$1 Million Grant to Help Scale Nonprofit’s Work
in Chicago
The inaugural Northern Trust Anchor Award—a grant from Northern
Trust of up to $1 million to boost the impact of innovative
nonprofit organizations with strong growth potential—will go to
Chicago-based Nourishing Hope.
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The Northern Trust Anchor Award (Photo:
Business Wire)
The Anchor Award aims to build the capacity of highly effective
nonprofit organizations with a grant designed to strengthen
infrastructure, systems, skills and resources. The Award is a new
facet to Northern Trust’s nearly 135-year history of philanthropic
support, including nearly $170 million over the past decade.
Northern Trust’s global philanthropic strategy focuses on
broadening opportunities for financial success with support in four
areas of fundamental need: accessible healthcare, affordable
housing, quality education and food security. In Chicago, the
strategy aims to support youth on the South and West sides at a
pivotal stage of life — 16 to 24 years old.
“Nourishing Hope has a compelling model of ‘Food for today. Hope
for tomorrow,’ and it provides food, mental health counseling and
social services to tens of thousands of Chicagoans every year,”
Northern Trust Chairman and Chief Executive Officer Michael O’Grady
said. “We are pleased to play a role in expanding the scope and
scale of a compassionate, results-based nonprofit organization
addressing fundamental human needs.”
Chicago-based Nourishing Hope, formerly known as Lakeview
Pantry, was founded in 1970. Its mission is to eliminate hunger and
poverty in its communities, empower clients to gain independence
through innovative social service programs, and raise awareness of
hunger and poverty while working towards solutions.
“We’re deeply honored to receive the first-ever Anchor Award
from Northern Trust, a transformative investment in our work and
impact,” Nourishing Hope CEO Kellie O’Connell said. “It’s a true
testament to the hard work of our staff, volunteers and partners.
This award will serve as a catalyst for our growth to serve more
young people on Chicago’s South and West Sides.”
Currently, Nourishing Hope provides approximately 5 million
pounds of food per year to more than 50,000 households in Chicago.
The one-time award will allow Nourishing Hope to scale up and build
capacity in a variety of ways to serve unmet needs of young people
in underserved communities in Chicago.
Specifically, the improvements made possible by the award will
include hiring additional staff, adding a vehicle to increase food
deliveries, improving software and systems that build capacity,
growing new partnerships through Nourishing Hope’s innovative
online market program, and exploring the feasibility of opening a
new food pantry location on the South Side.
“In the process leading up to this grant, we reviewed many
high-quality nonprofits leading to four top-notch finalists fitting
our philanthropic goals,” Northern Trust Director of Corporate
Philanthropy Shana Hayes said. “Ultimately, our leaders were
impressed by Nourishing Hope’s thoughtful plan to scale operations
and partnerships for our young people in underserved communities in
Chicago—including items such as expanding its geographic coverage
to reduce ‘food deserts,’ increasing the number of meals served,
and making their website available in Spanish.”
Northern Trust has a long history of groundbreaking
philanthropic support. In 1893, Northern Trust founder Byron L.
Smith seeded a relief fund for victims of a devastating fire that
broke out at the World’s Fair. Since then, Northern Trust’s
charitable footprint has helped establish Chicago’s nonprofit
pillars such as The Art Institute, Field Museum, United Way of
Metro Chicago, Metropolitan Family Services, Noble Schools and
Braven.
Northern Trust invited select past or current Northern Trust
Foundation grantees to participate in the Anchor Awards process.
The Anchor Award aims to provide support to highly effective
nonprofit organizations by granting up to $1 million to build their
capacity by strengthening infrastructure, systems, skills and
resources.
Three organizations received honorable mentions
- Chicago Furniture Bank is the largest furniture bank in
the country. It is growing rapidly and has quickly become a
critical resource in procuring and providing furniture to support a
network of 400+ community-based organizations and thousands of
clients each year.
- Chicago Scholars works with academically ambitious,
first-generation college-going students who live and attend high
school in Chicago. When these students persist through a seven-year
program, they not only get through college — they build futures
where they can truly thrive.
- Genesys Works' provides pathways to career success for
high school students in underserved communities through skills
training, meaningful work experiences, and impactful
relationships.
“We congratulate all the Anchor Award finalists,” Hayes said.
“They all are exemplary organizations that further advance our
mission to serve young people from Chicago’s South and West sides
by supporting their needs and putting them on to the path of
long-term financial well-being.”
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider
of wealth management, asset servicing, asset management and banking
to corporations, institutions, affluent families and individuals.
Founded in Chicago in 1889, Northern Trust has a global presence
with offices in 25 U.S. states and Washington, D.C., and across 22
locations in Canada, Europe, the Middle East and the Asia-Pacific
region. As of September 30, 2023, Northern Trust had assets under
custody/administration of US$14.2 trillion, and assets under
management of US$1.3 trillion. For more than 130 years, Northern
Trust has earned distinction as an industry leader for exceptional
service, financial expertise, integrity and innovation. Visit us on
northerntrust.com. Follow us on X (formerly Twitter) @NorthernTrust
or Northern Trust Corporation on LinkedIn.
Northern Trust Corporation, Head Office: 50 South La Salle
Street, Chicago, Illinois 60603 U.S.A., incorporated with limited
liability in the U.S. Global legal and regulatory information can
be found at https://www.northerntrust.com/terms-and-conditions.
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Doug Holt Northern Trust (312) 557-1571 Doug.Holt@ntrs.com
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