THE OPPORTUNITY 

 

The United States is in a moment of unprecedented public spending that has the potential to benefit virtually every issue that the philanthropic sector supports. Together, the American Rescue Plan (ARP), the Infrastructure Investment and Jobs Act (IIJA), and the Inflation Reduction Act (IRA) will deploy $3.8 trillion to American communities––with built-in opportunities to advance racial equity through two Racial Equity Executive Orders, the first signed in January 2021 and the second signed in February 2023, as well a the Justice40 Initiative. While these historic investments have the potential to transform the lives of millions of low-income and underserved Americans and their families, that potential can only be met with strategic philanthropic co-investments to advance economic, climate, workforce, and equity goals. 

 

Responding to this once-in-a-generation opportunity, Hyphen spearheads initiatives to engage philanthropy in leveraging historic federal funding and maximizing the impact for underserved communities. These include: 

 

• The Fund for Inclusive Entrepreneurship: A Collaboration with the Department of Treasury

• The White House Community Violence Intervention Collaborative (CVIC)

• Strategic Communications Project: Federal Infrastructure Investments for an Equitable Future

• Maximizing the Impact of the State and Local Fiscal Recovery Funds: A Collaboration with the Department of Treasury

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