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.
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.
Financials
FY 2024
Revenue
Expenses
People
17 listed
AMY O'LEARY
PRESIDENT
—
1.5 hrs/wk
WAYNE YSAGUIRRE
VICE PRESIDENT
—
1.5 hrs/wk
KARLEY AUSIELLO
TREASURER
—
1.5 hrs/wk
SHARON SCOTT-CHANDLER
BOARD MEMBER/CLERK
—
1.5 hrs/wk
MICHAEL LINDSTROM
BOARD MEMBER
—
1 hrs/wk
CARL SUSSMAN
BOARD MEMBER
—
1 hrs/wk
MARGARET SPRAGUE
BOARD MEMBER
—
1 hrs/wk
RENEE BOYNTON-JARRETT
BOARD MEMBER
—
1 hrs/wk
RICHARD MURAIDA
BOARD MEMBER
—
1 hrs/wk
LESLIE REID
BOARD MEMBER
—
1 hrs/wk
DAWN DISTEFANO
BOARD MEMBER
—
1 hrs/wk
CATHERINE DUN RAPPAPORT
BOARD MEMBER
—
1 hrs/wk
CHRISTI STAPLES
BOARD MEMBER
—
1 hrs/wk
JESSICA ANDORS
BOARD MEMBER
—
1 hrs/wk
DEBORAH HALL
BOARD MEMBER
—
1 hrs/wk
KENNETH WILLIS
BOARD MEMBER
—
1 hrs/wk
ANNE DOUGLASS
BOARD MEMBER (LEFT DURING FY25)
—
1 hrs/wk
Independent contractors
CEDAC
MANAGEMENT SERVICES
Grants received
Showing 5 of 5
Funded by
$335K from 4 funders · 5 grants · 2018–2023
$200K · 2 grants · 2022–2023
$100K · 1 grant · 2020
$25K · 1 grant · 2022
$10K · 1 grant · 2018