Latest Press Releases
TruFund Financial Services, Inc. Today Announced Stephanie Kabore Joins its Senior Leadership Team as Senior Vice President | Chief Financial Officer
New York, New York, December 2, 2024 – TruFund Financial Services, Inc. is proud to announce and welcome, Stephanie Kabore to our Leadership Team as the Senior Vice President | Chief Financial...
TruFund Financial Services Celebrates Success and Honors Partners at the 2024 TruImpact Awards
TruFund Financial Services, Inc. proudly hosted its highly anticipated 2024 TruImpact Awards on October 9, 2024 at the beautiful Empire Penthouse in Manhattan, a spectacular event dedicated to...
TruFund Financial Services to Host Inaugural TruImpact Awards at Empire Penthouse in New York City
TruFund Financial Services, Inc. is excited to announce the inaugural TruImpact Awards taking place on Wednesday, October 9th, 2024, at the prestigious Empire Penthouse in New York City. This special...
TruFund Financial Services, Inc. Announces TruImpact Week 2024
TruFund Financial Services, Inc. a national Community Development Financial Institution (CDFI), is excited to announce TruImpact Week 2024 supported by the Regions Foundation, a longtime community...
TruFund Financial Services Unveils 2023 TruImpact Report During TruImpact Week 2024 Celebrating a Year of Innovation, Impact, and Empowerment
New York, NY | October 2, 2024 – TruFund Financial Services, Inc., a CDFI leader in community development and innovative financial solutions, is proud to announce the release of its 2023 TruImpact...
TruFund Financial Services, Inc. Hosted Small Businesses, Community Partners and More at the 2nd Annual TruImpact Golf Tournament
TruFund Financial Services, Inc. is excited to announce the success of its second annual TruImpact Small Business Golf Tournament, which took place at Chapel Hills Golf Club in Douglasville, Georgia,...
TruFund Financial Services to Host Inaugural TruImpact Awards at Empire Penthouse in New York City
New York, NY – October 2, 2024 – TruFund Financial Services, Inc. is excited to announce the inaugural TruImpact Awards taking place on Wednesday, October 9th, 2024, at the prestigious Empire...
Empowerment Reinvestment Fund, LLC. Secures $40 Million Allocation as Part of U.S. Department of Treasury’s New Markets Tax Credit Program
Subsidiary of TruFund Financial Services Receives Prestigious Allocation, Poised to Drive Economic Growth in Low-Income Communities Nationwide, Bringing Total Allocations to $430 Million Over 12...
TRUFUND FINANCIAL SERVICES, INC. ANNOUNCES TERRENCE CLARK AS NEW BOARD CHAIR, SIGNALING A NEW ERA OF LEADERSHIP AND GROWTH
New York, NY — TruFund Financial Services, Inc. is pleased to announce the appointment of Terrence Clark as the new Chair of its Board of Directors. This significant leadership change marks an...
TruFund Remembers Charles Foster
January 4, 1953 - May 9, 2024
In Memory of Mr. Charles Foster
It is with profound sadness that we announce the passing of Mr. Charles Foster, our esteemed Chief Financial Officer at TruFund...
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,...
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...
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!...
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...
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...
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...
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...
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...
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...
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...
TruFund Financial Services, Inc. Today Announced Monica Edwards Joins its Senior Leadership Team as Senior Vice President, Director of The Empowerment Reinvestment Fund – New Markets Tax Credit Platform
New York, New York, December 13, 2022 –TruFund Financial Services (TruFund), is proud to announce and welcome, Monica Edwards to our Leadership Team as the Senior Vice President, Director of the...
TruFund Financial Services, Inc. Among Allocatees with a $35 Million In New Markets Tax Credit Award by United States Department Of Treasure Community Development Financial Institutions Fund
New York, NY – November 1, 2022 –TruFund Financial Services, Inc. announces today, it has been selected by the Community Development Financial Institutions Fund’s (CDFI Fund) to receive $35 million...
Community Preservation Corporation and TruFund Financial Services Close on Equity Investment with Infinite Horizons, LLC
New York, New York, November 1, 2022 – The Community Preservation Corporation (CPC), a nonprofit multifamily finance company, and TruFund Financial Services (TruFund), a nonprofit that provides...
TruFund and Economic Development Administration Partner To Offer Low Cost Loans
New Orleans, LA – September 7, 2022 – TruFund Financial Services, Inc. (TruFund) a Community Development Financial Institution (CDFI), today announces partnership with the Economic Development...
