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March 26, 2018

Monday, March 26, 2018

New Data Tool Launches: State of the Detroit Child

The Skillman Foundation, in partnership with Data Driven Detroit (D3), has launched the State of the Detroit Child, a new data tool to provide comprehensive, easy to access information about the well-being of Detroit’s children.

“Across our city and throughout our neighborhoods parents, community leaders, and city officials alike are working hard to create a Detroit where every child thrives,” Tonya Allen, president and CEO of The Skillman Foundation said in a foundation blog. “But information that shows how a community is stacking up or falling behind can be complex, and access is often limited for those closest to issues and best able to develop solutions.”

That’s why the foundation launched the new platform which Allen says will provide data on Detroit children from birth to age 18 to help inform policymakers, foundations, nonprofits and community organizations, leading to targeted solutions.

“From third-grade literacy proficiency, to vital statistics on prenatal care and low birth weight, census data, and everything in between: when it comes to a holistic view of how Detroit is serving its children, the State of the Detroit Child platform represents a major step forward in providing the information necessary to build an equitable turnaround in Detroit’s neighborhoods,” Allen said.

This tool can provide useful data statewide, allowing you to use your current location, add a street address, a Michigan city, etc. to browse datasets for any community. It provides data from the ground level (census tract and zip code) to the bigger picture (city and congressional district) for any area in the state.

Here’s a snapshot of what we learned from browsing the tool:

  • In Alpena, about 44 percent of third graders are proficient in Language Arts.

  • In Cadillac, about 34 percent of children are living in poverty.

  • In Lansing, nearly 22 percent of households receive food assistance, which is more than 1.5 times the rate statewide which is 14.1 percent.

  • In St. Clair County, the educational attainment rate (high school degree or higher) is 89.5 percent.

While it lets you curate the data you want to view it also provides pre-populated topics you can view which includes veterans and the military; seniors; poverty; migration; health insurance and public assistance, to name a few.

“We are motivated by the learning and action the State of the Detroit Child platform has the power to create, and believe that opening access to the right information at the right time can play an important role in advancing informed decision making at every level,” Allen said.

The foundation said the tool is currently available in Beta form as they will be testing the tool and asking for feedback throughout the year.

Want more?

 Check out the State of the Detroit Child data tool.

Read more from Tonya Allen’s blog about the tool.

 

 

 

 

 

Our Communities are Changing: What You Need to Know

We’re getting a look at new data released by the U.S. Census Bureau that shows by 2035 older adults will outnumber children for the first time in U.S. history.

Demographic Turning Points for the United States: Population Projections for 2020 to 2060 further highlights the aging demographic shift we know is on the horizon.

What the data tells us:

In 2030:

  • 73.1 million Americans will be 65 and older, that’s compared to 49.2 million in 2016. This means that one in every five Americans will be of retirement age.

  • Immigration is projected to be the driver of population growth. This is because the natural population driver which is births exceeding deaths, won’t happen due to our large aging population.

In 2060:

  • There will be 95 million older adults but only 80 million children in the U.S.

  • 94.7 million Americans will be 65 and older, that’s 23 percent of the projected population.

  • The population is only expected to grow by 1.5 million each year between 2040 and 2060, compared to about 2.3 million each year now.

  • The population of those 85 and older will grow by 200 percent.

The report also highlights the shift in our workforce, with more aging Americans there will be a growth in dependency on the working age population. The report notes, “in 2020, there are projected to be about three-and-a-half working-age adults for every older person eligible for Social Security,” by 2060 that number will shrink to two-and-a-half.

“The rapid aging of the population between 2020 and 2040 will have a substantial demographic impact on the country,” the report states.

CMF recently highlighted how Ann Arbor Area Community Foundation (AAACF) is taking proactive steps to find solutions for our aging population. In November, AAACF launched an $18 million fund to support seniors living in Washtenaw County, especially those who are considered at-risk and have low incomes.

Since then, the community foundation has also launched the largest senior-focused prize competition in North America which will award prizes for innovative projects that provide actionable solutions to challenges faced by seniors, their families and caregivers.

Want more?

Connect with the Michigan Grantmakers in Aging Affinity Group. 

Take a deeper dive into the data from Demographic Turning Points for the United States: Population Projections for 2020 to 2060.

 

 

 

 

 

 

Roadmap for the Future of Impact Investing

The Global Impact Investing Network (GIIN) has released a new report: Roadmap for the Future of Impact Investing which provides immediate actions required to further accelerate impact investing to address our most pressing social issues.

“As an industry, impact investing drives the flow of much-needed capital towards solutions to the most critical social and environmental challenges facing the world today,” GIIN’s report states. “The resources available from government and philanthropy are insufficient; impact investing seeks to both bridge this gap and finance new models for addressing global problems.”

