ANNUAL REPORT 2010 THE GREENLINING INSTITUTE Advocacy | Research | Leadership Development THE GREENLINING INSTITUTE Annual Report 2010 Board of Directors Greenlining Coalition George Dean, Co-Chair Allen Temple Baptist Church KHEIR Center Ortensia Lopez, Co-Chair American GI Forum La Maestra Family Clinic David Glover, Secretary Asian Business Association Latino Business Chamber of Greater Los Angeles Robert Apodaca, Treasurer Black Business Association Mexican American Grocers Association Jorge Corralejo Black Economic Council Mexican American Political Association Rosario Anaya California Black Chamber of Commerce Mission Language and Vocational School Alfred Fraijo California Hispanic Chambers of Commerce NaFFAA Yusef Freeman California Journal for Filipino Americans National Asian American Coalition Darlene Mar California Rural Legal Assistance Oakland Citizens Committee for Urban Renewal (OCCUR) Louise Perez CHARO Community Development Corporation Our Weekly Mark Rutledge Chicana/Latina Foundation San Francisco African American Chamber of Commerce Olga Talamante Chicano Federation, San Diego San Francisco Housing Development Corporation Founding Emeritus Board Community Resource Project, Inc. Search to Involve Pilipino-Americans Council of Asian American Business Associations Southeast Asian Community Center Ralph Abascal Economic Business Development, Inc. The East Los Angeles Community Union (TELACU) Leo Avila El Concilio of San Mateo County Ward Economic Development Corporation Ben Benavidez First AME Church, Los Angeles West Angeles Church of God in Christ Henry Der Greater Phoenix Urban League West Coast Black Publishers Association Alex Esclamado Hermandad Mexicana Latinoamericana Frederick Jordan Hispanic Chamber of Commerce-Orange County Guillermo Rodriguez, Jr. Hmong-American Political Association Table of Contents Message from the Executive Director ................................................ 04 Community Reinvestment ................................................ 06 Consumer Protection ................................................ 08 Bridges to Health ................................................ 10 Green Assets ................................................ 12 Leadership Academy ................................................ 14 Academy Alumni Association ................................................ 18 Claiming Our Democracy ................................................ 19 Economic Summit ................................................ 20 Communications ................................................ 22 Financial Statements ................................................ 24 The Greenlining Team ................................................ 26 Credits ................................................ 27 2010 About Greenlining 2010 At a Glance The Greenlining Institute is a national Operational Expenses: $3,699,000 policy, research, organizing, and leadership End of Year Assets: $18,150,884 institute working for racial and economic Buildings: 3 justice. We ensure that grassroots leaders FTE Employees: 18 are participating in major policy debates by Academy Students Trained: 80 building diverse coalitions that work together Coalition Members: 39 to advance solutions to our nation’s most Publications and Policy Briefs: 8 pressing problems. Greenlining builds public Unique Media Stories: awareness of issues facing communities (Internet, Print, Radio, of color, increases civic participation, and and Television) 150+ advocates for public and private policies that Website Visitors: 38,632 create opportunities for people and families Economic Summit Attendance: 1100+ to make the American Dream a reality. Meetings with Fortune 100 CEOs: 5 MESSAGE FROM THE EXECUTIVE DIRECTOR Orson Aguilar Today’s kindergarten student in California is part Communities of color are vital to the future of a class in which 70% of her peers are students of color. What kind of society do we want her to success and sustainability of California and the inherit? Will she learn in a classroom with 40 other children? Will higher education be too costly nation. It is no longer good enough to just be for her to attend? Will she have access to adequate at the table. We need to develop the menu. financial services? Will she find a good paying job with healthcare? Will she retire in dignity and have savings to pass on to her own children? These are the questions we must ask in order to create a vision Dear Friends, and strategy for the future. Historically, the United States has been a place Communities of color are vital to the future success where a strong middle class could benefit from a and sustainability of California and the nation. As seemingly endless abundance of wealth and op- a critical mass of