
Latino Community Foundation Surpasses $7 Million in Grantmaking This Year with New Investments in Grassroots Power Building
SAN FRANCISCO--(BUSINESS WIRE)--The Latino Community Foundation (LCF) has announced $3.4 million in new strategic grants this quarter—bringing its total grantmaking in 2025 to over $7.4 million, the highest in the Foundation's history. This groundbreaking achievement reflects LCF's deep and ongoing commitment to building long-term civic and economic power in Latino communities.
LCF's new grants support Latino-led grassroots organizations tackling the most urgent issues head-on: leading wildfire recovery in Los Angeles, creating pathways to economic mobility, and mobilizing voters—using tools like community outreach and cultural storytelling to shift narratives and inspire civic action ahead of the 2026 midterm elections.
'At a time when Latino communities face overlapping crises, the Latino Community Foundation is doubling down on our investment in grassroots leadership,' says Julián Castro, CEO of the Latino Community Foundation. 'That includes our ongoing support for wildfire recovery in Los Angeles, where local leaders are working toward a just recovery while protecting our most vulnerable families from overzealous immigration enforcement. We're proud to stand shoulder to shoulder with leaders who know their communities best and are building a more just, resilient and equitable future.'
LCF is investing $1.3M in economic justice and civic leadership, including $300,000 to support the second cohort of PoderArte, LCF's strategic initiative to strengthen cultural organizing and civic engagement through the arts. Another $676,000 is directed to organizations building economic power through workforce development, entrepreneurship, and cooperative ownership, ensuring Latino workers and entrepreneurs have a clear pathway to economic mobility.
Through the California Wildfire and Disaster Relief Fund, LCF has awarded over $2 million to eight frontline organizations including the Coalition for Humane Immigrant Rights (CHIRLA), Inclusive Action for the City, and the National Day Laborer Organizing Network (NDLON), and offers to lead long-term wildfire recovery efforts in Los Angeles. Beyond their recovery work, these organizations have also gained national attention for supporting immigrant communities affected by the LA ICE raids, connecting them to legal aid and other critical resources. With this latest funding, LCF's total investment in wildfire recovery since January now tops $4.1 million.
In response to escalating threats against immigrant communities, LCF recently mobilized $175,000 in urgent grants to trusted grassroots organizations defending immigrant rights and providing rapid legal aid across California. Since the 2024 election, LCF has awarded over $500,000 to support immigrant rights and legal services, reflecting its unwavering commitment to these communities.
As LCF deepens its investment in Latino communities, it also welcomes new leadership at the helm of its board. The Honorable Lydia Villarreal has been named as its new Board Chair, succeeding longtime board leader Dan Skaff. Villarreal is a retired judge and longtime advocate for farmworker justice with decades of experience serving communities across California. 'I am deeply honored to join hands with the Latino Community Foundation at such a critical time, as we advance the mission to build the civic and economic power of the Latino community,' said Villarreal. 'Speaking on behalf of the board, we are proud to support the work of our community partners, guided by love, culture, and power.'
