Opportunity Finance Network (OFN) is a national nonprofit organization and industry association based in Washington, D.C., serving as a leading network of nearly 500 community development financial institutions (CDFIs) nationwide. OFN functions as a trusted intermediary between CDFIs and public and private sector partners—including foundations, corporations, banks, and government agencies—to catalyze economic opportunity in underserved communities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6B
+736.9% YoY
Annual Giving
$14.8M
-2.8% YoY
Grant Count
53
-20.9% YoY
Avg Grant Size
$279K
+22.9% YoY
Mission & Focus Areas
OFN's mission is to lead CDFIs and their partners to ensure that low-income, low-wealth, and other disadvantaged people and communities have access to affordable, responsible financial products and services.
OFN operates through three strategic pillars:
Money: OFN manages over $1 billion to help CDFIs lend and invest in markets underserved by mainstream banks. This includes on-balance-sheet lending and investing in CDFIs, fee-based fund management services, and CDFI bond guarantee program administration.
Strength: OFN strengthens the CDFI industry by providing peer learning opportunities, research, networking platforms, and signature annual events including the OFN Conference and Small Business Finance Forum for CDFI practitioners, partners, and investors.
Voice: OFN amplifies the CDFI message and secures stakeholder support through strategic communications and policy advocacy, driving awareness that CDFI investments transform communities and change lives while increasing resources to CDFIs.
Grantmaking
OFN manages substantial capital for lending and investment purposes. The organization has received significant grants and impact investments:
Ready to take the next step with Opportunity Finance Network?
Geographic Focus
Where this funder awards grants
OFN's network operates across all 50 states, the District of Columbia, and Puerto Rico, with specific focus on rural, urban, and Native communities. Through 2024, OFN's network provided more than $136 billion in cumulative financing in these communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024 (most recent filing):
- Total Revenue: $2.33 billion
- Total Expenses: $40.96 million
- Total Assets: $2.62 billion
- Total Liabilities: $199 million
- Employees: 85
Organization Status:
- 501(c)(3) tax-exempt nonprofit
- EIN: 20-5189202
- Tax-exempt since August 2008
- Founded: 2006
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,624,374,128 | $313,600,163 | $294,224,646 |
| Revenue | $2,333,785,289 | $24,971,319 | $76,048,439 |
| Expenses | $40,955,651 | $31,233,261 | $36,517,605 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,598,691 | $3,173,095 | $1,035,933 |
| 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
Open Grants
8 open opportunities from Opportunity Finance Network
Carsey School of Public Policy Education Award
OPPORTUNITY FINANCE NETWORK
Amount
$2,500
Deadline
Rolling / Open
COVID-19 CDFI Grant Program
OPPORTUNITY FINANCE NETWORK
Amount
$50,000 - $150,000
Deadline
Rolling / Open
Grant Program Funded by Google.org
OPPORTUNITY FINANCE NETWORK
Amount
Varies
Deadline
Rolling / Open
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Accessity ($500,000), Cook Inlet Lending Center Inc ($500,000), Neighborhood Development Center Inc ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCESSITY SAN DIEGO, CA | OPERATING GRANT | $500,000 |
| ACCOMPANY CAPITAL NEW YORK, NY | OPERATING GRANT | $250,000 |
| ALBANY COMMUNITY TOGETHER INC ALBANY, GA | OPERATING GRANT | $250,000 |
| ALLIES FOR COMMUNITY BUSINESS CHICAGO, IL | OPERATING GRANT | $250,000 |
| ALTCAP KANSAS CITY, MO | OPERATING GRANT | $250,000 |
| BLACK BUSINESS INVESTMENT FUND ORLANDO, FL | OPERATING GRANT | $250,000 |
| CALIFORNIA FARMLINK APTOS, CA | OPERATING GRANT | $250,000 |
| CATALYTIC DEVELOPMENT FUND CORP OF NORTHERN KENTUCKY COVINGTON, KY | OPERATING GRANT | $300,000 |
| CENTER FOR RURAL AFFAIRS COMMUNITY CAPITAL LYONS, NE | OPERATING GRANT | $200,000 |
| CIVIC COMMUNITY PARTNERS SAN DIEGO, CA | OPERATING GRANT | $250,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Harold Pettigrew — President and CEO
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONNA GAMBRELL | BOARD CHAIR UNTIL 12/24 | 2 | — |
| BETSY BIEMANN | BOARD VICE CHAIR UNTIL 10/24 | 2 | — |
| ROBERT VILLARREAL | BOARD TREASURER UNTIL 10/24 | 2 | — |
| DAVID BECK | BOARD MEMBER UNTIL 10/24 | 2 | — |
| AISHA BENSON | BOARD MEMBER | 2 | — |
| MARLA BILONICK | BOARD MEMBER UNTIL 10/24 | 2 | — |
| MARTINA EDWARDS | BOARD MEMBER | 2 | — |
| ELENA GONZALES | BOARD MEMBER UNTIL 10/24 | 2 | — |
| HENRY JIMENEZ | BOARD VICE CHAIR SINCE 10/24 | 2 | — |
| TED PICCOLO | BOARD MEMBER | 2 | — |
| SARA RAZAVI | BOARD MEMBER | 2 | — |
| CHRISTINA TRAVERS | BOARD TREASURER SINCE 10/24 | 2 | — |
| HAROLD PETTIGREW | PRESIDENT & CEO | 40 | $468,873 |
| SKYA DUCHENEAUX | BOARD MEMBER SINCE 10/24 | 2 | — |
| JOHN HOLDSCLAW IV | BOARD MEMBER SINCE 10/24 | 2 | — |
| ARIEL MEYERSTEIN | BOARD MEMBER SINCE 6/24 | 2 | — |
| NELLY ROJAS-MORENO | BOARD MEMBER SINCE 10/24 | 2 | — |
| ARLO WASHINGTON | BOARD MEMBER SINCE 10/24 | 2 | — |
| AMBER KUCHAR BELL | EVP, CHIEF STRATEGY & OPER | 40 | $347,075 |
