The Local Initiatives Support Corporation has announced that president and CEO Maurice A. Jones will be stepping down in March.
Jones joined the organization in 2016 and oversaw a period of growth and expansion that included more than $2 billion in community investments in 2020. In addition to COVID-19 relief and recovery efforts, he helped strengthen the organization's commitment to racial equity with the launch of Project 10X, a $1 billion initiative focused on bridging racial gaps in health, wealth, and opportunity.
Jones is leaving LISC to take the helm at OneTen, a venture launched in December by thirty-seven corporations working to hire and advance a million Black Americans without four-year college degrees over the next ten years and help them secure family-sustaining careers. He will continue to serve on the LISC board of directors.
"During Maurice's tenure, LISC has achieved remarkable results, including expanding LISC's geographic footprint as well as its programmatic impact," said LISC board chair and former U.S. treasury secretary Robert E. Rubin. "After years of significant growth, LISC is well-positioned for the future, with strong leadership and staff, a solid financial position, and deep local relationships that help us support progress for the communities we serve....We will continue to pursue our ambitious agenda related to affordable housing, economic development, health, and jobs, with a clear focus on addressing socio-economic and racial disparities, as we begin the search for our new leader."