Today the Conrad N. Hilton Foundation announced that it will award $7.8 million to the Home For Good initiative! Over the course of three years, this grant will be used to distribute $5.5 million to nonprofit organizations funded under the Home For Good Funders Collaborative. The award will also support United Way's efforts to build public will through their annual HomeWalk, a 5K run/walk to end homelessness, and improve coordination among key players in the fight to end chronic and veteran homelessness in Los Angeles.
"We know permanent supportive housing works," said Steven M. Hilton, Chairman, President & CEO of the Conrad N. Hilton Foundation. "Philanthropy can play a key role in bringing together very different players to address a complex issue such as ending homelessness. Home For Good demonstrates that funding partnerships can leverage and align funding, and increase coordination between public and private sectors."
The Hilton Foundation has long been a supporter of United Way of Greater Los Angeles' and the Los Angeles Chamber Commerce's work to address homelessness. In 2010, the foundation provided funding for the initial launch of Home For Good and, in 2011, helped seed the Home For Good Funders Collaborative through a $1 million challenge grant. In response to the announcement of the $7.8 million grant United Way's CEO, Elise Buik, said "These funds will change the lives of thousands of our homeless neighbors and allows us to broaden and deepen our work to engage all sectors in this effort."
Click HERE for the full press release.