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Program Related Investment

ShoreBank Corporation

  • 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.