SCH joins eleven nonprofits that were competitively selected in two cities—Chicago and Baltimore—to participate in the initial phase of Racial Wealth Divide Initiative. As one of five high impact nonprofits of color in Chicago, Spanish Coalition for Housing is a strategic partner in the Racial Wealth Divide Initiative (RWDI) launched by Corporation for Enterprise Development (CFED), a D.C. based national nonprofit working to strengthen the ability of programs to proactively address racial wealth inequality and deepen analysis of asset poverty challenges impacting communities of color across the United States. CFED’s Racial Wealth Divide Initiative is joining with JPMorgan Chase & Co. and the Center for Public and Nonprofit Leadership at Georgetown University’s McCourt School of Public Policy to announce the launch of the second phase (Chicago and Baltimore) of the Building High Impact Nonprofits of Color project, which will help strengthen the capacity of local nonprofits to expand economic opportunity in Chicago and across the country. CFED releases a new report that takes a deeper look at the wealth divide in Chicago. Click here to read: Racial Wealth Divide in Chicago.
“CFED’s deep commitment to addressing racial wealth inequality is demonstrated by the quality of its work in this area. Progress requires a strong infrastructure of local, trusted nonprofit leaders of color who have the resources to take on this difficult issue. It is a privilege to support both CFED and this cohort of incredible organizations,” said Naomi Camper, head of JPMorgan Chase’s Office of Nonprofit Engagement.
“We are excited to be a part of this important initiative to help shape the conversation and heighten the awareness of economic challenges faced by communities we serve while building our local capacity and national partnerships to better serve our communities,“ said Gabriela Roman, Executive Director, Spanish Coalition for Housing.