PCDC Receives $10 Million Impact Investment to Help Close Primary Health Care Deficit in Underserved Communities

Primary Care Development Corporation (PCDC) announced receiving a $10 million donation from philanthropist MacKenzie Scott, a catalytic investment to strengthen primary care and build health equity.

“Primary care is underfunded and unavailable to many. This lack of access and investment in primary care and prevention has left many communities especially vulnerable during the COVID-19 pandemic,” said Louise Cohen, PCDC’s Chief Executive Officer. “Black, Brown, rural, and low-income communities are all too often health care deserts with scarce primary care providers, facilities, and services. We are extremely grateful for MacKenzie Scott’s generous investment and will immediately put this donation to work to address the health and economic inequities that have been exacerbated by COVID-19 and which have long existed in disinvested communities.”

For nearly 30 years, PCDC has invested in primary care in more than 40 states and territories to expand and improve facilities, quality, and capacity – especially in low-income communities of color with persistent poverty and pervasive health disparities. This impact investment will strengthen and sustain PCDC to further health equity by tackling COVID-19 recovery and the pre-existing primary care deficit in many communities.

Facts:

The Primary Care Development Corporation (PCDC) is a nationally recognized nonprofit organization and a U.S. Treasury-certified community development financial institution (CDFI) that catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. Learn more about PCDC’s programs to expand and transform the primary care sector at pcdc.org

CONTACT:
Primary Care Development Corporation
Patrick Kwan, Senior Director of Advocacy and Communications
pkwan@pcdc.org | (917) 309-9188

PCDC’s 5-Year Business Plan

Primary Care Development Corporation (PCDC) is a nonprofit U.S. Treasury-certified community development financial institution (CDFI) that connects underserved and underinvested communities to capital and technical assistance services, increasing primary care access while growing the economy and building health equity. For nearly 30 years, PCDC has demonstrated the success of strategic, coordinated, and market-specific investment of resources in collaboration with funders and policymakers. Bringing all PCDC’s resources to bear on a single mission — expanding access to high-quality primary care — has yielded extraordinary results.

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