Category Archives: Nonprofit

Flagstar Bank Commits $1 Million to Local Communities for Black, Indigenous and People of Color-Owned (BIPOC) Businesses

Small businesses may apply for grants of $5,000.

Flagstar Bank, the primary subsidiary of Flagstar Bancorp, Inc., is keeping a promise and commitment to diversity, equity and inclusion in the communities it serves by giving $1 million in grants to help small businesses owned by Black, Indigenous and people of color whose operating expenses are impacted by COVID-19. Businesses owned by people of color have been especially hard hit by COVID-19, with nearly half of black-owned businesses shuttered by the pandemic.

Qualifying small businesses can submit applications now through Nov. 20 for grants of $5,000. Flagstar has partnered with BIPOC nonprofits in its key banking markets to vet and administer the grants.

Qualifications

Qualifications include diverse ownership, revenues of no more than $1 million, and a location within Flagstar Bank’s footprint of MichiganFort Wayne and South Bend, Indiana; and the High Desert of San Bernardino County, California. Additional qualifications, grant uses and other information are available in the application.

“We hope to combat the narrative that there is no assistance for minority-owned businesses,” said Dwan Dandridge, CEO of Black Leaders Detroit, one of the nonprofit partners. “We were founded to serve the entrepreneurs to do more with less. We are proud to team up with Flagstar to help these businesses survive, thrive and enhance the vitality of our communities.”

“We have a commitment to our communities and to keeping our promises to them,” said Alessandro DiNello, CEO of Flagstar Bank. “Reversing decades of systemic inequities is a marathon, and we are in it to the finish. These grants are an important milestone along the way to making our communities and our company better and more equitable for all.”

All business information submitted with the applications will be confidential. Businesses selected to receive grants will be notified Dec.4, with funds disbursed a few days later.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $29.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in MichiganIndianaCaliforniaWisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 29 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $227.4 billion of loans representing slightly over 1.1 million borrowers.


Corporate Contact: Susan E. Bergesen, Corporate Communications (248) 312-6237
Susan.Bergesen@flagstar.com

Source: Flagstar Bancorp, Incorporated

Former NAACP President Ben Jealous Joins People for the American Way

FOR IMMEDIATE RELEASE: WASHINGTON, DC — The boards of directors of People For the American Way and People For the American Way Foundation are honored to announce that Benjamin Todd Jealous has been selected as the next president of both organizations. Jealous will take office on June 15. He succeeds Michael Keegan, who has served as president of the organizations for 11 years and will continue to serve as a member of both boards.

Over the last decade, PFAW donations grew by more than 50 percent, the number of individual donors doubled, and the number of activists who call themselves PFAW members grew threefold. The organization has won key political victories, expanded its programs to nurture the next generation of progressive leaders, brought fresh awareness to the dangerous increase in far-right influence and influencers, and helped bring issues including democracy reform and federal judicial nominations to the fore.

Jealous brings to the organization decades of experience as a leader, coalition builder and campaigner for social justice, and the ability to combine the heart and soul of an organizer with the change-making skills of a seasoned nonprofit executive. In 2008, he was chosen as the youngest-ever president and CEO of the NAACP. During his tenure, he doubled the organization’s budget, grew its online activist base by hundreds of thousands and increased its number of donors eightfold, from 16,000 to 132,000. He also positioned the organization at the forefront of critical social justice issues such as the Trayvon Martin case, the fight against voter ID laws and major protests over the New York Police Department’s stop-and-frisk policies. He pushed for the organization to fight more aggressively for marriage equality, led efforts to register 374, 000 voters and mobilize 1.2 million new voters to the polls, and worked to pass key legislative accomplishments during President Obama’s first term, most notably the Affordable Care Act. In 2013, the Baltimore Sun named Jealous Marylander of the Year for his work on marriage equality, abolishing the death penalty and passing the DREAM Act. Jealous was the 2018 Democratic nominee for governor of Maryland, and most recently served as a partner at Kapor Capital. He is a graduate of Columbia University and Oxford, where he was a Rhodes Scholar, and he has taught at Princeton and the University of Pennsylvania.

“Michael Keegan has been a visionary political leader at People For the American Way, investing strategically in key states and constituencies. At a time when so much is riding on Americans’ engagement in the political process, I am thrilled that we are passing the baton to Ben Jealous, who has a clear vision of what we’re fighting for and how to move us forward,” said Lara Bergthold, chair of the board of People For the American Way.

“Michael Keegan has led a transformed and transforming People For the American Way Foundation, one that is raising up and supporting progressive leaders who reflect the best of all of us. Ben Jealous embodies leadership that is committed to a more just and equitable America. We have been colleagues in the struggle and I am grateful to now have him as a colleague at People For,” said Rev. Timothy McDonald, chair of the board of People For the American Way Foundation.

“Serving as president of People For the American Way has been the honor of my life, and I couldn’t be more excited to welcome Ben Jealous as our incoming president. Ben is a proven leader, and an inspiring and visionary individual who will continue building PFAW’s advocacy for progressive values and policies. I look forward to cheering Ben on and helping in any way I can at this critically important juncture in our country’s and our organization’s history. PFAW is committed to shaping a more just future for all our communities and Ben is the right person to lead us in that mission,” said Michael Keegan, president of People For the American Way and People For the American Way Foundation.

“I could not be more grateful to Michael Keegan for his leadership of People for the American Way over the past decade, nor could I feel more honored and proud to welcome its new president, the former head of the NAACP, a stalwart American, the honorable Ben Jealous,” said Norman Lear, founder of People For the American Way and People For the American Way Foundation.

“I am thrilled to be joining PFAW at this critical moment, when the people of our nation urgently need change,” said Ben Jealous, president-elect of People For the American Way and People For the American Way Foundation. “We are facing critical elections this fall. The pandemic has highlighted the necessity of finishing the work of MLK, Barbara Jordan and FDR. And the rising generation in America has made clear that we must finally and fully reform the relationship between police and our communities. I’m honored to build on PFAW’s long tradition of multiracial organizing and defending freedom, opportunity, justice and equality. With the support of our great members, staff, and board, we will win the fights we must win.”

Jealous will assume leadership of PFAW/PFAWF following an extensive nationwide search for a visionary leader to continue the organizations’ trajectory of success. Jealous’s selection comes at one of the most challenging moments in our nation’s history, as we confront the need to address the systemic racism that infects our nation, fight a global pandemic that disproportionately affects communities that have been historically marginalized, and prepare for the most consequential election of our lifetimes.

About People For the American Way

People For the American Way is a progressive advocacy organization founded to fight right-wing extremism and build a democratic society that implements the ideals of freedom, equality, opportunity and justice for all. We encourage civic participation, defend fundamental rights, and fight to dismantle systemic barriers to equitable opportunity.  Learn more: http://www.pfaw.org.

Contact: Kawana Lloyd at People For the American Way

Email: klloyd@pfaw.org

Phone Number: 240.472.2860

Source: People For the American Way