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 both 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:
- Wachovia NEXT Award for Opportunity Finance: In December of 2008, IFF won a $5 million PRI and $500,000 grant as part of a national award acknowledging IFF's innovative capital financing model and bold strategy to expand its lending services in Illinois, Indiana, Iowa, Missouri and Wisconsin.
- Bank of America: In November of 2008, IFF received an $8 million investment to support lending in targeted communities across IFF's service area.
- The Walton Family Foundation: In December of 2007, IFF received a $5 million PRI for charter school lending, and a $600,000 grant to launch a public policy and real estate services program for choice and charter schools in Milwaukee, and charter schools in St. Louis.
For more information about investment opportunities, please contact IFF at 312-629-0060.
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Grants for Special Projects and Operations
Annie E. Casey Foundation
Bank of America
The Lynde and Harry Bradley Foundation
The Chicago Community Trust
Cole Taylor Bank
Community Memorial Foundation
Crown Family Philanthropies
Grand Victoria Foundation
Harris Bank
Illinois Department of Commerce and Economic Opportunity
F.B. Heron Foundation
Ewing Marion Kauffman Foundation
The Kresge Foundation
John D. and Catherine T. MacArthur Foundation
Midwest Bank and Trust
The Northern Trust Company
Opportunity Finance Network
Polk Bros. Foundation
The PrivateBank
TCF Bank Illinois
U.S. Department of Education
U.S. Department of Housing and Urban Development--
Neighborhood Stabilization Program
U.S. Department of the Treasury CDFI Fund
Walton Family Foundation
Wells Fargo Foundation
Wintrust Bank
IFF's Investor Consortium
Bank of America
Busey Bank
Charter One Bank
Cole Taylor Bank
First Bank & Trust
Harris Bank
Jacksonville Savings Bank
MB Financial
Midwest Bank and Trust
M&I Bank
The Northern Trust Company
Park National Bank and Trust
Pullman Bank
Wintrust Bank
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Funders and Investors in the IFF Loan Program
Allstate Bank
Allstate Insurance
Bank of America
The Blowitz-Ridgeway Foundation
Calvert Foundation
Catholic Health Initiatives
Searle Funds at The Chicago Community Trust
Chicago Public Schools
Citigroup
Cole Taylor Bank
Community Memorial Foundation
First Bank
Grand Victoria Foundation
Harris Bank
Illinois Department of Commerce and Community Affairs
JPMorgan Chase & Co.
John D. and Catherine T. MacArthur Foundation
The Kresge Foundation
Marquette Bank
Midwest Bank and Trust
National City Bank
The Northern Trust Company
Opportunity Finance Network
Polk Bros. Foundation
Shorebank
Chicago Federal Home Loan Bank
State Farm Bank
Trinity Health
U.S. Department of the Treasury CDFI Fund
Walton Family Foundation
Wells Fargo
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