FJC

Agency loan fund. A bespoke impact investment offered to our donors as part of our standard investment menu, fjc's agency loan fund (alf) allows donors the opportunity to invest a portion of their accounts in loans to a diversified pool of nonprofit organizations. Fjc staff originate and underwrite these loans, which are reviewed by a credit committee and approved by fjc's board of directors, which maintains rigorous credit standards. Interest and principal payments from the loans grow the accounts of participating donors (typically between 3-4% per annum). In addition to fjc's rigorous credit standards, credit enhancement on the pool protects donors from principal losses. Since its inception, fjc has deployed over $400 million in loans through alf. Fjc currently has $19.8 million in loans outstanding with 20 nonprofit borrowers.

Efas - assets held for others. Assets held for others are funds received from not-for-profit organizations, some of which have transferred funds to fjc for the purpose of investing in fjc's agency loan fund, which is available to provide interest-bearing loans secured by various types of collateral to charitable organizations. These funds can be redeemed by the participants in accordance with contract terms and fjc's policies. Fjc does not have variance power over the use of these assets. Assets held for others are subject to a management fee up to 1% annually based upon funds investment allocation.