Bank of America Charitable Foundation distributed nearly $1 million in community giving to 24 nonprofits focused on ensuring individuals and families in metropolitan Detroit have access to basic needs and services.
A new report details how an incubator created by the Filene Research Institute, with funding from Ford Foundation, generated $100 million in loans and nearly $1 million in savings for previously underbanked families.
Saying it made a major mistake by overlooking the needs of people with disabilities in revamping its programs to focus on inequality, the Ford Foundation pledge Monday to undertake a top-to-bottom review of its policies and practices on the issue.
More young blacks and Hispanics feel that they can't depend on family to help them with financial needs, from big-ticket items like college tuition to smaller expenses, than do whites or Asians, according to a new GenForward poll.
Opportunity Finance Network, Goldman Sachs, and the Surdna Foundation will award four CDFIs, including Accion and CSBDF, with the 2016 Small Business Leader Award for Mission-Driven Lenders.