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CHICAGO (CBS) — The charitable foundation best known for its “genius grants” to individuals is now is awarding millions to organizations – including two in Chicago.
As WBBM Newsradio’s Regine Schlesinger reports, the grants by the Chicago-based John D. and Catherine T. MacArthur Foundation range from $350,000 to $2.5 million each, and are going to 15 public service groups that all have been supported by the foundation in the past.
The two Chicago groups getting a total of nearly $3 million are the Community Investment Corporation, and Business and Professional People for the Public Interest.
The Community Reinvestment Corporation, which is receiving $2 million, provides help to developers of low- to moderate-income rental housing in Chicago.
Business and Professional People for the Public Interest works to strengthen poor communities, improve schools, preserve housing for low- and moderate-income people, and promote what it calls “honest government in Illinois.”
The biggest grant for this year — $2.5 million — went to the Carnegie Moscow Center for its impartial analysis of Russian politics and policy.
LISTEN: WBBM Newsradio’s Regine Schlesinger reports