Cashin Continues Full-Time Role as Chairman

Retrieved on: 
Tuesday, January 30, 2024

One Equity Partners (“OEP”), a middle-market private equity firm, today announced that Greg Belinfanti has been named President of the firm.

Key Points: 
  • One Equity Partners (“OEP”), a middle-market private equity firm, today announced that Greg Belinfanti has been named President of the firm.
  • He succeeds founder Dick Cashin who will continue to serve as Chairman and play an active, full-time role in managing the firm and its investments.
  • View the full release here: https://www.businesswire.com/news/home/20240130325743/en/
    Greg Belinfanti, President of One Equity Partners (Photo: Business Wire)
    “Greg is an incredibly talented investment professional and a tremendous colleague who leads by example.
  • Prior to joining OEP, Belinfanti served as a Vice President in the Investment Banking division of Lehman Brothers.

LPL Financial Charitable Foundation Named Community Impact Award Winner at Thinkadvisor’s Luminaries

Retrieved on: 
Wednesday, December 6, 2023

SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- LPL Financial today announced that the LPL Financial Charitable Foundation (“LPL Financial Foundation”) – the company’s charitable arm – won the 2023 LUMINARIES Community Impact award in the Broker-Dealer firm category.

Key Points: 
  • SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- LPL Financial today announced that the LPL Financial Charitable Foundation (“LPL Financial Foundation”) – the company’s charitable arm – won the 2023 LUMINARIES Community Impact award in the Broker-Dealer firm category.
  • The LUMINARIES Awards spotlight how individuals and firms are changing the investment advisory industry where it matters most for clients and the community.
  • The LPL Financial Foundation received the award for its funding of LISC (Local Initiatives Support Corporation), San Diego’s efforts to revitalize the Linda Vista (CA) farmers’ market.
  • LPL Financial Foundation Board member and LPL Financial Executive Vice President, Head of Litigation and Regulatory Affairs, Matt Morningstar attended the event and accepted the award on behalf of the LPL Financial Foundation.

Broadstreet Names Chris Rakers to Lead Fast-growing Fund Administration Business

Retrieved on: 
Tuesday, December 12, 2023

Broadstreet Impact Services has named a seasoned fund solutions executive to lead its fund administration team as part of a multi-year strategy to continue the firm’s significant growth.

Key Points: 
  • Broadstreet Impact Services has named a seasoned fund solutions executive to lead its fund administration team as part of a multi-year strategy to continue the firm’s significant growth.
  • This week, Chris Rakers joined Broadstreet as managing director of fund administration following almost two decades leading tech-enabled fund operations for alternative investment managers.
  • He also served in various roles at Custom House Fund Services, including as chief operating officer, leading a global fund administration team across the US, Europe, and Asia.
  • “We are excited to add Chris’ remarkable range of fund administration experience to our existing impact investing expertise,” said Kevin Boes, CEO of Broadstreet.

KEVIN HART'S GRAN CORAMINO® TEQUILA WILL SUPPORT 50 BLACK AND LATINX SMALL BUSINESS OWNERS ACROSS THE U.S. WITH $10,000 GRANTS

Retrieved on: 
Wednesday, November 29, 2023

JERSEY CITY, N.J., Nov. 29, 2023 /PRNewswire/ -- Gran Coramino® Tequila, an ultra-premium tequila founded by entrepreneur Kevin Hart and 11th-generation tequila maker, Juan Domingo Beckmann, has launched applications for The Coramino Fund, the brand's giveback program, with U.S. impact partner Local Initiatives Support Corporation (LISC). The Coramino Fund supports Black and Latinx entrepreneurs across the U.S. with $10,000 grants as well as learning opportunities.

Key Points: 
  • The Coramino Fund supports Black and Latinx entrepreneurs across the U.S. with $10,000 grants as well as learning opportunities.
  • Gran Coramino Tequila donates $1 for every bottle sold to support Black and Latinx entrepreneurs and small business owners across the U.S. and in Mexico.
  • The impact our first year of collaboration with LISC had on Black and Latinx small business owners was inspiring to see.
  • "We're eager to continue leveling the playing field for under-resourced Black and Latinx small business owners.

