Press Release

TruFund Welcomes Jerrel Duffy as Vice President of Impact Investments

NEW YORK, NY – February 5, 2024 – TruFund Financial Services is excited to announce that Jerrel Duffy, Jr. has joined TruFund as the Vice President of Impact Investments, starting Monday, February 5, 2024.  He will be joining the Structured Lending & Investments team focused on providing access ...

TRUIMPACT ANNOUNCEMENT – TruFund Financial Services Congratulates Monica Edwards for Being Named in the 2023 Responsible 100

NEW YORK, NY | January 2, 2024 – TruFund Financial Services is proud to announce that Monica Edwards, Senior Vice President & Director of New Markets Tax Credit at TruFund, has been recognized as one of the "2023 Responsible 100" by City & State New York. The Responsible 100 program, an init...

TRUIMPACT ANNOUNCEMENT – TruFund Announces Closing of its Neighborhood Health Center NMTC Transaction

NEW YORK, NY | January 8, 2024 – Empowerment Reinvestment Fund (ERF), a subsidiary of TruFund Financial Services, is proud to announce the closing of its Neighborhood Health Center NMTC transaction! ERF partnered with three CDEs to provide a total of $19.5 million in NTMC allocation to fund the reha...

Kimberly D. Hardy, Esq. Joins TruFund Board of Directors Enhancing Expertise in Diversity & Inclusion

NEW YORK, NY — October 20, 2023 — TruFund Financial Services, Inc. is proud to welcome Kimberly D. Hardy, Esq., Senior Vice President of Diversity, Inclusion, and Compliance Services with McKissack & McKissack, to its esteemed Board of Directors. With a wealth of experience and expertise in prom...

Desiree Thomas Returns to TruFund as Vice President & Director of Climate Finance

NEW YORK, NY - November 1, 2023 - TruFund Financial Services, Inc. is delighted to welcome back Desiree A. Thomas, MBA, as she reprises her role with the organization, this time as the Vice President & Director of Climate Finance. In this capacity, Desiree will play a pivotal role in advancing e...

TruFund Financial Services Hosts Its 3rd Annual TruImpact Week October 2-6, 2023

October 2, 2023, NEW YORK, NY – TruFund Financial Services, Inc., a leading non-profit Community Development Financial Institution (CDFI) is thrilled to announce TruImpact Week 2023, a week-long celebration dedicated to recognizing and celebrating the significant impact  it has made in the cities th...

TruFund’s Subsidiary Empowerment Reinvestment Fund Receives $40MM New Markets Tax Credit Allocation From United States Department of Treasury

NEW YORK, NY— September 27, 2023 – TruFund Financial Services, Inc. announces today, it has been selected by the Community Development Financial Institutions Fund’s (CDFI Fund) to receive $40 million in New Markets Tax Credit (NMTC) to attract private capital  to rural and underserved communities.  ...

TruFund Financial Services, Inc. Announces Expansion of Impact Developers Fund (IDF)

TruFund Financial Services, Inc. Secures Additional $11.5 Million in Capital to Bolster Historically Under-Resourced Affordable Housing Developers NEW YORK, September 28, 2023 — TruFund Financial Services, Inc. is proud to announce the expansion of the Impact Developers Fund (IDF). The additional $1...

TruFund Financial Services, Inc. Announces Charles Foster as Senior Vice President and Chief Financial Officer

NEW YORK, May 4, 2023 – TruFund Financial Services (TruFund) is proud to announce  the appointment of Charles Foster as Senior Vice President and Chief Financial Officer (CFO).  As the CFO and a member of TruFund's Executive Leadership, Foster will oversee all areas of  the company’s fiscal manageme...

TruFund Financial Services, Inc. Partners with Mayor Adams and SBS to Announce the Opening of Applications for a Historic $75M “Opportunity Fund” to Help Small Businesses Lead Pandemic Recovery

NEW YORK, January 23, 2023 – TruFund Financial Services, Inc. (TruFund), New York City Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim today announced the groundbreaking creation of the $75 million NYC Small Business Opportunity Fund, the larg...