The Reinvestment Fund Inc
The Reinvestment Fund Inc is a Philadelphia-based public charity that uses financing, data, and partnerships to expand access to essential opportunities in underserved communities. Its work includes financing affordable housing, schools, health care, healthy food retail, and local businesses, as well as grants, technical assistance, and policy analysis.
The Reinvestment Fund Inc at a glance
In short: The Reinvestment Fund Inc gave $10.1M across 170 grants in 2024 (avg $59K), top state Pennsylvania. 52% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $10,094,481
- -30.6% vs 2023
- Grants made (2024)
- 170
- +6.9% vs 2023
- Average grant
- $59,379
- -35.1% vs 2023
- Median grant
- $27,887
- Total assets
- $698,442,334
- +4.3% vs 2023
- New grantees (estimate)
- 52% first-time grantees (88 of 170, 2024)
- Primary geography
- Pennsylvania (27% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Reinvestment Fund Inc
- Contact
Mailing address: 1700 Market Street 19Th Floor, Philadelphia, PA 19103
Phone: (215) 574-5800
Website: https://reinvestment.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
4 open opportunities from The Reinvestment Fund Inc
America’s Healthy Food Financing Initiative: Partnerships Program
The Reinvestment Fund Inc
Amount
Varies
Deadline
Deadline not published
Food Access and Retail Expansion (FARE) Fund Grant
The Reinvestment Fund Inc
Amount
Varies
Deadline
Deadline not published
Philadelphia Food Justice Initiative Grant
The Reinvestment Fund Inc
Amount
Varies
Deadline
Deadline not published
Who The Reinvestment Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Elite Contractors & Hvac Services LLC ($350K). Together the top 10 received $2.3M.
Grant Size Distribution
1,049 grants across all recorded years
The most common grant size was under $50K: 780 grants of 1,049 (74%).
Geographic Focus
Where this funder awards grants
The organization reported lending $248 million across 20 states in 2024. In its 2024 grants, Pennsylvania received the largest share of grant dollars (27%), followed by New Jersey and the District of Columbia (9% each), and California and Ohio (6% each). Its Sustainable Development Fund serves eligible projects in PECO electric service territory in southeastern Pennsylvania.
Grant Distribution by State
Share of 2024 grant dollars across all 170 itemized grants.
States
Cities
Is The Reinvestment Fund Inc open to new grantees?
52%
first-time grantees, 2024
In 2024, 88 of 170 grantees (52%) were first-time recipients. First grants averaged $52K; repeat grants $68K. How we count
Medians: $22K first-time, $46K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $6.1M (2021) to $14.6M (2023). In 2024 it made 170 grants totaling $10.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Elite Contractors & Hvac Services LLC North Wales, PA | Funding to Child Care Providers | $350,000 |
| Children's Playhouse Fairhill Philadelphia, PA | Funding to Child Care Providers | $325,290 |
| Ann Kids Inc Holland, PA | Funding to Child Care Providers | $325,000 |
| County of Dallas Dallas, TX | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $200,000 |
| Queen Mother's Market Cooperative Cincinnati, OH | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $200,000 |
| Frog Song Organics LLC Hawthorne, FL | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $193,400 |
| Manuels Food Market LLC Albuquerque, NM | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $192,580 |
| Land & Furrow LLC Skowhegan, ME | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $188,400 |
| Eva's Village Inc Paterson, NJ | Building healthier, more equitable communities (BHEC) in New Jersey | $180,000 |
| Wooster Local Foods Cooperative Wooster, OH | Funding to expand or preserve the availability of staple and perishable foods in underserved areas with low and moderate income populations by maintaining or increasing the number of retail outlets that offer an assortment of perishable and staple foods in those areas | $169,700 |
Ready to take the next step with The Reinvestment Fund Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $698,442,334 | $56,470,670 | $49,646,075 | $10,094,481 | 170 | $4,894,249 |
| 2023 | $669,610,468 | $78,044,764 | $51,306,065 | $14,554,313 | 159 | $2,527,001 |
| 2022 | $609,720,317 | $54,478,225 | $40,371,633 | $8,174,637 | 121 | $-2,420,870 |
| 2021 | $609,259,384 | $44,624,452 | $36,009,679 | $6,073,634 | 130 | $-374,335 |
| 2020 | $630,963,967 | $76,263,402 | $39,904,589 | $9,629,183 | 469 | $1,488,761 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The organization’s stated mission is to create opportunity for underserved people and places through partnerships, using capital, analytics, and expertise to build strong, healthy, and more equitable communities.
