National Community Investment Fund

“NCIF and CSF signed a service agreement with NCIF Management, Inc. for the purpose of providing administrative and management services to NCIF and CSF. NCIF Management, Inc. is a wholly owned subsidiary of NCIF. As such, the trustees of NCIF are also the trustees of NCIF Management, Inc. and have full responsibility of managing NCIF Management Inc.”

“The form 990 is reviewed in detail by at least two members of the ncif management team. A complete copy of the form 990 is provided to the finance & audit committee as well as all trustees prior to filing.”

“The trustees and officers of ncif and ncif management, inc. Complete annual questionnaires disclosing any conflict of interest. The determination of whether a conflict exists is on a self-monitored basis by each individual. The board has adopted a formal policy for reviewing and affirming actions when there is a conflict of interest. Where a conflict exists, that individual would be excluded from participation in voting and decision making. On an ongoing basis, these individuals would inform the board and the governance committee of potential conflicts and recuse themselves from such business matters.”

“The chair of the trustees determines compensation for the president and ceo, based on market information. Compensation is subsequently approved by the full board of trustees. Furthermore, the president and ceo determines compensation for all staff including key employees. The determination for compensation is based on annual performance, job requirements, and current data on the employment market.”

“The financial statements are publicly disclosed on the organization's website. The governing documents and conflict of interest policy are available to the general public upon request.”

“act as anchors in local communities. NCIF is the largest investor in the CDFI banking industry, with investments in about 10% of all certied CDFI Banks. 2. New Markets Tax Credits: Since 2003, NCIF has received $431 million in NMTC allocations to deploy into projects in real estate, operating companies, health care facilities, schools, other impact-oriented organizations and businesses in partnership with local CDFI institutions; and 3. Lending: NCIF makes loans in partnership with CDFIs, MDIs, and MOFIs to enhance the impact of projects that benet underserved communities in both urban and rural areas. 4. Impact measurement is the foundation of NCIF's work and supports all our business lines. NCIF pioneered the use of Social Performance Metrics (www.bankimpact.org) and is developing an artificial intelligence-based core data platform to support data analytics, strategically allocate more dollars to underserved communities, and catalyze the impact investing sector.”

“NCIF has delegated the services of NCIF and CSF to NCIF Management, Inc, a wholly owned subsidiary of NCIF. NCIF Management partners with a professional employer organization (PEO) to manage payroll and compliance.”