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Our CEO on the Business of Giving

In an interview for “Business of Giving”, a New York radio show on trends in philanthropy, Maurice Jones talks strategy, compassion and how our new partnership with Facebook is a cutting-edge conduit for bringing private sector dollars to communities in need.

Maurice Jones, LISC CEO, with Denver Frederick, host of The Business of Giving
Maurice Jones, LISC CEO, with Denver Frederick, host of The Business of Giving

Transcript


Denver: LISC, or the Local Initiatives Support Corporation, has a well-earned reputation for having become an incubator for innovation in the community development field, effectively aligning the public, private, and nonprofit sectors, and catalyzing opportunities in both urban and rural communities. And with us this evening to tell us about that work and its impact is their President and CEO, Maurice Jones. Good evening, Maurice, and welcome to the Business of Giving.

Maurice Jones: Good evening. Thanks for having me.

Denver: Tell us about LISC, or Local Initiatives Support Corporation, and the mission and goals of the organization.

Maurice: Absolutely. So LISC is an almost 40-year-old enterprise. Our mission, basically, is to work with partners at the local level to forge opportunities. Communities of opportunity. That’s what we’re about. How we do it? We invest money in these communities; we bring other money and combine it with ours.  We serve as what I would call a backbone organization where we help get projects done; we work on public policy issues, and then we serve as an advisor to investors in these communities, as well as the communities and residents themselves who are trying to get work done. We’re doing work in the affordable housing space. We’re trying to get people prepared for jobs that make a living wage. We’re trying to attack food deserts. We’re trying to make sure that people have health facilities. Those are the problems that we’re trying to solve through the means that I just discussed.

Denver: An absolutely holistic approach. As you alluded to, you’re about 40 years old. You’re founded in 1980. What have you been able to achieve and accomplish in those nearly 40 years?

Maurice: In almost 40 years time, LISC itself has invested over $17 billion in these communities. I’ll tell you more about our offices. We have offices, about 31 offices or so, all across the country in urban areas. And then we work with another 80 or so partners in rural areas. So we serve the rural areas in 44 states, 2,000 counties. We’ve invested 17.5 billion. We have aggregated or leveraged with that 17.5 billion, $52 billion of investments in these communities, 366,000 units of affordable housing, and millions of square feet of facility space. When I talk about facility space, I mean child care centers, schools, fields for kids and adults to recreate on, theaters, all the kinds of infrastructure that a community needs to be a true community of opportunity. We’ve facilitated or done all of that in that almost 40 years.

Read more on The Chronicle of Philanthropy [+]... 

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