Citi Foundation Grants a Collective $5 Million to Five South Florida 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 five 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 five
nonprofits based in South Florida 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 South Florida through flexible, trust-based funding.”
“This philanthropic investment in community organizations across
the U.S. is one of the many ways that the Citi Foundation supports
economic growth and progress,” said Ed Patterson, Central
Southeast Region Head, Citi. “I can’t wait to see how these
organizations accelerate impact across South Florida in the areas
of financial health, economic development and affordable housing
and access.”
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 South Florida.
“I know first-hand that an investment at this scale is
transformational for organizations working on-the-ground in
neighborhoods like Allapattah,” said City of Miami Commissioner
for District 1 Miguel Angel Gabela. “With this influx of
flexible funding, the changemakers in this cohort are set to have a
tremendous impact on the lives of residents in my community and
across South Florida.”
These are the community organizations selected to the fourth
cohort of Community Progress Makers in South Florida:
- Branches
- Habitat for Humanity of Broward
- Pathway Capital Funding
- The Allapattah Collaborative Community Development
Corporation
- Urban League of Broward County
"As we join this new cohort of Community Progress Makers,
Branches is thrilled to be recognized as a changemaker working to
improve the financial well-being of students and hardworking
families in South Florida,” said Brent McLaughlin, President
& CEO, Branches. “Citi Foundation's support is
game-changing for Branches, giving us the opportunity to exchange
ideas with and learn from other impactful organizations from around
the country and giving us the resources to achieve our goals."
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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Andrew Talbot, Citi Foundation Communications |
andrew.talbot@citi.com