The Home L.A. Loan Fund is a one-of-a-kind, risk-free charitable investment option focused on fighting homelessness in Los Angeles County. Donor investments are pooled and used to provide three- or five-year seed capital to organizations building permanent supportive housing units for the chronically homeless. By jump-starting the process, this capital accelerates the pace and scale of production, creating more homes for our neighbors who need them most. All Home L.A. loans are guaranteed by CCF. At the conclusion of the loan, 100% of the initial investment is returned to the donor’s fund, from which any or all of it can be directed back into the Home L.A. Loan Fund or to the charitable fund or organization of the donor’s choosing.
By Amy Chance, The Sacramento Bee
LOS ANGELES – June 20, 2018 – The California Community Foundation (CCF) has awarded $5,750,020, through 54 grants to nonprofit organizations dedicated to creating a healthier, more empowered and more prosperous future for all Angelenos.
In 2015, CCF made a pledge to grant $1 billion to Los Angeles County nonprofits by 2025. To date, the foundation and its donors have given more than $303 million.
CCF’s grants this quarter include $500,000 to programs focused on increasing response rates and reducing undercounts in the 2020 U.S. Census in Los Angeles County. L.A. County residents pay more in income taxes than 25 U.S. states, and an accurate census count is vital to ensuring we see our fair share of federal dollars. L.A. County has been identified as the nation’s hardest to count, and studies show that reducing the non-response rate from 3 percent to 1.5 percent would result in an additional $300 million in federal funding over the next 10 years.
In addition to its multimillion-dollar grant commitment, CCF announced a massive expansion in its Program Related Investment (PRI) fund, more than doubling its assets to $45 million. For three decades, the PRI fund has provided direct loans to nonprofits and capital to nonprofit lenders, leveraging $160 million from other public and private partners and helping organizations throughout Los Angeles grow their impact and capacity and.
Additional grants made this quarter reflect CCF’s diverse funding areas: education, health, housing, immigration and nonprofit sustainability.
“We are investing in the future of L.A. When families have access to housing and quality care, our community becomes healthier. When our children succeed in school and college, we all reap the economic benefits. And when our immigrant neighbors are protected and incorporated into civic life, we all enjoy a more vibrant culture of shared prosperity,” said CCF President & CEO Antonia Hernández.
Please see below for a full list of grants this quarter.
CALIFORNIA COMMUNITY FOUNDATION GRANTS BY FUNDING AREA
June 2018
| PROGRAMS & INITIATIVES | NUMBER OF GRANTS | AMOUNT |
|---|---|---|
| Census | ||
| * Asian Americans Advancing Justice Los Angeles * California Calls Education Fund * California Native Vote Project * Council on American-Islamic Relations California * Disability Rights California * NALEO Educational Fund * Pacific Institute for Community Organizations |
7 | $500,000 |
| Education | ||
| * Crystal Stairs, Inc. * Inner City Struggle * Nonprofit Finance Fund * Parent Engagement Academy * Proyecto Pastoral * The Advancement Project * UNITE-LA * Los Angeles Unified School District * The Education Trust * University of Southern California * Brotherhood Crusade * SoCal CAN * Social Justice Learning Institute |
13 | $1,450,000 |
| Health | ||
| * California Hospital Medical Center Foundation * Koreatown Youth & Community Center, Inc. * UCLA Foundation |
3 | $901,520 |
| Housing | ||
| * A Community of Friends * Abode Communities * ACCE Institute * LA Community Action Network * City of Los Angeles * Clifford Beers Housing, Inc. * East LA Community Corporation * Golden State Opportunity Foundation * Hollywood Community Housing Corporation * L.A. Family Housing * LA Voice * LINC Housing Corporation * Little Tokyo Service Center * Mercy Housing California * PATH Ventures * University of Southern California * Venice Community Housing Corporation |
18 | $1,335,000 |
| Immigration | ||
| * ACLU Foundation of Southern California * African Communities Public Health Coalition * Black Alliance for Just Immigration * California Bar Foundation * COFEM * Council on American-Islamic Relations California * La Opinión * Migration Policy Institute * Pomona Economic Opportunity Center * Regents of the University of California Davis * Regents of the University of California Los Angeles |
12 | $1,090,000 |
| Nonprofit Sustainability | ||
| * Nonprofit Finance Fund | 1 | $473,500 |
| Grand Total | 54 | $5,750,020 |
The California Community Foundation has served as a public, charitable organization since 1915, empowering donors to pursue their own personal passions and to collaborate with us in addressing the root causes of challenges in Los Angeles County. CCF stewards $1.7 billion in assets and manages 1,700 charitable foundations, funds and legacies. For more information, please visit www.calfund.org.
CONTACT
Roshin Mathew
rmathew@www.calfund.org
(213) 452-6229
By Trisha Riggs, Urban Land Institute Blog
By Lauren Gustus, The Sacramento Bee
Our vision for the future is a Los Angeles where increased opportunity creates shared prosperity. Where dedication, creativity and determination allow individuals and communities to overcome poverty and make their American dreams come true. CCF’s economic opportunity program seeks to support low-income entrepreneurs, small businesses, social enterprises, and nonprofits as they build wealth, create jobs, and revitalize neighborhoods.
Every night, more than 60,000 Angelenos go to sleep homeless. They are families evicted due to job loss, veterans suffering from trauma, former foster youth, mothers and fathers, daughters and sons. The Home L.A. Fund seeks to combat homelessness by tripling the annual production of affordable supportive housing units that provide needed services to the homeless in Los Angeles.
By Karim Webb and John Harriel, Los Angeles Wave
By Karen Kahn, Nonprofit Quarterly