Community Reinvestment Fund, USA (CRF) is tremendously honored to receive a record $20 million grant from philanthropist MacKenzie Scott. This is the second award CRF has received from Scott, having received a $15 million donation in 2020.
The unprecedented size and unique structure of this grant provides CRF with an extraordinary opportunity to maximize our work in service of small businesses, especially those with a history of being excluded by the financial mainstream.
“We are incredibly grateful to MacKenzie Scott for her unparalleled gift and continued efforts to reimagine how philanthropy can create opportunity where it’s needed most,” said Matthew Roth, President & CEO of CRF. “This extraordinary grant empowers CRF to pursue our mission and lean into our central pillars of collaboration and innovation with even more vigor in our efforts to co-create and develop impactful solutions that strengthen small business ecosystems and support entrepreneurs.”
Serving as a national Community Development Financial Institution (CDFI), direct capital provider, technology company, and supporting organization, CRF works to complement and amplify the scale and effectiveness of the small business ecosystem and serve communities with a history of underinvestment. We achieve this by bringing together a wide range of voices, including public, private, nonprofit, and philanthropic resources to maximize impact.
This grant invigorates the momentum of our work and places CRF in a strong position to advance the creation of a just economy that works for all.
About Community Reinvestment Fund, USA (CRF)
Founded in 1988, Community Reinvestment Fund, USA (CRF) is a national non-profit organization with a mission to improve lives and strengthen communities through innovative financial solutions. A leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations, increases economic mobility, and builds strong local economies through the development of solutions aimed at creating an equitable financial system. CRF has injected more than $3.6 billion to stimulate job creation and economic development and support community facilities.
