Shared Prosperity

June 2018

2018 Annual Dinner: Grappling with Race and Equity

2018-07-27T15:55:32+00:00June 22nd, 2018|Civic Leadership, Press Release, Shared Prosperity|

At Cambridge Community Foundation’s annual dinner on May 8, 2018, long-time resident and WGBH journalist Callie Crossley served as the Master of Ceremonies and introduced Harvard professor Brandon Terry, CCF President Geeta Pradhan, and Chairman of the CCF Board Rick Harriman to a capacity crowd of civically minded residents, who came to support the values of Cambridge and the Foundation. Powerful words were shared, and friendships were formed and renewed. Crossley spoke about how Cambridge, a vibrant and ever-growing community, is becoming increasingly inaccessible for those with less wealth. “We are a city with open arms and offer enviable resources - but the financial challenges of living here continue to grow,” she said, adding that 14% of Cambridge residents and 17% of young people here live in poverty. Reflecting on the 50-year anniversary of Martin Luther King’s untimely slaying on April 4, 1968, Terry discussed the continuing prevalence of glaring racial disparities in economic mobility, as well as ghettoization and racial segregation that plague African American families and communities. “Such enduring inequality represents an assault in the dignity and self-respect of poor people and undermines the very freedoms and civil rights that the Civil Rights Movement fought so valiantly

March 2018

Join Us at Cambridge Forum & Join Us in Giving

2018-07-27T15:55:33+00:00March 8th, 2018|Civic Leadership, Press Release, Shared Prosperity|

“THE DREAM MACHINE: the journey from undocumented to deported” with author, Professor Dan-El Padilla Peralta and other panelists, including Cambridge Mayor Marc McGovern & CCF President Geeta Pradhan Friday, March 9 at 7 pm First Parish Church, 1446 Massachusetts Avenue, Cambridge JOIN US FOR THIS FORUM & JOIN US IN GIVING TO THE CAMBRIDGE LEGAL DEFENSE FUND FOR IMMIGRANTS Princeton professor and author of “UNDOCUMENTED”, Dan-El Padilla Peralta shares the story of his own American dream.  Arriving in the US from the Dominican Republic at the age of four, he lived in a NYC homeless shelter as an undocumented immigrant before eventually graduating from an Ivy league school at the top of his class. Dan-el received his MPhil from the University of Oxford and his PhD in classics from Stanford University. In addition to his successful academic career, Padilla Peralta is an activist on immigration issues and will speak about the implications of the DACA decision not just for immigrants, but for all Americans.  Do we not have a moral responsibility to stand with the undocumented in our communities?   Join us for this important discussion. Doors open at 6.30 pm. This event is free and open to all. www.cambridgeforum.org

March 2017

Boomtown/Hometown Report

2024-10-09T16:41:46+00:00March 1st, 2017|Civic Leadership, Press Release, Shared Prosperity|

Read the Report Can Cambridge retain its culture of diversity and opportunity in a dynamic innovation economy? Foundation calls for an agenda for ‘Shared Prosperity’ March 1 2017 A new report by Cambridge Community Foundation charts the impact of trends in housing, education and income disparity that threaten the city’s prized culture of diversity and inclusion, even as its enviable role in a regional innovation economy drives soaring levels of prosperity. A review of relevant data raises questions about whether this growth actually benefits city residents–or whether a growing financial disconnect means many residents can no longer afford the city they live in. Fully 78 percent of current low-income households in Cambridge are “cost burdened,” spending more than 30 percent of their income on housing. Over half spend over 50 percent of total income on housing. They qualify as “severely cost burdened.” In 2015, Just 4 percent of the city’s rental housing stock was affordable for a family with two workers earning $75,000 a year in total – in a community with a median annual household income of just over $79,000. The cost of buying a home is inevitably further out of reach: just 2 percent of single-family

February 2017

JOIN US FOR A COMMUNITY CONVERSATION ABOUT CAMBRIDGE MARCH 1st

2017-11-30T00:54:42+00:00February 11th, 2017|Civic Leadership, Press Release, Shared Prosperity|

A new report by the Cambridge Community Foundation draws attention to three powerful trends now shaping our city's future: increasing income inequality, rapidly rising housing costs and persistent educational disparities. Where are these trends taking Cambridge? Can our city-with its booming innovation economy and exceptional community assets-keep its historic commitment to social justice and create a future in which prosperity is shared across the entire community?   Please join us for a community conversation on Wednesday, March 1, 2017 8:00-8:30 a.m. Breakfast and registration 8:30-8:50 a.m. Welcome and a Presentation of the Report Findings 8:50 - 10:10 a.m. A Panel of local Thought Leaders MODERATOR: Marjorie Decker, Massachusetts State Representative, 25th Middlesex District PANELISTS: Randy Albelda, Graduate Program Director and Professor of Economics, College of Liberal Arts: Senior Fellow Center for Social Policy, UMass Boston Moacir Barbosa, Director of Community Engagement, Health Resources in Action Barry Bluestone, Russell B. and Andree Stearns Trustee Professor of Political Economy, School of Public Police and Urban Affairs, Northeastern University Ronald F. Ferguson, Fellow, Malcolm Wiener Center for Social Policy and Faculty Director of the Achievement Gap Initiative, Harvard University 10:10 - 10:50 a.m. Community Table Conversation 10:50 - 11:00 a.m. Highlights and Closing FOR

March 2016

CAMBRIDGE FORUM SETS SIGHTS ON SHARED PROSPERITY THROUGH GREATER ACCESS TO THE INNOVATION ECONOMY

2017-11-30T00:54:48+00:00March 24th, 2016|Civic Leadership, Press Release, Shared Prosperity|

S.T.E.A.M. education connects technology, art to create ‘ladders’ for students, adults in search of careers drawing on 21st century skills CAMBRIDGE Just how important is the innovation economy to those who live and work in Cambridge and the surrounding region? Almost 40 percent of the state’s workforce is employed in the innovation sector, far more than any other state. Wages in the innovation sector are typically much higher than average wages, one reason for the robust economy in Massachusetts. Massachusetts itself was ranked the top innovation hub in the country by Bloomberg News earlier this year. In turn, the innovation economy itself is driven by trained talent – employees entering the workforce with critical skills. At the same time, there is a growing need to give young people access to learn the skills that provide access to opportunity and, ultimately, a share in the prosperity innovation generates. One result has been the development of S.T.E.M. education – the letters stands for Science Technology Engineering and Math – which represents the effort to prepare young people, or adults with skills that fit the needs of the 21st century knowledge economy. S.T.E.A.M. takes that strategy a step further by bringing the

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