LISC

Chan Zuckerberg Initiative joins Philanthropic and Community Partners to Discuss Innovative Solutions to Solving Bay Area's Housing Affordability Crisis

Retrieved on: 
Thursday, April 4, 2024
PBF, Organization, LISC, CFI, AMI, CZI, SAN, City, San Francisco Foundation, Policy, Family, Chan Zuckerberg Initiative, Silicon Valley Community Foundation, Silicon, Housing, Investment, The Commonwealth Club, Commonwealth Club, Government, Work, Management

It brings a variety of voices into the effort ― from local governments, to non-profit and community advocacy partners and faith leaders.

Key Points: 
  • It brings a variety of voices into the effort ― from local governments, to non-profit and community advocacy partners and faith leaders.
  • "The housing crisis requires bold action on multiple fronts and it requires that all sectors come to the table to drive innovative solutions," said Fred Blackwell, CEO, San Francisco Foundation.
  • "Safe, stable, and affordable housing is crucial to a family's success and to building healthy and diverse communities," said Priscilla Chan, co-founder and co-CEO of the  Chan Zuckerberg Initiative.
  • Five years in, we've surpassed our fundraising goal and deployed that capital to provide housing for thousands of bay area residents."

The DICK'S Sporting Goods Foundation Celebrates the 10 Year Anniversary of its Sports Matter Program with New $2 Million Grant Initiative

Retrieved on: 
Thursday, April 4, 2024
Organization, LISC, Sport, Dick's Sporting Goods, DSG, Clothing, Athlete, House, The

PITTSBURGH, April 4, 2024 /PRNewswire/ -- Today, The DICK'S Sporting Goods Foundation announced a new $2 million grant initiative in honor of the 10 year anniversary of its Sports Matter Program. The year-long initiative is funded by DSG's giveback program. DSG offers clothing and gear for the whole family and is one of DICK'S Sporting Goods' vertical brands, in which 1% of all sales go directly to The Foundation's Sports Matter Program.

Key Points: 
  • The year-long initiative is funded by DSG's giveback program.
  • DSG offers clothing and gear for the whole family and is one of DICK'S Sporting Goods' vertical brands, in which 1% of all sales go directly to The Foundation's Sports Matter Program.
  • Since 2014, DICK'S Sporting Goods and The DICK'S Foundation has helped over 2 million kids and committed over $100 million to support young athletes with equipment, registration fees, league costs and playing fields through its Sports Matter Program.
  • Additional 10 Year Anniversary Sports Matter Grants will be awarded to youth sports organizations throughout the year.

LISC and The Allstate Foundation launch disaster resiliency program to address needs of underserved Houston communities

Retrieved on: 
Tuesday, April 2, 2024
Organization, LISC, Volunteering, Volunteers of America, David Gal, Hope, Local Initiatives Support Corporation, Weather, Tourism

The Allstate Foundation contributed $500,000 to launch LISC's new Community Resiliency and Disaster Response Initiative, which will support climate resiliency and recovery work by Emancipation Economic Development Council, Hope Disaster Recovery, Houston Tool Bank, Rebuilding Together Houston, Volunteers of America, and Wesley Community Center.

Key Points: 
  • The Allstate Foundation contributed $500,000 to launch LISC's new Community Resiliency and Disaster Response Initiative, which will support climate resiliency and recovery work by Emancipation Economic Development Council, Hope Disaster Recovery, Houston Tool Bank, Rebuilding Together Houston, Volunteers of America, and Wesley Community Center.
  • Historically, communities of color that are lower income have experienced greater impact by extreme weather events.
  • Our hope is to better prepare underserved communities to address all those issues and to make our city stronger as well."
  • The LISC-Allstate Foundation pilot program will run throughout 2024, and outcomes will be publicly shared so that other communities might learn from the activities funded.

PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE

Retrieved on: 
Thursday, March 28, 2024
Health, Organization, LISC, Growth, Veteran, PNC Financial Services, Education, PNC, Woman, Investment, EQ2, Local Initiatives Support Corporation, Renewable energy

NEW YORK, March 28, 2024 /PRNewswire/ -- PNC Bank has invested $20 million in the Local Initiatives Support Corporation (LISC) to expand the organization's efforts to boost economic opportunity and growth in thousands of rural counties as well as across 38 metro areas in the United States.

Key Points: 
  • PNC Bank's funding includes both a 10-year, $10 million Equity Equivalent (EQ2) investment as well as a more flexible $10 million three-year term loan.
  • "With this 10-year commitment, PNC remains laser-focused on our efforts to strategically deploy low-cost capital into transformative initiatives that advance economic empowerment and prosperity where it's needed the most."
  • PNC Bank and LISC have collaborated on a number of significant investments in recent years spanning retail, health, education, and job training centers, as well as quality affordable housing and services.
  • "With this capital, PNC has made a remarkable commitment to the well-being of families and communities, with a ripple effect that will support economic growth long into the future," said Michael Pugh, LISC CEO.

Ford Foundation Appoints George H. Walker to Board of Trustees

Retrieved on: 
Thursday, March 21, 2024
Ford Foundation, Ford, Trinity School, LISC, Goldman Sachs, Intelligence, Trustee, Partnership, Education, Trinity, Poverty, Big data, Investment Company Institute, Investment, Walker, Lehman Brothers, Workplace, Government, Local Initiatives Support Corporation, Security (finance)

NEW YORK, March 21, 2024 /PRNewswire/ -- The Ford Foundation announced today the election of George H. Walker, chairman and chief executive officer of Neuberger Berman, to its Board of Trustees.

