Citi Foundation Awards $20 Million to Accelerate Economic Opportunity

Citi Foundation Awards $20 Million to Accelerate Economic Opportunity

The Citi Foundation has announced grants totaling $20 million to forty nonprofit organizations working to address urban challenges in six cities.

Awarded through the foundation's Community Progress Makers Fund, which was launched last fall, the grants will be used to establish new approaches to creating economic opportunity for low-income households and neighborhoods in Chicago, Los Angeles, Miami, New York City, the Bay Area, and Washington, D.C. Each organization will receive $500,000 in core operating support, access to technical assistance from leading national researchers and experts, and opportunities to connect and share best practices with other grantees.

"There is no substitute for partners that are deeply rooted in the communities we support who can use their local knowledge and networks to help us enable progress," said Citi Foundation president Brandee McHale. "These organizations were selected because they combine fresh ideas and approaches with a first-hand understanding of their communities' challenges and resources. We think that is the key to getting things done."

For a complete list of recipients, see the Citi Foundation website.