Citi Foundation Grants a Collective $16 Million to 16 Greater New York City 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 16 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 16
nonprofits based in the greater New York City area 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 greater New York City through flexible, trust-based
funding.”
“These organizations are fiercely committed to supporting
underserved communities across the region,” said Scott Stokes,
New York Metro Region Head, Citi. “I look forward to seeing how
the Citi Foundation’s unrestricted grant support helps to advance
their work in the areas of workforce development, housing security,
financial health and more.”
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 the greater New York City area.
“The Adams Administration recognizes the vital role that private
companies, philanthropy, and community organizations play in
promoting economic opportunity and addressing local challenges.
When these sectors work together, we build a more inclusive and
prosperous New York City for all residents,” said First Deputy
Mayor Sheena Wright. “Expanding access to capital for
nonprofits through initiatives like Citi Foundation’s Community
Progress Makers is key to their long-term success and sustainable
impact. This investment helps community organizations deliver on
their visions and improve the lives of New Yorkers most in
need.”
These are the community organizations selected to the fourth
cohort of Community Progress Makers in the greater New York City
area:
- America On Tech
- Building Neighborhoods Together
- Chhaya Community Development Corporation
- Cypress Hills Local Development Corporation
- Fifth Avenue Committee
- Greater Newark Enterprises Corporation
- Habitat for Humanity New York City and Westchester County
- Leadership Training Institute
- RiseBoro Community Partnership
- SEO (Sponsors for Educational Opportunity)
- SEPA Mujer
- Start Small Think Big
- The Ali Forney Center
- The Association for Neighborhood and Housing Development
- Urban Upbound
- Women's Housing and Economic Development Corporation
“This support from the Citi Foundation has, and will continue to
be, transformative for our organization,” said Jessica Santana
and Evin Robinson, Co-Founders of America On Tech. “With
flexible funding at this scale, America On Tech has the time and
resources to expand our impact and invest in preparing the next
generation of technology leaders in underserved communities.”
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/20240513905207/en/
Andrew Talbot, Citi Foundation Communications |
andrew.talbot@citi.com