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From Delaware Business Times
YWCA DE CEO Stephanie L. Staats will receive the Jessie Arrey-Mbi Leadership & Service Award for her commitment to service and improving the lives of women and families.
The award is given by Women in Leadership Development & Empowerment, Inc. (WILDE), a professional women’s 501 (c)3 public charity that works to improve the lives of women and children.
Read more here.
From The Chronicle of Philanthropy
What are your peers reading on these winter days? The Chronicle of Philanthropy asked our followers on Twitter (@philanthropy) and in our LinkedIn Group what they recommend. Here’s what they said.
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From Inside Philanthropy
“If we, as Latinos, are not at the table, we are going to be on the menu,” said John Padilla, co-founder of the Progreso Latino Fund (PLF) at the Community Foundation for Greater New Haven. He was speaking late last year at an event called “Una Conversación Entre Familia: Collective Giving and the Power of Latino Philanthropy,” hosted by the Latino Endowment Fund (LEF) at the Hartford Foundation for Public Giving.
Along with representatives of the third main Latino giving circle in New England, the Latino Legacy Fund (LLF) at the Boston Foundation, these groups convened to discuss their work and aspirations in Latino-focused philanthropy. Senior Development Officer Wanda Correa, who provides support for the LEF and led the effort to convene this forum, tells us the event was also a recognition of the LEF’s 15th anniversary, or quinceañera. It was also the PLF’s 15th year in action and the LLF’s fifth.
Latino Giving Circles on the Rise
At nearly 18 percent of the population, Latino people are the largest minority in the U.S., and their population has grown sixfold since 1970. Yet a few years ago, the Boston Globe reported that only about one penny of every charitable foundation dollar nationwide goes to Latino groups. The good news is that Latino giving circles and similar collaborative funds are on the rise, mobilizing new philanthropic resources for these communities. This is part of a broader trend we’ve been covering at IP, in which donors of color are becoming more collaborative and coordinated. This sea change reflects growing wealth for these populations, their frustration with longstanding neglect by mainstream philanthropy, and their desire to be self-funded and self-powered problem solvers within their own communities. Giving circles—often housed at community foundations—are a powerful way to bring together emerging donors, and the meeting hosted by the Latino Endowment Fund is another indicator of growing momentum in this dynamic corner of philanthropy.
Read more here.
The Opportunity Zone tax incentive–passed in amended form as part of the Tax Cuts and Jobs Act of 2017–is a potentially powerful new tool for helping low-income communities. By providing breaks for certain investments in distressed areas, it has already led to the creation of nearly $1 billion in new funds. Officials from the Treasury Department expect $100 billion in private capital will be deployed through the incentive.
But the policy may fail to achieve its goals unless foundations guide investments in the right direction. Their deep experience in struggling local communities around the nation prepares them for the challenge.
Read more of this SSIR article here.
Every night in Delaware, about 1,000 people are homeless. About 3,000 people, including children, will be homeless at some point throughout the year, according to the Delaware State Housing Authority.
As part of an ongoing effort to reduce those numbers, state leaders unveiled plans to spend $1.2 million in funding from the Federal Home Loan Bank of Pittsburgh and the authority.
The money will help people like Katherine Banks, who was facing the prospect of becoming homeless when her husband was imprisoned. Banks received aid from Lutheran Community Services, which provides guidance and financial assistance to keep people off the streets. “Everybody needs each other, I’m grateful,” Banks said during an event announcing the new funding at the LCS office in Wilmington.
FHLBank Pittsburgh will provide $700,000 through the Home4Good initiative, and the Delaware State Housing Authority will contribute $500,000 to the effort. The money will fund rapid rehousing efforts as well as homelessness diversion and prevention programs.
Read more here.
Sourced from WBOC and Delaware Business Now
Demolition of an old Beebe Healthcare medical building has begun, with the property being turned into green space as part of a remodeling project on its newly-named Margaret H. Rollins Lewes Campus. The project is made possible by a $10 million gift from the Ma-Ran Foundation.
Beebe Healthcare COO & Vice President, Rick Schaffner, credited all the former building had done for the community and the company, but said plans moving forward will change the landscape in a positive way. "I think it allows us the opportunity to create a nicer expansion,” Schaffner said. “We are going to have some additional parking available as well. It really begins to propel our organization forward on this campus."
Beebe is undertaking a number of projects in fast-growing Coastal Sussex County. Read more about it at the Beebe Medical Foundation website.
From Delaware Business Times
Gov. John Carney and the Delaware State Housing Authority (DSHA) on Thursday announced that eight new downtown revitalization projects in Milford, Dover and Wilmington will receive $4.6 million in rebate funding through Delaware’s Downtown Development Districts (DDD) program.
Established in May 2014, the DDD program was created to spur private capital investment in commercial business districts and other neighborhoods and stimulate job growth and improve the commercial vitality of cities and towns.
Since 2015, the program has leveraged $29.3 million in rebates toward $551 million in private investment in designated downtown districts in all three counties.
Read more here.
The Veteran Watchmakers Initiative received a grant from the Welfare Foundation to start the fit-out of training space. The Welfare Foundation is a member of Philanthropy Delaware.
From Delaware Public Media
The Veteran Watchmakers Initiative and its 16-month old Odessa Center for Horological Excellence are receiving a $30,000 grant from M&T Bank just as its first class of watchmakers gets ready to graduate.
Former Coast Guard Member Jim Gardner is one of five completing the program. “This has been a great opportunity for me. I fell in love with watchmaking,” said Gardner. “I can’t wait to get out in the field and take advantage of it.”
After about eight months of assessment, the Pew Charitable Trusts is making recommendations to Delaware’s Behavioral Health Consortium on how to further combat the opioid crisis.
Pew’s data shows Delaware had the nation’s 5th highest overdose death rate in 2017 and less than half of the people in the state who need treatment for substance abuse disorder receive it.
It also shows a lack of access to the opioid addiction medication buprenorphine. According to Pew, only five of the state’s 258 physician assistants have obtained a waiver to prescribe it.
M&T Bank is a member of Philanthropy Delaware.
M&T Bank announced today more than $21 million in grants to support the construction or rehabilitation of 1,621 affordable housing units within 20 neighborhoods in New York, New Jersey and Pennsylvania.
The grants for projects sponsored by M&T are provided through the Federal Home Loan Bank of New York Affordable Housing Program.
"Our community development lending helps many projects come to fruition, including affordable housing projects. We work closely with our partners to access a variety of different funding sources, in addition to our own bank loans. The Federal Home Loan Bank of New York has consistently provided outstanding grant support for these projects as an additional capital source," said Brad Dossinger, Group Vice President for Community Reinvestment at M&T Bank.
Read the press release here.
Copyright Philanthropy Delaware, Inc. 2017Philanthropy Delaware, Inc. is a 501(c)3 nonprofit organization
Office: (302) email@example.com
Address:100 W. 10th Street, Suite 500Wilmington, DE 19801