
Cooperative Development Foundation
Annual Report 2021
A Year of Triumphs and Transitions
Our Mission: CDF promotes and develops cooperatives to improve economic opportunities for all

2021 was a year of triumphs and transitions for CDF.
We said goodbye to Leslie Mead, an exemplary leader who strengthened the organization’s mission, programmatic work and financial footprint during her eight-year tenure as CDF’s Executive Director. And we lost a great co-op hero, our friend and longtime CDF Board member, Chuck Snyder. Chuck’s commitment to the cooperative community inspires us and will forever live on in CDF as we continue to focus on our mission “to promote and develop cooperatives to improve economic opportunities for all,” particularly in historically underserved communities – a mission that Chuck wholeheartedly embraced.

Mary Griffin
Executive Director

Rich Larochelle
Board Chair
Fundraising and Events

The development and growth of worker-owned home care cooperatives is the focus of the CDF supported National Home Care Cooperative Initiative. With the help of the Cooperative Development Fund, urban home care cooperatives participated in a Buyer’s Journey learning cohort that examined the quantity, quality, and effectiveness of their cooperative’s digital marketing to both clients and caregivers.

GRANTS RECEIVED BY CDF
The Nationwide Foundation, a private foundation supported by donations from Nationwide companies, showed its continued commitment to building a more inclusive economy through cooperatives with a $60,000 grant to the Cooperative Development Foundation. This grant was used to support CDF's operations as well as NCBA CLUSA's 2021 Cooperative IMPACT Conference and Cooperative Economics Council.
THANK YOU DONORS
CDF is grateful for the support of more than 400 individuals and organizations. The following donors contributed more than $1,000 in 2021.

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ACDI/VOCA
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Ann Hoyt
-
Anonymous
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Anonymous
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Capital Impact Partners
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CHS, Inc.
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Clifford P. Charles CPA
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CoBank
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Columinate and Common Good Management Services
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CooperationWorks!
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Cooperative Fund of the Northeast
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Credit Union National Association
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CSI Support & Development Services
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CUNA Mutual Group
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DC Credit Union
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Delaware Electric Cooperative
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Diego Beekman Mutual Housing Association, HDFC
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Edelman Sultan Knox Wood Architects
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Ellen Quinn
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Equal Exchange
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Forsyth Street Advisors
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Gallagher Affordable Housing Practice
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JSI
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Maine Cooperative Development Partners
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Mary Griffin
-
Margaret Bau
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National Co+op Grocers
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National Cooperative Bank
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National Credit Union Foundation
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National Information Solutions Cooperative
-
National Milk Producers Federation
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National Rural Electric Cooperative Association
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National Rural Utilities Cooperative Finance Corporation
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Nationwide
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NCBA CLUSA
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Neighboring Food Co-op Association
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NRTC
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NTCA – The Rural Broadband Association
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Organic Valley
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Ralph K. Morris Foundation
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Randy and Mari Lee
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Richard and Linda Larochelle
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Rosemary Mahoney
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Seed Commons
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Shared Capital Cooperative
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Sheila Smith
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Sunkist Growers, Inc.
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Terry Lewis
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The ICA Group
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U.S. Overseas Cooperative Development Council
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Vernon Oakes
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Workforce Housing Group
FINANCIAL STATEMENT
CDF without Donor Restrictions
2021
2020
Support and Revenue
Contributions and Grants
80,496
87,637
Government Contracts
374,572
213,264
Special Events, Net Expenses
325,039
285,715
Investment Income/Loss
186,230
226,408
Loan Interest
38
-
In-kind Contribution
28,000
10,000
Net Assets Released from Restrictions
442,627
586,733
Total Support and Revenue
1,437,002
1,409,757
Expenses
Program
1,565,095
1,657,887
Fundraising
133,362
101,021
Management and General
194,265
142,896
Total Expenses
1,892,722
1,901,804
Net Income
(455,720)
(492,047)
CDF with Donor Restrictions
2021
2020
Support and Revenue
Contributions and Grants
233,988
117.887
Investment Income/Loss
622,504
800,326
Loan Interest
6,266
6,605
Net Assets Released from Restrictions
(422,627)
(586,733)
Total Support and Revenue
420,131
338,085
Expenses
-
-
Net Income
420,131
338,085
All CDF
2021
2020
Support and Revenue
1,857,133
1,747,842
Expenses
1,892,722
1,901,804
Net Income
(35,589)
(153,962)
Reserves
2021
2020
Without Donor Restrictions (Beginning)
3,721,478
4,213,525
Without Donor Restrictions (Ending)
3,265,758
3,721,478
With Donor Restrictions - Purpose Restrictions (Beginning)
6,327,632
5,989,547
With Donor Restrictions - Purpose Restrictions (Ending)
6,747,763
6,327,632
With Donor Restrictions - Perpetual in Nature (Beginning)
381,151
381,151
With Donor Restrictions - Perpetual in Nature (Ending)
381,151
381,151
Total Net Assets, Beginning of Year
10,430,261
10,584,223
Total Net Assets, End of Year
10,394,672
10,430,261
Meet The Board

Rich Larochelle, Chair
National Rural Utilities Cooperative Finance Corporation, Retired

Larry Blanchard
CUNA Mutual Group

Cornelius Blanding
Federation of Southern Cooperatives/LAF

Devin Fuhrman
Nationwide

John Holdsclaw IV
Rochdale Capital

Christina Jennings
Shared Capital Cooperative

Linda Tank
CHS, Inc., Retired

Deborah Trocha
Indiana Cooperative Development Center

Judy Ziewacz
NCBA CLUSA, Retired

Chuck Snyder
1953 - 2021
Meet Our Team

Mary Griffin
Executive Director

Kirstie Boyette
Associate Director

Julia Selig
Communications and Operations Associate