Americans, communities of color portunities. California, in particular, was regarded need to be at the forefront of ideas and solutions to as a place without limits on the potential for human advance the American Dream for the next genera- achievement. Resources such as a tuition-free higher tion. It is no longer good enough to just be at the education allowed residents to dream of a quality table. We need to develop the menu. We no longer education. Friendly land-use policies supported represent the minority voice or just the voice of homeownership opportunities for a growing middle equity. We are the majority voice. class. Small businesses were cherished and were the cornerstone of vibrant communities. Employees Communities of color have a huge choice to make. relied on pensions to retire in comfort. We can either position ourselves to be seen as a vibrant solution to the nation’s economic woes, or We became complacent, believing that this version we can be silent and brace for the backlash. of the American Dream would automatically continue to improve far into the future. The recent At Greenlining, we have chosen to be part of the economic downturn, however, has presented new vibrant solution. We hope that you will join us. challenges where traditional means of achieving Sincerely, the dream are rapidly becoming less viable. The so- called recession created a depression in communities Orson Aguilar of color and it will take us years to climb out of the Executive Director rampant unemployment and historic loss of wealth that we are witnessing. 4 By 2043, more than 50% of U.S. residents will be non-white. (U.S. Census) For every dollar of wealth owned by a white family, an African American or Latino family owns just 16 cents. California Demographics, now and future Current California race demographics 2040 projected California race demographics 42% 29% 5.8% 4.47% 37% 48% 11% 13% .61% .72% White Black Latino Asian Native American 5 COMMUNITY REINVESTMENT Closing the racial wealth gap by ensuring that economic opportunities are available to communities of color. 2010 Accomplishments Authored diversity language that was inserted into of the Currency Acting Comptroller John Walsh, the Dodd-Frank Wall Street Reform and Consumer Senator Barbara Boxer, and many other key officials. Protection Act and successfully advocated for the Held a public forum on the economic insecurity of creation of the Consumer Financial Protection Bu- seniors of color. reau and Offices of Minority and Women Inclusion. Planned a public forum on foreclosed homes in Organized Let’s Do Business 3, a business confer- Los Angeles with 7 major banks to discuss creative ence where 400 small business owners met with ways for community groups to acquire properties over 70 first-tier prime suppliers and corporations and stabilize communities. to seek business opportunities. Multiple contracts were provided to minority small businesses as a Hosted a private lunch in Los Angeles with J.P. result of this conference. Morgan Chase CEO Jamie Dimon and over 150 non-profit leaders. Testified at the Federal Reserve hearings on the Community Reinvestment Act and Home Mortgage Published 4 reports examining: bank overdraft Disclosure Act. fees, home-lending to communities of color, the implementation of Offices of Minority and Led two coalition meetings in Washington DC to Women Inclusion, and the economic insecurity of meet with Federal Reserve Chairman Ben Bernanke, seniors of color. House Financial Services Committee Chairman Barney Frank, Federal Deposit Insurance Corpora- tion Chairman Sheila Bair, Office of Comptroller 6 Widespread foreclosures have drained an estimated $350 BILLION from rson Aguilar (Photo: communities of color. O $ $ $ $ $ $ $$ $$ $$ $ $$ $$ $ $ $$$$ $ $ $ $ $ Elizabeth Warren of the Consumer Financial Protection Bureau and Teresa García, courtesy of MEDA SF) $ $ For every 100 11 have lost their homes or are African Americans, at risk of foreclosure. For every 100 17 have been touched by Latinos, foreclosure. Of the 25 million+ U.S. households National Unemployment Rates that do not have bank accounts... National Average: 9.8% 46% 34% are are Latino African African American: 16% Latino: 13.2% Asian: 7.6% White: 8.9% American U.S. Department of Labor Statistics, Nov 2010 Let’s Do Business 3 participants (Photo: Juan Alaniz) 7 CONSUMER PROTECTION Empowering communities of color through energy, telecommunications, and technology policy. In 2010, low income households across California received nearly No electric, gas, or telephone 4 million notices of company provides billing in a impending shut-offs language other than English. of their electric or gas service for failure to keep up with their monthly payments. Nearly 40% of Californians speak