Trust Talks The Chicago Community Trust

For more than a century, individuals and families have partnered with The Chicago Community Trust to transform gifts—from wills, trusts, and other vehicles—into lasting impact for our region. Through unrestricted gifts to our endowment, donors ensure that the Trust has the flexibility to respond to the region’s evolving and urgent needs. These bequests have allowed us to support our neighbors through the Great Depression, the Great Recession, the COVID-19 pandemic, and to tackle the region’s racial and ethnic wealth gap. 
In this episode of Trust Talks, we will explore how the Trust's endowment and bequests made decades ago continue to address the most pressing issues affecting our region, including our strategic focus to close the wealth gap.  This episode is hosted by Tim Bresnahan, senior director of gift planning, and features Joanne Otte, program manager for the Trust’s Addressing Critical Needs team; Cherita Ellens, president and CEO of Women Employed; and Anne Ladky, Trust Executive Committee member and donor. 

Production by Juneteenth Productions. The podcast was recorded at Creative DeCysions.

There is a long-held notion civic engagement is declining in the Chicago region. The 2010 Chicago Civic Health Index report even stated “Chicagoland’s civic health is on life support.” However, research measuring civic health tends to be rooted in a framework that focuses on voting and giving one’s time, labor, and money to formal organizations. That is only one part of the civic engagement picture. 
Under the Trust's Building Collective Power strategy, The Chicago Community Trust commissioned the Institute for Research on Race and Public Policy at the University of Illinois Chicago to dig deeper into the current civic engagement landscape in Chicago. The report, Changing the Frame: Civic Engagement Through a Racial Equity Lens, provides a broader analysis of civic life that includes a range of activities practiced by Black, Latinx, and working-class people in Chicago. In this episode, we will explore findings from the report, and the role government institutions, media, and philanthropy can play in strengthening our region’s civic ecosystem.  This episode is hosted by Maritza Bandera, program manager for the Trust's Building Collective Power team, and features Iván Arenas, associate director for community partnerships, Institute for Research on Race and Public Policy, The University of Illinois at Chicago; Brett Chase, reporter – environmental, planning, and public health, the Chicago Sun-Times ; and Sadia Sindhu, executive director, Center for Effective Government, The University of Chicago Harris School of Public Policy.

Production by Juneteenth Productions. The podcast was recorded at Creative DeCysions.

The Trust’s Catalyzing Neighborhood Investment strategy is focused on closing the region’s racial and ethnic wealth gap at the neighborhood level by fostering an environment that leads to more inclusive development in historically disinvested Black and Latinx communities. 
Last year—in partnership with Community Desk Chicago—the Trust conducted a study of philanthropy's role in supporting community ownership models for neighborhood development. We were particularly interested in learning how we could support community wealth building through the ability of residents to share ownership in commercial real estate. Not only do these models provide an alternative to raising capital that looks very different from traditional approaches, but pooling community capital also allows residents to acquire and control key assets in their own neighborhoods. 
More than 20 such developments exist or are being created nationwide. From a reclaimed business corridor in Philadelphia, to a retail mall in Portland, each project is uniquely tailored to community needs and goals. In Chicago, we've taken to calling these Community Investment Vehicles—or CIVs—for community owned commercial real estate in neighborhoods. The Trust has already committed $600,000 to this work, with the expectation that we will do more grant making in the future. In this episode of Trust Talks, you'll learn what CIVs are and the community wealth building opportunities they could create in the region.  

This episode is hosted by Chris Eagan, Program Manager for the Trust's Catalyzing Neighborhood Investment team, and features Nneka Onwuzurike, Chicago Recovery Plan Program Manager, the City of Chicago - Mayor's Office; Max Levine, CEO and Co-Founder of Nico; and Tonya Trice, Executive Director, South Shore Chamber of Commerce. 

Production by Juneteenth Productions. This episode was recorded at Creative DeCysions.

The Trust’s Growing Household Wealth Income Strategy supports closing the racial wealth gap in Chicago through a commitment to innovations in workforce development, inclusive business practices, and education. Along with reducing the debt burden of students and households in educational attainment, we prioritize implementing solutions that increase the income stability and wage growth of all Chicagoans. Workers of color make up 47 percent of the Chicagoland workforce ages 25 – 64, and 59 percent of the next-generation workforce, but Black and Latinx workers are more than twice as likely as their white counterparts to earn wages under $15/hour. Wages aren’t the only part of the story.

As we approach the 10th anniversary of the inception of the Chicagoland Workforce Funder Alliance, in this episode we examine how efforts such as CWFA are working to make the Chicago workforce ecosystem more equitable. We’ll also hear from other leaders in the ecosystem on where we are and where we can go.  This episode is hosted by Caleb Herod, program manager for the Trust's Growing Household Wealth team, and features Bela Moté, president and CEO of the Carole Robertson Center for Learning; Manny Rodriguez, co-founder and executive director of Revolution Workshop; Matt Bruce, executive director of the Chicagoland Workforce Funder Alliance; and Patrick Combs, co-CEO of the Chicago Cook Workforce Partnership. 

Production by Juneteenth Productions. Part 1 was recorded at Creative DeCysions.

The COVID-19 pandemic has uncovered the disparities created by segregation and systemic racism.  We are witnessing a taxed public health infrastructure that has been woefully underinvested in over generations. Currently, 75 percent of Chicagoans are fully vaccinated. However, the disaggregated data indicates stark disparities across race and ethnicity, with 63 percent of Latinx and 52 percent of Black Chicagoans fully vaccinated. Similarly, COVID-related hospitalizations and severe consequences, including death, disproportionately impact Black and Latinx communities. This trend extends to the county, state, and nation. The Chicagoland Vaccine Partnership is working to close the gap in vaccine rates across geographies and populations--and address the root causes of health inequity. 

The Trust’s Philanthropic Services team works with many types of donors, including individuals with Donor Advised Funds, family foundations, corporations, and those interested in giving to specific causes. The Trust advises donors on every aspect of their giving strategy. Its philanthropic advisors also leverage the Trust’s expertise and community connections to identify organizations that will make the biggest difference, ensuring donors are effectively fulfilling their philanthropic goals.

Production by Juneteenth Productions.