Inclusiv is a certified Community Development Financial Institution (CDFI) that claims to be the only CDFI to use credit unions in its community development grantmaking activities. ¹

Inclusiv claims its main priorities are to advance “financial inclusion,” “homeownership,” “small business,” and weather-dependent energy. ¹ In 2024, Inclusiv received a $1.9 billion grant from the Biden administration’s Environmental Protection Agency (EPA). The funds were set to finish disbursing in June 2030. ²

Funding

In April 2024, Inclusiv received a $1.9 billion grant from the Biden Administration’s Environmental Protection Agency (EPA), to be paid over a 6-year period through the Inflation Reduction Act’s (IRA) “Greenhouse Gas Reduction Fund,” for the purpose of financing “clean technology deployment in Low-Income and Disadvantaged Communities” (LIDAC). ^{3 4}
The EPA reportedly disbursed $27 billion in grants to similar groups to enable them to finance weather-dependent energy and other climate-change-related projects. ²

Activities

Inclusiv is designated as a certified Community Development Financial Institution (CDFI), while claiming to be the only CDFI to use credit unions in its community development grantmaking activities. ¹

Inclusiv claims its main priorities are to advance “financial inclusion,” “homeownership,” “small business,” and weather-dependent energy. ¹ As of January 2025, Inclusiv has invested over $450 million into development credit unions. Two of its featured funds include Inclusiv Impact Deposits Fund and Southern Equity Fund. ⁵

In March of 2025, Inclusiv filed a lawsuit in the D.C. district court against the Environmental Protection Agency (EPA) and Citibank in an attempt to stop the blockage of funds it was supposed to receive from the Biden administration’s $1.9 billion grant. Inclusiv claims that they have been unable to receive funds for weeks prior to the lawsuit, preventing credit unions from providing loans using these funds for clean energy to families and small businesses. The EPA administrator claims that Inclusiv was inappropriately using funding from the federal government through it’s Clean Communities Investment Accelerator program. ⁶

Financials

In 2023, Inclusiv reported revenue of $11,935,667, total expenses of $10,119,825, and total assets of $72,784,355. ⁷

Leadership

As of April 2025, Cathie Mahon was Inclusiv president and CEO, a position she has held since 2012. Mahon was previously the Deputy Commissioner at New York City’s Department of Consumer Affairs as well as the leader of the NYC Office of Financial Empowerment (OFE). ⁸

1. “Our Work.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/our-work.
2.  “EPA Awards $27B in Greenhouse Gas Reduction Fund Grants to Accelerate Clean Energy Solutions, Combat the Climate Crisis, and Save Families Money.” Environmental Protection Agency, August 16, 2024. Accessed January 19, 2025. https://www.epa.gov/newsreleases/epa-awards-27b-greenhouse-gas-reduction-fund-grants-accelerate-clean-energy-solutions.
3. Braun, Ken. “Low-Quality Energy for the LIDACs and $21.8 Billion in Waste from the EPA.” Capital Research Center, January 16, 2025. https://capitalresearch.org/article/low-quality-energy-for-the-lidacs-and-21-8-billion-in-waste-from-the-epa/
4. “Grant to Inclusiv.” USA Spending, Accessed April 28, 2025. https://www.usaspending.gov/award/ASST_NON_84094301_6800/
5. “Invest Us.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/invest-us.
6. “Inclusiv Takes Legal Action against EPA Seeking the Release of Clean Communities Investment Accelerator Funds.” Inclusiv, March 31, 2025. https://inclusiv.org/news/inclusiv-takes-legal-action-against-epa-seeking-release-clean-communities-investment.
7. Return of Organization Exempt from Income Tax (Form 990). Inclusiv. 2023. https://projects.propublica.org/nonprofits/organizations/112421972/202443209349302059/full
8. “Catherine Mahon.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/profiles/cathie-mahon.