Press
A paywalled story published by St. Louis Business Journal highlighted IFF’s 20th anniversary in St. Louis. Included below is an excerpt from the article and a link to the full story on the St. Louis Business Journal website.
A major player in providing capital to nonprofit groups marked its 20th year of work in the St. Louis metro area, providing 242 loans totaling $188 million over that period.
“I can say definitively that is money that would not be in those projects but for IFF,” said Kirby Burkholder, CEO of the Chicago-based nonprofit. He was the founding leader of IFF’s St. Louis office that opened in 2007 and worked there until 2013.
Founded in 1988 as the Illinois Facilities Fund, the rebranded IFF is a community development financial institution. CDFIs receive capital from banks, credit unions and other private sector sources. Those funding sources lend money to IFF, which then turns around and makes loans to nonprofit groups for projects.
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