News
FUND Consulting in the NewsFebruary 2012 FUND Consulting's project with the Chaddick Institute for Metropolitan Development on the City of Lake Forest's Resident Survey was highlighted in the local news recently! Read more Congratulations to Pathway LendingJanuary 2012 Congratulations to Pathway Lending, recipient of the NEXT Award Planning Grant! The planning grants allow CDFIs to explore a range of geographic and product expansion ideas prior to the opening of the 2012 NEXT Awards. Congratulations to all six CDFIs who will receive the awards:
FUND Consulting Clients Perform Well on BEA AwardsNovember 2011 On November 9, the CDFI Fund announced awards totaling nearly $22 million to 77 depository institutions for serving economically distressed communities across the nation. The awards are being made through the fiscal year (FY) 2011 round of the Bank Enterprise Award Program (BEA Program). Applications prepared by FUND Consulting represented 27% of the awardees and 42% of total dollars awarded through the program. Congratulations to the following FUND Consulting clients who received BEA awards, we are happy to be part of your team!
Congratulations to The Progress FundOctober 2011 Wachovia Wells Fargo NEXT Awards for Opportunity Finance, announced that it will award $8.25 million to two top-performing CDFIs: Coastal Enterprises, Inc. in Wiscasset, ME and The Progress Fund in Greensburg, PA. The NEXT Awards recognize pioneering work by CDFIs, which are market-based, private sector financial intermediaries that provide financing to low-income, low-wealth, and other disadvantaged communities. The Progress Fund in Greensburg, PA will use its $2.75 million NEXT Award to expand its Trail Town Program® and to support replication of this strategy elsewhere. This innovative, regional partnership supports small businesses involved in outdoor recreation and tourism along The Great Allegheny Passage, a popular 141-mile biking and hiking trail that runs from Pittsburgh, PA to Cumberland, MD. FUND Consulting is proud to have helped The Progress Fund articulate its value and vision to the awards committee through its grantwriting services and strategic support. www.opportunityfinance.net/uploadedfiles/Press/Press_Releases/2011.NEXT.Awardees.Release.pdf Congratulations to Appalachian Community EnterprisesSeptember 2011 Congratulations to Appalachian Community Enterprises for receiving a $500,000 Healthy Food Financing Intiative Grant: http://www.cdfifund.gov/news_events/CDFI-2011-18-CDFI-Fund-Announces-$25-Million-in-Healthy-Food-Financing-Initiative-Awards.asp. CDFI Program Award PerformanceAugust 2011 On July 18, 2011 the CDFI Fund announced awards totaling $142,302,667 for 155 Community Development Financial Institutions (CDFIs) serving economically distressed communities across the nation. The CDFI awardees represented 40 states and the District of Columbia, and included loan funds, credit unions, insured depository institutions, and venture capital firms. The majority of FA awardees (51%) serve major urban areas. Thirty-five percent (35%) of FA awardees served an Area of Severe Economic Distress (Appalachia, Colonias, Native, GO Zone, Mississippi Delta). Credit Unions were the highest performers in the application pool, with 59% of credit union applications funded, versus 45% of loan fund applications funded. Credit Unions represented 13% of the applicants and received 18% of the total dollars awarded. Two insured depository institutions received an award, one of which was a FUND Consulting client. FUND Consulting clients performed well in this funding round, with higher rates of FUND Consulting applications being funded than the general application pool:
Funding for technical assistance this round focused on staff capacity with 74% of TA dollars awarded for Salaries (48%) and Professional Services (26%). One hundred percent (100%) of TA applications prepared by FUND Consulting were funded.
Congratulations to FUND Client Yavapai-Apache NationApril 2011 Congratulations to Yavapai-Apache Nation on its CDFI Certification.
Our First Ten Years in Review December 2010 The past ten years, which began with the turn of a new century, have seen many changes presenting both opportunities and challenges. Most recently, the economic climate created unique challenges across the spectrum of our clients. Our client base is diverse and has been affected by the economic downturn in many ways. However, one thing that did not change was our commitment to helping our clients grow their capacity to serve their diverse markets, communities and constituencies. In the past ten years, FUND has had the pleasure of working with more than 150 clients across the CDFI, nonprofit and government sectors. Many of our clients have been engaged with us over several years - in fact, more than one third have worked with us for more than five years -- relying not only on our operational expertise to help get quality applications in on time, for example, but also valuing our strategic advice and guidance to navigate leadership changes, conduct strategic planning exercises and assess market changes.
Approximately 53% of FUND's clients are CDFI loan funds, 23% are CDFI banks and credit unions, 19% are nonprofit organizations, and 5% are government entities. Our clients operate locally and nationally and are located in more than 35 states. We are proud of the successful and diverse client base we have worked with over the past 10 years.
But the proof is in the numbers. Over the past ten years, FUND has helped our clients obtain over $191 million in government and local grants and investments. During this time period, FUND Consulting has delivered almost 100 research, marketing, and strategic planning projects, in addition to other cap |
acity building solutions. We've been able to do so while staying true to our business model of personalized services tailored to the needs of each of our individual clients. Our high level of responsive customer service yielded a 100% client satisfaction rating. To see a full list of our clients, please visit the client section of our