Supporting the economic stability of Black,
Indigenous, and People of Color (BIPOC) small business owners, microentrepreneurs, and families in the
short term, while building the capacity of Black- and Brown-led nonprofit organizations in the long term.
Let's build resilience together.
The Resilience Fund is a two-year, $4 million initiative to reimagine systems of capital centered on communities of color. Guided by an advisory committee of community leaders, the Resilience Fund will provide capacity building, technical assistance, and grant funding to support a cohort of BIPOC-led nonprofit organizations in achieving certification as Certified Financial Development Institutions. This new generation of CDFIs will invest directly in communities hit hardest by the pandemic to build new pathways to economic resilience.
We view the development of a new generation of BIPOC-led CDFIs as a critical and indispensable piece of achieving economic stability and prosperity for communities of color.
NEW REPORT — In our new report, CRC Resilience Fund: Building a New Generation of BIPOC-led CDFIs, we examine Year 1 of our Resilience Fund Program by unpacking some of the challenges BIPOC-led CDFIs face, and exploring how our unique blend of peer mentorship and access to capacity-building resources helped the participating CDFIs expand their ability to provide much-needed capital in low-to-moderate income and BIPOC communities. [Download the report]
LOS ANGELES, Feb. 7, 2022 — Eleven nonprofit organizations from California with ambitions of changing the way capital reaches communities of color have been selected as part of the inaugural Resilience Fund cohort, a two-year grant funding and capacity-building initiative developed by the California Reinvestment Coalition and the San Francisco Foundation. [Read more]