From recruiting more passionate staff members to acquiring a bigger board of directors and most importantly, generating greater impact of CFED's work, 2000 was a fundamental year of growth for CFED. Mobilizing a strategic three-year plan at the beginning of the year, CFED has channeled it's resources into acquiring individual assets, enterprise development, and sustainable economies that have resulted in a remarkable vision for economic opportunity in years to come.

1. ideas that make economies work ... for everyone
Corporation
For Enterprise
Development
2000 ANNUAL REPORT

2. ideas that make economies work ... for everyone

3. cfed mission
The Corporation for Enterprise Development fosters
widely shared and sustainable economic well-being by
promoting asset-building and economic opportunity strategies—
primarily in low-income and distressed communities—that
bring together community practice, public policy, and private
markets in new and effective ways.
cfed vision
The Corporation for Enterprise Development envisions widely
shared, sustainable economic well-being in an inclusive,
productive economy where everyone is fully engaged and
appropriately rewarded.
cfed clusters
Individual Assets
Enterprise Development
Sustainable Economies
cfed services
Research & Demonstration
Field Services
Policy Analysis, Design, & Advocacy
Communications

4. dear friends...
The word that best captures the year 2000 for CFED is growth.
We have a larger staff, a bigger Board of Directors, and more square feet than at any time in our
21-year history. More importantly, though, our work is having greater impact, allowing us to
fulfill our mission in even more innovative ways than we had envisioned in the past.
Toward the end of 1999 every member of the organization participated in an intense, six-month
assessment to consider our performance and plan for how best to steward CFED through its
accelerating growth in staff, revenues, and visibility. The result was an ambitious three-year
strategic plan, which the Board approved at the beginning of 2000.
In our first year of implementing this plan, we made remarkable progress in achieving some of the
major goals we’d set. To sharpen the focus of our work and capture synergies among related
projects, CFED “clustered” its programmatic efforts into three broad areas—individual assets,
enterprise development, and sustainable economies—each with its own objectives,
leadership, and budget. We also invested heavily in essential infrastructure to support our
programmatic mission. We created or enhanced our communications, administration, technology,
finance, development, and human resources functions by assigning each a specific manager, work
plan, and budget.
Although it will take time for these investments to mature, we’ve already seen significant quality
improvements across the organization. A third component of the strategic plan calls for cross-
cluster competencies and coordination, which will be the next step in the evolution of CFED’s
management structure.
Any organization would find such dramatic reconfiguration a sizable challenge; CFED was no
exception. But 2000 had more change in store for us. CFED welcomed 18 new staff and said
farewell to five, so that by the end of the year we had 30 full-time employees. We expect even

5. more growth in 2001. To add to the general upheaval, our Washington, DC, office moved to a
larger space in the early fall—coinciding with activity on major Individual Development Account
(IDA) legislation on Capitol Hill.
CFED’s Board of Directors grew from eight to 15 members. We were delighted to welcome
David Dodson, president of MDC, Inc.; Fred Goldberg, partner at Skadden, Arps, Slate, Meacher,
Flom, LLP; Angela Glover Blackwell, president of PolicyLink; Maurice Lim Miller, executive director
of Asian Neighborhood Design, Inc.; Chris Page, program officer of Rockefeller Financial Services,
Inc.; Chuck Parrish, executive vice president of Phone.com, Inc.; and Hilary Pennington, president
of Jobs for the Future. Three new Board oversight committees began work on finance and
investments, development and endowment, and human resources and nominations.
Finally, CFED was awarded a gift of $2 million from the Charles Stewart Mott Foundation to
grow our endowment—the Investment in Innovations Fund—to more than $4 million. We are well
on our way to a three-year target of $15 million and are indebted to Benita Melton, Jack
Litzenberg, and Bill White for their support and guidance in securing this very generous grant.
This report can only share a few highlights of how CFED worked in the year 2000 to expand widely
shared and sustainable economic well-being—there is so much more. We are honored to lead an
organization with such dedicated staff, dynamic partners, and visionary funders. It is a tribute to
the character of those who comprise the CFED community that we have thrived through
such a rapid pace of change with our sense of humor intact and our vision still clearly
at the fore.
BRIAN DABSON, PRESIDENT BOB FRIEDMAN, CHAIR
= clickable link for more information

6. cfed goals
...Create incentives and systems that encourage and assist
all American individuals and families to acquire and hold assets.
...Identify, preserve, and build financial, human, social, and
environmental assets, especially in low-income communities
across the country.
...Advocate economic development policies and practices
that build a dynamic and inclusive economy.

