Investment and support from banks, insurance companies, religious investors, foundations and the federal government make it possible for IFF's loan program to grow. Favorable pricing enables IFF to maintain below-market rates. Leadership in research and public policy is funded by foundation and corporate grants.
IFF offers financial partners a sound investment, high leverage and community impact. Investors in IFF's Loan Program support lending throughout Illinois, Indiana, Iowa, Missouri and Wisconsin.
New investments include:
- In September 2010, the Communities at Work Fund™ invested $20 million in IFF. This highly competitive program was formed in response to the recession by Citibank, Calvert Foundation, and the Opportunity Finance Network.
- In May 2010, JPMorgan Chase provided IFF with a low-interest loan of $9.5 million with capital raised through the New Markets Tax Credit (NMTC) Program. IFF will use the funds to provide loans to nonprofits in Indiana, Wisconsin, and Illinois.
- In December 2010, IFF received a $3 million Program Related Investment from The Walton Family Foundation for choice and charter school lending in Milwaukee. This brings the Foundation’s total support to IFF to $8,625,000.
For more information about investment opportunities, please contact IFF at 866 629 0060.
Grants for Special Projects
and Operations (2007-2011) |
IFF's Investor Consortium
|
IFF Loan Program Funders
and Investors
|
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Bank of America
The Lynde and Harry Bradley Foundation
The Chicago Community Trust
Cole Taylor Bank
Community Memorial Foundation
Crown Family Philanthropies
Enterprise Rent-a-Car
Greater Milwaukee Foundation
Harris Bank
Helen Bader Foundation
Illinois Department of Commerce and
Economic Opportunity
Ewing Marion Kauffman Foundation
The Kresge Foundation
Midwest Bank and Trust
The Northern Trust Company
Polk Bros. Foundation
The PrivateBank
TCF Bank Illinois
U.S. Department of Housing and Urban
Development--Neighborhood Stabilization
Program
Walton Family Foundation
Wells Fargo Foundation
Wintrust Bank
|
American Chartered Bank
Bank of America
Busey Bank
Charter One Bank
Cole Taylor Bank
FDIC (formerly Park National Bank
and Trust)
FDIC (formerly Midwest Bank
and Trust)
First Bank
First Savings Bank of Hegewisch
First Bank and Trust
First Midwest Bank
Harris Bank
Jacksonville Savings Bank
M&I Bank
MB Financial
The Northern Trust Company
The PrivateBank
US Bank
Wintrust Financial Group of Bank
|
Allstate Bank
Allstate Insurance
Bank of America
Blowitz-Ridgeway Foundation
Busey Bank
Calvert Foundation
Catholic Health Initiatives
Searle Funds at The Chicago
Community Trust
Chicago Federal Home Loan Bank
Chicago Public Schools
Circle of Service
Citibank
First Bank
First United Bank
Grand Victoria Foundation
Harris Bank
Illinois Department of Commerce &
Community Affairs
JP Morgan Chase
The Kresge Foundation
M&I Bank
John D. and Catherine T. MacArthur
Foundation
Marquette Bank
Monarch Community Fund
The Northern Trust Company
Opportunity Finance Network
Pierce and Associates
PNC
State Farm Bank
Trinity Health
U.S. Department of Education
U.S. Department of the Treasury
CDFI Fund
Walton Family Foundation
Wells Fargo Bank
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