Nonprofit leaders furious as Chan Zuckerberg Initiative cuts funding
Earlier this year, Juan Hernandez was having exciting conversations with the Chan Zuckerberg Initiative about what to do with his next round of funding. Hernandez, the CEO of Creser Capital Fund, had received $500,000 two years earlier from Mark Zuckerberg and Priscilla Chan’s mammoth philanthropic organization for his nonprofit, which provides loans to Latino entrepreneurs….