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 $8,765,425.
- In September 2011, IFF received $8.3 million from the US Department of the Treasury Small Business Loan Fund to support small business lending.
For more information about investment opportunities, please contact IFF at 866 629 0060.
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Investor Consortium
American Chartered Bank
Bank of America
BMO Harris Bank
Busey Bank
Charter One Bank
Cole Taylor Bank
FDIC (formerly Midwest Bank and Trust)
FDIC (formerly Park National Bank and Trust)
First Bank
First Savings Bank of Hegewisch
First Bank and Trust
First Midwest Bank
Jacksonville Savings Bank
M&I Bank
MB Financial
Northern Trust
The PrivateBank
US Bank
Wintrust Financial Group of Banks
Note Program
Financial Institutions
Allstate Insurance
Bank of America
BMO Harris Bank
Busey Bank
Cathay Bank
Chicago Federal Home Loan Bank
Evergreen Bank Group
Citibank
First Bank
FirstMerit Bank
First United Bank
Goldman Sachs Bank USA
Guaranty Bank
M&I Bank
Marquette Bank
Northern Trust
PNC
State Farm Bank
Wells Fargo Bank
Foundations
Blowitz Ridgeway Foundation
Calvert Foundation
Catholic Health Initiatives
Community Memorial Foundation
The Kresge Foundation
John D. and Catherine T. MacArthur Foundation
Monarch Community Fund
Opportunity Finance Network
Trinity Health
The Walton Family Foundation
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Funders
Bank of America
BMO Harris Bank
The Lynde and Harry Bradley Foundation
Searle Funds at The Chicago Community Trust
Chicago Metropolitan Agency for Planning
Citibank
Cole Taylor Bank
Crown Family Philanthropies
Enterprise Rent-a-Car
FirstMerit Bank
The Goldman Sachs Foundation
Greater Milwaukee Foundation
Helen Bader Foundation
Illinois Clean Energy Community Foundation
Incarnate Word Foundation
The Joyce Foundation
JP Morgan Chase
The Ewing Marion Kauffman Foundation
The Kresge Foundation
Lake County Community Foundation
Missouri Foundation for Health
Northern Trust
Opportunity Finance Network
Pierce and Associates
Polk Bros. Foundation
The PrivateBank
The Walton Family Foundation
Government
Chicago Public Schools
Illinois Department of Commerce & Economic Opportunity
Illinois Finance Authority
Illinois Housing Development Authority
US Department of Education
US Department of Housing and Urban Development
US Department of Treasury – CDFI Fund
US Department of Treasury – Small Business Loan Fund
New Market Tax Credits
Bank of America
BMO Harris Bank
Central Bank of Kansas City
JP Morgan Chase
PNC
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