March 29, 2013
FOR IMMEDIATE RELEASE
For more information contact:
Community Reinvestment Fund, USA
Grant allows CRF to bring financing to even more underserved communities across the Midwest
MINNEAPOLIS - March 29, 2013 - Community Reinvestment Fund, USA, a nonprofit organization that improves the lives of disadvantaged people and strengthens distressed communities through innovative finance, today announced it received a $10,000 grant from State Farm. This is the first grant made to CRF by State Farm.
The contribution directly supports CRF's dedication to creating positive impact in America's underserved areas by providing small businesses access to the financing they need to grow and create jobs and funding affordable housing. With these grant funds, CRF will focus on low-income communities across Illinois, Indiana, Wisconsin, Iowa, Missouri, and Minnesota.
"We are extremely grateful to State Farm for their support of CRF's mission," said Frank Altman, president and chief executive officer for CRF. "This grant will enable CRF to provide opportunity to more individuals and families living and working in low-income communities."
"Small businesses and affordable housing play a vital role in building vibrant communities," said Kristyn Cook-Turner, Vice President of Agency/Sales for State Farm in Minnesota. "We are proud to support CRF's role in developing innovative and new approaches to help drive more capital to distressed communities."
Community Reinvestment Fund, USA (CRF), a nonprofit organization and certified Community Development Financial Institution (CDFI), is the nation's leader in bringing capital to underserved areas. Formed in 1988, CRF has injected more than $1.4 billion into low-income and economically disadvantaged communities around the country to help stimulate job creation and economic development, provide affordable housing, and support community facilities. CRF is headquartered in Minneapolis, MN. www.crfusa.com.
About State Farm
State Farm and its affiliates are the largest provider of car insurance in the U.S. and is a leading insurer in Canada. In addition to providing auto insurance quotes, their 17,800 agents and more than 65,000 employees serve 81 million policies and accounts - more than 79 million auto, home, life and health policies in the United States and Canada, and nearly 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is also available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 43 on the Fortune 500 list of largest companies. For more information, please visit http://www.statefarm.com or in Canada http://www.statefarm.ca.
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Posted by: CRFUSA