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MySocialGoodNews is dedicated to sharing news about
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Crowdfunding for Social Good

Devin D. Thorpe

Devin Thorpe

Monthly Archives: October 2014

Actor Chris Noth To Host National Alliance On Mental Illness-NYC Metro Gala

“Seeds of Hope” Event on November 6 will Honor Patrick Kennedy and Others for their Work in Fighting Stigma Against Mental Illness”

NEW YORK – October 23, 2014 – The National Alliance on Mental Illness-NYC Metro (NAMI-NYC Metro) announced today that two time Golden Globe-nominated actor Chris Noth will host their annual “Seeds of Hope” gala in New York City. The event, taking place at the Altman Building at 135 West 18th Street, will raise funds for NAMI-NYC Metro’s #IWillListen Campaign and their three psychoeducation courses, more than twenty support groups and public education events that help thousands of New York City residents each year. More information and ticket pricing is available here –


The evening will honor: Representative Patrick Kennedy for his leadership and commitment for ensuring that mental health is treated with the same importance as physical health; Shari Goldfarb, Director of HR for Deutsche Bank, for her leadership in the corporate community and overseeing the first corporate #IWillListen Campaign; Lisa Dixon, Professor of Psychiatry at Columbia University Medical Center and Director of the Center for Practice Innovations at New York State Psychiatric Institute. Other attendees will include Robert John Burke from CBS’s “Person of Interest” and Zach Grenier from CBS’s “The Good Wife.”

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President Bill Clinton Selects Early Childhood Education as 2015 Hult Prize $1M Start-up Challenge.

Applications to compete in the world’s largest student competition are now open.

Boston, October 20, 2014The Hult Prize Foundation announced today that President Bill Clinton has selected Early Childhood Education as the topic for the sixth annual Hult Prize. Student teams from over 600 universities and representing 150 countries will compete to develop innovative start-ups which seek to reimagine education, in order to reach ten million children, aged 0-6 over the next five years who reside in urban slums and beyond. The winner will be awarded one million dollars in seed capital, along with resources to scale worldwide.

Since its inception in 2009, the Hult Prize has launched some of the most disruptive start-ups in the social enterprise sector including India’s largest loyalty and rewards program targeting the urban poor (m.Paani), the largest solar light distributor in Africa (SunnyMoney) and the fastest growing company in the insect agriculture sector (Aspire Food Group), a start-up that the UN called, “a company whose time has come and has a chance to eliminate poverty.”

Last month at the 10th annual Clinton Global Initiative meeting in New York, President Bill Clinton named NanoHealth, a team from the Indian School of Business, as the 2014 Hult Prize winning start- up. 

NanoHealth was selected and announced by a live judging committee comprised of President Bill Clinton, Muhammad Yunus (Nobel laureate), Dr. Sanjay Gupta (CNN), Fadi Ghandour (Aramex), Ashish Thakkar (Mara Group) and Kathleen Rogers (Earth Day) . Working towards solving the challenge of the proliferation of non-communicable diseases in urban slums, NanoHealth created a mobile technology which reduces diagnostics costs by nearly 100x. The start-up has paired their door- to-door diagnostics capabilities with a US$4 per month micro-insurance program, creating India’s largest slum-based EMR system and disease landscape map.

President Bill Clinton, who has supported the Hult Prize since inception in 2009, has described the Hult Prize in TIME Magazine as, “one of the top 5 ideas that are changing the world.” He has gone onto say, “I love the Hult Prize, because it is a wonderful example of the creative cooperation needed to build a world with shared opportunity, shared responsibility, and shared prosperity, and each year I look forward to seeing the many outstanding ideas the competition produces.”

Founded only five years ago by Hult International Business School alumnus Ahmad Ashkar, the Hult Prize Foundation has fast tracked its way to the top, as the largest millennial movement for social impact in the world. The competition for the Hult Prize is the world’s largest international student competition with events hosted in over 100 cities globally each year. Regional Finals take place in Boston, San Francisco, London, Dubai, Shanghai and on-line, with a final USD1 million round held in New York City, hosted by President Bill Clinton at the Clinton Global Initiative annual meeting.