The DICK'S Sporting Goods Foundation and LISC Award $1.275 Million to Upgrade Under-Resourced Community Sporting Spaces in 14 Cities and Towns

Retrieved on: 
Tuesday, November 28, 2023

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Community organizations, schools, and parks in 14 cities and towns across the country are using $1.275 million in new grants from The DICK'S Sporting Goods Foundation to improve sports facilities in under-resourced neighborhoods.

Key Points: 
  • "We are thrilled these communities will be able to offer revitalized sports spaces to deserving athletes across the country," said Rick Jordan, vice president of The DICK'S Sporting Goods Foundation.
  • Grantees were selected through a competitive application process administered by LISC earlier this year, which required applicants to secure 1:1 match funding.
  • In addition to managing the grant program, LISC will provide technical assistance to grantees to help them move projects forward.
  • "Sports teaches young people about teamwork and community, all while nurturing healthy bodies and minds," said Beverly Smith, LISC vice president.

Lowe's Foundation Announces New Round of Gable Grants to Goodwill, LISC and NCCER

Retrieved on: 
Wednesday, November 1, 2023

MOORESVILLE, N.C., Nov. 1, 2023 /PRNewswire/ -- The Lowe's Foundation today announced a total of $3 million in Gable Grants to three national nonprofit organizations that are delivering innovative and scalable skilled trades training in local communities nationwide. The $1 million grants are being awarded to Goodwill Industries International, the Local Initiatives Support Corporation (LISC) and the National Center for Construction Education and Research (NCCER).

Key Points: 
  • The $1 million grants are being awarded to Goodwill Industries International, the Local Initiatives Support Corporation (LISC) and the National Center for Construction Education and Research (NCCER).
  • "These programs, paired with the grants to community and technical colleges announced this summer, are a critical step as the Lowe's Foundation continues to help build a sustainable infrastructure of innovative skilled trades programs across our communities."
  • "The critical support provided by Gable Grants will help us leverage the Goodwill Opportunity Accelerator, our holistic workforce delivery model.
  • NCCER will expand its Community Construction Academies to underserved individuals in response to community and workforce needs.

Washington Trust Supports Amos House's Financial Opportunity Center

Retrieved on: 
Tuesday, October 24, 2023

WESTERLY, R.I., Oct. 24, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust") recently announced a gift totaling $30,000 to support the operations of Amos House's Financial Opportunity Center (FOC). The donation will be used to support savings and incentive programs, outreach efforts and more. The Bank also provides Amos House with access to a full suite of digital financial education tools, including a personalized webpage that allows Amos House clients to earn rewards by completing assigned reading, budgeting, and finance exercises.

Key Points: 
  • WESTERLY, R.I., Oct. 24, 2023 /PRNewswire/ -- The Washington Trust Company ("Washington Trust") recently announced a gift totaling $30,000 to support the operations of Amos House's Financial Opportunity Center (FOC).
  • "Washington Trust is committed to helping Rhode Islanders achieve financial freedom, and we are pleased to partner with Amos House to support their Financial Opportunity Center," said Edward O.
  • Amos House's Financial Opportunity Center, established in 2011, has produced impressive results.
  • To support Amos House's Financial Opportunity Center programming, or any of their other programs that help lift individuals and families out of the cycle of poverty, contact Jessica Salter at [email protected] or 401-272-0220 x210.

LISC President to Retire After 23 Years

Retrieved on: 
Thursday, October 12, 2023

NEW YORK, Oct. 12, 2023 /PRNewswire/ -- Denise Scott, President of the Local Initiatives Support Corporation (LISC), has announced her retirement after more than 20 years at the organization and four decades in community development. Scott joined LISC in 2001 and has held several positions, from LISC New York City Managing Director and Vice President of the New York Equity Fund, to Executive Vice President and then LISC President, a position that she has held since 2021. She will remain in her role through the end of the year, working closely with LISC's new CEO, Michael T. Pugh, to help ensure a smooth leadership transition.

Key Points: 
  • Scott joined LISC in 2001 and has held several positions, from LISC New York City Managing Director and Vice President of the New York Equity Fund, to Executive Vice President and then LISC President, a position that she has held since 2021.
  • "I have no doubt that LISC will continue to thrive and serve more and more people in the years to come."
  • "Denise's commitment to advancing equity and inclusion through her work in community development is an inspiration to our entire organization," said LISC CEO Michael T. Pugh.
  • "Because of her contributions, LISC is well positioned to advance its mission by promoting greater opportunity for all."