7. highlights of the year 2000
building a strong financial future: incorporating a national financial
growing cfed’s endowment institution to advance microenterprise
In late 2000, CFED received an extraordinary $2-million gift In November 2000, CFED incorporated its first independent
from the Charles Stewart Mott Foundation to move the subsidiary, the National Fund for Enterprise Development (NFED), to
organization closer toward self-sufficiency and its three-year, support work at the state and regional levels to expand, leverage, or
$15-million endowment goal. consolidate resources for low-income entrepreneurs.
This gift was only the most recent installment in a tradition of financial Throughout the nation, there is growing momentum among diverse
and intellectual support that spans more than 15 years. The Mott stakeholders to come together to capture economies of scale, deploy
Foundation has been a visionary funder and has partnered with CFED capital, share learning, influence public policy, raise funds, and provide
in work that led to the Development Report Card for the States (DRC); services for microenterprise development. NFED will foster the growth
the Self-Employment Investment Demonstration; the Association for and success of these efforts by providing an enduring national
Enterprise Opportunity; the Self-Employment Learning Project; the platform for funding, training, and technical assistance for state
Microenterprise Fund for Innovation, Effectiveness, Learning, and microenterprise intermediaries.
Dissemination; the State Microenterprise Associations Initiative; the
NFED was designed in conjunction with the Association for Enterprise
Microenterprise Anti Poverty (MAP) Consortium; the American Dream
Opportunity, microenterprise practitioners, investors, and others and is
Demonstration (ADD); and so much more.
certified by the Community Development
By bringing the Investment in Innovations Fund to more than $4 Financial Institutions (CDFI) Fund
million, the Mott Foundation contributed to CFED’s permanence by of the U.S. Department of the
providing an enduring stream of revenue for flexibility, informed risk Treasury.
taking, and innovation.
= clickable link for more information

8. expanding the assets reinventing the
for independence act development report card for the states
Throughout 2000, CFED closely monitored and communicated In October 2000, CFED transformed the Development Report Card for
information to the field about amendments and appropriations for the the States (DRC) into an entirely online publication. The 14th annual
Assets for Independence Act (AFIA)—Public Law 105-285. Enacted in DRC continued to challenge other leading economic reports by using
1998, AFIA authorized the U.S. Department of Health and Human more than 70 indicators to benchmark states, thus presenting a wider
Services to establish a five-year, $125-million federal IDA demonstration. view of economic performance and equity. In addition to customized
pages for all 50 states and regional trend analysis, the online DRC
In 1998 and 1999, Congress earmarked only $10 million of the
allowed users to download raw data and customize queries
possible $25 million per year allowed by the legislation. Even with
with specific combinations of states or indicators.
limited funding, the demonstration enabled 40 non-profit organizations
to establish IDAs for low-income families. The IDA field rallied to Data from the DRC was cited in at least
educate Congress about the importance of providing maximum 108 news stories in 42 states, and 6,000
support for AFIA, and a full $25 million was approved for fiscal year unique users visited the web site before the
2001. With this increase, it is estimated AFIA will fund as many as year’s end. Released amidst a flurry of
33,000 new IDAs. election-year rhetoric, the report provided a
realistic context for evaluating economic
Further, Congress and President Clinton approved significant
promises and programs of local, state, and
amendments to AFIA. Sponsored by Senators Gregg (R-NH), Harkin
federal candidates. The publication
(D-IA), and Kennedy (D-MA) and passed in December 2000, the
elevated the profile and quality of debate
legislation expanded eligibility for AFIA-funded IDAs and aligned the
surrounding community economic
law with current IDA practice.
development, state tax incentives, regional performance, and more.
= clickable link for more information