“We are mobilizing thousands of young entrepreneurs who are collectively spending over 2 million man hours each year on solving the world’s most pressing issues through a business lens. Endorsements from partners like Clinton, Yunus and H.E. Sh. Nahyan have really cemented our seat at the international social entrepreneurship table and we are pleased to be disrupting the sector. Our global reach is unmatched with hundreds of established university chapters and access to nearly every college student and idea on the planet,” says Ahmad Ashkar, CEO of Hult Prize.

About Hult Prize Foundation

The Hult Prize Foundation is the world’s largest start-up accelerator for social entrepreneurship and millennial movement for social impact. Founded in 2009 by Hult International Business School alumnus Ahmad Ashkar, the Hult Prize is the world’s largest student competition and the planet’s largest crowd-sourcing platform for social good. Events are hosted in over 100 cities around the world each year, with regional finals taking place in Boston, San Francisco, London, Dubai, Shanghai and on-line. The final round takes place at the Clinton Global Initiative Annual Meeting in New York City, hosted by President Bill Clinton.

The mission of the Hult Prize Foundation is to mobilize and empower the next generation of social entrepreneurs. The Hult Prize has been funded and supported by the Hult family since its inception in 2009 and sponsored by the Hult International Business School and run in partnership with the Clinton Global Initiative. For more information, please visit

About The Clinton Global Initiative

Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) is an initiative of Bill, Hillary & Chelsea Clinton Foundation that convenes global leaders to create and implement innovative solutions to the world’s most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date, CGI members have made more than 2,500 commitments, which are already improving the lives of more than 430 million people in over 180 countries. When fully funded and implemented, these commitments will be valued at $87.9 billion.

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$2.5M Endowment Connects SDSU to Brazil

The J. Keith Behner and Catherine M. Stiefel Program on Brazil will strengthen San Diego State University’s research ties and academic exchanges with Brazil.

SAN DIEGO, Calif. (Oct. 7, 2014) — A new academic program that mines the strengths of two economic powerhouse nations is taking shape at San Diego State University.

The J. Keith Behner and Catherine M. Stiefel Program on Brazil is SDSU’s first endowed academic program with an international focus.

Over the next five years, through research collaborations with major Brazilian universities, SDSU will strengthen its global leadership in public health, environmental sciences, international business and urban development.

The university will also develop new curriculum incorporating the study of Brazil in history, geography, politics and economics and will introduce a minor in Brazilian studies.

“Brazil and the United States exert tremendous economic impact in the Americas and face a host of similar challenges,” said Ramona Perez, Ph.D., director of the Behner/Stiefel Program. “Through this collaboration, we can share information and potential solutions in the areas of health, undocumented migration, food shortages, urban development and coastline degradation.”

The Brazil Program is supported by alumni J. Keith Behner, ‘71 and Catherine M. Stiefel, ‘92. The couple made a five-year pledge to establish a $2.5-million program endowment.

This is their second major contribution to The Campaign for SDSU. In 2012, a $1-million gift supported the School of Accountancy in the College of Business Administration and the Latin American Studies program in the College of Arts and Letters.

As a teen, Behner lived in Brazil for four years, and Stiefel lived in Puerto Rico as a child. Both developed a profound respect and affection for the language, culture and peoples of Latin America. They believe that Brazil, as the world’s fifth largest country with the fifth largest population and the world’s seventh largest economy, has never received the focused attention and study befitting its status as a global economic and cultural powerhouse.

With the development of the Behner/Stiefel Program on Brazil, SDSU will take its place among a small group of national research universities with significant ties to Brazil, including Brown, Columbia, Vanderbilt, the University of Pittsburgh and the University of Illinois at Urbana-Champaign.

SDSU’s program will include five areas of emphasis:

  • Curriculum building to add new undergraduate courses and graduate seminars focusing on Brazil, as well as Portuguese language courses for students and faculty
  • Research development to encourage faculty from all disciplines to begin or expand research in Brazil
  • Partnership exchanges to develop stronger exchange programs with universities in Rio de Janeiro and Sao Paulo and student internship agreements with the Brazilian business sector
  • Visiting scholar exchanges to increase interaction between U.S. and Brazilian faculty, students, Fulbright scholars and researchers
  • Special collections to create a home for the extensive archive of the Brazilian Consulate General in Los Angeles, an archive that includes 40 years of radio interviews and performances featuring major Brazilian artists.

