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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

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:

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

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