Grantee Profile

Opportunity Finance Network

Grants to Opportunity Finance Network

  • $200,000Active Strategy

    2016 (Duration 1 year, 5 months)

    Impact Investments

    PHILADELPHIA, PENNSYLVANIA — Opportunity Finance Network  is the national network of Community Development Financial Institutions (CDFIs) investing in low-income, low-wealth, and other disinvested communities in the U.S. Its members include community development banks, credit unions, loan funds, and venture capital funds operating in urban, rural, and Native communities. These organizations also spur economic growth and job creation and build stronger and healthier individuals, families, and neighborhoods. Each year, the Opportunity Finance Network presents the NEXT Awards, a competitive program created in 2007, to increase the number of high-impact, top-performing CDFIs. The Foundation has supported this effort since inception providing a $30 million PRI. As part of the tenth anniversary of the NEXT Awards, OFN is creating two videos that highlight the impact and innovation of 13 CDFIs supported through this groundbreaking program. They also describe ways in which investing in CDFIs allows for social impact with a financial return.

  • $250,000

    2008 (Inactive Grant)

    PHILADELPHIA, PENNSYLVANIA — In support of the project, The NEXT American Opportunity: Good Policies for a Great America.

  • $25,000,000Active Strategy

    2007 (Duration 14 years, 10 months)

    Impact Investments

    PHILADELPHIA, PENNSYLVANIA — Program-Related Investment in support of major funding for ten premier Community Development Financial Institutions that will be selected over the next five years through a new national program conducted in partnership with Wachovia Bank.

  • $635,000Active Strategy

    2004 (Inactive Grant)

    Policy Research

    PHILADELPHIA, PENNSYLVANIA — In support of general operations (over three years).

  • $250,000Active Strategy

    2003 (Inactive Grant)

    Policy Research

    PHILADELPHIA, PENNSYLVANIA — In support of the Community Development Financial Institutions Data Project.

  • $500,000Active Strategy

    2002 (Inactive Grant)

    Impact Investments

    PHILADELPHIA, PENNSYLVANIA — In support of general operations (over two years).

  • $300,000

    1999 (Inactive Grant)

    Community Development

    PHILADELPHIA, PENNSYLVANIA — In support of general operations (over two years).

  • $100,000

    1997 (Inactive Grant)

    Community Development

    PHILADELPHIA, PENNSYLVANIA — To increase the capacity of the community development financial intermediary industry.

  • $2,000,000Active Strategy

    1996 (Inactive Grant)

    Impact Investments

    PHILADELPHIA, PENNSYLVANIA — Program-related investment for programs to provide community development loan funds to economically disadvantaged communities.

  • $25,000

    1996 (Inactive Grant)

    Policy

    PHILADELPHIA, PENNSYLVANIA — To support an annual training program for members.

The MacArthur Foundation awarded Opportunity Finance Network $29,260,000 between 1978 and 2017.

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Wells Fargo NEXT Awards for Opportunity Finance Honor Three Community Development Lenders

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