Local Initiatives Support Corporation

Local Initiatives Support Corporation (LISC) "helps resident-led, community-based development organizations transform distressed communities and neighborhoods into healthy ones – good places to live, do business, work and raise families. By providing capital, technical expertise, training and information, LISC supports the development of local leadership and the creation of affordable housing, commercial, industrial and community facilities, businesses and jobs."

"Founded in 1979, LISC has become the nation's largest community development support organization. With 30 urban programs and a national rural program operating in 36 states, we deliver capital from corporations, foundations, individuals and the government to our network of hundreds of community organizations across the country. This unique "on the ground" presence enables LISC to work closely with our community development organizations to identify local priorities and challenges, thereby creating a tailored plan to address each community's needs. Headquartered in New York City, National LISC offers nationwide program initiatives in areas such as affordable housing preservation, community safety and educational facilities development."


 * Michael Rubinger - President & CEO, Local Initiatives Support Corp.
 * Paul S. Grogan - Former President & CEO

Directors (2008)
Accessed January 2009:


 * Robert E. Rubin (Chair) - Director, Chairman of the Executive Committee, Member of the Office of the Chairman, Citigroup Inc
 * Larry H. Dale - Managing Director, Citigroup
 * Stanley R. Ommen - President & CEO, State Farm Bank
 * William M. Daley - Vice Chairman & Chairman of the Midwest Region, J.P. Morgan Chase & Co.
 * Ronald Phillips - President, Coastal Enterprises
 * John G. Finneran - EVP, General Counsel & Corporate Secretary, Capital One Financial Corporation
 * Rey Ramsey - Chief Executive Officer, One Economy Corporation
 * Pamela P. Flaherty - President and Chief Executive Officer, Citigroup Foundation, Citigroup Inc.
 * Don Randel - President, Andrew W. Mellon Foundation
 * Colvin W. Grannum - President, Bedford Stuyvesant Restoration Corporation
 * Rip Rapson - President & CEO, The Kresge Foundation
 * Ms. Antonia Hernandez - President, California Community Foundation
 * Michael Rubinger - President & CEO, Local Initiatives Support Corp.
 * Valerie Jarrett - President & CEO, The Habitat Company
 * Arthur Ryan - Chairman, President & CEO, Prudential Financial Inc.
 * Kevin Johnson - Chief Executive Officer, St. Hope Public Schools
 * Paul Tagliabue - Former Commissioner, National Football League
 * Ms. Lynette Lee - Executive Director, East Bay Asian Local Development Corporation
 * George H. Walker - Managing Director, Lehman Brothers
 * Bill Longbrake - Vice Chair, Washington Mutual
 * Seth H. Waugh - Chief Executive Officer, Deutsche Bank Americas
 * Daniel H. Mudd - President & CEO, Fannie Mae
 * Douglas Woodruff - Franchise Banking Executive, Bank of America
 * Philip Murphy - Principal, Murphy Endeavors, LLC

==Top 25 Grantors All-time (As of December 31, 2005) ==


 * Ford Foundation
 * John D. and Catherine T. MacArthur Foundation
 * JPMorgan Chase Foundation
 * Bank of America
 * Lilly Endowment, Inc.
 * State Farm Insurance Companies
 * Pew Charitable Trusts
 * NFL Youth Football Fund
 * John S. and James L. Knight Foundation
 * McKnight Foundation
 * Rockefeller Foundation
 * Fannie Mae Foundation
 * Living Cities
 * W.K. Kellogg Foundation
 * Washington Mutual
 * Kresge Foundation
 * Citigroup Foundation
 * Walton Family Foundation, Inc.
 * Nationwide Mutual Insurance Company
 * Hall Family Foundation
 * Freddie Mac
 * Wells Fargo & Company
 * Ewing Marion Kauffman Foundation
 * Wachovia
 * Annie E. Casey Foundation

2006 Major Gifts
''Gifts of $100,000+


 * Oprah's Angel Network - $2,154,000 - "Oprah’s Angel Network awarded a two-year grant for LISC's Gulf Region Rebuilding Initiative. This funding will support the long-term rebuilding of homes, businesses and community facilities in the towns of D’Iberville, Mississippi and New Iberia, Louisiana. This is a new donor to LISC."
 * Annie E. Casey Foundation - $1,247,500
 * Fannie Mae Foundation - $1,110,850
 * Washington Mutual - $1,071,000
 * John D. and Catherine T. MacArthur Foundation - $1,080,600
 * W.K. Kellogg Foundation - $1,000,000
 * McNeely Foundation - $1,000,000
 * Greater Kansas City Community Foundation - $816,667
 * Greater Cincinnati Foundation - $650,000
 * Prudential Financial, Inc. - $650,000

Contact

 * Web: www.lisc.org (no longer works - as of March 2008)

Related Sourcewatch articles

 * Jamie S. Gorelick
 * Wendy Puriefoy
 * National Vacant Properties Campaign
 * MacArthur Foundation: Population and Reproductive Health, Recent Grants
 * Oprah's Angel Network