Opportunity Finance Network
Opportunity Finance Network (OFN) is a Washington, DC-based public charity, formed in 2006, that leads community development financial institutions (CDFIs) and their partners in providing affordable, responsible financial products and services to underserved people and communities. OFN describes itself as a national network of nearly 500 CDFIs and a finance intermediary that directs capital through them.
Key facts about Opportunity Finance Network
In short: Opportunity Finance Network gave $2.9M across 19 grants in 2025 (avg $151K), top state New York. 63% of 2025 grantees were new. Source: 2025 IRS Form 990.
- EIN
- 20-5189202
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $2,865,000
- Grants made (2025)
- 19
- Average grant
- $150,789
- Median grant
- $150,000
- New grantees (estimate)
- 63% first-time grantees (12 of 19, 2025; small sample)
- Total assets
- $2,739,933,864
- Primary geography
- New York (18% of itemized 2025 grant dollars)
- How to apply
- Finance Justice Fund applicants must be OFN members and apply for financing. Full details ↓
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$2.7B
+4.4% YoY
Annual Giving
$2.9M
-80.6% YoY
Grant Count
19
-64.2% YoY
Avg Grant Size
$151K
-46.0% YoY
Is Opportunity Finance Network open to new grantees?
63%
first-time grantees, 2025
In 2025, 12 of 19 grantees (63%) were first-time recipients. With only 19 grantees, that is a small sample: one grantee more or less moves the share by about 5 points. First grants averaged $155K; repeat grants $143K. How we count
Medians: $150K first-time, $150K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
OFN’s mission is to lead CDFIs and their partners to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services. Its stated purpose is to align capital with justice.
OFN’s Finance Justice Fund supports member CDFIs with low-cost, long-term loans and grant capital. The fund’s stated goal is to help close the racial wealth gap and accelerate CDFI work in rural, urban, and Native communities experiencing persistent poverty and disinvestment. Its application guidance says selection for underwriting considers whether proposed uses serve under-resourced communities, including Black, Latinx, Native, and rural communities.
Examples of organizations receiving OFN grants in 2025 illustrate the range of CDFI missions it supports. Home HeadQuarters says it works to create housing and related opportunities in upstate New York for underserved people and revitalize communities. Community Capital New York describes its work as providing loans and business training to underserved individuals and low-wealth communities, and supporting affordable housing. Northwest Access Fund says it provides customized loans and financial coaching to people with disabilities. Feed the Hunger Fund says it provides capital, technical assistance, and networks to food- and agriculture-related enterprises owned by low-income entrepreneurs and communities.
Grantmaking
In filing year 2025, OFN reported 19 grants totaling $2,865,000. Grants ranged from $100,000 to $215,000, with a median of $150,000. The listed grants were operating grants. The largest was $215,000 to Home HeadQuarters in Syracuse, New York. Other listed grants of $150,000 included awards to Ampac Business Capital in Ontario, California; Atlanta Neighborhood Development Partnership in Atlanta, Georgia; Community Capital New York in Elmsford, New York; Dakota Resources and Grow South Dakota in South Dakota; Feed the Hunger Fund in San Francisco, California; First Children’s Finance in Minneapolis, Minnesota; and Northwest Access Fund in Shoreline, Washington.
OFN’s website says Finance Justice Fund grants are available to members approved for loans, but eligibility does not guarantee a grant. Grant amounts vary with available funds and typically range from $125,000 to $250,000. Grant proceeds may support operations, loan capital, subsidies, loan loss reserves, capacity building, or other purposes that advance the fund’s objectives. The application guidance describes low-cost, fixed-rate loans of up to 10 years and says applicants must be OFN members.
OFN also lists past grant initiatives. Its 2020 Small CDFI Unrestricted Grant Program distributed 19 grants of $50,000 each, and its 2020 COVID-19 CDFI Grant Program awarded grants of $50,000 to $150,000 to smaller member CDFIs. These are past initiatives, not current application opportunities.
How to Apply
Finance Justice Fund applicants must be OFN members and apply for financing. Members approved for loans may be eligible for a grant; grant receipt is not guaranteed. The program page provides membership information and directs small businesses, individuals, and other organizations seeking financing to OFN’s CDFI Locator.
