Is my investment in the Florida Community Loan Fund tax deductible? Both equity investments and contributions to FCLF’s general operations are tax-deductible. Debt capital investment or equity-equivalent investments are not. Financial institutions, however, can receive CRA investment and/or service test credit for either equity, equity-equivalent or debt capital investments. Contributions to FCLF’s general operations are tax deductible up to the limit of the law.
When will FCLF pay me interest on my investment? The Florida Community Loan Fund pays interest annually on June 30 of each year.
How can I be sure my investment is safe? The Florida Community Loan Fund adheres to underwriting and lending policies that ensure financial safety and soundness. To protect FCLF and its investors, it maintains a healthy loan loss reserve and through prudent growth of capital it ensures a safe capital position for investors. Historical loan loss experience is a good indicator of the quality of FCLF’s risk. Since inception in 1996 the organization has maintained an extremely low rate of loan losses. Please check with us for our current historical profile.
The Florida Community Loan Fund maintains active registration as a charitable organization in the State of Florida, and is a qualified nonprofit organization under section 501(c)(3) of the Internal Revenue Service Code. FCLF annual financial audits are available to the public and on its website.
Who else supports FCLF? Nearly all of Florida's leading banks, state and national foundations, many religious organizations and communities, and all seven of the Catholic Dioceses of Florida. Even Jimmy Buffet's Singing for Change Foundation is an FCLF supporter.
Can I get my investment back? Yes, upon maturity. All debt investments (essentially loans to FCLF) carry a specific term that is typically 3 to 10 years. FCLF will notify you by letter prior to the maturity date with options to redeem your investment or renew the investment for an additional term.
For more information on making an investment in FCLF, visit our Downloads and Resources page and see our Investor Resources.
On behalf of a grateful community, we say thank you to the Florida Community Loan Fund for taking the lead in making our dream come true.
- Paul Tutwiler, Executive Director, Northwest Jacksonville CDC
Main Office 501 N Magnolia Ave., Suite 100 Orlando, FL 32801-1364 Phone: 407.246.0846 Fax: 407.246.0856
More info at Contact Us
Also Serving the State of Florida with Offices in:WEST FLORIDA Tampa AreaSW FLORIDA Sarasota AreaS FLORIDA Fort Lauderdale AreaNE FLORIDA Jacksonville Area
VISION: Opportunity and dignity exist for every community in Florida. MISSION: Our expertise and capital make projects successful and help organizations improve lives and communities.