Here’s how the Local Initiatives Support Coalition is helping communities get resources, opportunities
The Local Initiatives Support Coalition is a non-profit aimed at helping local communities get the resources and opportunities they need. It allocates money to local groups that provide emergency aid, wealth-building and career development resources to underprivileged minority communities. Roughly 15% of the charitable funds went to grant and loan programs supporting minority-owned small businesses. Another portion of LISC’s funds went to the San Diego housing commission, a housing authority for San Diego, California, whose residents are in the section 8 federal housing voucher program. The money LISC received from corporate America this year has helped many people avoid financial ruin, but a lot more will have to happen if companies want to close America’s racial wealth gap.