9. contributions to the field
grants and investments made by cfed in 2000
ACCESS Agency, Inc. California Capital, Small CTE, Inc. Heart of America Lenders for Community
Willimantic, CT Business Development Center Stamford, CT Family Services Development
Sacramento, CA Kansas City, MO San Jose, CA
ACEnet Detroit Non-Profit
Athens, OH Caleb Community Housing Corporation Housing Assistance Lexington Housing Community
Development Corporation Detroit, MI Corporation Development Corporation
Acre Family Day Corporation Baton Rouge, LA Hyannis, MA Lexington, NC
Lowell, MA East Bay Asian Local
Calvert Social Development Corporation Human Solutions Maine Centers for Women,
ADVOCAP Investment Foundation Oakland, CA Portland, OR Work, and Community
Oshkosh, WI Bethesda, MD Augusta, ME
Economic Opportunity Agency Institute for Market Economics
Alliance for Capital Area of Washington County Sophia, Bulgaria Martha O’Bryan Center
Minnesota Microenterprise Asset Building Corporation Fayetteville, AR Nashville, TN
Virginia, MN Washington, DC Institute for
Economic Ventures Responsible Fatherhood Massachusetts
Alliance for Multicultural Center for Community Self-Help Knoxville, TN San Diego, CA Micro-Enterprise Coalition
Community Services Durham, NC Boston, MA
Houston, TX Florida Association for International Center for
Central Texas Mutual Housing Microenterprise Entrepreneurial Studies Michigan State University
Allston Brighton Community Association Ocean Ridge, FL Bucharest, Romania Saginaw, MI
Development Corporation Austin, TX
Allston, MA Foundation for Jefferson Economic Microenterprise
Central Vermont Economic Education Development Institute Council of Maryland
Alternatives Federal Community Action Council Warsaw, Poland Mount Shasta, CA Baltimore, MD
Credit Union Barre, VT
Ithaca, NY Garfield Jubilee Association Juma Ventures Micronet
Consumer Credit Pittsburgh, PA San Francisco, CA Wiscasset, ME
Appalachian Development Counseling of Durham
Federal Credit Union Durham, NC Georgia Justine Peterson MidAmerica Leadership
The Plains, OH Microenterprise Network Housing and Reinvestment Foundation
Community Action Atlanta, GA St. Louis, MO Chicago, IL
Assets for All Alliance Program of Evansville
San Jose, CA Evansville, IN Grand Rapids Kansas Microenterprise Missouri Association
Opportunities for Women Opportunity Network for Social Welfare
Bay Area IDA Collaborative Community Action Grand Rapids, MI Manhattan, KS Kansas City, MO
San Francisco, CA
Project of Tulsa
Tulsa, OK Greater Dwight Kentucky Association of Montana Community
California Association for Development Corporation Microenterprise Practitioners Development Corporation
Microenterprise Opportunity Community Development New Haven, CT Louisville, KY Missoula, MT
Oakland, CA
Technologies Center
Los Angeles, CA Hawaii IDA Collaborative
Honolulu, HI
= clickable link for more information

10. cfed 2000 publications
Mount Hope Oikos Community Development Tennessee Network for IDAnetwork
Housing Corporation Corporation Community and Economic
Bronx, NY Dayton, OH Development
Nashville, TN Assets: A Quarterly Update for Innovators
Mountain Association for Oregon
Community Economic Microenterprise Network Tulane-Xavier Campus Affiliates
Development Eugene, OR New Orleans, LA The Development Report Card for the States
Booneville, KY
People Inc. of United Way of Atlanta
North Carolina Southwest Virginia Atlanta, GA
Pie in the Sky:
Department of Labor Abingdon, VA
Raleigh, NC Virginia The Battle for Atmospheric Scarcity Rent
Rocky Mountain Mutual Microenterprise Network
Near Eastside IDA Program Housing Association Richmond, VA
Indianapolis, IN Denver, CO Common Assets:
Washington State
Nebraska Enterprise Rural California Lenders Network Asserting Rights to Our Shared Inheritance
Opportunity Network Housing Corporation Tonasket, WA
Stanton, NE Sacramento, CA
West Company Curbing Business Subsidy Competition:
Neighborhood Economic Shorebank Corporation Fort Bragg, CA
Development Corporation Chicago, IL Does the European Union Have an Answer?
Mesa, AZ Westchester Residential
Shorebank Opportunities, Inc.
New Enterprises Fund, Inc. Neighborhood Institute White Plains, NY Accountability: The Newsletter of the
Christiansburg, VA Chicago, IL
Woodland Community Business Incentives Reform Clearinghouse
New Hampshire MicroBusiness Statewide Emergency Development Corporation
Resource Partners Network for Social and Clarfield, TN
Concord, NH Economic Security Trade and Sustainable Development:
Albany, NY Women’s
New Mexico Community Self-Employment Project A Newsletter
Development Loan Fund Steans Family Foundation Chicago, IL
Albuquerque, NM Chicago, IL
Women’s Opportunity Budgeting and Economic Development:
Northland Institute Tabor Community Services Resource Center
Minneapolis, MN Lancaster, PA Philadelphia, PA A Guide to Unified Development Budgets
Office of Economic Opportunity Technical Assistance YWCA of New Castle County
Murphy, NC Providers’ Association Wilmington, DE A full listing and descriptions of CFED publications
Barre, VT
is also available.
= clickable link for more information