Local CDFIs Launch Collaboration with Entrepreneurs of Color Fund in New Orleans, Louisiana
June 30, 2022, NEW ORLEANS, LA – Today, local community development financial institutions (CDFIs) NewCorp, Inc. and TruFund Financial Services, Inc. announce a new collaboration with the...
TruFund Financial Services, Inc. Launches New Real Estate Acquisition Program (RAP) Aimed at Helping BIPOC Business Owners Overcome Barriers to Commercial Real Estate Ownership
New York, NY, March 17, 2022 —TruFund Financial Services (TruFund), a nonprofit that provides affordable loan capital to small businesses and nonprofits, announced the launch of their new real estate...
TruFund Joins CDFI Friendly Forth Worth Initiative
Fort Worth, TX – April 28, 2022 – TruFund Financial Services, Inc. (TruFund) a Community Development Financial Institution (CDFI), along with the City of Fort Worth, today announces partnership with...
The Community Preservation Corporation and TruFund Financial Services, Inc. Launch $6 Million Joint Venture to Empower New York State BIPOC Housing Developers
CPC-TruFund BIPOC Developers Equity Fund will invest equity capital and technical assistance to help emerging BIPOC housing developers grow their businesses
New York, NY, October 18, 2021 — The...
Lemor Development Group Receives Equity Investment from TruFund’s Impact Developers Fund to Accelerate Growth
New York, New York, October 14, 2021 – TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City today announced that it has made an equity...
Exact Capital Group Receives Equity Investment from TruFund’s Impact Developers Fund to Accelerate Growth
October 12, 2021 - New York, New York – TruFund Financial Services (“TruFund”), a Community Development Financial Institution located in New York City, today announced that it has made an equity...
Woodborn Partners Receives Equity Investment from TruFund’s Impact Developers Fund for Project Development
TruFund Financial Services, Inc. (“TruFund”), a Community Development Financial Institution located in New York City today announced that it has made an equity investment in Woodborn Partners, LLC, a...
TruFund Financial Services, Inc. Announces Its Participation In The Social Justice Fund EXCELerate, New Loan Program to Help Brooklyn’s BIPOC Small Business Owners Get on their Feet Post-Pandemic; Gregg Bishop Appointed as Executive Director
Brooklyn, NY – TruFund Financial Services, Inc. has been selected as one of two community development financial institutions, along with Brooklyn Alliance Capital and Brooklyn Chamber of Commerce...
Genesis Companies Receives Equity Investment from TruFund’s Impact Developers Fund to Expand Capacity
TruFund Financial Services, Inc. ("TruFund"), a Community Development Financial Institution located in New York City, today announced that it has made an equity investment in Genesis Companies, LLC...
TruFund Hosting TruImpact Virtual Summit to Celebrate 15th Anniversary
Summit will celebrate the company’s 15 years of community and small business impact across its footprint
TruFund Financial Services, Inc. announced today that it will host the TruImpact Virtual...
TruFund Receives $1M Grow with Google Small Business Fund Loan, $150K Google.org Grant to Help Small Businesses Recover From COVID-19
Opportunity Finance Network (OFN) has awarded TruFund Financial Services, Inc. a $1M Grow with Google Small Business Fund loan and an unrestricted $150K Google.org-funded grant to help the CDFI...
Laurel Street Receives Equity Investment from TruFund’s Impact Developers Fund to Accelerate Growth
TruFund Financial Services (“TruFund”), a Community Development Financial Institution located in New York City announced that it has made an equity investment in Charlotte, North Carolina-based...
TruFund Launches Industrial Business Leadership Program in Hunts Point
Program will support the strength and resiliency of industrial small businesses in the Hunts Point Peninsula
January 8, 2021 – NEW YORK – TruFund Financial Services, Inc. is launching a robust...
TruFund Releases 2020 Paycheck Protection Program Impact Report
PPP lending provided overwhelming assistance to minority- and women-owned small businesses
December 15, 2020 — NEW YORK —Today, TruFund Financial Services, Inc. released its Paycheck...
TruFund Partners with Build Baton Rouge For AdvancingCities Challenge
$5 million award will drive inclusive growth and greater economic opportunity in the city
Baton Rouge, Louisiana—TruFund Financial Services, Inc. is partnering with Build Baton Rouge on a $5...
Morgan Stanley, TruFund Financial Services and Ford Foundation Announce Launch of $26 Million Impact Developers Fund
Fund will provide capital to minority and women owned real estate development companies
NEW YORK - Morgan Stanley, TruFund Financial Services and the Ford Foundation today announced the launch of...