The Behner/Stiefel Program on Brazil will be based in SDSU’s Center for Latin American Studies, but draw on faculty expertise from across the university. Faculty members from the College of Sciences, the Graduate School of Public Health and the School of Public Affairs currently conduct research in Brazil.

SDSU has also partnered with the University of California, Davis, and a consortium of five University of California (UC) campuses and seven California State University (CSU) campuses on a $2.6-million proposal for federal funding to establish a National Resource Center in Latin American Studies.

The first Brazil Program Colloquium, featuring speakers on science and health in Brazil, is scheduled for Nov. 12-14 on the SDSU campus.

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Survey: Half of Surveyed Financial Professionals Have Offered Sri Options to Clients

But Major Perception “Gender Gap” About SRI Seen Among Brokers, Investment Advisors; Broad Agreement Found that “Millennial Investors” Will Require Major Changes by Financial Industry.

COLORADO SPRINGS (October 23, 2014) – When it comes to perceptions among financial professionals about sustainable, responsible, impact (SRI) investing, men are from Mars and women are from Venus, according to the findings of the first annual “First Affirmative Survey on the Views of Financial Professionals About SRI” released today by First Affirmative Financial Network. The major new survey also finds stronger-than-expected acceptance by financial professionals of offering SRI options to investors and a widespread view that the financial industry will need to change to accommodate the needs of “Millennial Investors.”

Available online at and based on 1,913 responses to an online survey of financial professionals not normally identified as SRI practitioners, the survey is being released less than a month before The SRI Conference on Sustainable, Responsible, Impact Investing takes place November 9-11, 2014 at The Broadmoor in Colorado Springs, Colorado (, produced by First Affirmative Financial Network.

Key survey findings include the following:

  • Half (49 percent) of the responding financial professionals said they have offered an SRI option now or in the past to their clients. Of those who have done so, the #1 cited reason was requests from clients.
  • By a margin of more than two to one, survey respondents believe the financial services industry will need to change its ways to meet the needs of younger (Millennial / Gen Y) investors. Half of the survey respondents (49 percent) agreed that “the needs and interests of younger investors will have to be catered to if the industry is to thrive.” Only about one in five (21 percent) believe that “(t)oday’s younger investors are no different than aging Baby Boomers and older investors.”
  • Female financial professionals who were surveyed are much more likely than men to focus on SRI. Three out of five (61 percent) financial professionals who are women say they are now or have in the past offered SRI options to clients, compared to less than half of men (47 percent).
  • Female advisors are roughly twice as likely as men to say that SRI will become a bigger aspect of the industry in the next five years: 29 percent versus 15 percent, respectively. Women also are more likely than men to say that the financial services industry will need to change to meet the need of Millennial / Gen Y investors: 62 percent versus 46 percent, respectively.

First Affirmative Senior Vice President, Betsy Moszeter, said: “The survey results show that SRI investing has become entrenched in mainstream finance. Having reached the point where one out of two financial professionals have offered SRI options to their clients, it is clear that responsible investment strategies are now a client expectation that advisors need to be equipped to provide. We are encouraged to see that industry professionals are looking ahead and understand that the views and concerns of millennial investors will need to be addressed in coming years, and that business as usual will not be sufficient. That means the sustainable, responsible, impact investing strategies are almost certain to become even more centrally established as a go-to investment choice for millions more Americans in the years to come.”

“The survey’s findings that women in the financial world are more inclined than their male counterparts to embrace SRI is an important one and it points to where the industry will end up on this question in the long run,” said Christy Aleckson, investment representative of Single Point Financial Advisors in Portland, Oregon. “As more and more women join the ranks of financial professionals over time, the availability of SRI investment strategies for any investor will improve, and the notion of investing for positive impact will become a common practice. It is literally another instance of where women will lead the way and I’m proud to be among the pack,” she said.

Other key findings from the First Affirmative survey include the following:

  • Women who are financial professionals are more likely than their male counterparts to say that they are “very aware” of SRI: 43 percent versus 33 percent, respectively.
  • Women are more likely than men to say that they are more open to offering SRI options in the next five years: 39 percent versus 30 percent, respectively.
  • Almost a third (31 percent) of survey respondents who have offered SRI options to clients in the past believe that SRI will grow in the next five years. Under half (45 percent) think the extent of SRI investing will stay about the same. The numbers are different—17 percent and 55 percent, respectively—among all financial professionals, including those who have never offered a SRI option to clients. Fewer than 1 in 20 financial professionals (4.4 percent) expect SRI to decline in the next five years.
  • Almost three out of five (58 percent) of surveyed financial professionals not offering SRI options to clients say they have never considered doing so. The #1 reason cited by responding financial professionals who have not offered SRI options to their clients: Lack of information about / familiarity with SRI (71 percent).