11. individual assets

12. ...to lay the
foundations for a
universal savings and
investment system

13. guiding the american developing infrastructure designing a billion-dollar
dream demonstration in the IDA field IDA marketplace
Supported by 11 national foundations and In 2000, CFED expanded its response to the Working closely with federal policymakers,
initiated by CFED in September 1997, the growing IDA field. Spurred in part by ADD IDA practitioners, academics, interest
American Dream Demonstration (ADD) is the and supportive public policies but largely by groups, and others, CFED was instrumental
first large-scale test of IDAs as a social and dynamic community leaders, IDA initiatives in recrafting legislation that would have
economic tool for low-income communities. grew from approximately four in 1996 to 250 provided billions of dollars in tax credits to
Although just beyond its midpoint, the five- in 2000. CFED expanded, improved, or support IDAs for low-income Americans.
year ADD program has already yielded created a number of products or services,
Introduced in both chambers of Congress in
significant results. It has influenced state and including the following achievements:
February, the Savings for Working Families
federal IDA policy, refined effective practices
...Substantially reworked IDAnetwork.org, Act of 2000 (SWFA) gained tremendous
in IDA account and service delivery, and
an online learning community momentum and support throughout the year.
generated a wealth of statistical data proving
Only last-moment politics surrounding a
that the poor can and will save to invest in ...Instituted a field-based, participatory
larger legislative proposal prevented SWFA
high-value assets like education, home process for developing IDA program
from becoming law in 2000.
ownership and business start-up. certification standards
However, SWFA laid the ground work for firm
By mid-2000, 2,378 accountholders aged ...Trained a cadre of 54 Americorps*VISTA
bipartisan consensus and a broad coalition
13–72 were saving in ADD-supported IDAs. volunteers to build IDA programs nationwide
of advocates who will support future IDA
Their average monthly net deposit was
...Created a framework and partnerships to policy initiatives. CFED is poised to lead a
$25.42; their cumulative savings total was
develop a comprehensive financial literacy strong effort in 2001 to change the U.S. tax
$838,443. Including matching funds, the total
curriculum code to provide a permanent structure to
asset accumulation was $2,482,951. As of
promote asset building for the poor.
mid-2000, 13% of accountholders had already ...Expanded the national IDA learning
made matched withdrawals. Among them, conference to offer more than 30 workshops
approximately 24% purchased a home, 24% to 550 participants
invested in microenterprise, and 21% pursued
...Increased distribution of Assets, CFED’s
post-secondary education. The rest invested
quarterly newsletter for IDA stakeholders,
in home repairs, retirement, or job training.
and initiated more thematically based stories
= clickable link for more information

14. 1991 1992 1993 1994 1995
field services ............................................................ Community-based .......................... CFED hosts first national IDA
organizations implement first conference in Chicago, IL;
IDA initiatives 150 participants attend
CFED publishes first edition
of the IDA Program Design
Handbook
research &
communications ..... Center for Social Development .................................................. CFED distributes first edition ............................
at Washington University in of the newsletter Assets:
St. Louis publishes Assets A Quarterly Update for
and the Poor—Michael Innovators
Sherraden’s seminal book
outlining the conceptual
framework for IDAs
policy ....................... U.S. House of ........................ Iowa enacts first state IDA law ....................................................
Representatives Select
Committee on Hunger hosts
first federal hearings on IDAs
= clickable link for more information

