Detroit Community Loan Fund
The Detroit Community Loan Fund (DCLF) helps fill the financing gap for business owners who have difficulty obtaining any or all of their necessary capital needs from traditional financing sources. Created by Detroit Renaissance and the Detroit Investment Fund, DDF manages the DCLF loan pool to finance small businesses in Detroit that demonstrate growth potential. We understand that it takes adequate capital to grow a successful business.
We strive to be the One Bank people most value and trust. Whether it’s buying a home, starting a business or understanding how to pay for college, people of all ages, incomes and backgrounds count on us to help improve their lives.
Today, we are delivering on this responsibility more than ever before through a $30 billion Community Commitment. This set of targeted goals and specific actions was developed by 145 organizations affiliated with the National Community Reinvestment Coalition (NCRC). These local experts helped identify the areas of greatest need for lending, investments and service. Through their guidance, our promise became the largest community commitment made by a single bank in recent history. Learn more here.
We believe all people should have the opportunity to reach their full potential, contribute to society, and have voice in the decisions that affect them. We believe the best way to achieve these goals is to encourage initiatives by those living and working closest to where problems are located; to promote collaboration among the nonprofit, government and business sectors; and to ensure participation by men and women from diverse communities and all levels of society. In our experience, such activities help build common understanding, enhance excellence, enable people to improve their lives and reinforce their commitment to society. We work mainly by making grants or loans that build knowledge and strengthen organizations and networks. Since our financial resources are modest compared with societal needs, we focus on key problem areas and program strategies. Created with gifts and bequests by Edsel and Henry Ford, the foundation is an independent, nonprofit, nongovernmental organization, with its own board, and is entirely separate from the Ford Motor Company. The trustees of the foundation set policy and delegate authority to the president and senior staff for the foundation’s grant making and operations. Program officers in the United States, Africa, the Middle East, Asia and Latin America explore opportunities to pursue the foundation’s goals, formulate strategies and recommend proposals for funding. More information here.
Goldman Sachs 10,000 Small Businesses is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education, capital and business support services. To date, the program has served over 6,100 small business owners across all 50 states, and has resulted in immediate and sustained business growth for the alumni of the program. Read more…
Michigan is the nation’s “comeback kid” and Huntington is proud to be a part of its recovery. We have worked diligently to fuel economic recovery through innovative business lending programs that earned Huntington the distinction of being the #1 SBA lender in the state.?We’re paving the way to a better, stronger future in the state by reaching out to lower income families and to the next generation of business owners. We’re proud to be a partner in Michigan’s comeback. Read more…
Knight Foundation supports transformational ideas that promote quality journalism, advance media innovation, engage communities and foster the arts. We believe that democracy thrives when people and communities are informed and engaged.?More information here.
At JPMorgan Chase, we believe we have a fundamental responsibility to help our clients and our communities navigate a complex global economy and address their economic and social challenges. We use our strength, global reach, expertise, relationships, and access to capital to make a positive impact in cities around the world.
In 2015, the firm and its Foundation gave more than $200 million to thousands of nonprofit organizations across 47 U.S. states, the District of Columbia, and 43 countries. More than 47,000 employees provided 310,000 hours of volunteer service in local communities around the globe.
JPMorgan Chase works with community partners to create pathways to opportunity by supporting workforce development, financial capability, small business development and community development in the regions where we do business. More information here.
The New Economy Initiative for Southeast Michigan (NEI) was launched in 2008 as a unique philanthropic initiative aimed at helping to restore southeast Michigan to a position of leadership in the new global economy. NEI is committed to increasing prosperity and expanding opportunity for all residents and communities in the region. Ten national and local foundations have committed $100 million to this eight-year initiative to accelerate the transition of metro Detroit to an innovation-based economy.?More information here.
TO PROMOTE HUMAN PROGRESS. WE ADVANCE OUR MISSION BY:
Creating access and opportunity in underserved communities
- Improving the health of low-income people
- Supporting artistic expression
- Increasing college achievement
- Assisting in the revitalization of Detroit, and
- Advancing methods for addressing global climate change.
The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal pioneer Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life. Read more…