Surdna Foundation Celebrates Centennial Year with $4.5 Million Commitment to Equitable Community Development

Wednesday, December 6, 2017

Surdna Foundation Celebrates Centennial Year with $4.5 Million Commitment to Equitable Community Development

The Surdna Foundation announced a new, $4.5 million investment in equitable community development led by community members. Surdna's catalytic contribution to the Amplify Fund will seed a multimillion-dollar pooled fund to put neighborhood development in the hands of the residents of those communities.  

The Fund, an initiative of the Neighborhood Funders Group (NFG), is focused on bolstering the ongoing efforts of residents in historically marginalized communities (low-wealth communities and communities of color) to make decisions about the policies, developments and public investments that impact their lives.

"As we celebrate Surdna's centennial year, we're renewing our commitment to our mission through smart and inclusive community and economic development," said Phillip Henderson, president of the Surdna Foundation. "The Amplify Fund is a tremendous way to honor the work of the past 100 years while looking toward building and strengthening the field of community-engaged development to create sustainable communities for the future."

To seed the pooled fund, Surdna is partnering with the Ford Foundation and the Open Society Foundations. The collaborative effort will help scale and advance the practice of community-engaged development, and formalize a set of best practices to disseminate in the field. Funders in California, organized initially by the California Endowment, have developed a sister fund called Fund for an Inclusive California, that will support work aligned with The Amplify Fund in the state of California.

The Fund will invest in up to 10 cities over the next five years, focusing on supporting citywide and regional coalitions, networks and campaigns led by members of low-wealth communities and communities of color which are engaging, advocating and organizing for equitable development. In addition to financial support, the Fund will offer communication, evaluation and technical support to grantee organizations. The Fund aims to generate a collaborative network that connects local, regional and national efforts to share strategies, best practices and knowledge to ensure a lasting, widespread practice of democratized development...

 
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