Stories
MacKenzie Scott Donates $65 Million to LISC
MacKenzie Scott, the prolific philanthropist, announced that she is donating $65 million to LISC, the largest contribution in our organization’s 45-year history. This is Scott’s second grant to LISC, which builds on a $40 million gift in 2020 that was used to seed programs that narrow gaps in health, wealth and opportunity, particularly for communi [...]
Dallas Housing Opportunity Fund Reaches $41.5 Million
With new investments from BOK Financial, Charles Schwab Bank, and KeyBank, the Dallas Housing Opportunity Fund will expand its support for quality affordable housing across the city. In partnership with the City of Dallas, LISC Fund Management and TREC Community Investors, the fund has already supported nearly 500 units of affordable housing.
NFL Foundation – LISC Grassroots Field Grant Program Funds 15 New and Refurbished Community Football Fields
Over the last 25 years, LISC has teamed up with the NFL Foundation to award nearly $65 million in grants to create or refurbish more than 435 community football fields where youth can play and stay active. The latest round of the Grassroots Field Grant Program will fund new fields or field enhancements in 15 cities and towns across the U.S.
Mass Timber Housing Brings Sustainable and Affordable Hope to a New Haven, CT Community
Beulah Land Development Corp. is working in partnership with New York-based construction company Spiritos Properties, and housing nonprofit HELP Development Corp., to develop vacant lots at 340 Dixwell Ave. into a 69-unit mixed-use project. The $28 million project was partly financed by the National Equity Fund (NEF)—a LISC affiliate focused on LIHTC and other housing investments. 340 Dixwell is the first Low-Income Housing Tax Credit (LIHTC) project on the East Coast utilizing mass timber, an eco-friendly alternative to steel and concrete, and will include 55 affordable units for low-income households earning 60 percent or less of the area median income, and an additional 20 units for people experiencing homelessness.
Bloomberg Spotlights MacKenzie Scott’s $65 Million Donation to LISC
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 Bloomberg, “the ability to have unrestricted giving like this frankly allows us to unlock and tap into the American Dream for everyday Americans across our country.”
Vision Quest: This Can-Do Indianapolis Company Is Growing its Business—and a Healthier, More Diverse Supply Chain
Quest Safety Products, a small, minority-owned distributor and maker of personal protective equipment and other safety products, has a 27-year track record of meeting customer needs. Now growth capital from the Abbott-LISC Initiative to Support Diverse Businesses in Health is helping CEO Sam Yadav realize an expansion, boosting resiliency in a supply chain that’s vital to us all.
Lowe’s Launches $2.5 Million Western North Carolina Small Business Recovery Fund
LISC is teaming up with Lowe’s to help small businesses in Western North Carolina recover from the impacts of Hurricane Helene. We will make $20,000 grants to 100 small businesses to address urgent needs and jumpstart recovery. Small businesses in disaster-declared communities may apply for grants from Nov. 18 to Nov. 22.