For instance, meeting the United Nations’ 17 Sustainable Development Goals by 2030 will require innovative financial solutions. GIIN shares that currently the “financial markets would need to provide an estimated several trillion dollars each year,” but GIIN says that effective impact investing could help to bridge that gap.

GIIN’s Roadmap provides immediate action steps needed over the next 5 to 7 years across the field to further catalyze and accelerate impact investing to achieve the impact investing ecosystem’s goals.

We’re sharing highlights of GIIN’s recommendations for the field to enhance the impact investing ecosystem:

  • Increase accessibility to impact investments for a broader set of individuals and institutions.

  • Develop and share best practices for impact measurement, management and reporting.

  • Launch a global campaign to raise awareness and encourage incentives and design requirements to access capital that aligns with positive impact.

  • Increase awareness of impact investing for investors and finance professionals through education and training.

  • Enhance policy and regulation, for instance, establishing tax incentives for impact investing.

These are just a few of the recommendations that the GIIN shares with impact investing, the hope is that in the future “it will be ‘normal’ to factor social and environmental impact into all types of investment decisions.’”

For those who may be interested in impact investing or new to the field, GIIN recommends:

  • Educate yourself and your colleagues about impact investing options by exploring the resources and information available. (You can view CMF’s impact investing work and resources here.)

  • Lead by example; begin aligning your assets and financial decisions with your values.

Here in Michigan, Jennifer Oertel, CMF’s Impact Investing Expert-in-Residence (EIR), said there’s emerging impact investing projects happening across the state.

“It is a very exciting time in Michigan,” Oertel said. “As CMF’s Impact Investing Expert-in-Residence, I talk with people every day, often several people, around the state that are either already active in impact investing and want to expand their practice or that are looking for advice on getting started.”

Oertel said there’s several investment products and funds under development right now in our state, one of which will focus on the environment, specifically the Great Lakes.

CMF members are engaging in impact investing to support many initiatives which include workforce and economic development.

CMF most recently highlighted how the Sturgis Area Community Foundation is leveraging mission-related investments (MRIs) to provide access to housing and catalyze economic development in our rural philanthropy video series.

"The epiphany was 'wow - this works.’ Let's do it. How can we do it more, bigger, better?” Mary Dresser, co-director, Sturgis Area Community Foundation said of their MRIs.

The Sturgis video is one of a growing collection of CMF videos that shows CMF members in action leveraging impact investing in the communities they serve to achieve social and financial returns. You can view the full collection here.

CMF members are also participating in The Michigan Collaborative, part of Community Capital Management’s (CCM) impact investing CRANX fund. The fund was recently named the best performing fund by Morningstar, an investment research firm, out of more than 250 funds.

The CRANX fund is the fund that is available for CMF members to invest in targeted fixed income investments in affordable housing, small business lending, and civic infrastructure.  This was  announced last August, Investing for Impact: The Michigan Collaborative.

Want more?

Have a question? Connect with Jennifer Oertel, CMF’s Impact Investing Expert-In-Residence.

Stay tuned for more information about an upcoming webinar this summer that will provide guidance in making impact investments and provide model documents around impact investing.

Read GIIN’s Roadmap for the Future of Impact Investing.

Learn more about Investing for Impact: The Michigan Collaborative.

 

 

 

 

 

 

MEMBER SPOTLIGHT

Vera and Joseph Dresner Foundation awards $1 million grant for new center for families in need

Content excerpted from a COTS press release. Read the full release here.

The Vera and Joseph Dresner Foundation has awarded a $1 million grant to the Coalition On Temporary Shelter (COTS), which is one of the largest providers of housing for homeless families in Detroit.

The grant will support capital expenditures for Peggy’s Place in Detroit, the new home to COTS’ emergency shelter for families and its Bright Beginnings early childhood care and development center.

Construction is currently underway on Peggy’s Place; it’s expected to open in August.

Beginning this summer, renovations will also begin on COTS's Midtown site to convert its upper floors to 56 units of two- and three-bedroom apartments, providing permanent supportive housing for formerly homeless families, funded with low income housing tax credit funds.

“The transformation not only of this building but the lives of children in profoundly positive ways is evident,” Virginia Romano, executive director of the Dresner Foundation said. “Therefore, we are pleased to support COTS’ work to provide hope, help and housing.”

“The Dresner Foundation’s gift will bring a lot of new energy to our organization,” Cheryl P. Johnson, CEO of COTS said. “We are working diligently to offer practical, real-life solutions to the homelessness crisis here in Detroit. The grant will help us focus on long-term strategies to help our families on the road to independence.”

COTS shared that on any given night in Detroit, there are 16,000 homeless people.

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