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Latino Community Credit Union and Latino Community Development Center Selected as one of the Ten Finalists for $90 Million Global Challenge

Parents lifting their child

September 21, 2021

 

FOR IMMEDIATE RELEASE

Contact: Silvia Rincon

(919) 959-1730

silvia@latinoccu.org

 

Latino Community Credit Union and Latino Community Development Center Selected as one of the Ten Finalists for $90 Million Global Challenge

 

Battle Creek, MI– Today, the W.K. Kellogg Foundation announced 10 finalists for the Racial Equity 2030 challenge, an open call for bold solutions to drive an equitable future for children, families and communities across the globe. The Challenge is awarding $90 million to help build and scale actionable ideas for transformative change in the systems and institutions that uphold racial inequities.

Latino Community Credit Union (LCCU) in conjunction with Latino Community Development Center (LCDC) are among these finalists, who were selected from applicants from 72 countries.  “This is an amazing recognition of the work and the impact we have built during the last 21 years,” said LCCU/LCDC CEO and President, Luis Pastor.  “Now is the time to expand our footprint of opportunity by building a bigger table at which we can all collaborate and dream together.”

Applications were evaluated during a five-month review process – involving peer applicants and multi-disciplined experts from across the world – based on four criteria: whether they were game changing, equitable, bold and achievable.

“The overwhelming response of this Challenge has demonstrated the urgency of racial equity in nearly every corner of the world,” said La June Montgomery Tabron, president and CEO of the W.K. Kellogg Foundation. “Each of these visionary finalists embodies a deep commitment to community and local leadership. We’re proud to partner with them as they unveil their bold and game changing solutions to advance racial equity in the next decade.”

The 10 finalists’ projects are listed below in alphabetical order:

 

 

 

  • Building a Bigger Table for Latinos in the South: The Latino Community Development Center and Latino Community Credit Union will ensure a seat at the table for Latinos in the New South by leveraging this model of financial inclusion, civic engagement, and cultural pride.

 

  • Building an Anti-Racist Public Education System in Brazil: ActionAid, the Brazilian National Campaign on the Right to Education, CONAQ, UneAFRO Brasil, Geledés, and Ação Educativa will work together to transform the Brazilian school network into the world’s first anti-racist education system harnessing youth, education and black movements and triggering a national healing process.

 

  • Ending Systemic Labor Exploitation: This project will enable migrant worker-led community-building, advocacy, and activism to end migrant worker exploitation and achieve greater racial equity.

 

 

  • High Road Kitchens for Racial Equity and One Fair Wage in the U.S.: One Fair Wage will expand its High Road Kitchens program to provide restaurants with subsidies if they commit to its Racial Equity Toolkit & Training Program, which trains restaurants to desegregate their staff racially and raise wages for workers of color. The team will work with the U.S. Department of Labor to make this a federal program, supporting thousands of restaurants to increase wages and racial equity for hundreds of thousands of workers.

 

 

 

 

The work of the 10 finalists’ projects reflects the complexity of achieving racial equity and the structural changes that are needed to achieve meaningful, long-term change, including access to economic opportunity, improved governance and justice, and social well-being.

The Racial Equity 2030 Challenge is being managed by Lever for Change, a nonprofit affiliate of the John D. and Catherine T. MacArthur Foundation that helps donors find and fund solutions to the world’s greatest challenges, including racial and gender inequity, economic opportunity and climate change.

“The finalists of the Racial Equity 2030 Challenge have proposed inspiring ideas to redress one of the most pressing issues of our time,” said Cecilia Conrad, CEO of Lever for Change. “By partnering with like-minded applicants, these teams have the potential to build on each other’s work and achieve transformative change in the world. We are looking forward to following their progress as a cohort, across communities, borders and continents.”

Each of the 10 finalist teams will receive a one-year $1 million planning grant, which includes nine months of capacity-building support to further develop their project and strengthen their application.

Among the finalists, five awards totaling $80 million will be announced in the summer of 2022. Three Awardees will each receive a $20 million grant and two Awardees will each receive a $10 million grant. Grants will be paid out over eight years to coincide with W.K. Kellogg Foundation’s 100th anniversary in 2030.

More information about the Racial Equity 2030 Challenge and the finalists can be found at https://racialequity2030.org.

 

Latino Community Credit Union

Latino Community Credit Union (LCCU) is a full-service financial institution providing ethical financial products and education to over 100,000 members across United States. Founded in 2000 in Durham, NC, LCCU has established an effective model for Latino immigrants to enter and thrive in the financial mainstream. LCCU is one of the fastest-growing credit unions in the country with $680 million in assets and 15 branches throughout North Carolina. For more information, visit www.latinoccu.org

Latino Community Development Center

Latino Community Development Center (LCDC) is a non-profit 501c3 organization created in 2002 to promote financial literacy, affordable housing, and economic development for low-income Latino and other immigrant communities in North Carolina. LCDC provides the field of membership for Latino Community Credit Union (LCCU) and LCDC member have access to all of LCCU’s services.

W.K. Kellogg Foundation

The W.K. Kellogg Foundation (WKKF), founded in 1930 as an independent, private foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, is among the largest philanthropic foundations in the United States. Guided by the belief that all children should have an equal opportunity to thrive, WKKF works with communities to create conditions for vulnerable children so they can realize their full potential in school, work and life.

The W.K. Kellogg Foundation is based in Battle Creek, Michigan, and works throughout the United States and internationally, as well as with sovereign tribes. Special attention is paid to priority places where there are high concentrations of poverty and where children face significant barriers to success. WKKF priority places in the U.S. are in Michigan, Mississippi, New Mexico and New Orleans; and internationally, are in Mexico and Haiti. To learn more about WKKF, visit www.wkkf.org or follow WKKF on Twitter at @wk_kellogg_fdn.

Lever for Change

Lever for Change, a nonprofit affiliate of the John D. and Catherine T. MacArthur Foundation, helps donors to find and fund solutions to the world’s greatest challenges, ranging from racial and gender equity to economic development and climate change. Building on the success of the MacArthur Foundation’s $100 million competition, 100&Change, Lever for Change customizes and manages open and transparent competitions for donors. In addition, the organization matches donors with nonprofits and social enterprises in its Bold Solutions Network, which includes solutions to significant social challenges that were highly ranked after rigorous evaluation in one of Lever for Change’s competitions. The organization has developed and managed nine competitions, ranging in size from $10 million to $100 million, unlocking $790 million in funding for high-impact solutions and strengthening dozens of top organizations. For more information, visit www.leverforchange.org.

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