15. 1996 1997 1998 1999 2000
field services ... Four IDA initiatives in CFED, the Center for Social CFED hosts national IDA CFED hosts national IDA CFED hosts national IDA
operation throughout the Development, and 11 conference in Chicago, IL; learning conference in learning conference in Austin,
United States national funding partners attendance grows to 300 Oakland, CA; 450 TX; 550 participants attend
launch national IDA policy participants attend
demonstration: the American CFED trains and assigns 54
Dream Demonstration (ADD) CFED trains and assigns 46 Americorps*VISTA volunteers
Americorps*VISTA volunteers to build U.S. IDA initiatives
to build U.S. IDA initiatives
Approximately 250 U.S. IDA
initiatives in operation
CFED and stakeholders in
the field develop and refine
framework for voluntary
certification of IDA initiatives
research &
communications .................................................. CFED launches the IDA ............................ Center for Social Development
Learning Network—an online publishes Savings and Asset
community to foster informa- Accumulation in Individual
tion exchange on IDAs Development Accounts, the
first comprehensive report on
CFED publishes Building data generated by the ADD
Assets for Stronger Families,
Better Neighborhoods, and CFED unveils IDAnetwork.org
Realizing the American —an expanded and updated
Dream—a report on research version of the online IDA
related to assets and asset- Learning Network
building policies
policy................ Federal welfare reform law ........................... Assets for Independence Act HHS Office of Community Congress considers Savings
includes IDAs as a permissible (AFIA) becomes law, Services awards 40 grants for Working Families Act—
use for Temporary Assistance establishing a 5-year, $125- under the AFIA multibillion-dollar tax legis-
for Needy Families (TANF) funds million federal IDA demonstration project lation to promote IDAs
demonstration
Clinton discusses IDA-like Assets for Independence Act
savings accounts in State of (AFIA) appropriation is $25
the Union address million for Fiscal Year 2001
HHS Office of Refugee Gore and Bush both include
Resettlement makes funds IDAs or IDA-like accounts in
available to establish and campaign messages
manage IDAs for refugees
= clickable link for more information

16. Looking forward...
While stewarding the Savings for Working
Families Act through Congress, CFED will
help financial institutions prepare to
implement the law and will provide
technical assistance, training, and tools to
further develop the infrastructure of the
IDA field.

17. enterprise development

18. ...to develop enterprises
and human capital through
finance, education, and
policy development

19. making microenterprise investing in innovation in building an information
a priority development finance infrastructure for CDFIs
In 2000, CFED significantly expanded its In April and October, CFED’s Local Capital In 2000, the groundbreaking CDFI Data
State Microenterprise Association Initiative, Markets Investment Fund made seven Project made significant progress toward its
doubling grant awards to $160,000—16 investments averaging $75,000 in goal of creating a sustainable data collection
awards—and convening an intensive two- community development financial and management system for the nation’s
day meeting of 40 associations and others to institutions (CDFIs) on the cutting edge of community development financial Iinstitutions
examine management and public policy policy and practice. (CDFIs).
advocacy issues.
Guided by its investment committee of The project convened nine national
Managed by CFED, the Microenterprise Anti bankers and other development lenders, organizations that collectively represent the
Poverty (MAP) Consortium is an ongoing the Fund made several targeted breadth of the CDFI field. In October, each
partnership among leading national investments in: organization agreed to collect and share
organizations to promote federal policies in fiscal year 2000 data from 450 CDFIs and
...A new financing entity to reinvest idle
support of low-income entrepreneurs. other development finance institutions.
funds held by revolving loan funds
Throughout the year, MAP Consortium
Goals of the project include reducing the
partners educated policymakers about the ...Financial assessment and planning
reporting burden of development finance
importance of the Program for Investment in software
institutions over time, as well as building
Microentrepreneurs (PRIME) Act—landmark
...Marketing materials and strategies to capacity in CDFIs and the trade associations
legislation that authorizes federal funds for
attract new sources of private capital for participating in the project. In 2001, the
training and technical assistance for low-
small businesses project will produce a business plan that
income entrepreneurs. Partners in the MAP
outlines an information infrastructure over
Consortium successfully made the case for a ...An integrated management information
three to five years.
$15-million appropriation in fiscal year 2001. system to assess the social and economic
impact of investments in small businesses This project will transform the way CDFI data
CFED also launched its State TANF–
is collected and used in the development
Microenterprise Initiative by making grants to ...A new equity investment product
finance field.
support state leaders who advocate designed for rural businesses
microenterprise as a path from welfare
dependence to economic self-sufficiency.
= clickable link for more information

20. 1991 1992 1993 1994 1995
field services ........... The Association for CFED launches State Human ................................................... CFED hosts international
Enterprise Opportunity, Investment Policy conference on self-
a national microenterprise Demonstration in Iowa, North employment and
trade association, starts up Carolina and Oregon unemployment insurance in
partnership with the U.S.
The Aspen Institute Department of Labor and the
launches the Self- Organization for Economic
Employment Learning Cooperation and Development
Project—a five-year
longitudinal study of low-
income entrepreneurs—
based on CFED design
research &
communications ...... CFED hosts the Federal ............................................................................
Microenterprise Policy
Institute, where practitioners
and policymakers discuss
initiatives and regulations to
support microenterprise
policy ...................... CFED testifies before ........................ The federal Community .......................... CFED testifies before the
Congress on the efficacy of Development Financial U.S. House of Representa-
microenterprise development Institutions Act passes, tives on alternative uses of
as an antipoverty strategy expanding access to credit, employment compensation
investment capital, and
Microenterprise financial services for Microenterprise development
development becomes an underserved communities is included as an eligible
eligible activity under the activity in the federal
Job Training Partnership Personal Responsibility and
Act, which launches a grant Work Opportunity Act
program for state (known as welfare reform)
microenterprise training and
technical assistance
= clickable link for more information

