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Funds and Grants

Cooperative Development Foundation

Annual Report 2020

Building a Cooperative Future

Our Mission: CDF promotes and develops cooperatives to improve economic opportunities for all

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LEADERSHIP MESSAGE

Leslie Mead

Executive Director

Rich Larochelle

Board Chair

2020 was a year when CDF demonstrated its value.  

 

In a year dominated by a global pandemic, when other foundations and nonprofits cut back, CDF increased its grantmaking to meet the needs of cooperatives and their members who faced a world turned upside down by illness, job loss, shuttered schools and businesses, and uncertainty. CDF’s capacity to accomplish so much in 2020 was a direct result of the many years of prudent and principled oversight of the Cooperative Development Foundation’s assets and the support we enjoy from the co-op community.  

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Elbow Greetings

The Disaster Recovery Fund helps cooperatives and cooperators get back on their feet after disasters or other emergency hardship situations. 

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Fundraising and Events

Fresh Produce

The Howard Bowers Fund for food cooperatives supports professional growth and development of co-op staff and board members with grants for scholarships, event sponsorships, program development and training. 

 
 
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The Cooperative Education Fund supports cooperative education, development and training, event sponsorships and conference scholarships.

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The Cooperative Development Fund supports cooperative development, research, and technical assistance with particular emphasis on cooperatives serving the needs of seniors, providing affordable housing, and building resilience in the developing world. 

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Four remarkable cooperative leaders were inducted into the Cooperative Hall of Fame at a virtual ceremony on October 8, 2020.

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Nearly 500 co-ops and cooperators from coast to coast and across the pond participated in the Virtual Co-op 5k between September 29 through October 2 raising over $65,000 to support cooperative development nationwide.

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Barley Fields

GRANTS AWARDED

 

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 generous grant was used to support CDF's operations as well as NCBA CLUSA's 2020 Cooperative IMPACT Conference and Council of Cooperative Economists. 

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THANK YOU DONORS

CDF is grateful for the support of more than 450 individuals and organizations. The following donors contributed more than $1,000 in 2020.

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  • ACDI/VOCA

  • American Association of Credit Union Leagues

  • Basin Electric Power Cooperative

  • BriarPatch Food Co-op

  • Capital Impact Partners

  • Celeste Wallwork

  • CHS, Inc.

  • Citi Foundation

  • CoBank

  • CooperationWorks!

  • Credit Union National Association

  • CSI Support and Development Service

  • CUNA Mutual Group

  • CUNY School of Law

  • Dairy Farmers of America

  • DC Credit Union

  • Delta Community Credit Union

  • Democracy at Work Institute

  • Ellen Quinn

  • Emmet, Marvin & Martin LLP

  • Farm Credit Council

  • Federation of  Southern Cooperatives

  • Georgia Ann Bond

  • Georgia United Credit Union

  • Growmark Inc.

  • Howard Brodsky and Joan Talarico

  • IFFCO

  • Jim Polk

  • Judy Zeiwacz

  • League of Southeastern Credit Unions & Affiliates 

  • Lisa Russell 

  • Loeb & Loeb 

  • Margaret Bau 

  • Martin Lowery 

  • Membersfirst Credit Union 

  • Mississippi Association of Cooperatives 

  • National Co+op Grocers 

  • National Cooperative Bank 

  • National Credit Union Foundation 

  • National Information Solutions Cooperative 

  • National Rural Electric Cooperative Association 

  • National Rural Utilities Cooperative Finance Corporation 

  • Nationwide 

  • Neighboring Food Co-op Association 

  • Ohio Credit Union League 

  • Oryana Food Cooperative 

  • Peach State Federal Credit Union 

  • Ralph K. Morris Foundation 

  • Rich and Linda Larochelle 

  • SchoolsFirst Federal Credit Union 

  • Scott Peterson 

  • Shared Capital Cooperative 

  • Stephen Snyder 

  • The ICA Group 

  • U.S. Overseas Cooperative Development Council 

YOUR SUPPORT IN ACTION

Young Barista

Joe Garrison, Scorcher Artisan Cooperative

It feels great to have another cooperative agency covering our back during these challenging times. We're putting the grant money to work by keeping bakers in production and fresh bread on the shelf at our neighboring co-op grocery despite losing three-quarters of our income due to COVID-19.

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Robbie Markus, Evanston Development Co-op

We are grateful for your support of our co-op and cooperatives across the nation during this public health emergency. With your leadership, we are optimistic about the future of an equitable, sustainable solidarity economy in the United States. Thank you!

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Sabrina Smith, Heart is Home Cooperative Care

We are using the grant to purchase much needed PPE and provide financial support to all the caregivers that lost hours during the past two months. CDF has given the boost Heart is Home Cooperative Care needed to help navigate through these uncharted times.

FINANCIAL STATEMENT

Fundraising

CDF without Donor Restrictions

Support and Revenue

Contributions and Grants

Government Contracts

Special Events, Net Expenses

Investment Income/Loss

In-kind Contribution

Net Assets Released from Restrictions

Total Support and Revenue

Expenses

Program

Management and General

Total Expenses

Net Income

101,021

2020

87,637

213,264

285,715

226,408

10,000

586,733

1,409,757

1,657,887

142,896

1,901,804

(492,047)

124,757

2019

126,790

404,291

280,420

135,537

10,000

684,629

1,641,667

1,320,968

172,982

1,618,707

22,960

CDF with Donor Restrictions

Support and Revenue

Contributions and Grants

Investment Income/Loss

Loan Interest

Net Assets Released from Restrictions

Total Support and Revenue

Expenses

Net Income

2020

117,887

800,326

6,605

(586,733)

338,085

-

338,085

2019

215,692

815,908

6,567

(684,629)

353,538

-

353,538

All CDF

Support and Revenue

Expenses

Net Income

2020

1,747,842

1,901,804

(153,962)

2019

1,995,205

1,618,707

376,498

Reserves

Without Donor Restrictions (Beginning)

Without Donor Restrictions (Ending)

With Donor Restrictions - Purpose Restrictions (Beginning)

With Donor Restrictions - Purpose Restrictions (Ending)

With Donor Restrictions - Perpetual in Nature (Beginning)

With Donor Restrictions - Perpetual in Nature (Ending)

Total Net Assets, Beginning of Year

Total Net Assets, End of Year

2020

4,213,525

3,721,478

5,989,547

6,327,632

381,151

381,151

10,584,223

10,430,261

2019

4,190,565

4,213,525

5,636,009

5,989,547

381,151

381,151

10,207,725

10,584,223

 
 

Meet The Board

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Larry Blanchard

CUNA Mutual Group

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Cornelius Blanding

Federation of Southern Cooperatives/LAF

Devin Fuhrman

Nationwide

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Christina Jennings

Shared Capital Cooperative

Rich Larochelle, Chair

National Rural Utilities Cooperative Finance Corporation, Retired

Charles Snyder

National Cooperative Bank

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Linda Tank

CHS, Inc.

Deborah Trocha

Indiana Cooperative Development Center

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Judy Ziewacz

NCBA CLUSA, Retired

Meet Our Team

Leslie Mead

Executive Director

Kirstie Boyette

Fundraising and Funds Manager

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Minna Jia

Senior Financial Project Analyst