| $60,000 to Benefit Latino Students |
| Written by Maryanne Euthalia |
| Thursday, 23 July 2009 13:14 |
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Celebrating its 10th anniversary, RDF chose to give back to the community with grants to these organizations who serve low-income families and individuals providing basic needs services like food pantries and free primary health care. Awardees, receiving $5,000 grants and who are all part of the NCLR's Affiliate Network are:• Association House of Chicago and Eire Neighborhood House, Chicago "I can't think of a more meaningful way to celebrate our anniversary than to support education and give back to our community by supporting organizations that are directly helping to ease the burdens of the economic crisis for those most in need " said RDF President and CEO Tom Espinoza." Joining the Community Thank You Reception will be executives from State Farm Insurance Company®, a founding member of RDF. "We are proud to join RDF in giving back to communities across the nation," says Lori Manning, director in the Community Relations Division at State Farm. Chicago Students, Schools Honored In addition, two local Charter School operators ASPIRA Inc. and Noble Network of Charter Schools will also receive $5,000 each to further their work in educating children in low-income communities. "Over the last 10 years, RDF has become the nation's largest Latino community development financial institution, funding hundreds of projects nationally, these awards allows us to further support the organizations that bear the brunt of today's economic calamities" added Raul Yzaguirre, Chairman of the Board of Directors for RDF. Considering today's difficult economic times, RDF is helping to lead the way in community re-investment programs and maintain the focus on providing access to education, healthcare and affordable housing for low-income families and individuals. Raza Development Fund, Inc (RDF) - is a 501C3 nonprofit corporation and a registered Community Development Financial Institution (CDFI) under the Department of the Treasury. Ranked among the top 5% of all CDFIs in the US on annual production and capitalization, and with total assets in excess of $100 million, RDF provides capital, technical assistance and training to community organizations that create greater opportunities to low-income families and individuals. Over its ten year history, it has provided more than 125 Latino serving organizations with over $135 million in loans, leveraging $681 million in private capital to fund projects in the areas of affordable housing, education and health care. Headquartered in Phoenix, AZ, RDF is a also a 509(a) 3 support corporation of the National Council of la Raza (NCLR).Add this page to your favorite Social Bookmarking websites |
