Take Action: Tell Congress we need Freddie and Fannie

Update 10/27: Progress! Our Coalition* has just received a copy of a letter co-signed by six local Members of Congress–Reps. Hoyer, Moran, Davis, Van Hollen, Edwards and Norton–to the Conservator overseeing Fannie and Freddie. Note that the letter is dated Oct. 22 – the same as our collective Call-In Day last week. Together we are making a difference, but we need to press on. Keep the emails and phone calls coming, particularly to Sens. Cardin, Mikulski, Warner and Webb.

Ever since the federal takeover of Freddie Mac and Fannie Mae, a coalition of local umbrella organizations has been working to save their charitable and leadership contributions to the region. The Federal Housing Finance Agency recently responded, saying: “It is envisioned that the Enterprises will continue to make charitable contributions,” but the response did not mention giving levels or the anticipated focus of future giving.

Now we need your help. Over the next few days, contact your members of Congress about the importance of Fannie Mae’s and Freddie Mac’s philanthropy to our region.

The basic message is simple:

Fannie Mae and Freddie Mac have supported housing, child care, adoption, feeding programs and a host of other services integral to our region’s well being. We need their philanthropic support now more than ever. I ask that Congressman/Senator __________________ contact Mr. James Lockhart, director of the Federal Housing Finance Agency, the Conservator now overseeing Fannie & Freddie, and urge him to protect the Freddie Mac Foundation and the corporate giving programs of Freddie Mac and Fannie Mae. Our region needs their giving levels to remain high and their scope of giving to remain responsive to the region’s multiple needs.

> contact information
fact sheet

Please take a moment to report any contacts you make to Tamara Lucas Copeland – copeland@washingtongrantmakers.org.

* Supporting this effort are the Board of Trade, Leadership Greater Washington, the Council of Governments, United Way, the Center for Nonprofit Advancement, the Nonprofit Roundtable and Washington Grantmakers.