Congratulations to Beryl Satter, Recipient of 2015 Guggenheim Fellowship

History Professor Beryl Satter, whose 2009 book, Family Properties, garnered widespread acclaim, was awarded a $50K grant to work on her follow-up project, titled ShoreBank, Development, and the Fight Against Black Economic Marginalization.

Satter’s new book will examine Shore Bank, started by activists in 1973 as a community-development vehicle in the South Shore neighborhood of Chicago. The bank’s mission was to remedy redlining practices rampant throughout the banking industry by loaning badly needed capital to African American individuals, families and businesses, who had long been cut off from credit due to systemic racial discrimination.

Shore Bank’s experiment, which lasted nearly 40 years, was apparently so successful that President Bill Clinton invited the founders to Arkansas to develop community banking there when he was governor, then called for thousands more community-development banks across the country as president, based on the Shore Bank model, according to Satter.

With her fellowship, Satter will spend summer and fall 2015 doing archival research in Chicago and plans to start writing drafts of her book in early 2016.

"I’m deeply grateful to the John Simon Guggenheim Memorial Foundation,” says Satter. “Thanks to this fellowship, I will have this precious opportunity to work full-time on a project that I care about very deeply.”

From "Two Rutgers University–Newark Faculty Take Home 2015 Guggenheim Grants" by Lawrence Lerner