In naming Michael Pugh a leader in finance, Crain's NY noted his leadership of LISC, a CDFI that has invested $30 billion in underserved communities, as well as his accomplishments in establishing a loan fund leveraging alternative data and cultivating the next generation of financial leaders at HBCUs.

An article in The Chronicle of Philanthropy details the surge of interest in investing with community development financial institutions (CDFIs), as a response to the pandemic and the country’s racial reckoning. Corporate and philanthropic leaders are recognizing that CDFIs can connect their resources to work that closes racial health, wealth and opportunity gaps, and LISC …