Its core lending supports homes, schools, healthy food retail, health care, and other projects benefiting low-wealth people and places. Other work includes policy and data analysis, and grants and technical assistance intended to make access to capital more equitable, particularly in early childhood education, food, and social determinants of health. In 2024, it reported providing more than $41 million in grants and technical assistance.
Its food-systems work includes financing, grants, and technical assistance to support food access, food security, and inclusive food businesses. The organization also offers New Markets Tax Credit financing for projects in severely distressed census tracts, including community services, economic opportunity, and community revitalization. Its Sustainable Development Fund provides financing for eligible energy projects in PECO electric service territory in southeastern Pennsylvania.
The 2024 grants included funding for child care providers and food retail or supply-chain projects, among other purposes. Grantees’ stated missions illustrate the kinds of organizations supported: Eva’s Village says it empowers people in need to live stable, healthy, and productive lives; City Green says it works to revitalize urban areas through agriculture and education and support equitable access to healthy food; and Food Works says it works to create a sustainable food economy in Southern Illinois.
Grantmaking
In 2024, the organization reported 170 grants totaling $10,094,481. Awards ranged from $5,325 to $350,000, with a median grant of $27,886. The largest listed award was $350,000 to Elite Contractors & HVAC Services LLC for funding to child care providers. Other large awards included $325,290 to Children’s Playhouse Fairhill and $325,000 to ANN Kids Inc., also for child care providers. County of Dallas and Queen Mother’s Market Cooperative each received $200,000 for projects to expand or preserve access to staple and perishable foods in underserved areas.
The organization lists the Philadelphia Food Justice Initiative Grant, the HFFI Partnerships Program, and the Food Access and Retail Expansion (FARE) Fund Grant as currently open. The Philadelphia initiative supports community-led food-justice projects in Philadelphia. The HFFI Partnerships Program offers grants to support local, regional, or state partnerships building food-financing programs. FARE supports fresh-food retail and food-system enterprises in underserved areas through grants, loans, and technical assistance. For New Markets Tax Credit financing, the organization directs applicants to submit Part One of an intake form for project consideration.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists the following board members: Cynthia Figueroa, Daniel Hayes, Dudley Benoit, Lisa Detwiler, Ivy Dench-Carter, Katherine O’Regan, Marland Buckner, Melissa Weiler Gerber, Michael Davis, and Phyllis Cater. Listed committee roles included finance, audit, policy advisory, governance, and community advisory leadership.
The Reinvestment Fund Inc is led by Donald Hinkle-Brown, President & CEO on every filing since 2020; 15 of 31 officers listed in 2024 are compensated.