21. 1996 1997 1998 1999 2000
field services ... CFED begins work to create Microenterprise Fund for CFED releases findings from CFED collaborates with CFED launches State TANF-
the State Microenterprise Innovation, Effectiveness, the National Revolving Loan prominent national Microenterprise Initiative,
Association Initiative to Learning, and Dissemination Fund Census and seven organizations to create the awards initial grants in five
promote practitioner forms to develop, document, state revolving loan fund CDFI Data Project states
networks and disseminate effective profiles at the national
practices in employing Counting on Local Capital CFED launches the Local CFED founds National Fund
microenterprise as an Institute Capital Markets Investment for Enterprise Development–
antipoverty strategy Fund to spur innovation and the first national intermediary
the creation of replicable for microenterprise
models for the development
finance industry
research &
communications CFED publishes Realizing the ........................... CFED hosts first annual State CFED hosts annual State CFED hosts annual State
Promise of Microenterprise Microenterprise Association Microenterprise Association Microenterprise Association
for Welfare Recipients— Initiative convening in Wash- Initiative convening in Wash- Initiative convening in Wash-
guidelines for states to ington, DC; 30 participants ington, DC; 35 participants ington, DC; 40 participants
harness welfare reform in attend attend attend
support of low-income
entrepreneurs
policy .............. Microenterprise development CFED convenes Microenter- Program for Investment in CFED receives Presidential Practitioners from across the
is included as an eligible prise Anti Poverty (MAP) Microentrepreneurs Act Award for Excellence in country travel to Washington,
activity in federal welfare-to- Consortium to advance (PRIME) becomes law, Microenterprise Development DC, and successfully
work legislation policy innovation in support providing funds to support advocate for a $15-million
of microenterprise low-income entrepreneurs appropriation for the PRIME
Act
The White House presents
first Presidential Awards for
Excellence in Microenterprise
= clickable link for more information

22. Looking forward...
In addition to nurturing NFED, CFED will
identify new sources of microenterprise
capital and will increase the number,
amount, and scope of investments in new
tools to strengthen development finance
institutions.

23. sustainable economies

24. ...to promote economic
opportunity through
effective, accountable,
environmentally
compatible development

25. balancing trade vs. engaging an environmental fostering international
sustainable development equity constituency exchange
In 2000, CFED and the Harrison Institute of CFED and its partners jointly launched As part of its Economic Development
Public Law at Georgetown University launched Americans for Equitable Climate Solutions Fellowship Program, CFED arranged six
a multi-year project to strengthen the (AECS), a nonprofit organization promoting international fellowship tours in 2000 to
governing capacity of state and local officials ways to cut carbon emissions but protect share information and encourage innovation
in an increasingly global economy. An some individuals, communities, and in worldwide economic development policy
ambitious work plan to better balance goals industries that may be harmed by higher and practice. Small groups of development
of increased trade and sustainable economic energy prices. Although often seen as a professionals from Bulgaria, Germany,
development has already resulted in the purely environmental debate, attempts to Poland, and Romania met with their
following accomplishments: stem global warming affect the interests of American counterparts to learn about topics
labor, community development proponents, such as taxation and business climate,
... A study tour to Europe to explore
antipoverty advocates, state and local tourism development, regional development
international solutions to subsidy competition
policymakers, and others. Through AECS, strategies, workforce training, and
... Publication of Curbing Business Subsidy CFED hopes to give those groups a stronger public–private partnerships.
Competition: Does the European Union Have voice in the debate.
A fellowship program also allowed a group
an Answer?
CFED also helped organize an equity coali- from the United States to travel to Europe to
... A monthly electronic newsletter on trade tion in association with the Sky Trust Initia- study multilateral trade and investment
and local development (www.cfed.org) tive. Sky Trust proposes to limit how much agreements. Trips typically lasted three
carbon can be put into the atmosphere, allow weeks and included a total 41 participants
... A symposium on global incentive reform
the market to set a price on emission rights, from the five countries.
in Washington, DC
collect revenue from those who purchase the
... Addresses to four state legislatures right, and return proceeds to the owners of
the sky—the public. CFED developed and
... Research into potential trade law impacts
published briefing materials about the
on a number of state laws
economic equity components of the
... New resources for the online Business In- environmental debate and the impact of
centives Reform Clearinghouse (www.cfed.org) global warming on minority communities in
the United States.
= clickable link for more information