About Latino Community Foundation
The Latino Community Foundation (LCF) is on a mission to unleash the civic and economic power of Latinos. LCF has the largest network of Latino philanthropists in the country and has raised over $100 million to build Latino civic and political power. It is the largest Latino-serving foundation in the nation. In 2023, LCF named former U.S. Housing and Urban Development Secretary Julián Castro as its CEO. For more information, please visit latinocf.org.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2025
OLD GREENWICH, Conn., June 26, 2025--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today announced an estimated book value per share of common stock of $13.41 as of May 31, 2025. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, to be paid on June 30, 2025 to holders of record on May 30, 2025, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject to change upon completion of our month-end and quarter-end valuation procedures relating to our investment positions, and any such change could be material. There can be no assurance that our estimated book value per common share as of May 31, 2025 is indicative of what our results are likely to be for the three- or six- month periods ending June 30, 2025 or in future periods, and we undertake no obligation to update or revise our estimated book value per common share prior to issuance of financial statements for such periods. This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as "believe," "expect," "anticipate," "estimate," "project," "plan," "continue," "intend," "should," "would," "could," "goal," "objective," "will," "may," "seek" or similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future operations, business strategies, performance, financial condition, liquidity and prospects, taking into account information currently available to us. These beliefs, assumptions, and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to us. If a change occurs, our business, financial condition, liquidity, results of operations and strategies may vary materially from those expressed or implied in our forward-looking statements. The following factors are examples of those that could cause actual results to vary from our forward-looking statements: changes in interest rates and the market value of our investments, market volatility, changes in mortgage default rates and prepayment rates, our ability to borrow to finance our assets, changes in government regulations affecting our business, our ability to maintain our exclusion from registration under the Investment Company Act of 1940, our ability to maintain our qualification as a real estate investment trust, or "REIT," and other changes in market conditions and economic trends, such as changes to fiscal or monetary policy, heightened inflation, slower growth or recession, and currency fluctuations. Furthermore, forward-looking statements are subject to risks and uncertainties, including, among other things, those described under Item 1A of our Annual Report on Form 10-K, which can be accessed through our website at or at the SEC's website ( Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected or implied may be described from time to time in reports we file with the SEC, including reports on Forms 10-Q, 10-K and 8-K. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. This release and the information contained herein do not constitute an offer of any securities or solicitation of an offer to purchase securities. About Ellington Financial Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans and mortgage-backed securities, reverse mortgage loans, mortgage servicing rights and related investments, consumer loans, asset-backed securities, collateralized loan obligations, non-mortgage and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments. Ellington Financial is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. View source version on Contacts Investors:Ellington FinancialInvestor Relations(203) 409-3575info@ orMedia:Amanda Shpiner/Grace CartwrightGasthalter & Ellington Financial(212) 257-4170ellington@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Wire
36 minutes ago
- Business Wire
Gold Resource Corporation Closes US$6.28M Debt Facility
DENVER--(BUSINESS WIRE)--Gold Resource Corporation (NYSE American: GORO) (the 'Company'), along with its wholly owned subsidiary, Don David Gold Mexico ('DDGM'), is pleased to announce the execution of a loan agreement with Francisco Javier Reyes de la Campa and Jaluca Limited in the amount of US$6.28 million, to be used for working capital. 'The funds from this loan will allow us to develop and begin production from the new Three Sisters area of our Don David Gold Mine,' said Allen Palmiere, the Company's President and CEO. 'Additionally, we will be purchasing replacement mining equipment and funding upgrades in the mill. This loan and the proceeds of equity issuances earlier in the year provide us with the capital to execute on our plans to increase productivity and profitability.' In connection with the loan agreement, the Company has also issued a common stock purchase warrant to an affiliate of Mr. Reyes de la Campa for the purchase of up to 1,500,000 shares of the Company's common stock at an exercise price per share of $0.65. The warrant is exercisable immediately upon issuance and expires on June 26, 2027. The warrant provides for customary adjustments in the event of stock dividends, splits and the like, and includes terms relating to the occurrence of a fundamental transaction, such as a merger, reorganization or recapitalization. Key Facility Details The key terms of the facility include the following: Facility Amount – US$6,280,000 Term – 18 months, with maturity date of December 26, 2026 Interest Rate – Secured Overnight Financing Rate ('SOFR') plus 5% per annum Repayment – Principal amount of the loan, all accrued interest, and all other obligations are due and payable in full, if not paid earlier, on the maturity date Warrant – Provides for the issuance of warrants for 1,500,000 shares of the Company's common stock for an exercise price per share of $0.65 and expires on June 26, 2027. About GRC: Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Base metals, critical to the United States, are also produced as a by-product. Under the direction of an experienced board and senior leadership team, the Company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine in Oaxaca, Mexico and to develop the Back Forty Project in Michigan, USA.


Business Wire
37 minutes ago
- Business Wire
DNOW Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of DNOW Inc. is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of DNOW Inc. (NYSE: DNOW) and MRC Global Inc. is fair to DNOW shareholders. Upon completion of the proposed transaction, DNOW shareholders will own approximately 56.5% of the combined company on a fully diluted basis. Halper Sadeh encourages DNOW shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether DNOW and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for DNOW shareholders; and (2) disclose all material information necessary for DNOW shareholders to adequately assess and value the merger consideration. On behalf of DNOW shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.