Open Grants
8 open opportunities from Opportunity Finance Network
Carsey School of Public Policy Education Award
Opportunity Finance Network
Amount
$2,500
Deadline
Deadline not published
COVID-19 CDFI Grant Program
Opportunity Finance Network
Amount
$50,000 - $150,000
Deadline
Deadline not published
Grant Program Funded by Google.org
Listed byOpportunity Finance Network
Amount
Varies
Deadline
Rolling (quarterly review)
Ready to take the next step with Opportunity Finance Network?
Geographic Focus
Where this funder awards grants
OFN describes its network and initiatives as serving communities nationwide, including rural, urban, and Native communities. Its 2025 grants went to recipients in multiple states; the largest shares of grant dollars went to recipients in New York (18%), Minnesota (16%), California (10%), South Dakota (10%), and Washington (10%).
Grant Distribution by State
Share of 2025 grant dollars across all 19 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $2.9M (2025) to $21.4M (2022). In 2025 it made 19 grants totaling $2.9M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Home Headquarters ($215K). Together the top 10 received $1.6M.
Grant Size Distribution
333 grants across all recorded years
The most common grant size was in the $100–250K range: 198 grants of 333 (59%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Home Headquarters Syracuse, NY | Operating Grant | $215,000 |
| Ampac Business Capital Ontario, CA | Operating Grant | $150,000 |
| Atlanta Neighborhood Development Partnership Atlanta, GA | Operating Grant | $150,000 |
| Community Capital New York Elmsford, NY | Operating Grant | $150,000 |
| Community Health Center Capital Fund Boston, MA | Operating Grant | $150,000 |
| Community Investment Collaborative Charlottesville, VA | Operating Grant | $150,000 |
| Dakota Resources Renner, SD | Operating Grant | $150,000 |
| Feed the Hunger Fund San Francisco, CA | Operating Grant | $150,000 |
| First Children's Finance Minneapolis, MN | Operating Grant | $150,000 |
| Great Falls Development Authority Inc Great Falls, MT | Operating Grant | $150,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2025 | $2,739,933,864 | $139,737,347 | $33,082,322 | $2,865,000 |
| 2024 | $2,624,374,128 | $2,333,785,289 | $40,955,651 | $14,800,000 |
| 2023 | $313,600,163 | $24,971,319 | $31,233,261 | $15,225,000 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $2,739,933,864 | $2,624,374,128 | $313,600,163 |
| Revenue | $139,737,347 | $2,333,785,289 | $24,971,319 |
| Expenses | $33,082,322 | $40,955,651 | $31,233,261 |
| Net Investment Income | $4,025,212 | $4,598,691 | $3,173,095 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 22, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 1, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Harold Pettigrew as president and CEO. Listed board officers include Aisha Benson, chair; Henry Jimenez, vice chair; and Christina Travers, treasurer. Other listed board members are Martina Edwards, Ted Piccolo, Sara Razavi (board member until October 2025), Skya Ducheneaux, John Holdsclaw IV, and Ariel Meyerstein.
Opportunity Finance Network is led by Harold Pettigrew, President & CEO on every filing since 2023; 21 of 35 officers listed in 2025 are compensated.