Officers on the 2024 filing
Donald Hinkle-Brown
President & CEO
On filings since 2020
37.5 hrs/week
$552K (2020) → $649K (2024)
Christina Szczepanski
President, Lending & Investment
Managing Director, Finance & Port. Management → President, Lending & Investments, 2023
President, Lending & Investments → President, Lending & Investment, 2024
On filings since 2020
37.5 hrs/week
$184K (2020) → $342K (2024)
Emily Dowdall
President & Policy Solution
President & Policy Solutions → President & Policy Solution, 2024
On filings since 2023
37.5 hrs/week
$220K (2023) → $241K (2024)
Katherine O'Regan
Board Member & Policy Advisory Chair
Board Member → Board Member & Policy Advisory Chair, 2024
On filings since 2020
1.5 hrs/week
No compensation reported
Lisa Detwiler
Board Member & Audit Committee Chair
Board Member → Board Member & Audit Committee Chair, 2023
On filings since 2020
2 hrs/week
No compensation reported
Phyllis Cater
Board Member & Community Advisory Chair
Board Member → Board Member & Community Advisory Chair, 2024
On filings since 2020
1.5 hrs/week
No compensation reported
Saul A. Behar
Board Chair & Compensation
Board Vice Chair & Audit Committee Chair → Board Chair & Compensation Committee, 2023
Board Chair & Compensation Committee → Board Chair & Compensation, 2024
On filings since 2020
3 hrs/week
No compensation reported
Cheila Fernandez
COO & Corporate Secretary
Ccro & Assistant Secretary → COO & Secretary, 2021
COO & Secretary → COO & Corporate Secretary, 2022
On filings since 2020
37.5 hrs/week
$248K (2020) → $490K (2024)
Ira Goldstein
Senior Advisor & Policy Sol
President of Policy Solutions → Senior Advisor & Policy Solutions, 2023
Senior Advisor & Policy Solutions → Senior Advisor & Policy Sol, 2024
On filings since 2020
37.5 hrs/week
$254K (2020) → $291K (2024)
Tracy Murray Moore
Chief Human Resources Officer
On filings since 2020
37.5 hrs/week
$191K (2020) → $269K (2024)
Sara Vernon Sterman
Chief Programs Officer
On filings since 2021
37.5 hrs/week
$184K (2021) → $287K (2024)
Kareem Thomas
Chief Credit Officer
Managing Director, Credit & Port. Management → Chief Credit Officer, 2023
On filings since 2022
37.5 hrs/week
$207K (2022) → $391K (2024)
Rhonda Smith
Assistant Corporate Secretary
On filings since 2022
37.5 hrs/week
$91K (2022) → $107K (2024)
Amanda High
Outgoing-Cso
Chief Strategy Officer → Outgoing-Cso, 2024
On filings since 2023
37.5 hrs/week
$357K (2023) → $289K (2024)
Charles Lichtenwalner
Md & Information Technology
New on the 2024 filing
37.5 hrs/week
$220K (2024)
Robert Cox
Md & Community Lending
New on the 2024 filing
37.5 hrs/week
$271K (2024)
Tiffany Canady
Chief Financial Officer
New on the 2024 filing
37.5 hrs/week
$271K (2024)
Tiffany Patterson
Cc & Mission Officer
New on the 2024 filing
37.5 hrs/week
$279K (2024)
Troy Spence
Md, Risk & Compliance
New on the 2024 filing
37.5 hrs/week
$231K (2024)
Daniel Hayes
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Dudley Benoit
Board Member & Finance Committee
Finance Chair → Board Member & Finance Committee Chair, 2023
Board Member & Finance Committee Chair → Board Member & Finance Committee, 2024
On filings since 2020
2 hrs/week
No compensation reported
Marland Buckner
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Michael Davis
Board Member & Governance C
Governance Committee Chair → Board Member & Governance Committee Chair, 2023
Board Member & Governance Committee Chair → Board Member & Governance C, 2024
On filings since 2020
2 hrs/week
No compensation reported
Raymond Skinner
Board Member & Loan Committee
Loan Committee Chair → Board Member & Loan Committee Chair, 2023
Board Member & Loan Committee Chair → Board Member & Loan Committee, 2024
On filings since 2020
2.5 hrs/week
No compensation reported
Sandeep Wadhwa
Board Member
On filings since 2020
1.5 hrs/week
No compensation reported
Ivy Dench-Carter
Board Member
On filings since 2022
1.5 hrs/week
No compensation reported
Raquel Favela
Board Member
On filings since 2022
1.5 hrs/week
No compensation reported
Cynthia Figueroa
Board Member
On filings since 2023
1.5 hrs/week
No compensation reported
Melissa Weiler Gerber
Board Member
On filings since 2023
1.5 hrs/week
No compensation reported
Vicki Lundy-Wilbon
Board Member
On filings since 2023
1.5 hrs/week
No compensation reported
Wendell Pritchett
Board Member
On filings since 2023
1.5 hrs/week
No compensation reported
Former officers (16)
- Former: Michael M. Crist (2020–2023) — Outgoing-Cfo
- Former: Nancy Wagner-Hislip (2020–2023) — Outgoing-Chief Investment Officer
- Former: Timothy Gillespie (2020–2023) — Treasurer
- Former: Tracy Petrofsky (2020–2023) — Senior Director & Operations Strategic Priorities
- Former: Ivy Carter-Dench (2023) — Board Member
- Former: Kathy O'Regan (2023) — Board Member
- Former: M. Amanda High (2020–2022) — Chief Impact, Development & Innov. Officer
- Former: Mark Zandi (2020–2022) — Board Chair & Comp. Committee Chair
- Former: Vicki Lundy Wilbon (2020–2022) — Board Member
- Former: Caroline Rosch (2022) — Managing Director, Port. Strategy & Ops.
