Citi Foundation Grants a Collective $9 Million to Nine Southern California Nonprofits Working Locally to Increase Economic Opportunity in Latest Expansion of the Community Progress Makers Initiative
May 14 2024 - 12:30PM
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 Southern 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
across Southern California through flexible, trust-based
funding.”
“This is an inspiring group of community organizations working
to improve the lives of underserved communities in Southern
California,” said Collene Greenlee, Southern California
Marketplace Leader and North America Head of Consumer Products and
Retail Industry, Citi Commercial Bank. “Issues like affordable
housing, economic development and financial inclusion are pressing
and I look forward to seeing how each changemaker leverages the
Citi Foundation’s support to extend their reach.”
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 Southern California.
"In my work serving Los Angeles County's 2nd District, I have
seen first-hand the impact that nonprofit organizations can have in
helping to meet the needs of our shared constituency. Inclusive
Action for the City, PCR Business Finance, and New Economics for
Women are great examples of organizations stepping up to deliver
services and resources to our communities," said Los
Angeles County Supervisor Holly J. Mitchell. "Philanthropic
initiatives like this are important in supporting nonprofits to
expand in size, scope, and outreach that will positively impact the
lives of more Angelenos."
These are the community organizations selected to the fourth
cohort of Community Progress Makers in Southern California:
- Central City Neighborhood Partners
- City Heights Community Development Corporation
- Inclusive Action for the City
- Neighborhood Partnership Housing Services
- New Economics for Women
- Orange County Community Housing Corporation
- Pacific Asian Consortium in Employment
- PCR Business Finance
- Ventura County Community Development Corporation
"With this program, the Citi Foundation is unlocking a national
network of changemakers and pool of resources to help advance NPHS’
work at the local level,” said Clemente Mojica, CEO,
Neighborhood Partnership Housing Services. “We are honored to
participate in this new phase of Community Progress Makers and
advance our work improving the financial health of individuals and
creating equitable communities through innovative housing
solutions.”
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/20240513738465/en/
Andrew Talbot, Citi Foundation Communications |
andrew.talbot@citi.com