26. 1991 1992 1993 1994 1995
field services............ CFED manages multi-site The Nature Conservancy Rethinking Rural .....................................................
community capacity-building partners with CFED to Development reports CFED’s
demonstration in Mississippi facilitate a community-wide, work with development
and publishes lessons learned environmentally compatible practitioners in sparsely
to promote effective practices development plan with populated areas to test
Northampton County, VA ideas, tools, and policies to
Edison Electric Institute promote economic
commissions CFED to investment outside urban
develop a community-based centers
economic development
workbook and train more
than 100 development staff
of investor-owned utilities
research &
communications .............................. The AFL-CIO funds CFED to ......................... CFED publishes Bidding for ...........................
research and write Working Business, a critical analysis
Capitols, a major work on of how cities and states can
state economic development erode quality of life when led
polices and practices astray by tax-based business
incentive competition
policy................................................ States and communities CFED develops, tests, and CFED presents policy Massachusetts and North
seek guidance about how promotes an economic alternatives to tax-based Carolina seek assistance in
to manage effective analysis tool to create a business incentives examining the practice of
economic development in benchmarking system for tax-based business
the midst of recession; regional development incentives and work to make
CFED presents Hard Times, public investments more
Smart Choices equitable and cost-effective
CFED trains activists and
opinion leaders on the
importance of equity,
accountability, and quality of
life in making economic
decisions
= clickable link for more information

27. 1996 1997 1998 1999 2000
field services.............................. Indiana Economic Develop- CFED launches the Economic More than 38 international CFED President, Brian
ment Council, the Environ- Development Fellowship Pro- economic development Dabson, becomes Chair of
mental Defense Fund, and gram (EDFP) to promote policymakers, practitioners, the international Forum on
CFED collaborate to develop international exchange and opinion leaders engage Social Innovations to foster
the Profits, Productivity, and between economic develop- in six independent U.S. study transatlantic exchange
Pollution Prevention program ment policymakers, practi- tours as part of CFED’s EDFP between North America and
to weave together environmen- tioners, and opinion leaders Organisation for Economic
tal concerns and economic in Europe and the United Co-operation and Develop-
performance in mainstream States ment (OECD) member
business practices nations
Nearly 50 international
economic development policy-
makers and practitioners
engage in six independent
U.S. study tours as part of
CFED’s EDFP
research &
communications ........................ Environmentally compatible Business Incentive Reform CFED and the Harrison CFED elevates the profile of
economic development is Clearinghouse, an interactive Institute of Georgetown Law appropriate economic
promoted through a resource web site at cfed.org, Center research threats development by retooling the
book, Building Healthy provides local, state, and posed by global trade and 14th annual Development
Communities federal policymakers with the investment agreements to Report Card for the States as
best ideas for holding state and local economic an entirely online publication
business incentives to a development policies and
higher standard of programs
accountability
policy ................................................................... CFED incubates the Sky The Center on Budget and Americans for Equitable
Trust concept to seek an Policy Priorities joins CFED to Climate Solutions incorporates
economically equitable develop, propose, and to push for the Sky Trust
solution in global climate publish creative public and agenda, which is further
change policy private sector strategies in refined by CFED’s Pie in the
Creating Jobs Sky publication
= clickable link for more information

28. Looking forward...
With an eye toward equity, economy, and
the environment, CFED will work
collaboratively across national borders to
address common threats such as growing
inequality, increasing globalization, and
climate change.

29. cfed partners & investors
revenues... groups & individuals providing over $10,000 in 2000
1990—$1,427,949 Anonymous The John D. & Catherine T. MacArthur Foundation
Bank of America Microsoft Corporation
1991—$1,447,109 BP Amoco Foundation Charles Stewart Mott Foundation
Capital Area Asset Building Corporation Ms Foundation for Women
1992—$1,712,539 The Annie E. Casey Foundation National Community Capital Association
Chase Manhattan Bank The New York Community Trust
1993—$1,665,882 Citigroup Foundation The Philanthropic Collaborative
Richard Cohon Redefining Progress
1994—$1,816,726 Corporation for National Service San Francisco Foundation
The Energy Foundation South Dakota Rural Enterprise, Inc.
1995—$1,768,932 Fannie Mae Foundation Surdna Foundation
Ford Foundation Tides Foundation
1996—$2,921,993 German Marshall Fund of the United States Turner Foundation
Governors State University— W. Alton Jones Foundation
South Metropolitan Regional Leadership Center
1997—$2,826,681 Wallace Global Fund
F.B. Heron Foundation
Winthrop Rockefeller Foundation
The Joyce Foundation
1998—$4,142,068
Ewing Marion Kauffman Foundation
W.K. Kellogg Foundation
1999—$5,425,933
Levi Strauss Foundation
2000—$7,290,747
= clickable link for more information