First Affirmative will welcome about 550 investors and investment professionals who invest for positive impact to the 25th annual SRI Conference on November 9, 2014. The full conference agenda is available online at: . Conference participation is open to all SRI industry practitioners, investment professionals, institutional investors, and related organizations and individuals. The conference experience features an outstanding series of educational sessions and a focused opportunity to network with hundreds of like-minded individuals, organizations, and industry leaders.


First Affirmative Financial Network, LLC ( is an independent Registered Investment Advisor (SEC File #801-56587) offering investment consulting and asset management services through a nationwide network of investment professionals who specialize in serving socially conscious investors. First Affirmative produces The SRI Conference (


The 25th annual SRI Conference (, the leading North American forum for investors and investment professionals involved in SRI investing. For more information about the conference or about supporting the conference as a sponsor, please contact Krystala Kalil, at 888-774-2663 or

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GQ Honors Celebrity Ambassadors at 7th Annual Gentlemen’s Ball

NEW YORK, N.Y. (October 23, 2014) –The Gentlemen’s Fund and GQ vice president and publisher Howard Mittman celebrated the seventh annual Gentlemen’s Ball. The event honored five modern gentlemen who champion some of today’s most essential causes:

  • Andrew Garfield, for his support of Worldwide Orphans and Youth Mentoring Connection
  • Joshua Jackson, for his support of Oceana
  • Taylor Kitsch, for his support of the African Children’s Choir
  • George Lopez, for his involvement with the Lopez Foundation
  • Zachary Quinto, for his support of The Trevor Project

The men received Ambassador Awards presented by Nautica at this year’s Ball, which took place on Wednesday, October 22, at the IAC HQ, hosted by Andy Cohen.

The evening’s Leader Awards, presented by Movado, recognized social entrepreneur Sean D. Carasso, founder of Falling Whistles, an organization that sells whistles to raise money for education, advocacy, and the rehabilitation of war-affected people in Congo; F.K. Day, founder and president of World Bicycle Relief, which distributes bicycles and simultaneously supports community health care, education, and local economies; Nick Ehrmann, founder and CEO of Blue Engine, an organization dedicated to improving the odds of college completion for students from low-income families; Stephen Powell, executive director of MentoringUSA, whose passion for mentoring and community has expanded technical assistance efforts across the nation; and Barrett Ward, founder and CEO of fashionABLE, a company that creates sustainable business opportunities in Africa, with a focus on women and women-run businesses.

The Leader Awards recipients were chosen by GQ’s advisory panel: Jenna Bush Hager, contributing correspondent of NBC’s TODAY and chair of UNICEF Next Generation; Scott Harrison, founder and CEO of charity: water; Blake Mycoskie, founder and chief shoe giver TOMS; Paul Rieckhoff, founder and CEO of Iraq and Afghanistan Veterans of America; and Darnell Strom, executive of CAA Foundation.

Funds raised by the 2014 Gentlemen’s Ball will benefit Worldwide Orphans, Youth Mentoring Connection, Oceana, African Children’s Choir, The Trevor Project, and Lopez Foundation.

Additional guests at the Gentlemen’s Ball included: actors Terry Crews, David Zayas, musician Wynton Marsalis, and model Alex Minsky.


Red Carpet:


About The Gentlemen’s Fund:

Established by GQ in 2007, The Gentlemen’s Fund raises awareness for issues essential to modern men, encouraging them to become agents of change by supporting charities that champion causes important to them.

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Deliver Meals with God’s Love We Deliver on Thanksgiving morning

Brooklyn, NY, October 21,2014 – God’s Love We Deliver is seeking volunteers to deliver meals on Thanksgiving morning, November 27, 2014.

Every year God’s Love cooks and delivers special holiday feasts for their clients, their families and a guest.

“Thanksgiving is a very special day at God’s Love,” says Steven Marion, Director of Special Events and Volunteer Services. “It’s a beautiful thing to watch our community come together in celebration, to help their neighbors in need, and to spread holiday cheer!”

