• Both registered nonprofits and government organizations are eligible to
  • Criteria includes:
    • A 3-year operating history as a 501(c)3 public charity or government equivalent.
    • Annual operating budget of at least $500,000.
    • Audited financial statements for the last three years.
    • No prior loan defaults.
    • In good standing with the IRS.
    • Have an identifiable source of stable income or asset base for repaying the Foundation’s investment.
    • The Foundation prefers to invest in entities with a prior history of repaying invested capital and/or entities led by a management team with such experience.
    • No more than one outstanding loan from the Foundation at any one time.