EMERGING REGION!
Philadelphia AFN is an emerging region that has begun to collaborate with grantmakers committed to promoting equitable wealth building and economic mobility. The region engages with private, public, corporate, and community foundations, along with public-sector funders and financial institutions, dedicated to securing economic stability for the region and its surroundings.
Philadelphia AFN aims to facilitate connections among funders, nonprofits, and the public and private sectors. Through ongoing collaboration, the region will share insights on promising programs and effective strategies, improve grantmaking practices, and collectively increase asset-building investments.
If you want to join this evolving chapter, please contact Kristin Savage.
Upcoming Events
January 16, 2025 @ 1:00 pm - 4:30 pm EST : Innovations in Baby Bonds
In partnership with the Federal Reserve Bank of New York and the Institute on Race, Power, and Political Economy at The New School, AFN presents … REGISTER
CLICK HERE for more information and resources from our past events.
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Upcoming Events
Steering Committee
Lincoln Financial Group
Wells Fargo Foundation
Vanguard
WOMEN’S WAY
Women's Opportunities Resource Center (WORC)
Citi Foundation
Vanguard
William Penn Foundation
Chapter Highlights
Racial homeownership gap persists in Philly metro, analysis finds
The homeownership gap between Black and white Philadelphians persists despite an uptick in the number of Black renters who are able to afford a mortgage, according to real estate giant Zillow.
The finding suggests the metro’s homeownership gap is the result of systemic roadblocks that go beyond income, according to a report released last week. For example, lenders tend to deny more Black applicants seeking mortgage loans, often due to factors related to credit and debt. Black renters also tend to have less access to generational wealth, in part because of the racial homeownership gap. Continue reading…
How We Work
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Inform: Highlight promising practices, key issues, and innovations in the field through funder-only dialogues as well as other convenings. Members provide an insightful regional voice to inform national conversations.
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Connect: Members learn from each other and from other organizations as they seek solutions to local challenges related to asset-building.
- Influence: Engage key stakeholders to grow their knowledge and support. This includes efforts to raise the visibility of asset-building within the broader community of foundations, public-sector funders, and financial institutions.
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Build: We seek to build the number of grantmakers and resources focused on strategies and investments for low and moderate income people to build and protect assets increasing economic opportunities and prosperity. AFN staff spend time one-on-one with local grantmakers to learn, share, encourage participation, align strategies, and increase ROI.
Thank you to Wells Fargo, the initial sponsor for this region.
