News & 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 communities …
LISC Awarded $65M in New Markets Tax Credits
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 …
How a Philadelphia Non-Profit is Helping to Preserve Affordable Housing
TD Bank spotlighted LISC Philadelphia and its Non-Profit Preservation Initiative, which is supporting non-profit building owners to preserve and protect publicly assisted affordable rental housing in Philadelphia. Last year, the TD Social Impact Investment Council announced its contribution of $2.5 million over two years for the initiative to assist LISC's work.