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

OUR JOURNEY | WHAT WE LEARNED Health Housing Education Transportation Employment Wealth Economic Investment Homelessness Inequity Food Systems Public Safety & Judicial System Workforce Development Community Cohesion 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 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). T H E C H I C A G O C O M M U N I T Y T R U S T 4

OUR JOURNEY | WHAT WE LEARNED Sobering facts • 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. T H E C H I C A G O C O M M U N I T Y T R U S T 5

The system of segregation costs the region $4.4 billion annually. 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. Source: Cost of Segregation (Metropolitan Planning Council , 2017) T H E C H I C A G O C O M M U N I T Y T R U S T 6

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

It takes a village Shared Prosperity Roundtable 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

OUR INTEGRATED STRATEGY | IMPLEMENTATION PLAN Growing Household Wealth Increase incomes Build assets Reduce debt Advancing policies and Supporting programs Addressing predatory practices that translate and policies that lead to practices that are leading income into wealth building assets and wealth to debt burdens creation • Access to career pipeline • Payday lending reform • Homeownership • Apprenticeships • Discriminatory fines and fees • Entrepreneurship elimination • Earned Income Tax Credit • Child Savings Accounts 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 Take collective action Change systems Creating the conditions for Collaborating on neighborhood Sustaining neighborhood collaborative neighborhood investment solutions that strengthen investment investment places • Finance solutions • • Place -based planning/development Flexible $$ for community orgs • Policy solutions • Asset -based planning/development • Private sector pathways • Leadership development • “Backbone” support for tri -sector initiatives 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 Amplify Voice Spark Action Bringing together Strengthening local Empowering community leaders, networks and media and storytelling action and advancing coalitions leading platforms to amplify community priorities and grassroots change in the community narratives shared agendas community • Community media and • Neighborhood -level, • Resident -driven storytelling resident-driven campaigns collectives (e.g., block • Forums for community clubs) engagement • Community organizing 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 Strengthen Social Cohesion Support systems and Stability policy innovation & Promote Well-Being Responding to the immediate Fostering the well-being of Providing resource to residents across their lifespans needs of residents with organizations to work across during critical times to meet essential services programs and sectors to their immediate needs innovate and effectuate • Preventing and ending • Supportive services for people systemic change homelessness/housing with disabilities, aging adults insecurity • Human services systems and/or children & youth reforms and/or polices • Decreasing food insecurity • Violence prevention • Time -limited opportunities to • Increasing access to impact vitality of the region healthcare • Access to justice and legal services 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 Connecting Philanthropy to Impact Share our vision Deepen donor relationships Demonstrate Impact Forging strategic, trusted long- Sharing successes and Communicating new learnings from actions over term partnerships with individual philanthropic opportunities to time inspire and engage institutional donors, institutional funders and funders and individual donors professional • Donor/funder feedback loop • Thought leadership in the Trust's vision advisor communities • Convene and educate • Knowledge of donor interests and values • Catalytic philanthropic • Connect to Trust expertise opportunities • Variety of asset gift types • Impact investing options T H E C H I C A G O C O M M U N I T Y T R U S T

Chicago go Communi nity ty COVID ID-19 19 Response onse Fund Track ckin ing g Dashbo boar ard d as of 7/15/ 5/20 20 Funds Pledged Funds Processed Days Since Start of Fund 115 $ 29,124,373 $ 33,551,070 # Number of Unique Total Funds Committed Funds Allocated Round 4 Grantees 359 $ 27,425,000 $ 6,050,000 (N=167) Funding Distribution (Rounds 1-4) Type of Service Amount Granted Headquarter Locations (Rounds 1-4) Capacity Building $100,000 22 Capstone Projects $3,500,000 5 15 12 18 Coordinated Response $600,000 Emergency Services $1,925,000 61 Access to Health Care $4,500,000 Stable Housing, 242 Emergency Shelter and Supportive Services $4,950,000 Community Hubs $11,850,000 City Cook County DuPage County Kane County Lake County McHenry County Out of State Will County Grand Total $27,425,000

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

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