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DETROIT - Michimich -- The Inclusive Capital Collective (ICC) recently released a new report, "Community Ownership: Emerging Models and Roles for Philanthropy," in partnership with lead author Roanhorse Consulting and contributions by ICC Members The Guild, Chicago Trend, and EBPREC, with additional contributions by Potlikker Capital and the Community Investment Trust.
The report, commissioned by The Kresge Foundation, examines the growing trend of community ownership and its potential to overcome systemic racism through equitable access to capital.
"To dismantle systemic racism and empower Black and Brown communities, we must prioritize innovative solutions that place their needs and aspirations at the forefront, and community ownership offers a transformative opportunity to achieve this." - Najaah Yasmine Daniels, founding CEO of the Inclusive Capital Collective.
Community ownership is an alternative to traditional financial institutions, which typically focus on the financial well-being of individuals rather than communities. The ICC is a growing network of community fund managers and entrepreneur support organizations that have been designing and developing shared technical and financial infrastructure for aggregating and deploying financial capital and other resources to entrepreneurs and communities of color in the United States.
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The report explores established and emerging models of community ownership, including Community Land Trusts, Cooperatives, Neighborhood Real Estate Investment Trusts (NREIT), Community Stewardship Trusts, Community Investment Trusts (CIT), and Mixed-Income Neighborhood Trusts (MINT). The authors examine the strengths and challenges of each model and provide insights into design choices, such as return on investment, legal structure, governance, and ownership type.
"The wisdom is there, on the ground and in the communities right now. The leaders building these solutions need to be invested in again and again so they can hone, iterate and perfect their models so they can teach the next generation." Vanessa Roanhorse, CEO and Portfolio Lead, Roanhorse Consulting
The report also explores the role of philanthropy in supporting community ownership, outlining the five key areas of organizing and planning, technical expertise, capitalization, stabilization, and field building. The authors stress the importance of a well-established, national container that can bring a broader perspective to the field and create an entry point for local leaders to engage in this work.
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"Community Ownership: Emerging Models and Roles for Philanthropy" is a valuable resource for practitioners, implementation organizations, philanthropic institutions, private and public companies, and others interested in leveraging the collective experience, expertise, and excellence of ICC members. The report can be accessed on the ICC website, along with other resources on community ownership.
To check out the report visit: https://www.inclusive-capital.us
The report, commissioned by The Kresge Foundation, examines the growing trend of community ownership and its potential to overcome systemic racism through equitable access to capital.
"To dismantle systemic racism and empower Black and Brown communities, we must prioritize innovative solutions that place their needs and aspirations at the forefront, and community ownership offers a transformative opportunity to achieve this." - Najaah Yasmine Daniels, founding CEO of the Inclusive Capital Collective.
Community ownership is an alternative to traditional financial institutions, which typically focus on the financial well-being of individuals rather than communities. The ICC is a growing network of community fund managers and entrepreneur support organizations that have been designing and developing shared technical and financial infrastructure for aggregating and deploying financial capital and other resources to entrepreneurs and communities of color in the United States.
More on Michimich.com
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The report explores established and emerging models of community ownership, including Community Land Trusts, Cooperatives, Neighborhood Real Estate Investment Trusts (NREIT), Community Stewardship Trusts, Community Investment Trusts (CIT), and Mixed-Income Neighborhood Trusts (MINT). The authors examine the strengths and challenges of each model and provide insights into design choices, such as return on investment, legal structure, governance, and ownership type.
"The wisdom is there, on the ground and in the communities right now. The leaders building these solutions need to be invested in again and again so they can hone, iterate and perfect their models so they can teach the next generation." Vanessa Roanhorse, CEO and Portfolio Lead, Roanhorse Consulting
The report also explores the role of philanthropy in supporting community ownership, outlining the five key areas of organizing and planning, technical expertise, capitalization, stabilization, and field building. The authors stress the importance of a well-established, national container that can bring a broader perspective to the field and create an entry point for local leaders to engage in this work.
More on Michimich.com
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"Community Ownership: Emerging Models and Roles for Philanthropy" is a valuable resource for practitioners, implementation organizations, philanthropic institutions, private and public companies, and others interested in leveraging the collective experience, expertise, and excellence of ICC members. The report can be accessed on the ICC website, along with other resources on community ownership.
To check out the report visit: https://www.inclusive-capital.us
Source: Inclusive Capital Collective
Filed Under: Business
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