Officers on the 2025 filing
Harold Pettigrew
President & CEO
On filings since 2023
40 hrs/week
$251K (2023) → $418K (2025)
Aisha Benson
Board Chair
Board Member → Board Chair, 2025
On filings since 2020
2 hrs/week
No compensation reported
Dafina Williams
Executive Vice President & Chief Public Policy Officer
Executive Vice President & Chief External Affairs Officer → Executive Vice President & Chief External Affair, 2024
Executive Vice President & Chief External Affair → Executive Vice President & Chief Public Policy Officer, 2025
On filings since 2020
40 hrs/week
$117K (2020) → $266K (2025)
Mary Wright
Senior Vice President & Financial Services
Senior Vice President & Financial Services → Senior Vice President & Financial Servi, 2024
Senior Vice President & Financial Servi → Senior Vice President & Financial Services, 2025
On filings since 2020
40 hrs/week
$174K (2020) → $212K (2025)
Seth Julyan
Executive Vice President & Chief Network Officer
Executive Vice President & Membership → Executive Vice President & Network Services, 2022
Executive Vice President & Network Services → Executive Vice President & Chief Network Officer, 2023
On filings since 2020
40 hrs/week
$122K (2020) → $267K (2025)
Shakeyda Daniels
Senior Vice President & Financial Services
Senior Vice President & Financial Services → Senior Vice President & Financial Servi, 2024
Senior Vice President & Financial Servi → Senior Vice President & Financial Services, 2025
On filings since 2020
40 hrs/week
$143K (2020) → $195K (2025)
Amber Kuchar Bell
Executive Vice President & Chief Programs Officer
Executive Vice President, Chief Strategy & Operations Officer → Executive Vice President, Chief Strategy & Oper, 2024
Executive Vice President, Chief Strategy & Oper → Executive Vice President & Chief Programs Officer, 2025
On filings since 2021
40 hrs/week
$95K (2021) → $272K (2025)
Tamara Frye
Senior Vice President & Human Resources
Vice President & Human Resources → Senior Vice President & Human Resources, 2022
On filings since 2021
40 hrs/week
$120K (2021) → $180K (2025)
Adrienne Smith
Senior Vice President & Research
On filings since 2022
40 hrs/week
$128K (2022) → $191K (2025)
Sindhu Lakshmanan
Senior Vice President & Development Ser
Senior Vice President & Development Services → Senior Vice President & Development Ser, 2024
On filings since 2022
40 hrs/week
$130K (2022) → $182K (2025)
Brendon Miller
Executive Vice President, Chief of Staff & Head of Communications
On filings since 2024
40 hrs/week
$277K (2024) → $283K (2025)
Jessel Amin
Executive Vice President & Chief Investment Officer
On filings since 2024
40 hrs/week
$175K (2024) → $324K (2025)
Kevin Fryatt
Executive Vice President & Chief Financial Officer
Executive Vice President & Chief Operating Officer → Executive Vice President & Chief Financial Officer, 2025
On filings since 2024
40 hrs/week
$154K (2024) → $329K (2025)
Mary Scott Balys
Vice President & Public Policy
On filings since 2024
40 hrs/week
$160K (2024) → $177K (2025)
Abhilash Rajan
Senior Vice President, Information Technology & Facilities Administrator
New on the 2025 filing
40 hrs/week
$201K (2025)
Anthony Berkley
Executive Vice President & Chief Development Officer
New on the 2025 filing
40 hrs/week
$273K (2025)
Anthony Wilder Puzzuoli
Senior Vice President & Membership
New on the 2025 filing
40 hrs/week
$175K (2025)
Bianca Prade
Senior Vice President & Strategic Communications
New on the 2025 filing
40 hrs/week
$122K (2025)
Constance Samuels
Senior Vice President & Events Since
New on the 2025 filing
40 hrs/week
$135K (2025)
Damayanti Halder
Senior Vice President & Data
New on the 2025 filing
40 hrs/week
$167K (2025)
Mohammad Hourani
Senior Vice President, Finance & Accounting
New on the 2025 filing
40 hrs/week
$234K (2025)
Regina Ross
Executive Vice President, Chief People & Operations Officer
New on the 2025 filing
40 hrs/week
$365K (2025)
Christina Travers
Board Treasurer
Board Member → Board Treasurer Since, 2024
Board Treasurer Since → Board Treasurer, 2025
On filings since 2020
2 hrs/week
No compensation reported
Sara Razavi
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Ted Piccolo
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Henry Jimenez
Board Vice Chair
Board Member → Board Vice Chair Since, 2024
Board Vice Chair Since → Board Vice Chair, 2025
On filings since 2022
2 hrs/week
No compensation reported
Martina Edwards
Board Member
On filings since 2023
2 hrs/week
No compensation reported
Ariel Meyerstein
Board Member
Board Member Since → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Arlo Washington
Board Member
Board Member Since → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
John Holdsclaw IV
Board Member
Board Member Since → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Nelly Rojas-Moreno
