Economic Prosperity

The Community Foundation supports a variety of evidence-based programs designed to increase economic prosperity in the region, including safe and affordable housing, effective workforce development and financial literacy programs.

Underscoring the importance of these services is the continued cycle of inter-generational poverty in Richmond and other under-served communities across the region. As a result, these residents are at greater risk of homelessness, incarceration and emergency medical needs.

Our priority is to support systems and initiatives that empower individuals and families to secure stable housing, build skills and seek resources that help them achieve good health, successful educational outcomes and economic potential.

Our goals:

  • Residents have opportunities to access and maintain safe and affordable housing in thriving, sustainable communities.
  • Residents are able to build the knowledge, skills and resources they need to attain financial independence and pursue career opportunities.

Download our logic model for Economic Prosperity

Housing Opportunities Made EqualHousing Opportunities Made Equal

Recent Grants

Winter 2017

$50,000 to support the CARITAS Shelter and Case Management Program.

Goodwill of Central and Coastal Virginia, Inc.
$50,000 to support Business Development integration and Customer Service certification training.

Greater Richmond Bar Foundation
$25,000 to expand the Pro Bono Clearinghouse program.

$150,000 (over 3 years) to support the convening and coordinating of 30+ public and nonprofit homeless service providers.

Housing Families First
$30,000 to provide families and single women experiencing homelessness with permanent housing and stabilization services.

Junior Achievement of Central Virginia 
$50,000 to support programming to tenth-grade students and sponsor of the Philanthropy Center at Junior Achievement Finance Park.

Neighborhood Resource Center
$35,000 to support NRC Works as well as youth development programs for individuals and families in Greater Fulton.

Sacred Heart Center
$40,000 to build organizational infrastructure to grow and serve the Latino population in Greater Richmond.

Virginia Supportive Housing
$50,000 to support permanent supportive housing services to ensure formerly homeless individuals remain stably housed.

Summer 2016

Children's Home Society of Virginia
$14,500 to support the purchase of a van for the Possibilities Project.

Children's Home Society of Virginia SisterFund
$20,000 to support the Possibilities Project, a collaboration with Better Housing Coalition to provide trauma-informed supports including access to education, safe housing and life coaching for young women aging out of the foster care system.

Initiatives of Change
$25,000 to support The Center for Community Trustbuilding, which offers a suite of programs led by nationally recognized facilitators, practitioners, community activists and scholars with the purpose of promoting trust and facilitating dialogue that lead to racial reconciliation.

James River Association
$25,000 to implement recreational access, river-based business development, and tourism recommendations of the Regional Rivers Plan. 

Local Initiatives Support Corporation - Virginia Office
$50,000 to support neighborhood revitalization activities in Richmond's Northside, including the Financial Opportunity Center, a community safety initiative and a corridor revitalization strategy. 

Neighborhood Resource Center
$20,000 to hire a consultant to facilitate both an organizational assessment and strategic planning process to update NRC's three-year strategic plan. 

Partnership for Housing Affordability
$50,000 to the support the formation of the Maggie Walker Community Land Trust, including contractors to assist with community engagement and administration, community meetings and materials, and land acquisition and holding fees. 

St. Joseph's Villa
$60,000 to support continued provision of rapid rehousing services in Richmond and the Tri-Cities, placing households in permanent housing with time-limited financial assistance and stabilization services. 

See Our Impact

Upon learning Virginia is 50th in the nation for the rate at which youth age out of foster care, we could not stand by without doing something. Learn how our support of The Possibilities Project is helping transform the lives of these vulnerable youth.

Creating Lasting Impact

Link on the icons below to learn how TCF is advancing change in these other focus areas.