Nonprofit Finance Fund

Service Providers: Nonprofit Lender
schools supported
$ 135,346,501
in financings

  • National

  • one to three years 
  • more than three years of operating history or one charter renewal
  • charter management organizations
  • stand-alone schools
  • single-site schools

Nonprofit Finance Fund (NFF) unlocks the potential of mission-driven organizations through tailored investments, strategic advice, and accessible insights. NFF provides nonprofit financial advisory services as well as financing and financing technical assistance services. NFF also provides credit enhancement, guarantees, and leasehold improvement loans as additional products. Available products are described here:

 Terms (Years)
Acquisition loans2
Construction loans3
Mini-permanent loans10
Permanent loansN/A
Predevelopment loansN/A
Working capital5
Line of Credit3


Maximum financing for a single project$4,000,000
Maximum amortization (years)25

Key Statistics:

Financial Overview
U.S. Department of Education (ED) Credit Enhancement$16,000,000
New Markets Tax Credit (NMTC) allocation total$281,000,000
Community Development Financial Institutions Bond Guarantee Program (CDFI BGP) allocation total$0


Portfolio Statistics
Total historic financing1$81,289,963
Number of schools/projects supported65
NMTC allocation employed for charter facilities$54,056,538
Number of schools supported with NMTC6
CDFI BGP allocation deployed for schoolsN/A
Number of schools supported with CDFI BGPN/A
Remaining capacity in CDFI BGP allocationN/A


Portfolio Performance
$ amount of financing repaid/refinanced2$48,046,552
NMTC matured/refinanced1
Total number of transactions372
Original $ amount of defaults4$3,148,460
Number of defaults3
Default rate (% of total $ amount of financing)2.33%
Default rate (% of total number of financings)4.17%
$ amount write-offs$1,449,570
Number of write-offs1
Write-off rate (% of total $ amount of financing)1.07%
Write-off rate (% of total number of financings)1.39%


1Financing defined as grants, recoverable grants, loans, and guarantees.

2Includes full repayments only; does not include partial amortizations or restructurings.

3Number includes only those financings with a repayment obligation; it excludes grants.

4A defaulted loan is defined as one in which the school can no longer make debt service payments and the lender must litigate or foreclose for repayment. This figure represents the loan amount at origination, not the amount outstanding at default.


Last updated: October 2017


Disclosure: Information on this page has been provided by the organization. Any questions related to figures or programs listed should be directed to the contact shown above. Keep in mind that each school’s situation will differ slightly and you’ll need to speak to the contact listed for information specific to your school.