April 8, 2020         
Statement From Bob Johnson On The Passing Of Earl Graves, Sr., Founder of Black Enterprise   •   MedicalMaskSuperstore.com Goes Live with its Official Launch Specializing in Consumer Provisioning of Medical Masks, Personal Pr   •   Americares, Direct Relief, and World Central Kitchen, Along With Bright Horizons, Join #FirstRespondersFirst As Implementing Par   •   MicroBilt Creates Solution for SMB Lenders to Automate & Verify PPP Application Data   •   Comcast Makes More Than Two Dozen More Entertainment Networks and Subscription Video Services Available for Free   •   Veteran Husband-Wife Team Brings 30 Years of Service to New Fresh Coat Painters Company in San Antonio   •   COVID-19 & Extreme Poverty, a Christian-Based Resource   •   Tzu Chi USA is Donating Over 3.1 Million Masks in Response to US' COVID-19 Pandemic   •   Baker McKenzie Hires Pre-Eminent Cross-Border Restructuring Team Led by Chair of the American College of Bankruptcy, Mark Bloom   •   Nuria Beauty Announces 100% of April Revenue to Be Donated to Save the Children's COVID-19 Response   •   U.S. Transportation Safety Agency to States: Enact Lifesaving Law to Permit Stop-Arm Cameras on School Buses to Issue Citations   •   Comcast Makes More Than Two Dozen More Entertainment Networks and Subscription Video Services Available for Free   •   Igloo and Guy Fieri Team Up to Introduce a Playmate Cooler Supporting Restaurant Relief America   •   Governor Polis and CDHS Launch National Child Abuse Prevention Month, Focus on Building Parental Resilience   •   Hologic to Announce Financial Results for the Second Quarter of Fiscal 2020 on Wednesday, April 29, 2020   •   Home Deliveries Skyrocket: SecurityNerd.com Provides Tips to Avoid Package Theft   •   Children's Hospital of Philadelphia Physician-in-Chief Wins Leadership Award   •   Diversity Stars Pivots During COVID19 and Announces their 2020 TOP50 Diversity Stars   •   OneLegacy Prepares to Continue Serving Organ, Eye and Tissue Donation as Coronavirus Outbreak April Peak Approaches   •   OpticsPlanet, Inc. 'Operation Gift' Campaign Donates Over $67,000 Toward Veteran Recovery Programs at Ranger Road
Bookmark and Share

Living Cities Board Commits To Fund Racial Equity Centered Mission

Living Cities Board Commits To Fund Racial Equity Centered Mission

PR Newswire

NEW YORK and WASHINGTON, Feb. 27, 2020 /PRNewswire/ -- Eighteen of the world's largest foundations and financial institutions have re-committed to work together for another three years within Living Cities, a long-standing collaborative. This marks the tenth time that these institutions have committed to harness their collective resources to support local communities. Unlike previous commitments, today they are explicitly putting racial disparities at the center of the collaborative and seeking to use their grants, loans and influence to close the racial income and wealth gaps in American cities.

"Overall trends are worsening and nothing validates this more than the growing racial wealth gap," said Brandee McHale, Incoming Global Director of Community Investment and Development at Citi and Living Cities Board Chair. "While Living Cities can point to work in specific places, the most critical role it plays is changing the way we approach the work in our individual institutions so we can more effectively serve as change agents and shift the status quo in philanthropy."

Over the past six years, Living Cities has been on a journey to infuse racial equity across its portfolio because it realized its race neutral approach was contributing to growing racial gaps. "Living Cities' early work set the stage for what has become a defining organizational commitment to close equity gaps, expose the root causes of disparate outcomes for communities, and sit fully in its mission to embrace and implement real change," said Maria Torres-Springer, Vice President for US Programs at the Ford Foundation, a member institution. "Its leadership... ensure[s] Living Cities can enter the next 30 years of its work positioned to tackle the racial income gaps in our country in ways that go beyond short term fixes." 

Living Cities brings together philanthropy with the financial sector as board members to shape Living Cities' work and take collective action. "No foundation leader, no matter how gifted, and no bank leader, no matter how courageous, can take this on [alone] and win more than a few headlines. Together we have the potential to educate, inform and invest in the social change for which our democracy and economy cries out," said Joe Scantlebury, Vice President for Program Strategy at the W.K. Kellogg Foundation, another Living Cities member. 

This collaborative approach also influences the member institutions: "The work of Living Cities fuels both my and Prudential's purpose to create equity and reinforces our commitment to the effort," said Lata Reddy, Senior Vice President at Prudential Financial, Inc., Chair at the Prudential Foundation and Living Cities Vice Board Chair. "My life's work has centered around leveling the playing field and Living Cities embodies those same values." 

Through their involvement with Living Cities, these large institutions identify their responsibility in unpacking and dismantling structural inequities and racism.  Living Cities will work with its members to break silos within city governments across the country, reckon with the root causes of the inequities,  share best practices for dismantling structural barriers through policy change, and create greater access to capital for more entrepreneurial opportunities for people of color. To learn more from Living Cities' President and CEO, Ben Hecht, about what this commitment to center racial equity has meant, click here.

"A country without racial wealth and income gaps may seem like a dream," said Board Member Don Chen, President of Surdna Foundation. "But it's actually a choice between an economic system that optimizes prosperity for a powerful few and one that ensures that the fruits of the world's biggest economy are more broadly shared with workers and their families. It's a choice between tolerating current racial disparities and taking action to make racial equity a goal in efforts to reshape the U.S. economy and its social compact. It's the choice between deepening despair and a hopeful future."

About Living Cities

Living Cities harnesses the collective power of 18 of the world's largest foundations and financial institutions to close racial wealth and income gaps in American cities. Our staff, investments, convenings and networks support efforts that operationalize racial equity and inclusion in local government, create inclusive narratives, bring communities together to devise and act on a shared vision for the future, and eliminate inequities in systems such as entrepreneurship, homeownership and access to capital.

Contact: Jeff Raderstrong

Tel.: (646) 442-3236

Email: jraderstrong@livingcities.org

Cision View original content:http://www.prnewswire.com/news-releases/living-cities-board-commits-to-fund-racial-equity-centered-mission-301011897.html

SOURCE Living Cities

Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News