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Social Funds

Submitted by cfne on Tue, 08/05/2003 - 17:00

Cooperative Fund of New England Attracts Investment through Self-Directed IRAs
by William Baue

Self-directed IRAs offer a win-win situation for nonprofits, which benefit from low-interest loans, and investors, who benefit from tax-friendly community investment. -- The Cooperative Fund of New England (CFNE), a community development loan fund (CDLF) that supports cooperatives, community based nonprofits, and worker-owned businesses in the region, is confronting the consequences of its success.

"CFNE is getting pretty lent out," said Executive Director Rebecca Dunn. "The high demand for our loans and many recent loan approvals have depleted our funds."  To read more click here.

To read CFNE 's profile in Social Funds click here.