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), which is set to finish disbursing in June 2030. 2
Funding
In 2024, Inclusiv received a $1.9 billion grant from the Biden administration’s Environmental Protection Agency (EPA) which it is set to finish disbursing in June 2030. The funds derived from the Inflation Reduction Act, specifically its “Clean Communities Investment Accelerator” under its “Greenhouse Gas Reduction Fund.” 3 The EPA disbursed $27 billion in grants to similar groups to enable them to finance weather-dependent energy and other climate-change-related projects. 2
After receiving the funds from the EPA, Inclusiv announced it would disburse the funds to credit unions that would in-turn provide the funds to “low-income and disadvantaged communities.” 4
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
Financials
In 2023, Inclusiv reported revenue of $11,935,667, total expenses of $10,119,825, and net assets of $25,547,648. 6
Leadership
As of January 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). 7
References
- “Our Work.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/our-work.
- “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.
- “Grant Summary – Inclusiv.” USASpending.gov. Accessed January 19, 2025. https://www.usaspending.gov/award/ASST_NON_84094301_6800/.
- “GGRF.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/ggrf.
- “Invest Us.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/invest-us.
- Return of Organization Exempt from Income Tax (Form 990). Inclusiv. 2023. Part I, lines 12, 18, 22.
- “Catherine Mahon.” Inclusiv. Accessed January 19, 2025. https://inclusiv.org/profiles/cathie-mahon.