Bank of America giving $300,000 in grants to local nonprofits
“Advancing economic and community development initiatives strengthens the vibrancy of Phoenix where people want to live, work and do business, and is part of our approach to responsible growth,” said Benito Almanza, president at Bank of America. “By deploying philanthropic capital to nonprofits that are helping to ensure all neighborhoods and households be part of the exciting economic growth that is occurring across the Valley, we can work towards long-term and sustainable economic success.”
Among the nonprofits receiving grants is Phoenix Local Initiatives Support Corporation (LISC), which will use the funding for comprehensive place-based revitalization projects that makes housing more accessible and inclusive in downtown, along parts of the light rail corridor and on a regional scale.
“Programs, like LISC, that ensure working families, low-income households and small businesses at risk of displacement can continue to have opportunities as downtown Phoenix and other economic corridors continue expanding,” said Terry Benelli, Phoenix LISC Executive Director. “Since its inception in 1992, LISC Phoenix has worked with grassroots organizations to address community problems in low-income neighborhoods.”
Other organizations receiving grants include:
Habitat for Humanity of Central Arizona
National Audubon Society / Arizona Audubon
One-in-Ten, Inc.
ACCION,
Arizona Housing Coalition
Chicanos Por La Causa
Trellis
Trellis
UMOM
Newtown CDC
Save the Family, Mesa. . . .
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Mar 15, 2018 - Partnering with CDFIs, foundations can leverage their philanthropic capital to invest in innovative solutions that build vibrant, prosperous
A PHILANTHROPIST’S
GUIDE TO THE FUTURE
Presented by the Michael & Susan Dell Foundation
Yes, philanthropy is indeed changing. And it’s changing in five distinct ways:
- The role of philanthropy is shifting, from one that focuses on capital to one that focuses on competence.
- The motivation to work in philanthropy is shifting, from passion alone to a mixture of passion and pragmatism.
- The approach to problem-solving is shifting, from staging interventions to pursuing innovations.
- The relationships between social impact leaders are shifting, from coordination among peers to full-on collaboration.
- The scope of work within organizations is shifting, from quick fixes to long-term involvement.
