To all our Investors, Partners, and Friends,
A lot has changed since December 31, 2019 – when IFF closed out on a banner year that included our $1 billion cumulative lending milestone. When the COVID-19 pandemic reached the Midwest, we were preparing to host you for our Annual Investors Meeting, where you would have received the enclosed report. That obviously didn’t happen.
But now, we want to share the data and stories from 2019 – because last year’s numbers are relevant to today’s crisis and to tomorrow’s possibilities. IFF ended 2019 on the best financial footing we’ve ever seen. That strength has allowed us the flexibility to respond to nonprofits’ rapidly changing needs during this time of unprecedented uncertainty.
And we’ve been busy. We have reached out to every single client, and we have leaned into new partnerships and new products – notably, the Payroll Protection Program (PPP) – to help ensure critical dollars are flowing to the nonprofits and communities that most need them.
The response has been extraordinary. For over 30 years nonprofits have turned to IFF as a strong financial partner and backstop – something that is only possible thanks to the ongoing support of our investors and the remarkable dedication of our staff. Now more than ever we remain dedicated to strengthening nonprofits and the communities they serve!
Thank you, and stay safe,
Guadalupe Preston, IFF Board Chair
Joe Neri, IFF CEO