Why invest in CCLF?

By investing with CCLF, you share tangibly in financing positive change in low- and moderate-income communities across the six counties of metropolitan Chicago. CCLF prudently manages your investment while underwriting community projects in affordable and supportive housing, social services, social enterprises and economic development projects that provide employment opportunities and goods and services for neighborhood residents.

How it Works

Investors who want to make a positive social impact accept a below-market return—typically 0 to 2.5 percent—in exchange for a social dividend. The spread between the below-market rate and what CCLF earns on our community investments helps to offset operating costs. Investment terms range from one to fifteen years, and interest is typically paid semiannually.

Our investors include banks and corporations, foundations, religious institutions, public sector agencies and individuals. Investments range from a minimum of $1,500 to $8 million or more, yet nearly half of CCLF’s investors are individuals and families who want part of their investment portfolio to help create communities where people thrive. All investments—small and large—are vital to continue our work.


thumbnail of 2017 Annual Financial Report

2017 Annual Financial Report

thumbnail of 2016 Annual Financial Report

2016 Annual Financial Report

thumbnail of fy15-financial-statements-public

2015 Annual Financial Report

thumbnail of fy14-financial-statements-public

2014 Annual Financial Report

thumbnail of fy13-financial-statements-public

2013 Annual Financial Report

thumbnail of fy12-financial-statements-public

2012 Annual Financial Report











Please contact us if you have any questions about our financial statements.

Investment Management

Although investments are uninsured and carry no guarantees, CCLF manages its investors’ capital according to stringent guidelines established by the Opportunity Finance Network, the leading network of community development financial institutions. Security is provided by the pooled risk that a fund provides, loan loss reserves, permanent equity and subordinated debt investments.

CCLF is a federally certified community development financial institution (CDFI) and since 2006 has been rated rated by AERIS™, the CDFI Assessment and Rating System, a comprehensive, third-party analysis that provides guidance to investors and donors.

CCLF is audited annually by an independent public accounting firm and has consistently received an unqualified opinion. As a recipient of federal funds, CCLF has also received an A-133 audit with no exceptions noted.

If you have more questions regarding the investment process, please contact our Chief Financial Officer.




Special thanks to our other investors:

John D. and Catherine T. MacArthur Foundation, State Farm, Trinity Health Corporation, ThePrivate Bank, HSBC, Citizens Bank, Woodforest National Bank, First Savings Bank of Hegewisch, Catholic Health Initiatives, Wieboldt Foundation, Opportunity Finance Network, Congregation of the Sisters of Charity of the Incarnate Word, Marquette Bank, First Eagle Bank, Andrea Raila and Associates, MB Financial Bank, Jessie Smith Noyes Foundation. Inc., Sisters of Mercy of the Americas, Sisters of St. Dominic, Sinsinawa Dominicans Inc., Sisters of Charity of St. Elizabeth, Congregation of the Passionate Fathers, Episcopal Diocese of Iowa, Congregation of Sisters of St. Agnes, Our Lady of Victory Missionary Sisters, School Sisters of St. Francis, Amalgamated Bank of Chicago

Special thanks to our individual investors:

The Suzanne LaFetra Trust, Jonathan and Connie Heller, Donna Altschuler, Marisa Whitesell, Shiela Brady, Karuna Trust, Joan Berry, Woodlands Investment Management, Louise J. Bowditch Trust, Robert S. Bowditch Trust Phyllis J Hatfield Living Trust, Kay Berkson, Chris and Korie Stanley, Susan Lloyd, Richard & Phyllis Tholin, Emanuella T. Kenny, Lucy & Peter Ascoli, Mr.Phillip Dean, Jr., Jill & Ronald Rohde, Henry A. Dwyer & Helen Murray, Kathy Tholin, Sara Jo Light, Irene D. Ginger, Kristin Faust, Darryl & Jamie Hales, Steven & Geneveva Feuerstein, 1993 Board of Directors Invest, Gregory N. Jeffries, Simrit Dhesi, Kristin Marie Ginger, and various anonymous donors.