2021 Report to the Community

Jun 01, 2021
  • Description

As the COVID-19 pandemic was first making its impact felt in our region, we were able to assert our financial resiliency and be among the first charitable institutions in the nation to act boldly, quickly establishing a $50 million emergency fund through our subsidiary, Community Benefit Financial Company (CBFC). This platform was structured to provide desperately needed assistance to organizations as they worked to support those whose lives were suddenly buffeted by unprecedented health, economic, and racial justice challenges.

Over the ensuing months, CBFC emerged as a trusted partner to a network of frontline agencies working in collaboration with other organizations to provide financial support and emergency services throughout the region, including community development financial institutions (CDFIs) and community development corporations (CDCs).Between our responsive grantmaking and emergency fund distributions, in 2020 OBT invested more than $71 million in 900+ organizations across the region.