OPPORTUNITY FINANCE NETWORK
AI Summary
Was this helpful?
Opportunity Finance Network is a 501(c)(3) grantmaking organization that focuses on funding initiatives primarily in California, New York, and Minnesota. With a total of $14.8 million in grants paid to 239 grantees in 2024, the organization operates on a relationship-based model and does not accept unsolicited proposals, granting funds by invitation only. Nonprofits interested in connecting with Opportunity Finance Network can explore warm-introduction pathways through Impala's Funder Prospecting.
Mission Statement
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 450+CDFIS, INCLUDING COMMUNITY BANKS, CREDIT UNIONS, AND LOAN FUNDS. OFN, THROUGH ITS MEMBERS, INVESTS 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 SERVICE OFFERINGS INCLUDE PROVIDING FINANCIAL PRODUCTS AND SERVICES FOR CDFIS, INCREASING THE STRENGTH AND CAPACITY OF THE CDFI INDUSTRY, AND AMPLIFYING THE VOICE OF THE INDUSTRY.
Cause Areas
1
Financial services
Explore this org's ecosystem
See top causes for this funder's grantees, who else funds them, and their grants.
Explore this org's ecosystem
See top causes for this funder's grantees, who else funds them, and their grants.
Grantee
Total Funding
Funding Share
OWEESTA CORPORATION
$1.8M
2%
SPRUCE ROOT INC
$1.1M
1%
SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC
$1.1M
1%
Evaluate your own portfolio
Understand the health of your own grantees and uncover signs of risk.
Evaluate your own portfolio
Understand the health of your own grantees and uncover signs of risk.
Total No. of Grants
53
Median 1st year grant
$100K
Median 2nd year grant
$150K
Top 3 Grants
Matched grants only
Grantee
Grant Size
Frequently Asked Questions
Can I submit an unsolicited grant proposal to OPPORTUNITY FINANCE NETWORK?
No. OPPORTUNITY FINANCE NETWORK does not accept unsolicited proposals. Funding is by invitation only.
Where does OPPORTUNITY FINANCE NETWORK give?
OPPORTUNITY FINANCE NETWORK primarily gives to organizations located in California, New York, and Minnesota. These states represent the largest share of the foundation’s grantmaking by dollars awarded. Additional geographic details are available to registered users.
What size are OPPORTUNITY FINANCE NETWORK’s grants?
The largest share of grants from OPPORTUNITY FINANCE NETWORK fall in the $250 thousand to $500 thousand range. The median first-year grant is about $100 thousand. More detailed grant size data is available to registered users.
How many grants does OPPORTUNITY FINANCE NETWORK make each year?
In 2024, OPPORTUNITY FINANCE NETWORK awarded about 50 grants, totaling nearly $14.8 million. More detailed grant metrics are available to registered users.
Who did OPPORTUNITY FINANCE NETWORK fund recently?
In 2024, OPPORTUNITY FINANCE NETWORK awarded grants to about 240 grantees. Recent grantees include OWEESTA CORPORATION, SPRUCE ROOT INC, and SOLAR & ENERGY LOAN FUND OF ST LUCIE COUNTY INC. More detailed information on all recent recipients is available to registered users.
How do we apply to OPPORTUNITY FINANCE NETWORK?
OPPORTUNITY FINANCE NETWORK does not accept unsolicited proposals. Funding is by invitation only.