CSH Receives a $40 Million Grant from Philanthropist MacKenzie Scott
Summary
NEW YORK, Sept. 17, 2024 /PRNewswire/ -- CSH (Corporation for Supportive Housing), a leading national nonprofit intermediary and Community Development Financial Institution (CDFI), announced a $40 million unrestricted grant from renowned philanthropist MacKenzie Scott. "We are deeply grateful to Ms. Scott for her unparalleled generosity and for recognizing the transformative power of supportive housing," said Deborah De Santis, President and CEO at CSH. Scotts generous contribution will empower CSH to bridge these gaps and help communities address the urgent needs of people who face unnecessary barriers to housing. As outlined in its 2023-2027 strategic plan, CSH has established ambitious goals to increase and preserve affordable and supportive housing units substantially; transform the delivery of services to ensure they are coordinated across systems, person-centered, and trauma-informed; boost economic security for people living and working in supportive housing; and guide communities in addressing systemic inequities among Black and Indigenous people who are significantly overrepresented in institutional settings.According to Ms. Scotts Yield Giving website, she has donated more than $17.3 billion to nonprofits and charities. Her approach to giving, which emphasizes unrestricted support, allows us to focus on our core mission: advancing affordable housing and integrated services to help individuals and communities thrive.