ESG News For Opportunity Finance Network

Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today announced the deployment of a portion of the second annual contribution related to MSIM’s money market funds’ Impact Class shares. The total amount of MSIM’s annual contribution made earlier this year, was $350,000 and was directed to OFN’s Finance Justice Fund, MSIM’s diversity and inclusion partner for the Impact Class shares.“We are pleased to see the growth and impact of our partnership with Morgan St

The Chicago Community Loan Fund (CCLF) is announcing that Calvin Holmes is stepping down as President of the organization at the end of the year.

With this second iteration of the Community Finance Innovation Fund, the Citi Foundation will support a new cohort of Community Development Financial Institution innovators

Morgan Stanley Investment Management (“MSIM”) and Opportunity Finance Network (“OFN”) today announced the first contribution related to MSIM’s money market funds’ Impact Class shares. The contribution in the amount of $250,000 was made to OFN’s Finance Justice Fund, MSIM’s diversity and inclusion partner for the Impact Class shares.“We are pleased to join Morgan Stanley Investment Management in this innovative partnership for impact,” said Beth Lipson, Interim CEO and Chief Financial Officer of

$25M grant will target racial wealth gap and persistent poverty through Finance Justice Fund

Wells Fargo today announced that it is seeking to invest up to $50 million in African American Minority Depository Institutions (MDIs). These investments are part of Wells Fargo’s commitment to supporting economic growth in African American communities where MDIs, often community based banks, provide mortgage credit, small business lending, and other banking services. Wells Fargo commends Congresswoman Joyce Beatty and Congressman Gregory Meeks for recently sponsoring legislation to enhance MDIs

Funding awarded to local Community Development Financial Institutions