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.”

A Minneapolis Post columnist takes an in-depth look LISC Twin Cities’ Development of Color initiative, which has cultivated a cohort of visionary BIPOC developers committed to making a difference in their communities. The program helps equip them with the tools and resources needed to tackle barriers in their markets, including bridging gaps in accessing equity financing, “a key to broadening who works in real estate,” writes the author. “For these developers of color, there’s the equity gap, and then there’s the equity gap. This program is aimed at solving both of those problems.” The excerpt below was originally published on MinnPost: Twin Cities org gives tools, support to developers of color​​​​​​​ By Bill Lindeke