NonprofitsChildrens Investment Fund Inc

Philanthropy, Voluntarism & Grantmaking Foundations

Childrens Investment Fund Inc

BOSTON, MA

Total revenue

$1.3M

Total expenses

$2.2M

Net assets

$6.1M

Grants received

$335K

5 grants

EIN

043105358

Tax year

2024

Mission

The children's investment fund's (cif) primary purpose is to improve the quality of and expand access to early learning and school-age child care programs for low and moderate-income families. In order to broaden the impact of its work cif also seeks to support affordable housing for low-income families through place-based two-generation and other strategies that result in safer, healthier and more stable environments in which to raise young children.

Programs

2 programs

Technical assistance and lending: cif provides a full range of financing, training, and technical services options for early education and out-of-school time providers seeking to construct or improve their facilities. Cif's signature training, the building stronger centers institute, is a four-day, intensive training designed for childcare centers that are planning a major renovation or construction project. Content includes information on the development process, financing strategies, high-quality design, and examples of successful projects. In addition to providing technical expertise and training, cif offers predevelopment, site acquisition, construction loans, and term loans to help finance the cost of developing larger capital projects, leasehold improvements, and equipment on flexible loan terms that meet the needs of childcare providers of all sizes. In 2018, cif extended this support to affordable housing developers that are creating family units in massachusetts.

Expenses: $476K

Facility improvement grants: cif raises capital that can be used for grants to providers to fund the cost of facility improvements. Cif has received total funding of $2 million from the liberty mutual foundation to fund accessibility improvements in boston-based early education and out-of-school time centers. In fiscal year 2024, cif received a grant from the u.s. Department of the treasury's cdfi fund for $986,991 under the equitable recovery program (erp). Cif is using these funds to provide capital grants to child care providers located in low or moderate-income majority minority census tracts in massachusetts. Cif has awarded $960,000 of the erp grants to five providers as of june 30, 2025.

Expenses: $1.2MGrants: $1.1M

Financials

FY 2024

Revenue

Contributions & grants$1.0M
Program service revenue$108K
Investment income$224K
Other revenue
Total revenue$1.3M

Expenses

Grants paid$1.1M
Salaries & benefits
Fundraising$5K
Other expenses$1.1M
Total expenses$2.2M
Total assets$6.9M
Net assets$6.1M

People

17 listed

NameRoleCompensation

AMY O'LEARY

PRESIDENT

Board

1.5 hrs/wk

WAYNE YSAGUIRRE

VICE PRESIDENT

Board

1.5 hrs/wk

KARLEY AUSIELLO

TREASURER

Board

1.5 hrs/wk

SHARON SCOTT-CHANDLER

BOARD MEMBER/CLERK

Board

1.5 hrs/wk

MICHAEL LINDSTROM

BOARD MEMBER

Board

1 hrs/wk

CARL SUSSMAN

BOARD MEMBER

Board

1 hrs/wk

MARGARET SPRAGUE

BOARD MEMBER

Board

1 hrs/wk

RENEE BOYNTON-JARRETT

BOARD MEMBER

Board

1 hrs/wk

RICHARD MURAIDA

BOARD MEMBER

Board

1 hrs/wk

LESLIE REID

BOARD MEMBER

Board

1 hrs/wk

DAWN DISTEFANO

BOARD MEMBER

Board

1 hrs/wk

CATHERINE DUN RAPPAPORT

BOARD MEMBER

Board

1 hrs/wk

CHRISTI STAPLES

BOARD MEMBER

Board

1 hrs/wk

JESSICA ANDORS

BOARD MEMBER

Board

1 hrs/wk

DEBORAH HALL

BOARD MEMBER

Board

1 hrs/wk

KENNETH WILLIS

BOARD MEMBER

Board

1 hrs/wk

ANNE DOUGLASS

BOARD MEMBER (LEFT DURING FY25)

Board

1 hrs/wk

Independent contractors

CEDAC

MANAGEMENT SERVICES

$1.1M

Grants received

Showing 5 of 5

FromAmountPurposeYear
$100K
Massachusetts Community Grants: Unrestricted operating support for fiscal years 2023 and 2024
2023
$100K
Good Philanthropic Citizen and Community Grants: Unrestricted operating support for fiscal years 2023 and 2024
2022
$100K
COVID-19 GRANT
2020
$10K
Community Impact
2018

Funded by

$335K from 4 funders · 5 grants · 2018–2023

The Klarman Family Foundation

$200K · 2 grants · 2022–2023

Opportunity Finance Network

$100K · 1 grant · 2020

Details

EIN043105358
NTEE codeT99
Subsection03
Ruling date2019-03
Formed1990
Employees0
Volunteers16
CHILDRENS INVESTMENT FUND INC — Mission, Financials & Grants Received | Grantivo