Berkeley Group Gives BofA Top Rank in Lending to Minorities

Source: East Bay Business Times |
The Berkeley-based nonprofit Greenlining Institute gave Bank of America Corp., the top overall ranking among banks making U.S. Small Business Administration loans to minorities.

The Institute issued its annual report card Jan. 30 based on data for fiscal year 2007 provided by the SBA through a Freedom of Information Act request. Continue reading “Berkeley Group Gives BofA Top Rank in Lending to Minorities”

The Greenlining Institute Endorses Local Offsetting Concept

Source: | Written by:
Two days ago, the Greenlining Institute – a public benefit organization focused on increasing low-income and minority participation in civic participation and policy-making that results in equitable policies – put a stake in the ground about using local carbon offsetting to help finance projects that directly assist low-income communities. The article (below) authored by Sasha Werblin (their Sustainable Development Fellow) with contributions from Associate Director Orson Aguilar was part of small package of materials left on the chairs prior to their recent convening on bridging what is now being called the green divide “How Can Clean Energy Benefit California’s New Majority?” Continue reading “The Greenlining Institute Endorses Local Offsetting Concept”

Show Me the Money

Source: | Written by: Marshall Lebovits

The Greenlining Institute produces an annual report card that grades the largest US banks on their SBA lending activities to minorities – specifically African Americans, Asian Americans and Latinos.

Only one bank got an “A”. There was a handful or so of “B” grades. As for the rest, they got a spanking on their hands with a ruler. Continue reading “Show Me the Money”

Are Foundations Doing Enough for Society?

Source: The Chronicle of Philanthropy | Written by: George Dean and Nativo Lopez
Now that California’s Assembly has passed legislation designed to shed light on the diversity practices of the state’s grant makers and the measure is pending in the State Senate, it is time to ask Congress to take similar action and to look more closely at just what Americans are getting from the massive subsidies they provide to the nation’s foundations. Continue reading “Are Foundations Doing Enough for Society?”

Poizner Scraps Uninsured Motorist Measure

Insurance Commissioner Steve Poizner has dropped plans to pursue a ballot measure that would have allowed police to seize the license plates from – and eventually impound – cars driven by those without auto insurance.

Poizner, a Republican considered a likely candidate for governor in 2010, launched the initiative late last year, arguing that the law was needed to force the estimated quarter of California drivers who drive without insurance to buy coverage. Continue reading “Poizner Scraps Uninsured Motorist Measure”

Tax-Supported Foundations Must Reveal Diversity Data

Source: San Jose Mercury News | Written by: By John C. Gamboa
During a year of massive budget deficits and service cuts, Californians have the right to know how their tax dollars are being spent. That is why state legislators recently passed AB 624, by Assemblyman Joe Coto, D-San Jose. The “Foundation Diversity and Transparency Act” is legislation that would simply require 30 of the state’s wealthiest charitable foundations to disclose diversity data, data that many foundations already collect. Continue reading “Tax-Supported Foundations Must Reveal Diversity Data”

California Legislation Pushing Foundation Funding Diversity

Source: The Non Profit Times | Written by: Mark Hrywna

Foundations are lining up against mandated diversity transparency legislation in California that could have ramifications beyond the Golden State.

The Democrat-led California Assembly, by a 45-29 vote, approved a bill in late January that requires foundations with more than $250 million in assets to collect diversity-related data for their boards, staff, nonprofit grantees and clients served through their grantmaking, and publish it on the Web and in annual reports. Continue reading “California Legislation Pushing Foundation Funding Diversity”

No Good Deed Goes Unpunished?

Source: | Written by: Jeffrey A. Farber
Are some charities more worthy than others? This seems to be the implication of a bill before the state Legislature that would require philanthropic foundations to document the so-called diversity of the charities they support. The inference is that the more diverse a charity’s board of directors and staff, the more worthy it is of philanthropic funding. Continue reading “No Good Deed Goes Unpunished?”

15th Annual Economic Summit Roundup

15thAnnual_jpg-sizedWe celebrated our 15th Annual Greenlining Economic Development Summit in Los Angeles. Once again we brought together the leading community advocates, corporate leaders and government officials in the country to discuss “win-win” opportunities and solutions on issues related to minority economic empowerment.

The Community Reinvestment Act (CRA) Friday April 25, 2008

Keynote Speakers:
Sheila Bair, Chairwoman, FDIC
Introduced by Assemblymember Ted Lieu

Ivan Seidenberg
Chairman and CEO, Verizon

U.S. Attorney Joseph P. Russoniello

Award Recipients:
Community Reinvestment Act (CRA) Award 2008
Robert McNeely
Executive Vice President Union Bank California

Community Reinvestment Act (CRA) Award 2008
Shiela Bair
Chairwoman, FDIC

Community Reinvestment Act (CRA) Award 2008
Cynthia Amador
President and CEO
CHARO Community Development Corporation

Big Brain Award 2008
Assemblymember Joe Coto (D-San Jose)
Chair, California Latino Legislative Caucus

Big Foot Award 2008
Louise Perez
Executive Director
Community Resource Project, Sacramento CA

Big Heart Award 2008
Faith Bautista
Executive Director
Mabuhay Alliance, Inc.

Lifetime Achievement Award 2008
Ortensia Lopez
Executive Director
El Concilio of San Mateo County and Greenlining Co-Chair

Lifetime Achievement Award 2008
George Dean
President and CEO
Greater Phoenix Urban League

Torchbearer Award 2008
Lindsay Imai
Transportation and Housing Program Associate
Urban Habitat, Oakland CA