Established in 1924, the New York Community Trust is one of the oldest community foundations in the nation. As of 2013, it had $2.5 billion in total assets and managed over 2,000 funds. In 1980, the foundation incubated a CDFI, the Nonprofit Finance Fund (at the time known as the Energy Conservation Fund), which has loaned over $287 million to nonprofits and social enterprises around the country. In the last three years, The Trust has granted more than $500,000 to nonprofits specializing in small business development; grantees offer a range of services from revolving loan funds to legal assistance.
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