| SHAKEYDA DANIELS | SVP, FINANCIAL SERVI | 40 | $209,682 |
| DAFINA WILLIAMS | EVP, CHIEF EXTERNAL AFFAIR | 40 | $267,468 |
| MARY WRIGHT | SVP, FINANCIAL SERVI | 40 | $229,978 |
| KEVIN FRYATT SINCE 624 | EVP, CHIEF OPERATING OFFICER | 40 | $153,852 |
| BRENDON MILLER SINCE 124 | EVP, CHIEF OF STAFF & HEAD OF COMMUNICATIONS | 40 | $277,266 |
| SETH JULYAN | EVP, CHIEF NETWORK OFFICER | 40 | $269,260 |
| JESSEL AMIN SINCE 624 | EVP, CHIEF INVESTMENT OFFICER | 40 | $175,459 |
| ADRIENNE SMITH | SVP, RESEARCH | 40 | $185,734 |
| LISA CHENSVOLD | SVP, STRATEGIC COMMU | 40 | $191,766 |
| TAMARA FRYE | SVP, HUMAN RESOURCES | 40 | $200,693 |
| SINDHU LAKSHMANAN | SVP, DEVELOPMENT SER | 40 | $175,031 |
| MARY SCOTT BALYS | VP, PUBLIC POLICY | 40 | $160,407 |
| BETH LIPSON UNTIL 324 | EVP, CHIEF FINANCIAL OFFIC | 40 | $230,540 |
| BHUMIP PATEL UNTIL 1024 | SVP, ACCOUNTING & FI | 40 | $203,976 |
Recent News & Activity
Recent developments and announcements
**Greenhouse Gas Reduction Fund Award:** OFN finalized a historic $2.29 billion award from the Greenhouse Gas Reduction Fund to finance a clean and just energy transition, representing one of eight selections for grants under this federal program.
Opportunity Finance Network Finalizes $2.29 Billion Award to ...**Wells Fargo Grant Deployment:** OFN fully deployed a $25 million grant from Wells Fargo to support mission-driven small business lenders across rural, urban, and Native communities.
Opportunity Finance Network Selected to Receive Historic $2.29 Billion Grant**Affordable Housing Advocacy:** OFN and the National Association of Affordable Housing Lenders (NAAHL) called on the federal government to release more than $1 billion in already-appropriated funding at the CDFI Fund to build and preserve affordable housing.
**Annual Membership Publication:** OFN released "Inside the Membership: Statistical Highlights From OFN Membership, Fiscal Year 2024," an annual publication demonstrating the impact of CDFIs serving Native, rural, and urban Americans.
**Regional Convenings:** OFN held a West Regional Meeting in Seattle with more than 60 attendees from across the region, including CDFIs, mission-driven financial institutions, foundations, and partners.
**Donor-Advised Fund Partnership:** OFN partnered with DAFgiving360 to survey donors and advisors about directing philanthropic dollars toward CDFIs.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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 disadvantaged people and communities have access to affordable, responsible financial products and services. OFN operates through three strategic pillars: **Money:** OFN manages over $1 billion to help CDFIs lend and invest in markets underserved by mainstream banks. This includes on-balance-sheet lending and investing in CDFIs, fee-based fund management services, and CDFI bond guarantee program a…
How do I apply for a grant from Opportunity Finance Network?
OFN manages substantial capital for lending and investment purposes. The organization has received significant grants and impact investments: • **MacArthur Foundation:** OFN received 8 grants and 4 impact investments totaling $35,110,000 between 1992 and 2018, including support for the annual conference and general operations. • **Wells Fargo:** OFN fully deployed a $25 million grant to support mission-driven small business lenders across rural, urban, and Native communities. • **Greenhouse Gas…
Where does Opportunity Finance Network make grants?
OFN's network operates across all 50 states, the District of Columbia, and Puerto Rico, with specific focus on rural, urban, and Native communities. Through 2024, OFN's network provided more than $136 billion in cumulative financing in these communities.
What size grants does Opportunity Finance Network award?
In 2024, Opportunity Finance Network awarded 53 grants totaling $14.8M — an average of about $279K per grant, based on its IRS Form 990 filings.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Opportunity Finance Network's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Jpmorgan Chase Foundation
NEW YORK, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
Gs Donor Advised Philanthropy Fund
NEW YORK, NY
Assets
$12.7B
Grants
7,424
Total Given
$3.0B
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
Local Initiatives Support Corporation
NEW YORK, NY
Assets
$1.6B
Grants
1,119
Total Given
$102.8M
Td Charitable Foundation
PORTLAND, ME
Assets
$9.0M
Grants
1,078
Total Given
$24.3M
The Chicago Community Trust
CHICAGO, IL
Assets
$6.0B
Grants
3,976
Total Given
$1.4B
Truist Foundation Inc
ORLANDO, FL
Assets
$547.9M
Grants
447
Total Given
$67.0M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
Mufg Union Bank Foundation Ag
MILWAUKEE, WI
Assets
$5.8M
Grants
441
Total Given
$8.5M
Silicon Valley Community Foundation
MOUNTAIN VIEW, CA
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Citi Foundation
NEW YORK, NY
Assets
$101.5M
Grants
145
Total Given
$66.9M
Oweesta Corporation
LONGMONT, CO
Assets
$117.8M
Grants
19
Total Given
$2.1M
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Opportunity Finance Network on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Opportunity Finance Network to a real strategy.