Key Points: 
  • NEW YORK, March 21, 2024 /PRNewswire/ -- The Ford Foundation announced today the election of George H. Walker, chairman and chief executive officer of Neuberger Berman, to its Board of Trustees.
  • Walker additionally served on the Board of Trustees of the Local Initiatives Support Corporation (LISC), a nonprofit community development financial institution created with seed funding from the Ford Foundation in 1979.
  • Francisco G. Cigarroa, Ford Foundation Board of Trustees chair, said, "It is an honor to welcome George H. Walker to the Ford Foundation Board of Trustees.
  • Ford Foundation trustees are elected to the full board and serve six-year terms.

Verizon announces city-specific Small Business Digital Ready grant opportunities in Houston, Miami, Phoenix, LA

Retrieved on: 
Monday, February 26, 2024
VZ, SMB, Small business, Climate, City, Growth, LISC, Prosperity, COVID-19, Software as a service, Digital inclusion, Verizon Business, FREE, Partnership, Cable television

In partnership with Next Street and Local Initiatives Support Corporation (LISC), the Verizon Small Business Digital Ready online platform is designed to give under-resourced small businesses the FREE tools they need to help them grow and succeed in today’s digital economy. Small business owners who register on the platform receive free, personalized access to over 40 online courses – some of which are available in Spanish -- coaching opportunities with industry experts, peer networking events, and incentives such as the opportunity to apply for grant funding.

Key Points: 
  • BASKING RIDGE, N.J., Feb. 26, 2024 (GLOBE NEWSWIRE) -- Today, Verizon announced that new grant funding opportunities for small businesses are available for Verizon Small Business Digital Ready users in Houston, Miami, Phoenix and Los Angeles areas.
  • Since Verizon Small Business Digital Ready launched in 2021, we have been able to support more than 270,000 small business owners nationwide.
  • Based on a survey conducted of small business owners registered on the platform, 99% of respondents agree that Small Business Digital Ready courses helped their business.
  • *Based on a survey conducted of more than 4500+ users registered on the Verizon Small Business Digital Ready platform.

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

Retrieved on: 
Thursday, February 29, 2024
Builder, Fundraising, Community, Bank, Nonprofit organization, LISC, HUD, Sale, Blackstone Valley, Local Initiatives Support Corporation, House, Trust, Organization, Humanity, Housing, Pharmaceutical industry

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.

Truist Charitable Fund names 17 new grant recipients

Retrieved on: 
Wednesday, February 14, 2024
Professional, Education, Growth, Partnership, Success, Private law, Enterprise Community Partners, Consultant, Empowerment, Organization, Capital Good Fund, Workforce, Housing, CNC, LMI, Intellectual, Telephone directory, Small business, Transport, LISC, Truist Financial, Economic development, Community, Pathway, Human, CDFI, Naturally, TFC, VSH, Creativity, Employment, Prisoner, Knowledge, Poverty, Opportunity Center, Community Reinvestment Act, Quality of life, Child care, School, Policy, Center for Community Self-Help, CAP

CHARLOTTE, N.C., Feb. 14, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the initial recipients of its Truist Community Catalyst Initiative, a three-year Community Reinvestment Act program supporting local efforts with statewide impact. This initiative will support 17 efforts across 13 states, impacting 54 communities, allowing local nonprofit organizations to better respond to critical community needs within their state.

Key Points: 
  • The 2023-25 Truist Community Catalyst Initiative focuses on issues within four key focus areas: affordable housing, small business access to capital, workforce development and essential community services.
  • As each program expands, grant recipients will have the opportunity to reapply for additional funding annually through 2025.
  • Grant funding will expand the nonprofit's Naturally Occurring Affordable Housing Preservation Project and Housing Loan Fund to finance and secure affordable housing units.
  • Capital Good Fund: A CDFI with a mission to create pathways out of poverty and advance a green economy through inclusive financial services.

Founders First CDC to Award $100,000 in 4th Year of Grants to Support Diverse-Led Illinois Businesses

Retrieved on: 
Sunday, January 28, 2024
Economic development, Capitalism, LISC, Sleep, Multimedia, Partnership, FastPath, Growth, Shoe, CDC, Workforce, Economy, World Business Chicago, Nursing

CHICAGO, Jan. 28, 2024 /PRNewswire-PRWeb/ -- Non-profit Founders First CDC relaunches The Chicagoland Job Creators Grant offering $100,000 in total funds to 25 diverse-led businesses in the state of Illinois. This grant is intended to support premium-wage job creation in under-resourced small businesses. Grant applications are accepted beginning Tuesday, January 9, 2024 through February 6, 2024.

Key Points: 
  • CHICAGO, Jan. 28, 2024 /PRNewswire-PRWeb/ -- Non-profit Founders First CDC relaunches The Chicagoland Job Creators Grant offering $100,000 in total funds to 25 diverse-led businesses in the state of Illinois.
  • This grant is intended to support premium-wage job creation in under-resourced small businesses.
  • Founders First has supported over 1,848 companies since the Job Creators Grant programs became, helping them achieve an average of 25% year-over-year growth.
  • Twenty-five grants will be awarded to diverse-led companies across the state of Illinois.

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

Retrieved on: 
Wednesday, December 6, 2023
Small business, Local Initiatives Support Corporation, SAN, Lawsuit, LPL Financial, LPL, LISC, Financial adviser

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.