Author Archives: awashington@trufund.org

The Financial Foundation Behind Community Impact

By Stephanie Kabore Turquin, Senior Vice President | Chief Financial Officer When people think about Community Development Financial Institutions, they often focus on the visible outcomes: the small businesses we help grow, the affordable housing developments that transform neighborhoods, and the low-income communities we help strengthen. Yet behind every loan disbursed, every grant administered, every […]

TruFund Financial Services Receives $2.3 Million Grant from JPMorganChase to Expand Access to Capital for Small Businesses

FOR IMMEDIATE RELEASE NEW YORK, NY (June 1, 2026) — TruFund Financial Services, a leading nonprofit Community Development Financial Institution (CDFI), today announced it has received a $2.3 million grant from JPMorganChase as part of the firm’s newly launched American Dream Initiative, an effort designed to expand access to capital for underserved entrepreneurs and strengthen […]

TruFund’s Tru-Capital Investment Fund Invests in CB-Emmanuel Realty to Accelerate Affordable Housing Development and Community Revitalization

FOR IMMEDIATE RELEASE NEW YORK, NY — May 20, 2026 — Tru-Capital Investment Fund LLC (“Tru-Capital”), a wholly owned subsidiary of TruFund Financial Services, today announced a strategic preferred equity investment in CB-Emmanuel Realty, LLC (“CB-Emmanuel”), a New York-based real estate development firm focused on affordable, mixed-use, residential, and commercial development projects in historically […]

TruFund Financial Services Receives $1.5 Million Award from New Jersey Economic Development Authority to Expand Access to Capital for Businesses

NEW YORK, NY — April 9, 2026 — TruFund Financial Services, Inc. (TruFund), a leading community development financial institution (CDFI) dedicated to empowering small businesses and underserved communities, today announced it has been awarded $1.5 million in funding from the New Jersey Economic Development Authority (NJEDA) through its Main Street Lenders Grant Program. This investment positions TruFund […]

TruFund Financial Services, Inc.’s Empowerment Reinvestment Fund Awarded $55 Million in New Markets Tax Credit Allocation

FOR IMMEDIATE RELEASE New York, NY — December 29, 2025 — TruFund Financial Services, Inc. announced today that its wholly owned subsidiary, the Empowerment Reinvestment Fund (ERF), has been awarded a $55 million allocation of New Markets Tax Credits (NMTCs) by the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). The award […]

TruFund Financial Services, Inc. Partners with CDFIs in a Loan Participation Collaborative to Expand Capacity and Advance the Mission of Atlanta-Based Non-Profit Caring For Others, Supporting Families Locally and Worldwide

The investment in Caring for Others will help strengthen domestic and international disaster response. FOR IMMEDIATE RELEASE ATLANTA, Georgia — December 3, 2025 — Caring for Others, a global humanitarian nonprofit headquartered in Atlanta, Georgia, dedicated to restoring dignity and stability for families in crisis, announced today a significant expansion of its operational footprint through […]

RudHil Commercial, GHCC, TruFund, and King of Kings Tax Advisory Celebrate Launch of “Dueños del Crecimiento / Growth Owners” Program

FOR IMMEDIATE RELEASE Atlanta, Georgia — November 8, 2025 — RudHil Commercial, in partnership with the Georgia Hispanic Chamber of Commerce (GHCC), TruFund Financial Services, Inc., and King of Kings Tax Advisory, has officially launched the “Dueños del Crecimiento / Growth Owners” program—a pioneering initiative designed to help entrepreneurs transition from tenants to property owners […]

TruFund and Bags Announce Strategic Partnership to Deliver AI Financial Support to Underserved Small Businesses

FOR IMMEDIATE RELEASE New York, NY — November 12, 2025 — TruFund Financial Services, Inc., a leading Community Development Financial Institution (CDFI), and Bags, a financial management and access-to-capital platform, have announced a groundbreaking partnership to provide a modern, co-branded technical assistance and loan servicing program aimed at using AI to accelerate equitable access to […]

TruFund Financial Services Secures $2 Million Grant from Wells Fargo to Expand Small Business Real Estate Ownership in Key U.S. Cities

FOR IMMEDIATE RELEASE New York, NY — October 22, 2025 — TruFund Financial Services, Inc., a leading mission-driven Community Development Financial Institution (CDFI), has been awarded a $2,000,000 grant from Wells Fargo & Company to launch its Open for Business Growth – TruFund Real Estate Acquisition Program. The initiative is designed to help small business […]

TruFund Congratulates James H. Bason for City & State NY Recognition

City & State’s Who’s Who in MWBEs, spotlights key players in this arena—including leaders of MWBE firms of all sizes, public officials driving MWBE policies, and industry advocates working to ensure greater equity and opportunity. Among these leaders is James Bason, president and CEO of TruFund Financial Services. Under his leadership, TruFund delivers capital, resources, […]

In accordance with Title VI of the Civil Rights Act and Section 504 of the Rehabilitation Act of 1973 and U.S. Department of the Treasury policy,
TruFund does not discriminate on the basis of race, color, national origin, sex, age, or disability.
To file a complaint of discrimination, write to:
U.S. Department of the Treasury, Director
Office of Civil Rights and Equal Employment Opportunity
1500 Pennsylvania Avenue, N.W., Washington, DC 20220
or call (202) 622-1160; or send an e-mail to crcomplaints@treasury.gov.

Author Archives: awashington@trufund.org

Join our Newsletter