Our work helping residents and transforming communities into great places to live, work and raise a family wouldn’t happen without the support of our donors. This National Philanthropy Day, we gratefully acknowledge all of our funders. Check out the extraordinary work we’ve done together.
On National Philanthropy Day, LISC is pleased to recognize the philanthropic partners who help us connect neighborhoods across the country with the resources to become resilient and inclusive communities of opportunity. Just as important as loan, grant and equity investments are our partners’ representatives, who are on the ground with us, day in and day out, contributing their leadership and expertise on both the local and national level.
These partners include banks, corporations, foundations, government agencies and individuals. Today, we celebrate their generosity through the photos below, in a blog post by Beth Marcus, senior vice president of development and on social media.
State Farm and LISC partner to build economic opportunity in communities throughout the country. The company supports our financial stability work while helping to lift up commercial areas and provide safer and more vibrant places for business owners to set up shop, create jobs and grow local income.
Support from The W.K. Kellogg Foundation advanced Financial Opportunity Centers and helped launch the Bridges to Career Opportunities initiative. A new grant will strengthen our job retention work and efforts to help people move into jobs that pay a family-supporting wage.
Above, a welding program at the Jane Addams Resource Center, part of Bridges to Career Opportunities.
JPMorgan Chase's most recent grant helps increase economic opportunity through LISC's national Financial Opportunity Center network and targets support for 10 local markets to address pressing issues, including financial stability and affordable housing. We are grateful for JPMorgan Chase’s dedication to helping people find a pathway to economic inclusion.
Citi's support helped LISC launch a national economic development strategy. In San Diego, one of our Citi-supported pilot sites, we transformed an open lot into Fair@44, an outdoor market that has helped launch three new businesses, increased the earning potential of six growing ventures, and increased employment opportunities for thirteen local artists and entertainers.
LISC and our affiliate, the New Markets Support Company, created Impact Lending with Northeastern University. This $6.5 million loan fund increases the university’s contracting with women and minority businesses in the area, and open doors to opportunity for those enterprises.
Bank of America's support for LISC is wide-ranging and flexible, supporting comprehensive community development efforts and spurring economic gains in communities across 21 urban markets and hundreds of rural communities.
The MetLife Foundation's continued support for the Financial Opportunity Center network helps us serve participants more intensively. We are also indebted to MetLife for their funding of LISC Safety and Bring Them HOMES, our national veterans supportive housing initiative, which they helped get off the ground, and continue to support.
LISC is grateful for our new partnership with Facebook. We've been tapped to manage an $18.5 million investment from Facebook in partnership with community groups and the city of East Palo Alto to create quality affordable housing (such as the building pictured) in Silicon Valley where Facebook is headquartered. LISC plans to quadruple the Catalyst Fund, as it is known, to $75 million to address regional challenges such as affordable housing and access to economic opportunity for local residents.
The Kresge Foundation is the founding supporter of LISC’s creative placemaking strategy. We are working together with local residents, artists, and organizations in communities across the country to spur economic development and opportunity, and enhance and social cohesion, using the unique power of arts and culture.