2010*2009*2008*2007*2006*2005
2010
JPMorgan Chase Invests $9.5 Million in IFF
7/7/2010:
JPMorgan Chase has provided IFF, an award-winning community development financial institution (CDFI), with a low-interest loan of $9.5 million with capital raised through the New Markets Tax Credit (NMTC) Program. The funding comes at a critical time for nonprofits which have seen other facilities financing options decline during the U.S. economic crisis. IFF will use the JPMorgan Chase investment to provide loans to qualified nonprofit borrowers in Indiana, Wisconsin, and Illinois.
New Study: Only Thirteen Percent of Milwaukee Public, Public Charter and Private School Students Are Enrolled in Schools Meeting Wisconsin State Standards
5/26/2010:
IFF released a new study today analyzing the performance, location, and enrollment of Milwaukee Public Schools (MPS), charter schools and certain private schools participating in the Milwaukee Parental Choice Program (MPCP) in 2008-2009. The study—Choosing Performance: An Analysis of School Location and Performance in Milwaukee—determined that most children do not attend or live near a school that meets the Wisconsin State Standard.
IFF Now Providing Below-Market, Energy Efficiency Loans and Services
5/19/2010:
IFF has been awarded a grant from The Illinois Clean Energy Community Foundation to pilot a program that will help Illinois nonprofits take advantage of energy and cost saving practices formerly applied primarily to large public institutions. IFF’s Energy Performance Program (E2P) will provide below-market loans and energy efficiency expertise to Illinois nonprofits that own facilities which would benefit financially from efficiency upgrades.
New Report Finds Many Denver Children Lack Access to Performing School
2/20/2010:
According to a new IFF study sponsored by the National Association of Charter School Authorizers (NACSA), more than half of Denver's children today cannot access a performing school in the Denver public school system. The report, entitled Locating Quality and Access: The Keys to Denver's Plan for Educational Excellence, also found that these children without access to a high-quality education are concentrated in several largely Hispanic communities within the city.
Read the report [PDF]
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2009
IFF Receives $5 million from Neighborhood Stabilization Program
10/15/2009:
IFF receives a $5.13 million grant from the Illinois Department of Human Services (IDHS) to partner with nonprofit corporations in nine counties to provide affordable housing services for low and moderate income individuals with special needs.
Environmental Leader to Head IFF’s Real Estate Services Division
10/8/2009:
IFF, the Midwest’s largest nonprofit community development financial institution (CDFI) and a leading provider of real estate consulting services to nonprofits, recently hired David Reynolds as its new Vice President for Real Estate Services (RES).
Prior to joining IFF, Mr. Reynolds served as Vice President of AECOM (frmerly Earth Tech), where he was responsible for the global engineering firm’s environmental practice in Chicago. A professional engineer and LEED Accredited Professional, Mr. Reynolds brings substantial technical, management, and business development experience to IFF’s leadership team.
New Study of Performance and Location of Public Schools in St. Louis
9/1/2009:
A new study released today analyzes the performance, location, and enrollment of both St. Louis Public Schools and charter schools in 2007-08. The study - Place, Performance, and Promise - determined that St. Louis students have limited access to a quality school in their neighborhood. The report was produced by the National Association of Charter School Authorizers (NACSA) and IFF, in conjunction with the St. Louis Mayor's Office.
Read the report [PDF]
Grant Available to Help Nonprofits Plan for New Space
6/24/2009:
The Polk Bros. Foundation has supported IFF's Real Estate Consulting program for many years. Thanks to a special grant from the Foundation in 2009, IFF is pleased to make available on a first-come, first-served basis two opportunities to assist nonprofits with planning for new space.
New Report Highlights Progress and Challenges of Chicago’s Public Schools
5/31/2009:
This report examines citywide and community area changes in the number of performing schools in Chicago’s 77 neighborhood areas between 2004 and 2008. It also documents the contribution made by charter and other new schools under Renaissance 2010. Like the 2004 Here and Now study, Here and Now 2 is based on the premise that all Chicago students should have academically performing schools within or near the community area in which they live.
Read the report [PDF]
Survey of Nonprofits Reveals Impact of Economic and State Budget Crises
4/2/2009:
Illinois nonprofit corporations are hurting from the combined impact of a down economy and a state budget crisis, according to a recent survey conducted by IFF and the public policy magazine Illinois Issues. This survey is also featured in Illinois Issue's April edition.
A Step Forward for Child Care and Working Families
3/24/2009:
Chicago, IL - The Child Care Facilities Financing Act of 2009 - introduced today in the U.S. House of Representatives by Rep. Carolyn McCarthy - represents a major step forward for the child care field and the health, development and security of children whose families depend on child care centers. The Act will allow the U.S. Department of Health and Human Services to award competitive grants to experienced nonprofit community development corporations to finance the acquisition, construction, and improvement of child care facilities.
