Results tagged as "us"

  • Empowered Cities: Financial Empowerment for People with Disabilities

    By Bob Annibale, Global Director, Citi Community Development and Inclusive Finance, and Michael Morris, Executive Director, National Disability Institute February 22, 2018 04:00 PM

    Last month, Tracy McKnight participated in the launch of EmpoweredNYC, a new program led by Citi Community Development, National Disability Institute (NDI) and the City of New York. EmpoweredNYC is the first pilot under Empowered Cities, a $2 million national initiative to enable municipalities to expand financial empowerment and economic inclusion for people living with disabilities and their families.

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  • Citi Teams up with Cities across the U.S. At Tax Time

    By Bill Mills, CEO North America and Bob Annibale, Global Director of Citi Community Development and Inclusive Finance January 26, 2018 10:00 AM

    ​Nearly half of all U.S. households lack the savings to cover a $400 emergency expense. But at the same time every year, an all- too-often unrecognized opportunity arises that has the potential to alleviate this persistent financial vulnerability for working families living on lower incomes: Filing taxes.

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  • A new model for affordable homeownership in NYC

    By Maria Torres-Springer, Commissioner, New York City Department of Housing Preservation and Development, Christie Peale, CEO & Executive Director, Center for New York City Neighborhoods and Bob Annibale, Global Director, Citi Community Development and Inclusive Finance January 11, 2018 09:15 AM

    For the vast majority of New Yorkers, the American Dream of owning a home is simply beyond reach. But a citywide collaborative of non-profit affordable housing organizations, with support from Citi Community Development, is working to bring affordability back to New York City neighborhoods.

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  • A Transformational Approach to Grantmaking

    By Anne Evens, Chief Executive Officer of Elevate Energy December 19, 2017 11:30 AM

    For the first time since our founding in 2000, Elevate Energy – a Chicago-based community development agency that helps people do more with less energy – participated in a funding opportunity that enabled us to think transformationally about how we achieve our mission. By providing multi-year, unrestricted grant support, the Citi Foundation’s Community Progress Makers Fund helped our organization develop the evidence and business case to dramatically increase clean energy investments in low-income communities. But it’s more than that. The Fund is an innovative approach to grant-making that pushes organizations to transform the world by first transforming themselves.

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  • Progress Towards a More Inclusive Chicago: How Entrepreneurship is Revitalizing the City’s African American Neighborhoods

    By Erica King, VP of Chicago Neighborhood Initiatives Micro Finance Group November 06, 2017 02:30 PM

    From reading the news, you’d be forgiven for thinking the economy is booming for everyone. National unemployment is at record lows and the stock market at record highs. But in neighborhoods like Pullman on the Southside of Chicago, and in many other cities around the country, those heady headlines make for cold comfort. The unemployment rate in the Windy City among African American residents is a staggering 25 percent - more than 5 times the national rate.

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  • Impact, Pivot, Repeat: Community Progress Makers on Meaningful Support & Meeting Our Cities’ Toughest Challenges

    By Luis Granados, Executive Director, Mission Economic Development Agency; Emily Gresham, Assistant Vice President of Research, Florida International University and Co-Founder of StartUP FIU; Lisbeth Shepherd, Executive Director, Green City Force November 01, 2017 09:00 AM

    From creating jobs to expanding affordable housing, cities face economic challenges that grow increasingly complex as more people move to urban centers in search of economic opportunity. Variables including policy changes, budget cuts, and local crises constantly impact how (and how well) community-based organizations can respond. While we need all the help we can get, some philanthropic support can be prescriptive and overly restrictive about our approach and how we define success. To truly accelerate progress, nonprofits need support in a form that encourages us to adapt to external shifts and develop new ways of addressing long-standing issues. The Citi Foundation’s Community Progress Makers Fund helped us do just that. The $20 million, multi-year initiative provided unrestricted grant support to 40 nonprofits in six U.S. cities, enabling a variety of organizations to pilot innovative solutions, increase their ability to secure additional investment, build their organizational capacity and attract new community partners. The Citi Foundation is looking for the next 40 Community Progress Makers. Eligible organizations can apply here by December 18, 2017.

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  • Citi Signs Amicus Brief in Support of LGBT Community

    By Jamie Forese, President, Citi and Head of ICG and Bob Annibale, Global Director of Citi Inclusive Finance and Community Development October 31, 2017 11:00 AM

    Yesterday, Citi joined other companies in signing an amicus brief in support of the LGBT community.

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  • Kindergarten to College: Placing Higher Education within Reach

    By José Cisneros, San Francisco Treasurer and Bob Annibale, Global Director of Citi Inclusive Finance October 19, 2017 04:00 PM

    One in three San Francisco children are born into families with almost no savings. However, when families save as little as $500 for higher education, their children are three times more likely to go to college.

    Six years ago, we set out to do the inconceivable: collaborate to develop a platform to support a program that would enable every family in the San Francisco public school system to put money away for their children’s education. To achieve this goal, Citi collaborated with the City and County of San Francisco, and the San Francisco Unified School District, to launch Kindergarten to College (K2C) -- the first publicly funded, universal children’s savings account program in the United States.

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  • The Places Thinking Like an Entrepreneur Will Take You: Reflections from a NFTE and Pathways to Progress Alum

    By Khaled Khalifa, NFTE Alum and NFTE Citi Foundation Entrepreneurship Fellow October 19, 2017 12:15 PM

    On Thursday, October 12, I had the opportunity to co-host the NFTE National Entrepreneurship Challenge, presented by the Citi Foundation, which brought together 41 NFTE students from across the country to share their business ideas and compete for a total of $35,000 in startup capital.

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  • A Conversation with Cities: Mayors on Closing Gaps in Infrastructure & Economic Opportunity

    By Ed Skyler, Executive Vice President for Global Public Affairs, Citi and Chairman of the Citi Foundation October 16, 2017 01:00 PM

    Citi estimates that $59 trillion will need to be spent on infrastructure globally over the next 15 years, a staggering figure that speaks to how much work needs to be done to shore up existing infrastructure and build additional capacity to keep up with urban growth. While the needs are immense, investment in infrastructure in the U.S. at the federal level has fallen to just 1.4% of GDP, and local governments are being challenged to meet the needs of their residents with increasingly limited resources.

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