Building a Connected, Equitable and Thriving Chicago Region OUR - - PowerPoint PPT Presentation

Building a Connected, Equitable and Thriving Chicago Region

OUR JOURNEY

For over 100 years, the Trust has been a powerful force in the region, touching nearly every major civic

• issue. In 2018, we decided we can

do more to have an even greater, more focused impact.

T H E C H I C A G O C O M M U N I T Y T R U S T

Wealth Inequity

Health Education Employment Public Safety & Judicial System Housing Transportation Economic Investment Community Cohesion Workforce Development Food Systems Homelessness

T H E C H I C A G O C O M M U N I T Y T R U S T

OUR JOURNEY | WHAT WE LEARNED

4 T H E C H I C A G O C O M M U N I T Y T R U S T

Sobering facts

• The median low-poverty neighborhood receives 4.3 times as much market investment per

household as the median high-poverty neighborhood (Urban Institute).

• In Chicago, people of color live in communities where more then 50% of debt is delinquent

(Urban Institute, 2019).

• Payday lenders are concentrated in communities of color and have annual interest rates as

much as 400%.

• 76% of Chicago’s COVID deaths are Black and Latinx individuals, while those communities

make up only 56% of the city’s population. (COVID Task Force: LINK).

• For every $1 in private capital invested in Chicago’s majority Black neighborhoods, majority

White neighborhoods benefit from $4.60 in private capital. Latinx communities fare only slightly better than majority Black neighborhoods (Urban Institute, 2019).

OUR JOURNEY | WHAT WE LEARNED

5 T H E C H I C A G O C O M M U N I T Y T R U S T

• Black unemployment is 3 times higher than the national average.
• Nearly 25 percent of Latinx families in Chicago live below the

poverty line, compared to 18.3 percent nationally.

• Our 30-year life expectancy gap is largest in the nation.
• Chicago has the greatest population loss of 10 largest

metropolitan areas.

• Regional growth ranks 67th among the 100 largest U.S.

metropolitan economies.

OUR JOURNEY | WHAT WE LEARNED

Sobering facts

6 T H E C H I C A G O C O M M U N I T Y T R U S T

The system of segregation costs the region $4.4 billion annually.

Source: Cost of Segregation (Metropolitan Planning Council , 2017)

The Chicago region’s gross domestic product would rise by approximately $8 billion if we reduced the levels of economic and Black-White segregation to the national median.

Inequity isn’t just an issue for Black and Latinx communities.

Inequity affects everyone.

T H E C H I C A G O C O M M U N I T Y T R U S T

8 T H E C H I C A G O C O M M U N I T Y T R U S T

It takes a village

Shared Prosperity Roundtable

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN

Growing Household Wealth

Increase incomes

Advancing policies and practices that translate income into wealth

• Access to career pipeline
• Apprenticeships
• Earned Income Tax Credit

Build assets

Supporting programs and policies that lead to building assets and wealth creation

• Homeownership
• Entrepreneurship
• Child Savings Accounts

Reduce debt

Addressing predatory practices that are leading to debt burdens

• Payday lending reform
• Discriminatory fines and fees

elimination

T H E C H I C A G O C O M M U N I T Y T R U S T

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN

Catalyzing Neighborhood Investment

Build the foundation

Creating the conditions for collaborative neighborhood investment

• Flexible $$ for community orgs
• Private sector pathways
• Leadership development
• “Backbone” support for tri-sector

initiatives

Take collective action

Collaborating on neighborhood investment solutions that strengthen places

• Place-based planning/development
• Asset-based planning/development

Change systems

Sustaining neighborhood investment

• Finance solutions
• Policy solutions

More equitable investments made and sustained in under-invested Black and LatinX communities

T H E C H I C A G O C O M M U N I T Y T R U S T

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN

Building Collective Power

Connect People

Bringing together leaders, networks and coalitions leading grassroots change in the community

• Resident-driven

collectives (e.g., block clubs)

• Community organizing

Amplify Voice

Strengthening local media and storytelling platforms to amplify community narratives

• Community media and

storytelling

• Forums for community

engagement

Spark Action

Empowering community action and advancing community priorities and shared agendas

• Neighborhood-level,

resident-driven campaigns

T H E C H I C A G O C O M M U N I T Y T R U S T

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN

Addressing Critical Needs

Build Pathways to Stability

Responding to the immediate needs of residents with essential services

• Preventing and ending

homelessness/housing insecurity

• Decreasing food insecurity
• Increasing access to

healthcare

Support systems and policy innovation

Providing resource to

• rganizations to work across

programs and sectors to innovate and effectuate systemic change

• Human services systems

reforms and/or polices

• Time-limited opportunities to

impact vitality of the region

T H E C H I C A G O C O M M U N I T Y T R U S T

Strengthen Social Cohesion & Promote Well-Being Fostering the well-being of residents across their lifespans during critical times to meet their immediate needs

• Supportive services for people

with disabilities, aging adults and/or children & youth

• Violence prevention
• Access to justice and legal

services

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN

Connecting Philanthropy to Impact

Share our vision

Communicating new philanthropic opportunities to inspire and engage institutional funders and individual donors in the Trust's vision

• Convene and educate
• Catalytic philanthropic
• pportunities

Deepen donor relationships

Forging strategic, trusted long- term partnerships with individual donors, institutional funders and professional advisor communities

• Knowledge of donor interests

and values

• Connect to Trust expertise
• Variety of asset gift types
• Impact investing options

Demonstrate Impact

Sharing successes and learnings from actions over time

• Donor/funder feedback loop
• Thought leadership

T H E C H I C A G O C O M M U N I T Y T R U S T

Days Since Start of Fund

115

Headquarter Locations (Rounds 1-4)

Chicago go Communi nity ty COVID ID-19 19 Response

• nse Fund Track

ckin ing g Dashbo boar ard d as of 7/15/ 5/20 20

Total Funds Committed

$ 27,425,000

# Number of Unique Grantees

359

Funds Processed

$ 29,124,373

Funds Allocated Round 4

$ 6,050,000 (N=167)

Funds Pledged

$ 33,551,070

Type of Service Amount Granted

Capacity Building $100,000 Capstone Projects $3,500,000 Coordinated Response $600,000 Emergency Services $1,925,000 Access to Health Care $4,500,000 Stable Housing, Emergency Shelter and Supportive Services $4,950,000 Community Hubs $11,850,000 Grand Total $27,425,000

Funding Distribution (Rounds 1-4)

242 61 18 15 12 22 5 City Cook County DuPage County Kane County Lake County McHenry County Out of State Will County

OUR VISION A thriving, equitable and connected Chicago region where people of all races, places and identities have the

• pportunity to reach their potential.

T H E C H I C A G O C O M M U N I T Y T R U S T

QUESTIONS