God’s Love We Deliver needs volunteers to help deliver Thanksgiving feasts to their clients, their families and guests. It’s a wonderful way to kick off the holiday season and a great way to give back!

In addition to delivering holiday meals, volunteers will deliver a special Thanksgiving basket filled with holiday treats.

This year, God’s Love will work with over 900 volunteers to cook and deliver over 3,000 special holiday feasts.

Sign up to register for Thanksgiving volunteering with the God’s Love 2014 Thanksgiving Registration form.

For more information on Thanksgiving volunteering, please visit For more information on volunteering, please contact God’s Love at





About God’s Love We Deliver

God’s Love is the New York metropolitan area’s leading provider of life-sustaining meals and nutritional counseling for people living with severe illnesses. Begun as an HIV/AIDS service organization, today God’s Love provides for people living with more than 200 individual diagnoses. God’s Love cooks and home-delivers the specific, nutritious meals a client’s severe illness and treatment so urgently require. Meals are individually tailored for each client by a team of Registered Dietitians, and all clients have access to unlimited nutrition counseling. God’s Love supports families by providing meals for the children and senior caregivers of its clients. All of the agency’s services are provided free of charge, and in its history of more than 29 years, God’s Love We Deliver has never had a waiting list. For more information, visit Follow God’s Love on Facebook and follow them on Twitter, @godslovenyc. God’s Love is a non-sectarian organization.

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Zell Family Foundation Donates $10 Million to The Ounce of Prevention Fund

Gift to improve quality and access to early childhood education

CHICAGO – The Ounce of Prevention Fund today announced a $10 million donation from the Zell Family Foundation to increase access to high-quality early childhood education for children from low-income families across America. The Foundation’s investment will directly support the Ounce mission to give young children in poverty the best chance of success in school and life.

Helen and Sam Zell are long-time advocates for and investors in early childhood education. Helen Zell has served on the Ounce Board of Directors since 1996 and led the organization’s first capital campaign.

“All children deserve the chance to achieve their full potential. We know the most effective way to help low-income children is by nurturing strong relationships between them and their families and caregivers, starting at birth,” said Helen Zell, executive director of the Zell Family Foundation. “The Ounce has been a leader in the early learning field for more than 30 years, and we are proud to help them expand their reach and impact to serve more families than ever before.”

As the largest individual gift in Ounce history, this investment sets a new standard for major gifts to the Ounce and early childhood organizations across the country. The funding will enable the Ounce to scale its high-quality programs and trainings that support young children’s development, especially during their most formative learning years, by:

  • Strengthening the capacity and skills of early learning professionals
  • Equipping parents with tools and supports to become leaders of their families and communities
  • Leading the early childhood education transformation by advancing quality learning policies

Ounce Vice President of Development Barbara Hoffman expressed gratitude for this gift, stating, “This is a watershed moment for the Ounce. The Zells’ consistent support and the Zell Family Foundation’s generosity will allow us to help launch brighter futures for the six million young children living in poverty across the country.” She added, “By continuing to focus on research-based program innovations, pioneering professional development models, and helping policymakers and education leaders realize the full potential of quality early learning, the Ounce is well positioned with this investment to make a concrete difference in our nation’s most important resource – its children.”

Research proves that expanding access to high-quality early childhood education programs helps to prevent achievement gaps before they start. With quality learning experiences and healthy relationships, at-risk children are more likely to grow into accomplished students, successful workers and engaged citizens.

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Global Alliance for Clean Cookstoves Announces the Cookstoves Future Summit to Spur Investment in Clean Cooking

WASHINGTON, Sept. 18, 2014 /PRNewswire/ — The Global Alliance for Clean Cookstoves announced today that it will host the first ministerial- and CEO-level Cookstoves Future Summit: Fueling Markets, Catalyzing Action, Changing Lives in New York City, November 20-21, 2014. The Summit marks an important opportunity in the Alliance’s efforts to prevent the more than 4 million deaths that occur every year from household air pollution caused by smoke from the use of open fires and traditional cookstoves. It is a critical time to investment in market-based solutions to increase the adoption of clean cookstoves and fuels to save lives, improve livelihoods, empower women, and protect the environment.

