- Program Education
- Program Area Special Initiatives
- Grant Amount $997,500
- Grant Period June 1, 2008–May 31, 2018
- Location Chicago, IL, United States
- Geographic Focus United States
About this grant
ShoreBank Corporation is launching a $51,750,000 common equity fundraising effort to dramatically increase the scale and impact of its work that benefits low-income and other underserved communities by stimulating economic opportunity. This program-related investment will allow the Mott Foundation to purchase 133 shares of common stock, (2.66 Investment Units), 67 of which will have voting rights, at a cost of $997,500. This investment is being made because of ShoreBank Corporation’s enviable track record of stimulating economic opportunity for low-income people.