New $22M Philanthropic Initiative Launches to Propel the Community Ownership ...

credit:

Facebook founder Mark Zuckerberg is putting his money where his mouth is, with a $22 million initiative to support community ownership of real estate.

The Community Ownership for Community Power (COCP) Fund, announced Tuesday, aims to support community land trusts, housing cooperatives, and other models of community ownership in California, "not speculative developers or other public and private institutions who often fail to engage community leadership," per a press release.

"The launch of the COCP Fund is an important step toward building a robust ecosystem of community ownership groups and demonstrating the potential of community ownership to address rampant displacement of historically low-income communities and Black, Indigenous, immigrant, and communities of color and the catalytic role philanthropy can play in this work," says a program strategist at Common Counsel Foundation, which is managing the fund.

The COCP Fund has already received $10 million from a host of foundations, including the California Endowment, Chan Zuckerberg Initiative, James Irvine Foundation, Great Communities Collaborative at the San Francisco Foundation, and the Weingart Foundation, and it plans to raise $12 million more.

"By coming together to provide catalytic funding for organizations across the state, we can help bolster existing efforts and substantial new investment from the public and private sectors," says Rajib Guha, director of program development at

Read the Entire Article

Explore the
Community Vital Signs
for the
San Francisco Foundation

Hcpss Awarded State Grant to Establish New Early Learning Hub at Stevens Forest Es

Parents in Howard County, Maryland, will soon be able to take advantage of a new program that's designed to help kids from low-income families get off to a good start in school, the Washington Post...more

The Association of Fundraising Professionals Taps Driwaterstone Human Capital to Find ...

If you have a master's degree or equivalent experience in non-profit management, philanthropy, or a related field, and "strong financial acumen, with experience in budgeting, financial management,...more

Create a Multigenerational Donor Base to Capitalize on the Historic Wealth Transfer

If you're in the market for a new donor,Gabriella McKanna at NonProfitPRO.com has some advice: Don't wait until you're in your 70s. "By having this discussion early, you help them engage their...more

Vivalink Launches No-Cost Hospital-At-Home Starter Program for Nonprofits

It's no secret that more and more Americans are turning to home health care, and a new company is hoping to change that.Vivanlink is launching a no-cost program for nonprofits that provides home...more

Fort Worth Considers Handing Management of Nature Center to Garden Nonprofit

The Fort Worth Nature Center and Refuge may soon be in the hands of a not-for-profit. The nonprofit Botanical Research Institute of Texas, or BRIT, has managed the Fort Worth Botanic Garden since...more

Aidan Tansey: Shaping a Future in Conservation through the Voinovich School

When Aidan Tansey started working at the Cincinnati Zoo and Botanical Garden as an administrative coordinator for the animal department, he didn't set out to become an animal behaviorist. But...more

Transforming Vision into Reality through Philanthropy Drives Chief Advancement Officer Julia Jordan

When it comes to fundraising, Julia Jordan is no stranger. The new chief advancement officer for UC Law San Francisco was previously in charge of fundraising for the Bay Area Discovery Museum and...more

Cathy Vander Wal-Rounds Honored by Sdsu Foundation with Lohr Award for Volunteer Leadership

Jerry Lohr, one of South Dakota State University's largest benefactors and a member of the SDSU Foundation board since 1988, announced this year's recipient of the foundation's Lohr Award for...more

Kba Empowers the Next Generation of Philanthropists

When Naomi and Barry Schimmer saw how their 11-year-old grandson, Mason, was doing through the B'nai Tzedek Student Philanthropy Program in Ohio, they decided to bring the program to New Jersey's...more

Oct. 15, 2024: Elevating Latino Leadership; Rethinking Philanthropic Giving

Colorado's Department of Natural Resources is asking for the public's help in finding a missing 13-year-old boy who went missing from his family's vacation home in Estes Park on Friday. The...more