The Low Income Investment Fund (LIIF) is a nationally recognized nonprofit Community Development Financial Institution (CDFI) headquartered in San Francisco, California. Founded in 1984, LIIF operates as a steward for capital invested in community-building initiatives, serving as a bridge between private capital markets and low-income neighborhoods. The organization maintains regional offices in Los Angeles, New York City, Washington D.C., and Atlanta, and operates across 32 states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$775.8M
+20.7% YoY
Annual Giving
$21.3M
-55.6% YoY
Grant Count
135
-2.9% YoY
Avg Grant Size
$158K
-54.3% YoY
Mission & Focus Areas
LIIF is dedicated to creating pathways of opportunity for low-income people and communities. The organization's mission centers on providing flexible and patient capital to affordable housing developers, early care and education facilities, and community-based organizations. LIIF's work primarily impacts communities of color who have been affected by decades of institutionalized racism, with a vision to help create and support healthy, thriving communities.
Primary program areas include:
- Housing: Affordable housing development and acquisition
- Child Care: Early care and education facility development and expansion
- Education: Education-related community-building initiatives
- Community Economic Development: Urban and community economic development initiatives
- National Policy: Design and implementation of education outreach and advocacy strategies to support federal policy initiatives relevant to LIIF's main programs
Grantmaking
LIIF employs a multi-faceted capital deployment model that includes loans, New Markets Tax Credits, grants, and technical assistance. The organization's primary model operates as a Community Development Financial Institution providing flexible financing alongside selective grants.
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Geographic Focus
Where this funder awards grants
LIIF operates nationally across 32 states with a significant presence in California, New York, Washington D.C., and Georgia through its regional offices.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (2024):
- Total revenues: $88,297,355
- Total expenses: $81,808,063
- Total assets: $775,773,301
- Number of employees: 173
Prior Year (2023):
- Revenue: $108,000,000
- Expenses: $103,000,000
- Total assets: $643,000,000
- Total liabilities: $486,000,000
Historical Impact:
- Over $3.5 billion deployed since 1984
- $5 billion investment commitment (2020-2030) to advance racial equity
- Serves 2.5 million people
- Generated $73 billion in social benefits through job creation, improved health, affordable housing, and higher graduation rates
LIIF holds an S&P credit rating of A-.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $775,773,301 | $642,654,206 | $578,280,279 |
| Revenue | $88,297,355 | $107,952,700 | $61,156,061 |
| Expenses | $81,808,063 | $102,910,131 | $54,325,184 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $3,058,253 | $2,505,695 | $576,978 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REYMUNDO OCANAS | CHAIR | 1 | — |
| JESSICA SAGER | VICE CHAIR | 1 | — |
| RUSSELL BRUEMMER | SECRETARY | 1 | — |
| DIONNE NELSON | TREASURER | 1 | — |
| MARGARET ANADU | DIRECTOR | 1 | — |
| TAWANNA BLACK | DIRECTOR | 1 | — |
| EILEEN FITZGERALD | DIRECTOR | 1 | — |
| DAVID FLEMING | DIRECTOR | 1 | — |
| DONNA GAMBRELL | DIRECTOR | 1 | — |
| CALVIN GLADNEY | DIRECTOR | 1 | — |
| WILLIAM C KELLY JR | DIRECTOR | 1 | — |
| GLORIA LEE | DIRECTOR | 1 | — |
| CAROL NAUGHTON | DIRECTOR | 1 | — |
| ERIKA POETHIG | DIRECTOR | 1 | — |
| YOHANA QUIROZ | DIRECTOR | 1 | — |
| MICHAEL SOLOMON | DIRECTOR | 1 | — |
| DANIEL NISSENBAUM | DIRECTOR & CEO | 40 | $717,709 |
| KIMBERLY LATIMER-NELLIGAN | PRESIDENT | 40 | $491,905 |
| MARIA ARELLANO BAGLIERI | EVP & CHIEF STRATEGY OFFICER | 40 | $286,573 |
| PANAGIOTA MAHENDRU | CFO & EVP | 40 | $386,412 |
| DENISE NOEL | EVP & GENERAL COUNSEL | 40 | $309,097 |
| TINA WALKER | EVP & CHIEF PEOPLE OFFICER | 40 | $19,833 |
| RACHEL L BLUESTEIN | SVP, CHIEF PROGRAM OFFICER | 40 | $286,790 |
| SUSAN HYMAN | SVP, CHIEF CREDIT OFFICER | 40 | $307,918 |
| STEPHANIE MCFADDEN | SVP, CHIEF LENDING OFFICER | 40 | $289,747 |
| KIRSTEN SHAW | VP, NORTHEAST & MID-ATLANTIC REGIONS | 40 | $278,909 |
| CHRISTINA SHIWBALAK | VP, OPERATIONS | 40 | $272,160 |
Recent News & Activity
Recent developments and announcements
In December 2024, LIIF received a landmark $30 million unrestricted grant from MacKenzie Scott's Yield Giving, demonstrating strong institutional recognition and support.
MacKenzie Scott's Yield Giving Awards $30 Million to Low Income ...In 2025, LIIF was awarded LA RISE funding from the Ballmer Group and FireAid for Los Angeles County child care wildfire disaster relief efforts.
LIIF Awarded LA RISE Funding from Ballmer Group and FireAid for ...LIIF released its 2025 Annual Impact Report documenting organizational outcomes and community impact.
Low Income Investment Fund Releases 2025\_Annual\_Impact Report\_ - Low\Contact Information
Address: 50 California Street, Suite 2900, San Francisco, CA 94111
Phone: +1-415-772-9094
Email: info@liifund.org
Website: www.liifund.org
Program-Specific Contacts:
- DC Child Care Programs: childcareDC@liifund.org
- Child Care Facilities Fund: ccff@liifund.org
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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