We’re announcing a new initiative that dramatically expands and deepens our investments in four California communities – Fresno, Salinas, Riverside, and San Bernardino – and expects to add Stockton in a future phase of grantmaking in 2021. The goal: to create local economies that work for all residents.
Nonprofit organizations have been included in a federal stimulus package for the first time, and we believe the loans offered by the program are an efficient and substantive way to invest in the nonprofit workforce – and cover operational costs in the short term.
The COVID-19 pandemic has quickly impacted all aspects of society and all of our lives. We at the Irvine Foundation also know that the virus and the impending recession is disproportionately endangering Californians who were already struggling to make ends meet.
As I reflect on 2019, I see encouraging signs that California is taking real steps forward to address economic inequality and increase opportunity for working people, particularly those earning low wages.