Our Edgility Consulting team loved working with Marin Promise Partnership on their CEO Search. We are excited for the staff, board, community partners, and Richard Raya as he takes the helm! Richard has over 20 years of executive-level experience, focused on bringing elected officials, administrators, funders, and the community together to improve outcomes for low-income families. In his most recent role as Chief Strategy Officer of Mission Economic Development Agency (MEDA), Richard helped MEDA’s Promise Neighborhood (MPN) become one of the only Promise Neighborhoods in the country to replace its federal funding with a mix of philanthropic, city, and state funding. Richard helped initiate systems change across San Francisco by aligning MPN’s community-led approach with the Mayor’s COVID recovery plan. His leadership created holistic, cradle-to-career planning processes in the city’s hardest-hit neighborhoods and the first Promise City plan in the nation. He is currently a Senior Fellow at Harvard’s EdRedesign Lab, an Ascend Fellow with the Aspen Institute, and a Board Member for StriveTogether. “I am honored to join Marin Promise Partnership and build upon the incredible work that has been accomplished. I am committed to fostering collaboration among our partners and tapping into the power of place and resident voice to ensure every student in Marin County has the support and resources they need to succeed. Together, we will continue to align our efforts and create lasting change for generations to come.” - Richard Raya, Incoming CEO of Marin Promise Partnership
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Three individuals and/or organizations will be honored at the upcoming ACHANGE symposium June 20-21. The awards categories are: Innovation in Housing Design and Development: recognizes the creativity, originality and breakthrough thinking in developing housing, whether single family, multifamily or a derivative thereof, Recognition will be given to the individual/organization/business that is transforming the affordable housing landscape in their community. Best in Housing Revitalization: recognizes the individual/organization/business that has taken a formerly blighted or neglected property and redeveloped the property into quality housing for people with modest incomes. Best in Community Economic Development Partnership: recognizes a private/public partnership that has/is improving the quality of life options within their community. Awards competition rules: Open to anyone who performs work related to affordable housing in Arkansas, even if located elsewhere. Nominations may be accepted for individuals, public or nonprofit organizations, or private-sector businesses. Nominations must be received no later than 5:00 p.m. on Wednesday, June 12, 2024. Projects must have been performed in Arkansas. Nomination link: https://www.https://www.achange.org/news/ Please contact ACHANGE at [email protected] for more information.
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Market & Venture Builder | Capital Strategist for Profits & Purpose ✨ 🗣️ Ask me about Capital Explorer: an online tool helping founders find up to 16 different ways to finance their ventures!
Check out this awesome case study in blended & #innovativefinance used to support community-led revitalization:
Sometimes a failure of the financial system makes me so mad I spring in to action!! I was grateful to team up with Alison Chopel and leo freeman and Seed Commons to resource Center for Habitat Reconstruction in Puerto Rico. They won an $11M federal contact but no one would offer them a line of credit or working capital!!! We were able to organize investors from Chordata’s community to offer financial backing so they could access the capital they needed. I’m inspired by their work collaborating with communities to transform abandoned buildings into habitable affordable housing and healthy community spaces. You can learn more about the strategies that emerged here:
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An idea is just an idea until the right people rally behind it and mold it into reality. How do we combat the displacement of communities? How do we promote local control, ownership and wealth building in our models of neighborhood investment? How do ensure that we maintain space in the long-term that is affordable and accessible? These are the questions that come up every day in our work -- HOW to invest in underserved communities and build long-term, thriving neighborhoods. And the answer is complex -- there is no silver bullet. Which is why expanding the tools available to neighborhoods, developers and cities is critical. The Kensington Corridor Trust is a leading tool in an expanding tool chest -- taken from theory, molded in passion and thrown into practice. However, it wouldn't be where it was today without the key ingredient -- a group of cross-sector leaders came together to give it form and then to attract the best leadership and... step aside. This four-year introspection from the Nowak Metro Finance Lab, led by Karen Black and supported by The Barra Foundation brought us down memory lane. This was hard work, molded by the intensity needed to get this right - as stakeholders, partners and leadership for the City of Philadelphia and in the national context of community work. It wasn't easy, but I am so proud of how this organization, led by the indefatigable and community-grounded Adriana Abizadeh, continues to break new ground nationally, accomplishing this in the difficulty of the complex, underinvested, yet strong and resilient community of Kensington. Adriana Abizadeh Kensington Corridor Trust Casey O'Donnell Jonathan Arrieta, CSM,CSPO John Grady Jennifer Crowther Tayyib Smith Nancy Gephart Jeffrey Kahn PIDC Impact Services The Barra Foundation Joseph Margulies https://lnkd.in/e5guX9Dx
The Kensington Corridor Trust: The First Four Years
https://www.may8consulting.com
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IN THE NEWS: The newly formed, private, nonprofit countywide economic development organization is dedicated to encouraging growth and prosperity in conjunction with local, regional, and statewide economic development and philanthropic organizations and public sector leaders. Read more: https://lnkd.in/gVvcy-dr #economicdevelopment #loraincounty #ohio #oneloraincounty
Lisa Hutson Drives Economic Growth in Lorain County
pulselorainmag.com
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Interesting that DAFs outpaced contributions. these are Community Foundations DAFs not those at private financial institutions which have been criticized as more tax avoidance than charitable endeavors. Think of these were also deployed in communities, the change that could occur. There is so much secrets keeping about DAFs. There needs to be greater transparency and accountability given the tax preferences for these vehicles which have or should have not only a charitable goal but a goal that is actioned.
