The funds will probably be distributed equally to the grantee partners as they proceed to offer enhanced services to assist Latino communities get better from the strains attributable to COVID-19 and the longer-term economic challenges the pandemic unleashed.
The grant announcement comes as the brand new report, “¡Avancemos Ya!: Persistent Economic Challenges and Opportunities Facing Latinos in Massachusetts,” was published by The Latino Equity Fund in partnership with Boston Indicators and the Mauricio Gastón Institute for Latino Community Development and Public Policy at UMass Boston.
The report seeks to spotlight opportunities to enhance economic conditions amongst Massachusetts’s Latino communities. The report traces the historical and demographic roots of the state’s unique Latino communities and descriptions six trends which have shaped the present situation for the state’s Latinos and might function pathways for future opportunities.
In keeping with the report, the pandemic exacerbated long-standing challenges facing Latinos. Today, for instance, 1 / 4 or more of the 800,000 Latinos in Massachusetts struggle with food insecurity, and data show Massachusetts Latinos have low rates of intergenerational economic mobility.
Despite these circumstances, the report also sheds light on how the economic rebound from the 2020 recession provides opportunities to enhance socioeconomic conditions.
“LEF’s mobilization of funds is a real testament to our commitment to motion in response to data and advancing recovery for lots of our community leaders still balancing the consequences of COVID on their operations,” said Evelyn Barahona, director of Latino Equity Fund. “We chosen organizations whose leadership and position in the neighborhood is mission critical to promoting economic prosperity, health equity and wellbeing for Latinos in Massachusetts.”
Eight nonprofits will each receive $25,000 to help within the continued development of resources for accelerating and promoting sustainable pathways for recovery. The funds support organizations working in areas similar to job training, economic and income supports for businesses and families, reasonably priced housing and homebuying programs, increased access to early education and care to permit caregivers greater ability to work, and support for entrepreneurs and others targeting areas of opportunity in what are termed as gateway cities.
The organizations include:
1. Mauricio Gastón Institute for Latino Community Development and Public Policy (Boston)
2. Maverick Landing Community Services (MLCS) (East Boston)
3. Mujeres Unidas Avanzando (MUA) (Dorchester)
4. La Alianza Hispana, Inc. (Boston)
5. Centro Comunitario de Trabajadores (Latest Bedford)
6. Latinx Health Collaborative (Boston/Regional)
7. The Latino Health Insurance Program, Inc. (Framingham)
8. Sociedad Latina (Roxbury)
“These grants address a variety of the difficulty areas highlighted in ¡Avancemos Ya!, as a part of the LEF’s larger technique to work with our nonprofit partners to offer greater equity for Latinos,” said Juan Fernando Lopera, co-chair of the Latino Equity Fund. “At a time when Massachusetts faces an excellent need for employees, empowering our talented, entrepreneurial and fast-growing Latino communities to fill that need is an important step that gives advantages for everybody within the state.”
“LEF is committed to deepening our community investments to offer culturally sensitive and timely grantmaking,” said Aixa Beauchamp, co-founder and co-chair of the Latino Equity Fund. “Through responsive and revolutionary initiatives, we will create a community and philanthropic network for diverse donors to attach and learn. We are going to proceed to help Latino and BIPOC communities through this public health and economic crisis to see a brighter future.”
The Latino Equity Fund is a novel partnership between local Latino leaders and The Boston Foundation that envisions an equitable future for all Bostonians. Formerly the Latino Legacy Fund, the Latino Equity Fund (LEF) is the primary Latino-focused fund within the Greater Boston area.
LEF uses its influence and platform to amplify diverse voices and perspectives throughout the Latino community and beyond, with a concentrate on achieving greater and more equitable access to economic prosperity and well-being. Created in 2013, the Fund is each a grantmaking entity and an emerging civic leadership engine, commissioning research and reports that address critical issues facing Latinos and other communities of color.
As considered one of few local networks that nurture philanthropy in communities of color, the Latino Equity Fund can be a crucial voice and leadership body for the Latino community and the Greater Boston. LEF is raising an extra $10 million over the following three years for initiatives to expand economic prosperity and address the well-being/health disparities which have been exacerbated by the COVID-19 pandemic. Learn more at https://www.tbf.org/nonprofits/grant-making-initiatives/latino-equity-fund.