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Siemens Foundation and Northern Trust Commit Additional $10M Investment in Community Development Financial Institutions in Their Continued Effort to Support Social Equity in Underserved Communities

Siemens Foundation and Northern Trust Commit Additional $10M Investment in Community Development Financial Institutions in Their Continued Effort to Support Social Equity in Underserved Communities

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WASHINGTON–(BUSINESS WIRE)–The Siemens Foundation and Northern Trust today announced a commitment of $10 million to two Community Development Financial Institutions Funds (CDFI), PeopleFund and Disability Opportunity Fund (DOF), to support social equity and entrepreneurial success in underserved communities. This investment follows an initial $10M investment from the partners in January 2021 to two CDFIs in the affordable housing and community clinic sectors, totaling a $20 million investment

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