KeyBank Community Development Lending and Investment (CDLI) provided $16.6 million in low income housing tax credit equity (state and federal), a $21.3 million construction loan and $6.3 million taxable equity bridge for the construction of Silos Apartments.
America’s Charities can help your company design and implement a program centered on supporting nonprofits through workplace giving campaigns, employee fundraising, cause-focused signature programs, volunteerism, donation drives, matching gifts, Dollars-for-Doers, In-Kind Giving and other employee engagement and philanthropic initiatives.
Christian Appalachian Project (CAP) is a nonprofit, interdenominational organization in Appalachia committed to serving people in need through self-help human service programs. They are creating a community of care through a network of programs and services.
Much of the work accomplished by CAP is made possible by the generosity, support, and service of community and corporate partners like Louisville-based Texas Roadhouse. A valued corporate partner for the past seven years, Texas Roadhouse enjoys giving back and working in the community, and has sent volunteer teams annually to complete an array of projects.
CAP and the local Texas Roadhouse leadership realized they share the same passion for making an impact in the lives of children and their families in Appalachia.
Those living in poverty in Eastern Kentucky, and Central Appalachia generally, deal with chronic and serious challenges. Much progress has been made in tackling poverty in Appalachia over the past 50 years, but pockets of severe rural poverty remain, particularly in Eastern Kentucky. While the average poverty rate in the 54 counties of Appalachian Kentucky fell from 60% in 1960 to 26% in 2010, rates are still high compared to the national average of 16%. Rates exceed 30% in more than a dozen counties, including those served by Christian Appalachian Project’s (CAP) programs.
While it often feels like one individual’s actions doesn't have an impact on the big picture, the truth is that we all have the power to make a difference and influence change. In fact, the majority of giving (at least 71% of total annual donations) is from individuals. Through our work at America’s Charities, we empower individuals and organizations to support causes they care about, and we do this to bring more resources to the nonprofits that are changing our world.
People ask us all the time why Fairfax County needs a food bank. Just do the math. In 2015, Fairfax County had a median family income of $129,538 a year. The average housing rental cost was $1687 a month. The poverty level for a family of four is now $24,600 a year. And, of course, the national minimum wage is still $7.25 an hour.
Every day, millions of Americans have to sacrifice food, education, and healthcare because the cost of housing is so high. The numbers are grim: only one out of every four households who needs housing assistance gets it; more than one in four renters pays more than half of their income on housing costs; and nationwide waiting lists for affordable housing are years long. Many lists aren’t even open to new applicants because the backlog is so enormous.
At the beginning of every school year, many eager children sit in the front of the classroom armed with No. 2 pencils, wide-ruled paper and all of the other supplies needed for success. Some students never have to worry about not having access to the materials needed for class. However, that is not the case for many children around the U.S.
Visa has made a three-year financial commitment to help the Universal Postal Union, which is the primary forum for cooperation in the global postal system, advance financial inclusion through its new Financial Inclusion Technical Assistance Facility. Of the world’s 661,000 post offices, 91 percent offer some form of financial services, and the UPU aims to increase the number of payment accounts held by posts by 250 million by 2020.
Disrupting food sounds almost ominous. The purists among us likely do not feel there’s much of a need to innovate their favourite steak or to reinvent the way we eat in pubs, restaurants or canteens. But the food industry is a sector in need of a sea change. This has a lot to do with the way food is produced – the question being whether the industry can adapt to meet the needs of a constantly growing global population in a sustainable fashion.
Chuck Serianni has been recognized as CFO of the Year by the Arizona Chapter of Financial Executives International (FEI). The CFO of the Year award is given to chief financial officers who have demonstrated outstanding financial management and promote a better understanding of the role of finance in the business world.
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