Citi Foundation Grants a Collective $9 Million to Nine Northern California Nonprofits Working Locally to Increase Economic Opportunity in Latest Expansion of the Community Progress Makers Initiative
14 Mayo 2024 - 11:30AM
Business Wire
Each of the nine organizations is set to receive $1 million in
unrestricted funding over three years as well as access to a
learning community and network of Community Progress Makers across
the country
The Citi Foundation (“the Foundation”) today announced that nine
nonprofits based in Northern California have been selected as part
of the fourth cohort of the Community Progress Makers
initiative.
First launched in 2015, Community Progress Makers provides
unrestricted funding to visionary organizations that work locally
to connect low-income communities to greater economic opportunity.
With this latest cohort, the Foundation has now committed $115
million in grants to Community Progress Makers since its
inception.
The current cohort of Community Progress Makers has been
selected through an open request for proposals (RFP) process
announced this past fall, which focused on organizations working in
the areas of affordable housing and access, economic development,
financial health and workforce readiness.
“Unrestricted grant support is in high demand and low supply and
we have witnessed how transformational this type of funding can be
for community organizations,” said Brandee McHale, President of
the Citi Foundation and Head of Citi Community Investing &
Development. “This is why we are pleased to support the
innovative solutions and deep community work that the organizations
in this fourth cohort of Community Progress Makers are leading in
Northern California through flexible, trust-based funding.”
“These Northern California-based Community Progress Makers are
working at the forefront of pressing local issues, from workforce
and economic development to housing and financial health,” said
Philip Drury, Head of Global Technology and Communications
Banking, Citi. “The flexible philanthropic capital that Citi
Foundation is deploying will help these social innovators double
down and find new ways to advance their work.”
All recipients will have access to a learning community where
they can collaborate and share best practices with a network of
Community Progress Makers across the country, as well as receive
technical assistance delivered by national experts and leading
researchers. Combining their local expertise and track record of
community impact with a national network of resources and
changemakers, these nonprofits are poised to accelerate their
community-based work in Northern California.
“San Francisco’s community organizations have a long history of
advocating for and advancing the needs of low-income and
underserved communities,” said Mayor of San Francisco London
Breed. “Initiatives like Citi Foundation’s Community Progress
Makers help to accelerate this deep community work. I look forward
to seeing the tangible community impact that results from the
innovative work of these San Francisco and Northern California
nonprofits.”
These are the community organizations selected to the fourth
cohort of Community Progress Makers in Northern California:
- ASIAN, Inc.
- Fresno Area Hispanic Foundation
- ICA Fund
- Mission Asset Fund
- MyPath
- Northern California Land Trust
- Opportunity Junction
- Pacific Community Ventures
- Rubicon Programs
"As an organization working to expand economic mobility for
nearly two decades, we've learned that it takes innovation and an
adaptive multi-pronged approach to address the needs of underserved
communities,” said Margaret Libby, Founder & CEO,
MyPath. “That is why the unrestricted support from the Citi
Foundation through the Community Progress Makers initiative is so
transformational – it puts each nonprofit in the driver’s seat and
offers the flexibility and support to maximize impact in our
communities.”
For more information, please visit citifoundation.com/cpm and
follow the impact these organizations are making at #ProgressMakers
on social media.
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version on businesswire.com: https://www.businesswire.com/news/home/20240513032788/en/
Media: Andrew Talbot, Citi Foundation Communications |
andrew.talbot@citi.com