The Hispanic Impact Fund is a signature program of Austin Community Foundation. In our work to close the opportunity gap for Central Texas’s most vulnerable populations, we know that the Hispanic communities we serve will be disproportionately impacted by the current economic downturn associated with COVID-19.
Thirty five percent of Austin residents are Latino, as are roughly 55% of our city’s school-age youth. According to Prosperity Now’s profile of the Austin area, Latino households make on average $28,102 less than their white neighbors. Given this reality, 35% of our Latino children live in poverty compared to 6% of their white classmates.
Many Latinos who work hourly-wage jobs in construction and hospitality or own and operate small businesses in Central Texas are disproportionately at risk of having to reduce hours, cut employees or close permanently — increasing the financial stress on these already economically burdened individuals still recovering from The Great Recession of 2008.
- Today, we are announcing $70,000 in rapid-response, general-operating grants to nine local nonprofit partners poised to respond to the immediate healthcare, financial, and food needs of Latino families.
- Additionally, we understand the current need for flexible capital in ensuring our nonprofit partners can both meet the current and evolving needs of their clients while also being able to weather this crisis as an organization. As such, all ongoing grants through the Fund have been converted to general operating support.
The road to financial recovery will be long for our families. However, we are committed to working with our network of partners to ensure a meaningful long-term response, and I look forward to sharing those details as more relief becomes available.
We continue to be so grateful for the generosity of Hispanic Impact Fund Investors in these uncertain times. If you’d like to further support our efforts, please consider making a gift to the Fund below.
2020 Rapid Response Partners