The Community Preservation Corporation (CPC) has received a significant boost with a generous $15 million donation from MacKenzie Scott’s “Yield Giving” fund. Led by Scott, this fund provides support to nonprofits worldwide. This substantial gift will greatly aid CPC in fulfilling its nonprofit mission of financing affordable and workforce housing, allowing for the expansion of its programs and initiatives.
“We are extremely grateful to MacKenzie Scott for her remarkable investment in the Community Preservation Corporation,” stated Rafael E. Cestero, CEO of CPC. “Her faith in our organization and dedication to our mission is truly appreciated.” As we approach 2024 and celebrate our 50th year of service, this donation serves as motivation to continue creating more equitable, sustainable communities.
This article was originally published on Connect CRE.
