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New "Excelerator Fund" Partnership Reimagines a Model for Equitable Investments in Neighborhoods

Photo Credit: Latinos Progresando Newsletter

The Excellerator Fund is a joint venture developed by Latinos Progresando and Greater Auburn Gresham Development Corporation to drive equitable social and economic recovery through reimagined investment in Chicago’s neighborhoods.

The pandemic has underscored the impact of the deep inequities experienced in our communities, but it has also highlighted the power of our collective strength. Our opportunity as a city is to leverage this social infrastructure not only in times of need, but with the same investment and urgency for Chicago’s Black and Mexican neighborhoods to thrive.

The Excellerator Fund is a community-driven grantmaking model that centers Black and Mexican voices in directing infrastructure investments to neighborhood-based organizations in Black and Mexican communities.

Through key early philanthropic investments, the Excellerator Fund has already distributed $105,000 in grants to 13 organizations. The grants are general operating, the application and reporting processes are streamlined, and both grantees and philanthropic partners will be engaged in a continuous cycle of learning.

Click here to learn more.

For the latest on this innovative partnership, follow Latinos Progresando on social media @latinospro,  follow Greater Auburn Gresham Development Corporation Twitter: @gadc_chicago Facebook: @gagdcchicago Instagram: @gagdc_chicago

Keywords: Community Recovery Fund, Community Wealth, Equity, Partnership, Philanthropy Investments

Posted in Auburn Gresham in the News, Community Highlights, Newsletter

Mission

To foster and promote revitalization of the community by designing and implementing programs that improve the community’s economic viability; increase availability of quality housing to people of different income levels, while maintaining and improving existing affordable housing; and enhance delivery of social services, particularly to senior citizens.

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Improve and enhance the delivery of community and economic development in Auburn Gresham, Englewood, and West Chatham.

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