CDFI Program Awards: Insights into Funding Decisions, Celebrating Success
On September 10, 2015 the CDFI Fund announced awards to 195 Community Development Financial Institutions (CDFIs) totaling $202 million in grants and loans through the latest rounds of the Community Development Financial Institutions Program (CDFI Program), the Native American CDFI Assistance Program (NACA Program) and the Healthy Foods Financing Initiative ( HFFI). Those receiving assistance […]
Successful round of CDFI Program and NACA Program funding
FUND Consulting had another successful round of CDFI Program and NACA Program funding, with 30 organizations receiving $38,368,334 in awards. Our insights on the funding round are available on our blog: CDFI Program Awards: Insights into Funding Decisions, Celebrating Success
Consumer Credit for Military Families
As many of our readers know, CDFIs are set up to provide access to capital in underserved markets. One market segment that is getting increased attention are military families. Policies have been enacted to address the consumer credit needs of this population. The Military Lending Act was enacted by Congress in 2006 as part of the John Warner […]
CDFI Boards and Fundraising, Week 8: Considerations for Increasing Board Member Fundraising
Over the past eight weeks, the FUND Consulting Blog Smart Decisions, Reliable Data has focused on presenting data from our annual industry research project. The project consisted of a survey focused on collecting information on CDFI Boards and Fundraising. FUND Consulting chose this topic as a result of key themes that emerged while conducting strategic planning for […]
CDFI Boards and Fundraising, Week 7: How Much Money do CDFI Boards Raise?
Much of this blog series has presented data indicating that CDFI Boards lag behind the general nonprofit sector in fundraising. This week we offer some of the data the FUND team gathered on just how much money boards raise for their CDFIs. Survey respondents indicated that 30% of CDFIs have boards that engage in fundraising. Almost half […]
2014 Annual Report
2014 was a banner year for FUND Consulting! We moved to a larger office location, worked with a record number of clients, and implemented a new business model based on the results of our strategic planning. Read more in our Annual Report.
CDFI Boards and Fundraising, Week 6: Strategies for Board Engagement in Fundraising
Last week’s blog focused on barriers to engaging board members to participate in fundraising. This week, we will concentrate on how some CDFIs achieve board participation in fundraising activities and how the CDFI industry might be lagging behind a bit with respect to other nonprofit organizations. In the nonprofit industry, one of the most common […]
CDFI Boards and Fundraising, Week 5: Barriers to Fundraising
In last week’s blog, we presented data on CDFI Board committees and how having a dedicated committee can help organizations meet fundraising goals. While CDFI loan funds are more likely to utilize boards for fundraising, they are also more likely to experience board member resistance to raising funds: Based on the experience of FUND’s clients, […]
CDFI Boards and Fundraising, Week 4: Board Committees
This blog post marks the half way point of FUND’s presentation of data from a 2014 research project examining CDFI Boards and Fundraising. So far, we have demonstrated how CDFIs lag behind the general nonprofit sector in utilizing boards for fundraising. Additionally, we have presented data on CDFI board size and structure, and examined the […]
CDFI Boards and Fundraising, Week 3: What Skills are Sought After on CDFI Boards?
Last week on the blog, we presented data on the size and composition of CDFI boards. This information can provide insight into board recruitment and retention. The data indicated that while boards across all CDFI types were most likely to contain representatives from banks and community organizations, CDFI banks and credit unions are more than […]