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

credit: Wikia

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

A Look Back At How the Lewis Prize For Music Empowered Young People

A Look Back at How the Lewis Prize for Music Empowered Young People.The five-year, $20 million initiative committed to driving equitable systems change.The prize granted $2 million to 32 creative...more

Western Researcher Earns Posthumous Recognition on Mayor's Honour List

Mayor Josh Morgan's 2025 New Year's honour list.Western graduates Clark Bryan and Maureen Spencer Golovchenko are also among the 2025 honourees.Crooks was the founding director of Western's Centre...more

Mayor Adams Appoints Michael Sedillo As Executive Director of Mayor's Office of Nonprofit Services

Mayor Adams Appoints Michael Sedillo as Executive Director of Mayor's Office of Nonprofit Services.Sedillo will oversee the office's efforts across city government to develop and promote a culture of...more

How the Lewis Prize For Music Empowered Young People

A Look Back at How the Lewis Prize for Music Empowered Young People.The five-year, $20 million initiative committed to driving equitable systems change.The prize granted $2 million to 32 creative...more

El Dorado Community Foundation
Foundation: El Dorado Community Foundation

El Dorado Community Foundation houses more than 300 unique programs.El Dorado County is home to more than 100,000 residents.The foundation's goal is to strengthen the county for future...more

Selfless Leaders Take A Bow At National Philanthropy Day Awards

The 19th annual National Philanthropy Day Awards celebration was held at the United Against Poverty UP Center, a former citrus packing facility.A group of honored leaders were acknowledged for their...more

James Ume: A Study in Philanthropy

Chief Chijioke James Ume was born in Atan Abam in Arochukwu Local Government Area, in present-day Abia State.Under his Unubiko Foundation, he has offered scholarships to countless students in...more

D-Backs Go to Bat For Less-Fortunate Kids

A New Leaf operates 40 programs across the Valley, addressing homelessness and domestic violence.The Mesa-based organization serves about 3,000 people, many of them children.A New Leaf recently...more

Dallas Historical Society Honors All Walks of Life

Foundation was named benefactor of the year for its work in education and preservation of history, specifically Texas history.New Friends New Life provides case management, counseling, economic...more

'Sound of Music' Opens Aop's Season; 'Oz' in the Summer

Arts One Presents was born out of the legacy of Springdale's Arts Center of the Ozarks.The organization lends props and costumes to assist community and school productions.It curates art...more