OPPORTUNITY FINANCE NETWORK
PHILADELPHIA, PA · Public & Society Benefit
Mission
OPPORTUNITY FINANCE NETWORK'S (OFN) MISSION IS TO LEAD COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND THEIR PARTNERS TO ENSURE THAT LOW-INCOME, LOW-WEALTH, AND OTHER DISINVESTED PEOPLE AND COMMUNITIES HAVE ACCESS TO AFFORDABLE, RESPONSIBLE FINANCIAL PRODUCTS AND SERVICES. OFN IS A NATIONAL LEADERSHIP NETWORK OF MORE THAN 400 CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVEST IN LOW-INCOME AND UNDERSERVED RURAL, URBAN, AND NATIVE AMERICAN COMMUNITIES ACROSS ALL 50 STATES IN AMERICA; PROVIDING AFFORDABLE, RESPONSIBLE CREDIT THAT FINANCES COMMUNITY BUSINESSES, SPARKS JOB GROWTH IN THE AREAS THAT NEED IT MOST, AND DELIVERING BOTH SOUND FINANCIAL RETURNS AND REAL CHANGES FOR PEOPLE AND COMMUNITIES. OFN'S PROGRAM AND SERVICES INCLUDES PROVIDING FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, INCREASING THE STRENGTH AND CAPACITY OF THE CDFI INDUSTRY, AS WELL AS AMPLIFYING THE VOICE OF THE INDUSTRY.
Financials (IRS Form 990)
Source: IRS Form 990, tax year 2023.
Who funds OPPORTUNITY FINANCE NETWORK
$107M in foundation grants on record from 15 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| National Philanthropic Trust | $25M | 1 |
| Tides Foundation | $21.8M | 3 |
| American Online Giving Foundation | $5.1M | 3 |
| Focusing Philanthropy | $2.9M | 3 |
| Winston-Salem Foundation | $500K | 1 |
| Charities Aid Foundation America | $300K | 4 |
| Donor Advised Charitable Giving | $250K | 1 |
| New Venture Fund | $200K | 1 |
| Community Foundation | $200K | 2 |
| Blackbaud Giving Fund | $100K | 2 |
Leadership
BHUMIP PATEL — SVP ACCOUNTING & FINANCE (Principal officer)
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