The Summit will be co-chaired by the Honorary Chair of the Alliance Leadership Council and former U.S. Secretary of State Hillary Rodham Clinton, British Parliamentary Under-Secretary of State Lynne Featherstone, Norwegian Foreign Minister Børge Brende, Ghanaian Foreign Minister Hanna Tetteh and USAID Administrator Raj Shah. As part of this unprecedented private-public partnership, national governments, global corporations, United Nations agencies, NGOs, foundations, investors, entrepreneurs, researchers, and others will mobilize to accelerate market growth for the wide-scale adoption of clean cooking solutions.

“We need to keep the Alliance going and growing,” said former Secretary Clinton. “Find more partners; expand the market; put more stoves in the hands of consumers; save more lives. That’s what the Global Alliance for Clean Cookstoves is all about, and that’s why I will continue to be an enthusiastic supporter and partner.”

At the Summit, the Alliance will transition from successfully establishing global and in-country markets in Phase 1, to driving investment and innovation to rapidly scale market-based solutions. It will seek to secure grant, investment and in-kind commitments of approximately $500 million to meet the needs of the Alliance and the broader clean cooking sector during the second phase.

Cooking smoke is a silent killer. It is the fourth worst risk factor for disease in developing countries, particularly among women and young children who spend much of their time near open fires or traditional cookstoves. What’s more, this type of cooking greatly damages the environment, emitting carbon dioxide and other pollutants at levels up to 100 times higher than the recommended limits set by the World Health Organization. Today, clean cooking technologies and fuels exist to solve this problem, but access to clean and affordable solutions remains limited, especially in the most vulnerable communities. Launched in 2010, the Alliance has made substantial progress toward its goal of 100 million households adopting clean cooking solutions by 2020.

“During our first four years, the Alliance has enabled over 20 million households to adopt cleaner and more efficient cookstoves, while leveraging significant grant and investment resources and partnerships for the sector at large,” said Radha Muthiah, executive director for the Alliance. “We are on target to reach our goal of 100 million households adopting clean cooking solutions by 2020. Now is the time for a strong renewed commitment of political and financial will and resources from the global community to scale the adoption of clean, safe, and efficient household cooking solutions.”

During the Cookstoves Future Summit, the Alliance, in concert with its 1,000 partners, will seek to secure financial and in-kind commitments to invest in the clean cookstoves and fuels market and bring them to scale. Participants will commit to concrete financial, policy, and programmatic actions to grow the clean cooking sector. Additionally, the Alliance will release the strategic roadmap for Phase 2 of the Initiative.

The one and a half day Summit will include an exhibit area for participants to view clean cookstoves and fuels, and learn more about clean cooking technologies.

For more information on the Cookstoves Future Summit, visit the Global Alliance for Clean Cookstoves website:


About the Global Alliance for Clean Cookstoves:

The Global Alliance for Clean Cookstoves is a public-private partnership hosted by the United Nations Foundation to save lives, improve livelihoods, empower women, and protect the environment by creating a thriving global market for clean and efficient household cooking solutions. The Alliance’s 100 by ‘20 goal calls for 100 million households to adopt clean and efficient cookstoves and fuels by 2020. The Alliance is working with its public, private and non-profit partners to help overcome the market barriers that currently impede the production, deployment, and use of clean cookstoves in developing countries. For more information, please visit

SOURCE Global Alliance for Clean Cookstoves

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Deutsche Bank Launches Program to Support Community Development in Underserved U.S. Regions

Program Provides USD 2 Million in Low-Interest Loans

Deutsche Bank today announced the formation of the Community Development Financial Institutions (CDFI) New Partners Program, through the Deutsche Bank Americas Foundation (DBAF) and the Bank’s Community Development Finance Group (CDFG). The Program will deploy the Bank’s philanthropic resources for community development through high-performing nonprofit CDFIs in Appalachia, Maine, Puerto Rico, Texas, Virginia, and Wisconsin.

According to the Association of Neighborhood & Housing Development, the 22 largest banks in 2010 deployed approximately USD 8 billion in CRA-motivated loans and investments in New York City. This concentration of CRA resources stands in contrast to other parts of the United States that have seen a decline in local financial services and deposits due to consolidation in the financial services industry. There has been an increasingly uneven distribution of CRA investment between U.S. regions that domicile banks and areas where local savings and loans and thrifts are fighting to maintain market share.

