Leveraging Philanthropy and Collaboration

The Lodestar Foundation seeks to expand the overall capacity of the social sector by promoting philanthropy, volunteering, public service, nonprofit collaboration and other business practices.

Merger of Community Development Financial Institutions

Mile High Community Loan Fund (MHCLF) and Funding Partners for Housing Solutions (FP) were Community Development Financial Institutions (CDFIs) in Colorado.  MHCLF and FP worked in close-collaboration over the years to maximize availability of capital for the benefit of low and moderate-income households across Colorado.  SeaChange-Lodestar Fund for Nonprofit Collaboration provided a grant for the two entities to consolidate governance and management activities, while retaining their individual brands. In removing operational redundancies, the resulting organization has been able to recognize efficiencies to better leverage resources, while retaining the goodwill that led to their individual success. 

Grant Information

Grant Amount
$10,000
Year Granted
2016
Grantee
Mile High Community Loan Fund (MHCLF)
Location
CO - Colorado