Tech-for-Good Innovator Resilia Partners with U.S. Bank to Help Strengthen BIPOC-led Community Development Nonprofits
New Orleans, LA. - Resilia, a tech-for-good social enterprise that develops technology tools and programs to make philanthropy more equitable, is collaborating with U.S. Bancorp Impact Finance to strengthen the capacity of Black, Indigenous, and people of color (BIPOC)-led community development nonprofit organizations throughout the country. Up to 100 organizations – identified through Impact Finance’s strategic partners – have access to Resilia’s infrastructure-building technology platform, which offers online professional development courses, 1:1 nonprofit coaching and other capacity-building resources.
“BIPOC-led and serving organizations are best positioned to make the greatest impact in the communities they serve, yet a long history of underinvestment makes it harder for them to access the funding and resources they need to do so,” said Sevetri Wilson, founder and CEO of Resilia. “We are pleased to partner with U.S. Bancorp Impact Finance to expand access to the capacity-building technology and resources grassroots changemakers need to be sustainable and focus on what matters most — building more equitable communities.”
In addition to sponsoring access to Resilia programs, Impact Finance – the division of U.S. Bank that specializes in financial solutions that help create positive impact for communities and the environment – has joined Resilia’s Elevate initiative, which also includes other major financial institutions and corporate, institutional, and community foundations nationwide. Elevate focuses on improving support for BIPOC-led and serving grassroots organizations doing frontline work to advance racial and economic equity.
“Organizations working on the ground in communities have the deepest understanding of where and why resource gaps exist and how to close those gaps,” said Phillip Sangokoya, director of Business Impact Integration for Impact Finance. “By making Resilia’s resources and support available to some of the Black, Indigenous and person of color-led nonprofits we work with, we hope to empower them to increase their impact in the communities they serve and drive greater racial and economic equity. Together we can maximize our collective impact.”
Impact Finance is an industry leader in financing projects nationwide that help build thriving communities and drive inclusive growth. For 35 years, its tax credit investments and syndications, lending and other financial solutions have helped create affordable housing, spur economic activity in underserved communities, restore historic buildings, develop renewable sources of energy and strengthen CDFIs nationwide. In 2022 it provided $321 million in capital to Black-led and -owned businesses and organizations in support of U.S. Bank Access Commitment, the bank’s long-term approach to helping close the racial wealth gap.
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About Resilia
With offices in New Orleans and New York City, Resilia is a mission-driven SaaS startup powering a digital transformation in the philanthropy sector. Resilia’s platform helps new nonprofits form and achieve tax-exempt status, builds growth capacity for established nonprofits, and enables funders (foundations, corporations, and governments) to scale nonprofit impact by providing access to on-demand coaching, online training, fundraising tools, and other technology resources.
Resilia specializes in assisting grassroots nonprofits and other organizations serving historically underserved communities. In 2022, the company launched its Elevate initiative, a first-of-its-kind national learning and action network of 60+ funders aimed at elevating the capacity and voices of BIPOC-led and serving grassroots nonprofits.
For more information, visit resilia.com
About U.S. Bancorp Impact Finance
U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank, is an industry leader in providing financial solutions that help create positive impact for communities and the environment. For 35 years, its tax credit investments and syndications, lending and other financial solutions have helped create affordable housing, spur economic activity in underserved communities, restore historic buildings, develop renewable sources of energy and strengthen community development financial institutions (CDFIs) nationwide. As of December 31, 2022, it has $40.36 billion in tax credit equity investments; $4.25 billion in lending to affordable housing and renewable energy projects, CDFIs and other community development intermediaries; and has raised $14.9 billion of federal tax equity to support social and environment projects in communities nationwide. Learn more at usbank.com/impactfinance.
