The Local Initiatives Support Corp. (LISC) doesn’t get a lot of media attention, but each year it pours a great deal of money into neighborhoods it has targeted for revitalization and education projects.
This funder puts priority on affordable housing/education efforts and its local offices oversee and make grant awards.
The overall goal is to help nonprofits become strong and stable neighborhood institutions characterized by effective and responsible fiscal management and capable of carrying out a range of community revitalization activities. Organizational grants go to assist local nonprofits in improving administrative structures, management and financial systems and real estate development and management capacities.
Planning grants cover costs associated with the creation of new programs that are important to a nonprofit’s overall mission and needs of the community’s residents. Project grants help cover costs associated with real estate development that further neighborhood revitalization goals.
LISC’s network of local offices provides on-the-ground assistance to schools and their surrounding communities by financing individual school facilities through the Educational Facilities Financing Center.
LISC also has launched an initiative to support its Local Program Offices with national expertise in developing high-quality education programs to impact learning more directly in its Sustainable Communities sites. In addition to the existing education work at the local level, Education Initiatives will initially assist local program offices to develop out-of-school time (OST) programs in collaboration with community groups, schools and national OST providers.
Contact: Reena Bhatia, vice president, Educational Programs, 212/455-9800, email@example.com