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New York & Tri-State  + New York  + Finance  |  December 6, 2023
Avatar Financial Completes Solid Second Half of 2022
Emily Fu
By: Emily Fu

MacKenzie Scott Donates $15M to CPC 

The Community Preservation Corporation (CPC) has received a substantial boost with a $15 million donation from MacKenzie Scott’s “Yield Giving” fund, a fund led by MacKenzie Scott that delivers support to nonprofits around the world.  

The gift will allow CPC to further its nonprofit mission of financing affordable and workforce housing and will help to expand the impact of its programs and initiatives.  

“We are incredibly grateful to MacKenzie Scott for her extraordinary investment in the Community Preservation Corporation and for the faith she has demonstrated in CPC and her commitment to our mission,” said Rafael E. Cestero, CEO of the CPC. “As we head into 2024 and the celebration of our 50th year of service, this gift adds fuel to our drive to create more affordable, equitable, and sustainable communities.  

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Inside The Story

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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