“Supporting and financing underserved communities across the United States is a key initiative for us, and we’re proud of our work with the local CDFIs to achieve effective economic impact,” said Jacques Brand, CEO of Deutsche Bank North America, and Chairman of the Deutsche Bank Americas Foundation.

The CDFI New Partners Program has already deployed USD 2 million in low-interest loans to six organizations, including:

  • The Entrepreneur Fund, which provides business loans and development services to low-income borrowers in 10 counties in northeastern Minnesota and Douglas County in northwestern Wisconsin
  • A non-profit Affordable Homes of South Texas, Inc. that provides affordable home mortgages and home rehabilitation loans to Hidalgo County residents in south Texas
  • The Federation of Appalachian Housing Enterprises, a network of 53 Appalachian organizations that provide affordable quality housing in the country’s most economically distressed rural communities
  • The Genesis Fund, which finances the development of affordable housing and community facilities throughout Maine
  • Pathstone, which will use the loan to support agro-tourism projects in 10 municipalities in west central Puerto Rico
  • People Incorporated Financial Services, an organization that empowers low-income individuals in rural Virginia communities through business ownership, job creation and asset development

Over the past 10 years, Deutsche Bank’s CDFG has deployed USD 1.4 billion of loans and investments in the U.S. Find out more about the CDFG here:

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Homeboy Industries $15,000 from Completing a $100,000 Matching Grant From Astanza Laser In Campaign to Expand Life-Changing Tattoo Removal Program

The milestone will take the organization halfway to its campaign goal.

Los Angeles, CA (October 21, 2014) – Homeboy Industries, the largest gang intervention, rehabilitation and re-entry program in the country, launched a campaign October 1st to raise $400,000 to upgrade and enhance its revolutionary tattoo removal program, which currently serves 3,000 former gang-members annually.

Houston-based laser manufacturer, Astanza, agreed to match the first $100,000 to help Homeboy purchase three new state-of-the-art tattoo removal machines, which will remove more ink with fewer treatments and target a larger skin surface. The campaign will also help Homeboy purchase skin-cooling machines to decrease clients’ pain associated with tattoo removal, and other equipment to help increase the organization’s tattoo removal bandwidth.

More than 365 donors have stepped up to contribute $85,000 in the last 21 days. Fully 98% of those donors gave through crowdfunding site IndieGogo. If Homeboy Industries can reach $100,000 by October 31, Astanza will release its match, taking the organization halfway to its campaign goal.

Many of the 10,000 former gang members and previously incarcerated men and women who come to Homeboy Industries each year are introduced to Homeboy through the tattoo removal program. Gang-related tattoos on the face, neck, hands and wrists are often the first of many hurdles to employment and dramatically affect how the world sees them.

“Homeboy’s tattoo removal program is a gateway to a better life through our many other programs,” states Thomas Vozzo, CEO of Homeboy Industries. “Those who arrive for ink removal generally end up staying and taking advantage of services such as life skills, anger management and parenting classes; legal referral program; job training and placement; support groups and education.”

“Our clients are done with the hate and bad decisions,” said Homeboy’s Medical Director, Dr. Paula Pearlman. “These brave people endure a long wait for an appointment and the new equipment will allow Homeboy’s staff of trained volunteer physicians to treat 50% more tattoo removal clients a year.”

Astanza’s President, Ryan N. Lambert, said “We are pleased to make a contribution of our cutting-edge Duality tattoo removal systems to this exceptional organization. Homeboy and its 40 volunteer physicians will be able to remove tattoos in significantly fewer treatments with easy-to-use technology that is chosen by leading tattoo removal clinics around the world.”

Founded over 26 years ago by Father Greg Boyle, Homeboy Industries has become a key community-based organization in Los Angeles. Each year more than 10,000 former gang members and previously incarcerated men and women are welcomed into a community that works to help them get their lives back on track. Based on a community of love, hope, kinship, and compassion, Homeboy Industries offers a wide variety of services ranging from tattoo removal and legal aid to anger management and parenting classes. During the course of a year up to 300 men and women participate in an 18-month job training program that helps them re-identify who they are in the world so they can move on to become contributing members of our communities.

To make a donation, visit,, call 323-526-1254×396 or mail to Homeboy Industries, 130 W Bruno St., Los Angeles, CA 90012.

For more information on Homeboy Industries please visit:

For more information on Astanza Laser, please visit:

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