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• President Obama's FY 2010 Budget: A New Era of Responsibility - Doubles Funding for CDFI Fund

  March 02, 2009

  Lisa Hagerman, Monday, March 2nd, 2009

  President Obama unveiled his FY2010 budget outline that requests a doubling of the CDFI Fund allocation expected to be at over $200 million making it the highest appropriation level in the CDFI Fund history. CDFI Fund Director Donna Gambrell comments:

  "I am very pleased to know that President Obama views the CDFI Fund and the programs we administer as a key part of his strategy to address the economic challenges facing our nation’s low-income urban, rural and Native communities," said CDFI Fund Director Donna Gambrell. "With the additional funding made available through the Recovery Act, and the potential for doubling our appropriations through the fiscal year 2010 budget, I know that Community Development Financial Institutions and Community Development Entities will be responsible and active partners in President Obama’s efforts to restore opportunity and prosperity across this great country."

  Learn more through the CDFI Coalition, that advocates on behalf of the CDFI industry and educates the public about community development finance, and at CDFI Coalition E-news: CDFIs Making an Impact! (2/26/09).
   

   

  posted 12:50PM 03/02/2009 by Lisa Hagerman
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• Investing with Impact: foundations in Southern California explore mission investing strategies

  February 19, 2009

  Lisa Hagerman, Thursday, February 19th, 2009

  A workshop on mission investing was held in the Los Angeles office of the Federal Reserve Bank of San Francisco. The event was a collaborative effort, sponsored by Wall Street Without Walls, the Milken Institute, the Federal Reserve Bank of San Francisco, Bay Area Council, Southern California Grantmakers, Association of Small Foundations, Rockefeller Philanthropy Advisors, AltruShare Securities, and Impact Community Capital!

  The event brought together foundations from Southern California interested in mission investing—with the discussion on both below-market investments and market-rate investments across the asset classes of fixed income, private equity (venture capital), and equity real estate. The luncheon discussion included presentations from Leadership Committee member, Kate Starr of the F.B. Heron Foundation along with another institutional investor (public pension fund) and proponent of targeted investing—Sean Harrigan of the Los Angeles Fire & Police Commission. The virtues of mission investing were highlighted throughout the day emphasizing the importance of mission investing as an overall investment strategy for foundations. Presentations are available on the Wall Street Without Walls website.
   

  posted 8:05PM 02/19/2009 by Lisa Hagerman
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