TRUFUND FINANCIAL SERVICES, INC. AMONG ALLOCATEES WITH A $35 MILLION IN NEW MARKETS TAX CREDIT AWARD BY UNITED STATES DEPARTMENT OF TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND
FOR IMMEDIATE RELEASEJuly 16, 2020
Media Contacts:Kim Carter Evans646.385.6946Kevans@trufund.org
$3.5 Billion in New Markets Tax Credits Awarded to Spur Economic Growth Nationwide
...
TruFund is a proud participating lender of the New York Forward Loan Fund. Learn more and apply…
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TruFund is a proud participating lender of the $100 million New York Forward Loan Fund which is aimed at providing working capital loans to small businesses,...
TRUFUND LAUNCHES $5 MILLION COVID-19 RELIEF FUND TO SUPPORT DISADVANTAGED MINORITY AND WOMEN OWNED BUSINESSES
New York, NY - April 7, 2020 Today, TruFund Financial Services, Inc. launches a $5 million small business emergency relief fund to help curb job loss and permanent business closure as a result of...
TRUFUND FINANCIAL OFFERS SUPPORT TO SMALL BUSINESSES AFFECTED BY COVID-19 PANDEMIC
FOR IMMEDIATE RELEASE
March 19, 2020
Media Contacts:
Kim Carter Evans
646.385.6946
Kevans@trufund.org
New York, NY –TruFund Financial Services, Inc., a
Community Development Financial...
TRUFUND OFFERS GROWTH AND RESILIENCY PROGRAM WITH SUPPORT FROM U.S. ECONOMIC DEVELOPMENT ADMINISTRATION
New York, NY – The U.S. Commerce Department’s Economic Development Administration (“EDA”) has announced a $800,000 grant to TruFund Financial Services, Inc., to help support its Hunt’s Point Growth...
TRUFUND ANNOUNCES THE LAUNCH OF THE WISDOM FUND, CLOSING THE LENDING GAP FOR WOMEN
New York, NY – March 20, 2019 – Women are the fastest-growing group of entrepreneurs in the U.S. yet less than 5 percent of small business lending – only $1 in $23 – goes to women.
TruFund...
TRUFUND FINANCIAL SERVICES, INC. AMONG AWARDEES WITH A $1.125 MILLION AWARD THROUGH THE UNITED STATES DEPARTMENT OF TREASURY COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND
U.S. TREASURY AWARDS $202.2 MILLION TO SUPPORT ECONOMIC GROWTH IN LOW-INCOME COMMUNITIES
New York, NY – September 19, 2018 –TruFund Financial Services, Inc. has been awarded $1.125 million through...
TruFund Financial Services, Inc. Launches Women In Business: An EmpowHERment Program In Alabama During Women’s Small Business Month
Birmingham, AL – TruFund Financial Services, Inc. recently celebrated National Women’s Small Business Month by recognizing the hard work of local small businesses, especially those women-led...
TruFund Financial Services, Inc. Launches Women In Business: An EmpowHERment Program In Partnership With Regions Bank In Louisiana
November 9, 2017 - New Orleans, LA – TruFund Financial Services, Inc. recently celebrated National Women’s Small Business Month by recognizing the hard work of local small businesses, especially...
TruFund Financial Services, Inc. Announces Loan Forgiveness Increase And Deadline Extention For Restore Louisiana Small Business Program
Baton Rouge, LA – November 3, 2017 – TruFund Financial Services, Inc. joins Louisiana Gov. John Bel Edwards’ Office of Community Development (OCD) in the announcement of two important updates to the...
TruFund Financial Services, Inc. Launches Women In Business: An EmpowHERment Program Nationally During Women’s Small Business Month
New York, NY – TruFund Financial Services, Inc. celebrates National Women’s Small Business Month by recognizing the hard work of local small businesses, especially those women-led businesses by...
TruFund Financial Services, Inc. Launches the Women in Business: An EmpowHERment Program in Louisiana with Invitational Brunch on August 19
August 18, 2017 - NEW ORLEANS - TruFund Financial Services, Inc. has partnered with Regions Bank to host an invitational brunch on Saturday, August 19, 2017, to kick off the Women in Business: An...
TruFund Financial Services, Inc. Announces Expansion of the Restore Louisiana Small Business Program to Provide Recovery Assistance to Louisiana Small Businesses in 21 Parishes Impacted by 2016 Floods
Baton Rouge, LA - August 01, 2017 - TruFund Financial Services, Inc. has announced it will expand its work with the Restore Louisiana Small Business Program to provide financial assistance to small...
