2016 IMPACT HIGHLIGHTS

  • $500,000K

    Flexible Financing
    Provided millions of dollars in flexible financing for local small businesses and development of affordable housing

MEDIA HIGHLIGHTS & CLIENT COVERAGE

  • SMALL BUSINESS LENDING

    When Movius arrived in 2012, the top floor had been vacant for about 15 years, but graceful architectural details of the 1920s were still striking: swirling plaster ornamentation on the walls, an enormous gold medallion on the ceiling. Classically draped nymphs that recall turn­of-the-century dance pioneer Isadora Duncan adorn the stairway walls. Within a year, Movius had negotiated a lease.
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  • INCLUSIVE ENTREPRENEURSHIP

    Community members who are 50 years old and up can soon get free help starting their own business venture in the District. A new “Work for Yourself at 50+” pilot program will launch in December through a partnership between the AARP Foundation and Wacif. About 28 percent of the District’s population is 50 and older, and about 15 percent of that population remains below the poverty line, according to a 2015 report from the American Community Survey.
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LEADERSHIP

In 2016, Wacif welcomed new, dynamic leadership to its ranks, building on the organization’s 29 years impact investing throughout the Washington, D.C. metropolitan region.

  • HAROLD B. PETTIGREW, JR.

    As Wacif’s new Executive Director, Harold Pettigrew brings over 15 years of dynamic economic development experience in small business development and finance, venture capital investing, transportation and transit, workforce development and public sector management. Harold served as Director of Washington, D.C.’s Department of Small and Local Business Development (DSLBD) and as the city’s chief advocate for small businesses, advising the Mayor and City Council on all programs, policies, and issues related to or affecting the local business community.
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  • DAWNN LEARY

    Dawnn Leary began 2016 as the newly elected Chair of Wacif’s Board of Directors. As Senior Community Investment Officer at the Greater Washington Community Foundation, Dawnn works to support the Foundation’s Economic Opportunity portfolio, including the Community Foundation’s education and workforce development investments and activities. Prior to the Foundation, Dawnn worked for LISC, a national community development finance institution where she managed the grant portfolio for the DC local office and coordinated DC’s Sustainable Communities Initiative in Neighborhoods East of the River.

  • BRIAN R. NAGENDRA

    Brian Nagendra brings extensive community investment experience and financial analysis to Wacif serving as Treasurer on the Board of Directors. Nagendra is Assistant Director of the Catalyst Funds at Living Cities where he manages Living Cities impact investment portfolio and supports due diligence for future investments. Previously, Nagendra led City First Enterprises Impact Investing Fund, a $10 million fund that financed 350 affordable housing units and leveraged an additional $50mm in private and public capital.

2016 BOARD OF DIRECTORS


  • KEVIN BAILEY
    CommonBond.co

  • JAMILA BRAITHWAITE
    Capital One

  • ROBB BUNNEN
    Bunnen Capital Management

  • ROSS GEORGE
    Cooperative Assistance Fund

  • ALEJANDRO GOLDING
    Stanton Development

  • DAWNN LEARY
    Greater Washington Community Foundation

  • DEVIN LEARY-HANEBRINK
    Capital One

  • RICHARD LOWERY
    Bowie State University

  • ANNE MORRISON
    Morgan Stanley

  • BRIAN NAGENDRA
    Living Cities

  • CAITLIN WELSH
    U.S. Department of State

RECOGNITIONS

Throughout 2016, Wacif and our staff were honored with a number of awards recognizing our leadership in community and economic development.

  • For its 20th consecutive year, Wacif was certified as a Community Development Financial Institution (CDFI) by the U.S. Department of Treasury CDFI Fund. Wacif was one of the first loan funds across the country to be certified with its first designation in 1996.
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  • Since 2005, Wacif has been certified as a SBA microlender and technical assistance intermediary for Region III (District of Columbia, Northern Virginia, and Maryland). As a SBA Intermediary, Wacif provides short-term microloans to small businesses for working capital or the purchase of inventory, supplies, furniture, fixtures, machinery and/or equipment.
  • Wacif received the GuideStar Exchange Gold participation level, a leading symbol of transparency and accountability provided by GuideStar USA, Inc., the premier source of nonprofit information. This level demonstrates Wacif’s deep commitment to nonprofit transparency and accountability.
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  • The Catalogue for Philanthropy: Greater Washington recognized Wacif as “One of the Region’s Best Nonprofits 2016-2017” through its 14th annual Catalogue for Philanthropy.
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PARTNERSHIPS

2016 INVESTOR PARTNERSHIPS

  • Downtown
    Cluster of
    Congregations

  • WAR RESISTERS LEAGUE

2016 FUNDER AND DONOR PARTNERSHIPS

  • Fradian
    Foundation

2016 PROGRAM PARTNERSHIPS