Board Member
Board Member Since → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Skya Ducheneaux
Board Member
Board Member Since → Board Member, 2025
On filings since 2024
2 hrs/week
No compensation reported
Chuck Wall
Board Member Since
New on the 2025 filing
2 hrs/week
No compensation reported
Demario Greene
Board Member Since
New on the 2025 filing
2 hrs/week
No compensation reported
Titi Ikhile
Board Member Since
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (23)
- Former: Beth Lipson (2020–2024) — Executive Vice President & Chief Financial Officer · Filing note: Until 324
- Former: Betsy Biemann (2020–2024) — Board Vice Chair
- Former: David Beck (2020–2024) — Board Member
- Former: Donna Gambrell (2020–2024) — Board Chair
- Former: Marla Bilonick (2020–2024) — Board Member
- Former: Robert Villarreal (2020–2024) — Board Treasurer
- Former: Elena Gonzales (2021–2024) — Board Member
- Former: Bhumip Patel (2022–2024) — Senior Vice President & Accounting · Filing note: Until 10/2024
- Former: Lisa Chensvold (2023–2024) — Senior Vice President & Strategic Communications
- Former: Andrea Longton (2020–2023) — Senior Vice President, Development & Capitalization
- Former: Jennifer Vasiloff (2020–2023) — Executive Vice President & Chief External Affairs Officer
- Former: Khalid Sarwary (2022–2023) — Senior Investment Officer
- Former: Carla Mannings (2020–2022) — Board Member
- Former: Lisa Mensah (2020–2022) — President & CEO
- Former: Laurie Curran (2022) — Vice President & Accounting
- Former: Amir Kirkwood (2020–2021) — Chief Lending & Investment
- Former: Andrew Givens (2020–2021) — Chief Operating Officer
- Former: Donna Fabiani (2020–2021) — Executive Vice President & Knowledge Sh
- Former: Lina Page (2020–2021) — Executive Vice President & Strategic Co
- Former: Elisa Johnson (2021) — Senior Vice President & Network Services
- Former: Chrystel Cornelius (2020) — Board Member
- Former: Jim King (2020) — Board Member & Chair
- Former: Pearl Wicks (2020) — Board Member
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $418K, to Harold Pettigrew (President & CEO). 21 officers or directors reported compensation on that filing.
Contact
Mailing address: 901 D Street Sw Suite 1050, Washington, DC 20024
Phone: (202) 573-2123
Website: https://ofn.org
Frequently asked questions about Opportunity Finance Network
How much does Opportunity Finance Network give each year?
Opportunity Finance Network gave $2.9M across 19 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $14.8M across 53 grants.
What is Opportunity Finance Network's typical grant size?
Opportunity Finance Network's median grant in 2025 was $150,000, and its average grant was $150,789, across 19 grants on its 2025 IRS Form 990. Organizations receiving their first grant from Opportunity Finance Network that year got $155K on average.
Where does Opportunity Finance Network give grants?
Opportunity Finance Network's top state is New York, with 18% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Minnesota (16%) and California (10%). The most frequent recipient cities were Minneapolis, MN (2 grants).
Does Opportunity Finance Network give general operating support?
Yes: 100% of Opportunity Finance Network's 2025 grants with a stated purpose (19 of 19) were for general or operating support, per its 2025 IRS Form 990.
Who are Opportunity Finance Network's largest grantees?
Opportunity Finance Network's largest 2025 grantees include Home Headquarters ($215,000), Ampac Business Capital ($150,000) and Atlanta Neighborhood Development Partnership ($150,000), according to its 2025 IRS Form 990. Together they received 18% of its itemized 2025 grant dollars.
How large is Opportunity Finance Network?
Opportunity Finance Network reported $2.7B in total assets on its 2025 IRS Form 990. Its revenue that year was $139.7M.
What does Opportunity Finance Network fund?
OFN’s mission is to lead CDFIs and their partners to ensure that low-income, low-wealth, and other underserved people and communities have access to affordable, responsible financial products and services. Its stated purpose is to align capital with justice. See mission & focus areas ↑
How do I apply for a grant from Opportunity Finance Network?
Finance Justice Fund applicants must be OFN members and apply for financing. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Opportunity Finance Network's EIN?
Opportunity Finance Network's EIN (Employer Identification Number) is 20-5189202. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Here's the math on researching Opportunity Finance Network by hand.
Explore Open Grants
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Opportunity Finance Network down — hundreds of funders to go?