The First Ten Years at the Illinois Facilities Fund - IFF

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Investment in the nonprofitsector has the potentialto dramatically improve thefinancial and social stabilityof our commu nities,our cities and our country.“We believe,” IFF strategic plan, 1994
7APermanentinstitutionThe mood is a bit tensein the IFF conferenceroom where executive directors and project leadersfrom eight nonprofits have gathered for another sessionabout who they are and what they are doing. Convenedby the IFF and facilitated by the Minnesota-basedNational Center for Social Entrepreneurs, this 18-monthgroup process, called the Chicago Project for NonprofitEntrepreneurs, is designed to help participating agenciesidentify and develop new sources of earned income.But the meetings are about much more than money, andthat’s why there is an edge to today’s discussion.Selected from a large pool of applicants and eachpaying $10,000 to participate, the agencies range from afull-service organization with multiple fields of expertiseto smaller agencies that serve a single target population.What they all share is an awareness that their worldis fast-changing and that being prepared for the futuremeans thinking hard about mission, funding, skills andmarkets – thinking, that is, like an entrepreneur.So the meeting has taken a detour as participantstalk about how their staffs have reacted to the “self audit”that measures attitudes about subjects like making moneyand taking risks. Staff members at one organizationworried they were going to be fired. At another, someonecomplained that he had never been asked to think about163
Page 1 and 2: ADifferentKind ofLenderThe First Te
Page 3 and 4: There’ssomethingabouta building..
Page 5 and 6: invested toward a big problem, with
Page 7 and 8: What morecan we do forthe nonprofit
Page 9 and 10: make a venture capitalist smile. Th
Page 11 and 12: analysis of the program or services
Page 13 and 14: Illinois Facilities Fund Loans Clos
Page 23 and 24: The bricks were laid andthe mortar
Page 25 and 26: create public-private partnerships,
Page 27 and 28: Learning processBuilding the child
Page 29 and 30: We are bringing new sourcesof finan
Page 31 and 32: After numerous discussions at the b
Page 33 and 34: It was a remarkable process because
Page 35 and 36: The IFF will become thepreeminent f
Page 37 and 38: Paint-bucket chairsAcross the hall
Page 39 and 40: Agencies served by Real Estate Serv
Page 41 and 42: When I came to the oldfacility I al
Page 43 and 44: organization, the IFF staff also tu
Page 45: fine idea, but Chicago’s building
Page 49 and 50: notes Mark Pinsky of the National C
Page 51 and 52: 1991 1992AssetsCash $ 2,475,000Gran
Page 53 and 54: 1995 1996AssetsCash $ 3,271,271Gran
Page 55 and 56: 1999 2000 ProjectedAssetsCash $ 10,
Page 57 and 58: Board member Jeanette Bitter andJim
Page 59 and 60: IFF staff member Kristine Westerber
Page 61 and 62: Former BoardFormer StaffJudy BlockJ

The First Ten Years at the Illinois Facilities Fund - IFF

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