Skip to content
  • Happy Health
  • Happy Mindset
  • Animal Wonders
  • About Us
    • Team
  • Subscribe
Menu
  • Happy Health
  • Happy Mindset
  • Animal Wonders
  • About Us
    • Team
  • Subscribe
Happy News

Generous Donation of Over $103M to Boost Native Financial Institutions

Philanthropist MacKenzie Scott has made a historic contribution to Native community development financial institutions (CDFIs), awarding more than $103 million in unrestricted funding. This landmark investment is one of the largest single contributions to Native financial institutions and is set to create lasting impacts in Indigenous communities nationwide.

Thirty Native-led and Native-serving CDFIs received grants ranging from $1 million to $13 million, with the Citizen Potawatomi Community Development Corporation in Oklahoma receiving the largest disclosed grant at $13 million. These funds will be used to expand access to affordable housing, business loans, clean energy initiatives, and financial education in Native communities.

Scott’s approach allows Native CDFIs to strengthen their operations with unrestricted funding, empowering them to directly address community needs. “No one knows better how to build up Native communities than Native CDFIs,” said Pete Upton, CEO of Native CDFI Network. This support builds on Scott’s previous philanthropy, which has provided $132.5 million to Native-serving nonprofits since 2020.

This funding arrives in a philanthropic landscape where less than 0.5% of large foundation grants traditionally go to Native American nonprofits. Leaders like Ted Piccolo, a pioneer in Native CDFIs, called the scale and speed of Scott’s donation “unprecedented,” highlighting its potential to foster resilience and economic prosperity in Native communities.

PrevPreviousVirginia Zoo Welcomes Adorable Pygmy Hippo Calf
NextToronto Man Builds Tiny Mobile Homes for UnhousedNext

Recent Articles

Happy News

What 150 Strangers Discovered By Screaming Together In Austin

October 18, 2025

Every Sunday evening, something unexpected happens on Austin’s Pfluger Pedestrian Bridge as crowds gather not for a concert or celebration, but for something far more cathartic. Scream Club Austin invites locals to release their frustrations through collective screaming sessions that have drawn up to 150 people since launching in September.

Read More
Happy News

What Michigan Just Did For New Mothers Is Unprecedented

October 18, 2025

Michigan’s Rx Kids program, which gives pregnant women $1,500 mid-pregnancy and $500 monthly for their baby’s first year, just received a $270 million boost in the state budget that will allow it to expand from 11 communities to dozens more and reach approximately 100,000 babies over the next three years.

Read More
Happy News

Defeating Tumors With Sound Waves

October 18, 2025

PhD student Zhen Xu was testing high-frequency sound waves on pig hearts in the early 2000s when annoyed lab mates complained about the noise, prompting her to increase the pulse rate to bring it outside human hearing range, and to her shock, the faster microsecond pulses were not only quieter

Read More
« Previous Next »
  • Privacy Notice
  • Accessibility Notice
  • Do Not Sell or Share My Personal Information
  • Unsubscribe
  • Terms and Conditions
  • Privacy Policy
  • Privacy Notice
  • Accessibility Notice
  • Do Not Sell or Share My Personal Information
  • Unsubscribe
  • Terms and Conditions
  • Privacy Policy
Copyright © 2025 HappyNews.