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.

Three Affordable Housing Organizations in Illinois Explore a Merger

Three organizations working in affordable housing in Lake County, Illinois wished to determine if merging would help with long-term sustainability and program expansion. Lake County Residential Development Corporation, Affordable Housing Corporation of Lake County and Community Partners for Affordable Housing offer complimentary affordable housing programs in adjacent geographies in the “lakes” region of Illinois just outside of Chicago.  An engagement to explore a merger was partially funded by a grant from The SeaChange-Lodestar Fund for Nonprofit Collaboration.

Grant Information

Grant Amount
$9,000
Year Granted
2018
Grantee
SeaChange Capital Partners
Location
IL - Illinois