Our Impact

Explore IFF’s impact since 1988.

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Current Portfolio

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Our commitment to supporting the full range of nonprofits across the Midwest provides our investors with a well-secured and diversified loan portfolio. These graphs reflect the percent of dollars in IFF’s portfolio of loans — which, as of Dec. 31, 2020, included 710 loans totaling $414.6 million.

Included in the figures below are loans made under our innovative New Markets Tax Credit Small Project Loan Pool, which brings the benefits of NMTC financing — low rates and 7-year, interest-only payments — to smaller nonprofit projects throughout the Midwest.

Financial Performance

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Ensuring a financially strong IFF is key to maximizing our ability to best deliver on our mission. In 2020, despite so much uncertainty in the world, IFF maintained a strong track record of performance. We continue to be the largest diversified CDFI in the Midwest and one of only five nationally to hold the top-ranked Aeris four-star rating for impact management and AAA rating for financial strength and performance.

The noticeable spike in our revenues was due to a one-time major gift of $15 million from philanthropist MacKenzie Scott in December 2020. IFF was one of 384 nonprofits to receive such a significant gift after a rigorous, data-driven vetting process that identified organizations with strong leadership teams, clear track records of results, and a focus on communities facing challenges related to food insecurity, racial inequity, poverty, and low access to capital.

All charts reflect financial information for IFF standalone as of Dec. 31, 2020. The only exception is for Managed Assets and Managed Loans, which include the Assets/Loans that are managed by IFF but legally owned by its programmatic subsidiaries, NMTC-related entities, Hope Starts Here, and the Foundation for Homan Square. IFF consolidated financial information is available here.

Community Outcomes

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IFF’s clients provide critical services to their communities — education, health care, housing, and more. Here are just a few numbers that reflect the scope of their work over time. This data is based on what IFF clients reported at the time of their loan application or during project construction. The numbers apply only to IFF Loans and do not include outcomes for projects that utilized IFF-deployed New Markets Tax Credits. Last updated: Dec. 31, 2020

Lending Highlights

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Lending highlights focus on IFF loans, including those offered through our New Markets Tax Credits Small Project Fund. Last Updated: Dec. 31, 2020

Managed Real Estate Assets

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Strong nonprofits are essential to strong communities, and the ability of nonprofits to own their facilities is a key part of that equation. Most of the time, that’s where we start — our lending and consulting tools are designed to support nonprofits ready to own facilities.

Sometimes, IFF will temporarily own facilities during a pre-development or construction phase as permanent financing is acquired — or, a bit longer as operations stabilize — before transferring them back to local hands. Other times, and always at the direction of the community, IFF acts as a permanent, long-term owner where no other potential owner is present or ready, but the community demand for the facility is strong.

As a result, IFF now owns and/or manages more than half a million square feet of properties across our footprint.


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One of our five IFF Board-approved equitable community development principles is “community residents and stakeholders engage in visioning and implementation.” We won’t always have scores of ribbon cuttings each year, but how we design our buildings and how we engage community is the very essence of equitable community development.