- Former: Andrew Rachlin (2020–2021) — Managing Director & Lending
- Former: Barry Porozni (2020–2021) — Chief Information Officer
- Former: Scott M. Jenkins (2020–2021) — Treasurer & Finance Committee Chair
- Former: Trinita Logue (2020–2021) — Governance Committee Chair
- Former: John S. Summers (2020) — Board Member
- Former: Shannon Frese (2020) — Secretary · Filing note: Thru 212020
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $649K, to Donald Hinkle-Brown (President & CEO). 15 officers or directors reported compensation on that filing.
Frequently asked questions about The Reinvestment Fund Inc
How much does The Reinvestment Fund Inc give each year?
The Reinvestment Fund Inc gave $10.1M across 170 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $14.6M across 159 grants.
What is The Reinvestment Fund Inc's typical grant size?
The Reinvestment Fund Inc's median grant in 2024 was $27,887, and its average grant was $59,379, across 170 grants on its 2024 IRS Form 990. Organizations receiving their first grant from The Reinvestment Fund Inc that year got $52K on average.
Where does The Reinvestment Fund Inc give grants?
The Reinvestment Fund Inc's top state is Pennsylvania, with 27% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were New Jersey (9%) and District of Columbia (9%). The most frequent recipient cities were Philadelphia, PA (40 grants), Washington, DC (39 grants), Paterson, NJ (2 grants) and Cincinnati, OH (2 grants).
Does The Reinvestment Fund Inc give general operating support?
Not in 2024: none of the 170 grants with a stated purpose on The Reinvestment Fund Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Funding to Child Care Providers" (53 grants).
Who are The Reinvestment Fund Inc's largest grantees?
The Reinvestment Fund Inc's largest 2024 grantees include Elite Contractors & Hvac Services LLC ($350,000), Children's Playhouse Fairhill ($325,290) and Ann Kids Inc ($325,000), according to its 2024 IRS Form 990. Together they received 10% of its itemized 2024 grant dollars.
How large is The Reinvestment Fund Inc?
The Reinvestment Fund Inc reported $698.4M in total assets on its 2024 IRS Form 990. Its revenue that year was $56.5M.
What does The Reinvestment Fund Inc fund?
The organization’s stated mission is to create opportunity for underserved people and places through partnerships, using capital, analytics, and expertise to build strong, healthy, and more equitable communities. See mission & focus areas ↑
How do I apply for a grant from The Reinvestment Fund Inc?
The Reinvestment Fund Inc has no public application process in the sources Grantable reviewed. Check reinvestment.com for current guidelines, or contact the foundation directly before submitting a request.
What is The Reinvestment Fund Inc's EIN?
The Reinvestment Fund Inc's EIN (Employer Identification Number) is 23-2331946. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 18, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 5, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS October 11, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 8, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Reinvestment Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Reinvestment Fund Inc funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/the-reinvestment-fund-inc-morg_52ebe4182a364ab4b9bdc9743f46e232
BibTeX
@misc{grantable_232331946_2026,
author = {{Grantable}},
title = {{The Reinvestment Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-reinvestment-fund-inc-morg_52ebe4182a364ab4b9bdc9743f46e232},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Reinvestment Fund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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