About Community Reinvestment Fund
The foundation prioritizes community economic development focused on small business and neighborhood revitalization, frequently providing operating support to community development financial institutions (CDFIs), local development corporations, and individual small enterprises. Grants are often targeted to intermediaries that provide lending and technical assistance (e.g., Invest Detroit, Opportunity Resource Fund) as well as to a broad set of small businesses and start-ups—including many single-location LLCs—suggesting an emphasis on catalytic capital for entrepreneurs and underserved communities. The portfolio shows particular activity in Detroit-area economic revitalization and capacity-building for lending organizations that serve low- and moderate-income neighborhoods.
Focus Areas
CDFIs and community loan funds in post-industrial cities (e.g., Detroit)Small business operating support for neighborhood-scale entrepreneurs and start-ups (restaurants, retail, service LLCs)Neighborhood economic development via local development corporations and reinvestment intermediariesWorkforce/enterprise development programs and microloan intermediaries serving underserved communitiesPlace-based commercial corridor revitalization and catalytic capital for small employers
Giving Approach
About Community Reinvestment Fund
Community Reinvestment Fund Inc’s recent giving is anchored by operating support for community finance intermediaries and neighborhood business support organizations, with repeated grants to groups in Detroit and New York alongside many smaller awards to local businesses in Minnesota. The largest recent grant in the file is $263,656 to Invest Detroit Foundation for operating support, followed by $166,667 grants to Opportunity Resource Fund and Detroit Development Fund. Those awards point to a funder that backs organizations that lend, advise, and deploy capital in local economies rather than making grants to individuals. The portfolio also includes a wide set of $50,000 operating grants to single-location businesses and service companies, suggesting attention to enterprises at the neighborhood scale. Recent recipients include Manana Restaurant 2 LLC in Saint Paul, Lili-nick Inc in Minneapolis, Sidewalk Dog Inc in Edina, and Agelgile Ethiopian Resturant in Saint Paul. Across the record, the foundation’s support reaches both intermediary lenders and operating businesses, with a clear emphasis on community economic development and place-based revitalization.
What Community Reinvestment Fund Funds
Community Reinvestment Fund Inc supports community development financial institutions and related intermediaries through operating grants. In that lane, it gave $263,656 to Invest Detroit Foundation for operating support and $166,667 to Detroit Development Fund for the same purpose. It also funded Opportunity Resource Fund with $166,667 for operating support, showing activity in organizations that provide lending or technical assistance. The foundation also backs neighborhood-scale businesses and startups. Recent examples include $50,000 to The Buttered Tin LLC in Saint Paul, $50,000 to Eastlake Craft Brewery LLC in Minneapolis, and $50,000 to Nochallenge Technology LLC in Prior Lake, all for operating support. A third pattern is support for local development and community finance groups in New York, where awards went to Harlem Entrepreneurial Fund LLC, Trufund Financial Services Inc, and Renaissance Economic Development Corporation.
How Community Reinvestment Fund Gives
Typical grant size clusters around $50,000 at the median, with a lower quartile of $18,750 and an upper quartile also at $50,000. That mix reflects a portfolio of many grants at a common operating-support level, plus a smaller number of larger awards to intermediary organizations. Recurring support is visible: several recipients appear in both 2024 and 2025, including Nyboc Local Development Corporation Dba Pursuit Community Finance, Ascendus Inc, Harlem Entrepreneurial Fund LLC, and Trufund Financial Services Inc. The foundation is a grantmaker, not a lender or program-related investor, and the listed awards are all operating support.
Financial Snapshot
Annual Giving
$350K
Total Assets
$199.1M
Total Revenue
$46.8M
Total Expenses
$31.4M
Typical Grant Size
Most grants fall between $19K and $50K, with a median of $50K.
25th Percentile
$19K
Median
$50K
75th Percentile
$50K
Geographic Reach
Regional3 states funded
Funding intensity
LowHigh
Headquarters
Leadership
MATTHEW ROTH
Accepts unsolicited proposals
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