Community Finance Leader Joins IFF as New Wisconsin Director
2/2/2009:
As IFF prepares to open its first-ever Wisconsin office, the Midwest's largest nonprofit facilities lender turns to Milwaukee nonprofit and lending expert Lanie Wasserman to fill the position of Director of Wisconsin Operations. Spearheading IFF's growing role in Wisconsin's nonprofit lending market, Ms. Wasserman will draw on her most recent experience as the Chief Operating Officer at Legacy Redevelopment Corporation (a Legacy Bank affiliate).
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2008
IFF Receives Wachovia NEXT Award for Ambitious Midwestern Expansion Plan
12/11/2008:
IFF has been awarded the prestigious Wachovia NEXT award honoring innovative financial approaches and responsible lending. IFF was honored for its innovative capital financing model and bold strategy to expand its lending services in Illinois, Iowa, Indiana, Missouri and Wisconsin. IFF will use the funds to become a truly regional Midwestern CDFI.
CDFI Fund awards $1 million for IFF's Midwest expansion
8/28/2008:
The U.S. Treasury Department’s Community Development Financial Institution (CDFI) Fund awarded IFF $1 million to support its Midwest expansion and allow it to provide more flexible, below-market financing to nonprofits serving low-income areas in Missouri, Iowa, Indiana and Wisconsin.
IFF picked to compete for $8.5 million Wachovia NEXT Awards
8/4/2008:
This award is one of the largest and most prestigious in the financial services industry. A winner will be announced on December 10, 2008.
First-ever survey on the financial health of Missouri nonprofits
1/1/2008:
Missouri Nonprofits: 7/18/08: Building Capacity for the 21st Century establishes a baseline of data on the finances and management of small to midsized nonprofits that provide direct services to the Missouri public. It was conducted in partnership with the Nonprofit Financial Services Center in St. Louis, MO.
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2007
First-ever National Talk on the Future of Charter School Finance
1/30/2007:
Financing the Future: Meeting the Needs of Charter Schools is the first conference in the U.S. to exclusively address the issue of charter school real estate finance, one of the most challenging issues for the charter school movement. Finance authorities, investors, and charter school leaders examine and discuss financing and capital investment models being pioneered across the country.
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2006
IFF + Federal Grant + Wall Street Financing = High-quality Charter School Choices for Inner-city Chicago Parents
10/12/2006:
Through its Illinois Charter Capital Program (ICCP), IFF is the first and only financial institution in the U.S. to leverage an $8 million grant from the U.S. Department of Education to attract $18.7 million in Wall Street investments for charter schools.
IFF and Grand Victoria Foundation Help Nonprofits Go 'Green' With Child Care Classroom Makeover Grants
8/10/2006:
Seven Peoria-area centers get classroom design problems solved, plus makeovers will employ green building techniques for added economic, social and environmental benefits.
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2005
New office helps IFF bring affordable capital to Central Illinois
12/12/2005:
While IFF has been active in central Illinois for some time, with more than 50 loans closed to date, the new office in Peoria allows IFF to meet its goal of providing more personal contact and developing stronger relationships with nonprofits here.
New Study Examines Financial Health Of Illinois Nonprofits
9/27/2005:
Getting It Right: How Illinois Nonprofits Manage for Success is a survey co-sponsored by IFF and the Donors Forum of Chicago on the financial health of nonprofits in Illinois. The study covers the years of 2001 to 2003 and its results highlight challenges and opportunities nonprofit organizations face.
lFF Exceeds 400 Loans to Illinois Nonprofits
9/13/2005:
IFF's lending model, created in 1990, was backed by extensive research affirming the enormous need among nonprofits and by the success of two nonprofit loan funds piloted in the Chicago nonprofit community. Today, achieving a milestone of more than 400 closed loans throughout the state demonstrates the success of and need for IFF’s approach with Illinois nonprofits.
IFF and Grand Victoria Foundation Award Childcare Classroom Improvement Grants
6/23/2005:
IFF awarded grants to “makeover” classrooms at Waukegan and North Chicago child care centers. The Fresh Spaces for Learning Places grants, part of IFF’s Building Blocks program, are funded by the Grand Victoria Foundation and bring vital private sector expertise to programs targeted at low-income families.
Resources to Bring More Affordable Housing to Downstate Illinois
3/14/2005:
As part of Illinois Affordable Housing Week, IFF introduces new below-market financing available to nonprofit organizations developing affordable housing and Statewide Housing Action Coalition announced technical assistance resources for employer assisted housing programs.
Early Child Care and Education Industry Vital to the State's Economy
1/24/2005:
Conducted by the National Economic Development and Law Center, and reported by IFF, Action for Children and Chicago Metropolis 2020, a new report demonstrates for the first time the direct economic benefits of the early care and education industry as well as its long-term impact on the Illinois economy.
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