TruFund Invests $9Million In New Markets Tax Credits To CrossPlex Development In Birmingham, Alabama
Birmingham, AL – August 02, 2017 –TruFund Financial Services, Inc., through its subsidiary Empowerment Reinvestment Fund (ERF), today announced the investment of $9 million in New Markets Tax Credits...
TruFund Financial Services, Inc. Set To Participate In Path To Power Conference During 2017 Essence Festival
June 28, 2017 - NEW YORK - TruFund Financial Services, Inc. is partnering with the US Black Chambers, Inc. and the New Orleans Regional Black Chamber of Commerce to participate in a special panel...
TruFund Financial Services, Inc. To Provide Flood Recovery Financial Assistance Through Restore Louisiana Small Business Loan Program
New York, NY – May 31, 2017 - In response to the historic flooding that devastated much of Louisiana in March and August 2016 with an estimated $2 billion in damages to over 20,000 businesses,...
TruFund Financial Services, Inc. Announces Partnership with The Restore Louisiana Small Business Program to Provide Recovery Assistance to Louisiana Small Businesses in 17 Parishes Impacted by 2016 Floods
Baton Rouge, LA – May 18, 2017 - The Restore Louisiana Small Business Program has partnered with TruFund Financial Services, Inc. to provide financial assistance to small business owners in 17...
TruFund Financial Services, Inc. Announces Partnership With NYC Department Of Small Business Services To Provide Capital To Minority And Women Owned City Contractors
New York, NY – March 30, 2017 - New York City Mayor Bill de Blasio’s recently announced the launch of the Contract Financing Loan Fund created by the NYC Department of Small Business Services (SBS)....
TruFund Financial Awarded $55 Million in New Markets Tax Credit Allocation
New York, NY – November 18, 2016 – In the largest single round in the history of the New Markets Tax Credit (NMTC) Program since its creation in 2001, TruFund Financial Services, Inc. has been...
TruFund – LA Launches Baton Rouge Small Business Recovery Initiative In Partnership With Capital One Bank
Baton Rouge, LA – October 5, 2016 –TruFund Financial Services, Inc. a Community Development Financial Institution (CDFI), today announced a partnership with Capital One Bank to provide low interest...
TruFund, Regions Bank and Fundation Work Together to Provide Loans to Underserved Small Businesses
BIRMINGHAM, Ala. – (September 14, 2016) – Regions Bank, together with Fundation Group LLC, a digitally-enabled small business lender, and TruFund, a Community Development Financial Institution...
TruFund – NY To Pilot TruAccess® Contractor Program With Support From U.S. Economic Development Administration
New York, NY - September 29, 2016
The U.S. Commerce Department’s Economic Development Administration (EDA) has announced a $500,000 grant to TruFund Financial Services, Inc., to help develop and...
TruFund Financial Services Provides Immediate Assistance To Louisiana Businesses Following Historic Floods
Baton Rouge, LA - August 24, 2016
In response to the historic flooding in Baton Rouge, Louisiana, TruFund Financial Services announced today that it will deploy resources to undertake several...
TRUFUND FINANCIAL SERVICES PARTNERS WITH WOMEN-OWNED BUSINESSES IN ALABAMA TO MAKE A DIFFERENCE
Birmingham, AL – May 5, 2016 - TruFund Financial Services celebrates National Small Business Week by recognizing the hard work of local small businesses, especially women-owned businesses in Alabama....
TRUFUND FINANCIAL SERVICES CELEBRATES NATIONAL SMALL BUSINESS WEEK AND REMINDS NEW YORK SMALL BUSINESSES TO TAKE ADVANTAGE OF AVAILABLE PROGRAMS
New York, NY – May, 5, 2016 - TruFund Financial Services celebrates National Small Business Week by reminding New York small business owners to take advantage of the Small Business Risk Education...
TRUFUND LAUNCHES CONTRACTOR SUPPORT CENTER PILOT PROGRAM
New York, NY – January 21, 2016 - Last week, TruFund Financial Services expanded its reach in services to minority and women-owned contractors by opening a new contractor support center in Louisiana...
TRUFUND FINANCIAL SERVICES, INC. RECEIVES GRANT AWARD FROM TRAVELERS
Travelers Awards TruFund Financial Services, Inc. $150,000 to Support Risk Management Program for Minority & Woman Owned Small Businesses
NEW YORK - Dec. 2, 2015 - PRLog -- TruFund Financial...
TRUFUND ACCELERATES GROWTH FOR UNDERSERVED TECH STARTUPS
TruFund EDA Profiles Release 20150901
