WASHINGTON, D.C., Sept. 25, 2024 — Partners for the Common Good, a leading Community Development Financial Institution (CDFI), today announced a $6 million grant from renowned philanthropist MacKenzie Scott. This contribution will further Partners’ mission to expand access to affordable housing, advance economic justice, and support community development in underserved communities across the United States.
"MacKenzie Scott’s generous support enhances our ability to drive meaningful change in economically disadvantaged communities," said Jeannine Jacokes, CEO of Partners for the Common Good. "This funding enables us to invest in critical projects—from affordable housing to essential community services—focused on improving quality of life and building partnerships that strengthen financial resilience in historically marginalized areas."
The grant will be instrumental in advancing Partners’ strategic priorities, which include expanding partnerships to increase access to capital for underserved communities and supporting innovative financial solutions that drive economic growth. Partners focuses on generating tangible benefits for low-income individuals and the surrounding communities, such as providing affordable housing, improving community facilities, increasing access to quality goods and services, enhancing job opportunities, and revitalizing neighborhoods. The organization is committed to breaking down financial barriers and fostering inclusive, sustainable economic opportunities for low-income individuals and communities of color.
"MacKenzie Scott’s trust in our mission empowers us to continue bridging financial gaps and creating pathways of opportunity for communities traditionally excluded from mainstream financial systems," added Jacokes. "We are deeply grateful for her support as we work toward a more just and inclusive economy."
About Partners for the Common Good
Partners for the Common Good is a certified nonprofit loan fund and the only CDFI in the country with a primary mission of national participation lending. Partners advances economic justice by providing access to capital for community development projects. Since its founding, Partners has provided more than $200 million in loans to support transformative community initiatives across the U.S. For more information, visit www.pcgloanfund.org.