We are proud to announce that for the third consecutive year, Joyce McDonald, Executive Director of Frameworks Community Development Corporation Inc. has been honored by being selected as a Finalist for the Silverton Foundation Social Entrepreneur of the Year Award. The 2012 Award will be announced at the Ernst & Young Entrepreneur of the Year gala on Thursday, June 7, 2012 at the Austin Hilton Downtown, with more than 700 leaders of the Central Texas business, civic and philanthropic community in attendance.
The Silverton Foundation Social Entrepreneur of 2012 Award recognizes talented individuals who have shown extraordinary leadership and innovation in building an organization to address the social needs of the central Texas community. The award recognizes that qualities of entrepreneurship such as vision, leadership, passion, and commitment are as valuable to “social” enterprises as to business enterprises. The award also recognizes that the success of both social and business enterprises is essential to the development of successful communities.
Joyce McDonald has a “Can Do” attitude and boundless energy. She believes that all individuals have the ability to learn advanced financial concepts. She infuses clients with the confidence that they have knowledge and power to protect themselves in complex transactions.
The character which helped her make it through growing up amidst poverty and crime in the South Bronx in the 1970’s has been reflected at each stage of her life as she has shown a determination to raise up herself and others.
In 2004, recognizing the need to help underserved families to achieve sustainable homeownership and build assets, she sacrificed a steady paycheck to create Frameworks Community Development Corporation Inc. a nonprofit organization which has:
- Provided a comprehensive Home Buyer Education and Counseling program for 1881 families.
- Responded to the Foreclosure Crisis by providing Foreclosure Prevention Counseling to assist more than 2410 families in saving homes from foreclosure.
- Empowered 1521 individuals to take more effective control of their resources through Financial Literacy Education classes.
- Implemented a program to Recycle Foreclosed Homes with a goal of acquiring, rehabilitating and reselling at least 50 already foreclosed homes at affordable prices each year.
To assure the long term sustainability of these essential programs, Ms. McDonald has built a diversified base of funding from corporations, banks, foundations, grants, contracts to perform services, and recycling of foreclosed homes. It is a new model of funding vital services to the community.