Check out this informative piece on community foundations DAF activities by my Council on Foundations colleague David Rosado via Candid. https://lnkd.in/eCbyZhQh
Community foundations: Donor-advised fund grants outpaced contributions in 2022
https://blog.candid.org
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In February 2023, in the midst of a hectically wild season, I submitted a federal grant application on behalf of Restorations thinking that we wouldn't receive it, but also knowing that we couldn't get what we didn't apply for. Just over a year ago, I was notified that we were successful in our grant application. Elated, I went to the grant agreement form and was confused by the funding amount provided. I experienced something I'm betting I won't get to experience again in my fund development career: the grant we received was *twice* the amount I had requested. When I called the foundation issuing the grant, I told them they had made a mistake with the amount, and they responded that they saw such a great need for what Restorations Second Stage Homes was doing, they wanted to give us those extra funds so we could really dive into this work. So just over a year ago, we began the project “Revitalizing Restorations’ governance strength and planning for continued growth.” The grant from the Community Services Recovery Fund allowed us to: → Evaluate and update our current governance policies, and → Develop an organizational strategic plan. Today we shared this strategic plan publicly. As we dive into the next 5 years of continuing to support survivors of human trafficking and exploitation, our strategic direction is focused on "strengthening the support network for survivors through increased visibility, capacity, partnerships, strong governance, solid infrastructure and diversified funding." I have learned so much about governance and organizational development this year. My brain and my heart are full. I look forward to the project being wrapped up this week and reporting to the funder next month about what we have achieved over the last year to strengthen and grow the organization to better support survivors. As I wrap up this mushy post, consider checking out our new webpage highlighting our next phase of growth: https://lnkd.in/giA-vFdR
2024-2029 Strategic Plan — Restorations
restorationscanada.org
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The most important takeaway from CEP's latest research on MacKenzie Scott's giving is right there in this Chronicle headline: there's a gap btw other funders' fears abt the model that Scott has developed & grantees actual experience of the funding. This doesn't necessarily mean that Scott's model is the optimal one for funders to pursue (there are "strategic" critiques, etc.); but it does suggest they should interrogate their resistance to it & the basis for their concerns, which likely have more to do w/ their own norms & expectations. https://lnkd.in/dFj-iK4d
Fears That Charities Can’t Handle MacKenzie Scott Donations Are Unfounded, Study Finds
philanthropy.com
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There is a lot here — first and maybe fundamentally, let's acknowledge and lift up the finding that leaders/orgs *can* handle big, transformative funding. It is completely possible for them, when resourced, to figure it out and get the support needed to manage those additional resources. 2nd, a concern: 20% not having spent any of the money — I would love to discover what supports, nudges are needed to get those resources into circulation for change and impact. 3rd, the theme about transparency in philanthropy: I'm on the fence here rn because I know to appreciate the thinking and acad work of Rob Reich re fundamental role, power, and transparency in philanthropy and yet I also appreciate what is likely a shared concern of organizational leaders (esp for BIPOC and movement orgs) re messaging and attention around that level of new funding. 4th: please, does anyone else out there share my irritation and concern about way too many (3000 if I recall) applicants for far fewer $1M in the most recent round for the Open Call? To me, this result signals that *the openness* wasted precious time and resources of social impact orgs. Loving the intention of change in philanthropy — but as colleagues, we still have work to do to lift our critical voices and roll up our sleeves to truly shift our practice and results toward equity and liberation.
The most important takeaway from CEP's latest research on MacKenzie Scott's giving is right there in this Chronicle headline: there's a gap btw other funders' fears abt the model that Scott has developed & grantees actual experience of the funding. This doesn't necessarily mean that Scott's model is the optimal one for funders to pursue (there are "strategic" critiques, etc.); but it does suggest they should interrogate their resistance to it & the basis for their concerns, which likely have more to do w/ their own norms & expectations. https://lnkd.in/dFj-iK4d
Fears That Charities Can’t Handle MacKenzie Scott Donations Are Unfounded, Study Finds
philanthropy.com
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Grant Development
Center for Nonprofit and Community Development
https://www.youtube.com/
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