An article in Bloomberg highlights MacKenzie Scott’s recent unrestricted grant-making to nonprofits, including a $65 million gift to LISC. Unrestricted gifts like this, in addition to Scott’s 2020 donation of $40 million, allow LISC to intensify and build upon its work with a more flexible and innovative approach. As our CEO Michael Pugh noted to …

The CDFI Fund announced New Markets Tax Credit (NMTC) awards to 104 organizations today, including a $65 million allocation for LISC, the largest amount allocated to recipient groups. It brings LISC’s total NMTC awards to nearly $1.3 billion, which we have leveraged to fuel the development of retail, manufacturing, health care, childcare, and education facilities …

By Bill Taft, Senior Vice President for Economic Development

In a new commentary for Shelterforce, LISC’s Bill Taft talks about the enormous value of small, community-focused development organizations to the people and places they serve—urging funders and investors to prioritize their well-being as part of larger strategies for place-based impact.