Stories
New Study Tracks Significant Growth in Tax-Exempt Bond Financing for Charter Schools
LISC’s charter school finance team analyzed the full range of charter school bond issuance from 2015-2022, building on three prior reports that catalogued the history of the sector. “With public charter schools now educating more than 3.7 million students nationwide, and against the backdrop of unprecedented learning loss stemming from the pandemic, preserving dollars to invest in core academic programs is of heightened importance,” the report states.
Uber, Visa and LISC Provide $1 Million in Grants & Resources to Support Small Businesses
LISC is a partner in Grants for Growth, a $1 million program of Uber and Visa that provided $10,000 grants to 100 restaurants in 10 cities nationwide. LISC administered the grant program, which brings relief to restaurants when they need it most, particularly as they continue to recover from the pandemic. Among the grant recipients, 92% are entrepreneurs of color, 69% are female-owned businesses, and 88% are located in low or moderate-income areas.
CDFI Fund Awards LISC $1.8M Rapid Response Program Grant
The Treasury Department’s CDFI Fund has awarded $1.25 billion in Rapid Response Program grants to support CDFIs in their efforts to provide COVID-19 economic relief—including $1.8 million to advance LISC’s work.
LISC, Uber, PayPal and Walgreens Introduce Vaccine Access Fund
LISC, PayPal, Uber and Walgreens have announced the launch of their new Vaccine Access Fund, which allows customers to donate to vaccine access efforts to help connect people without transportation to COVID-19 vaccination sites, particularly those in underserved communities. Customers can donate to the Vaccine Access Fund directly through the Uber app using a new donate feature supported by PayPal Giving Fund.
LISC Posts Record $2B in Community Investments for 2020
LISC announced that it made more than $2 billion in community investments during 2020—a new record for the 41-year-old national nonprofit that was driven in part by programs related to COVID-19 relief and racial justice.
For Six Years Running, LISC is Recognized as an ImpactAssets 50
LISC has been named one of the ImpactAssets 50, a who’s-who of fund managers dedicated to creating positive social and environmental impact. LISC is one of seven community development financial institutions (CDFIs) that were selected for this year’s IA 50, reflecting the critical role CDFIs have played during the COVID-19 pandemic.