30. 2000 financial highlights
Continued rapid growth and major investments in internal net assets...
capacity led to a mixed financial result for 2000.
1990—($11,222)
On the one hand... 1991—($131,057)
...Total assets increased by 16.2% from almost $9 million in 1999 to $10.4 million in 2000. 1992—($127,899)
...Cash and cash equivalents increased by 21% from $6.4 million to $7.7 million.
1993—($129,022)
...Earned revenues (services, communications, and net assets released from purpose
1994—$58,715
restrictions) rose by 40% from $5 million to $7 million.
1995—$43,497
On the other hand...
1996—$1,005,127
...Unrestricted assets decreased by $321,465 of which $101,092 was a loss on
investments. 1997—$4,087,821
...While total revenues increased by 34%, total expenses increased by 53%. 1998—$4,551,409
...The fund balance (unrestricted, undesignated reserves) decreased from $495,506 to
1999—$8,697,517
$186,722.
2000—$9,377,991

31. statement of activities
1999 2000
change in unrestricted net assets
revenue, gains, and other support
Service revenue $ 906,746 $ 954,092
Interest and dividends, including amounts earned on
designated reserve of $88,412 and $66,225, respectively 177,312 262,614
General support — 113,700
Communications revenue 32,690 14,848
Other 38,847 12,596
Contributions 108,000 3,000
Net unrealized (losses) gains on investments 108,237 (101,092)
net assets released from restrictions
Satisfaction of program and time restrictions 4,054,101 6,030,989
————————————
———————————— ————————————
————————————
total revenue, gains, and other support ............... 5, 425,933 .............. 7,290,747
expenses
program services
Services 4,580,922 6,985,081
Communications 92,863 15,363
————————————
———————————— ————————————
————————————
Total program services ...................................... 4,673,785 .............. 7,000,444
supporting services
Management and general 307,498 611,768
————————————
———————————— ————————————
————————————
total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,981,283 . . . . . . . . . . . . . . 7,612,212
change in unrestricted net assets . . . . . . . . . . . . . . . . . . . . . . . . . . 444,650 . . . . . . . . . . . . . . (321,465)
Service revenue 7,145,559 7,032,928
Contributions 610,000 —
Net assets released from restrictions:
Satisfaction of program and time restrictions (4,054,101) (6,030,989)
————————————
———————————— ————————————
————————————
change in temporarily restricted net assets . . . . . . . . . . . . . . . . .—3,701,458— . . . . . . . . . . . . . . 1,001,939
————————————
—————————— ————————————
————————————
change in net assets ................................... 4,146,108 . . . . . . . . . . . . . . . . 680,474
net assets, beginning of year 4,551,409 8,697,517
————————————
———————————— ————————————
————————————
net assets, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,697, 517 . . . . . . . . . . . . . . $9,377,991

32. financial position
1999 2000
assets
current assets
Cash and cash equivalents $6,359,366 $7,693,616
Contracts, contributions, and grants receivable 1,020,929 666,344
Other receivables 89,425 4,549
Prepaid expenses 34,414 100
————————————
———————————— ————————————
————————————
Total current assets ......................................... 7,504,134 ............. 8,364,609
noncurrent assets
Property and equipment, net of accumulated
depreciation of $254,916 and $222,122, respectively 47,430 107,667
Investments 1,422,883 1,956,778
Security deposit 2,242 2,242
————————————
———————————— ————————————
————————————
Total noncurrent assets ...................................... 1,472,555
————————————
————————————
. . . . . . . . . . . . . 2,066,687
————————————
————————————
total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,976,689 . . . . . . . . . . . . . 10,431,296
liabilities and net assets
current liabilities
Accounts payable and accrued expenses $252,207 $859,641
Deferred revenue 26,965 185,669
Deferred rent — 7,995
————————————
———————————— ————————————
————————————
Total current liabilities 279,172 1,053,305
————————————
———————————— ————————————
————————————
total liabilities ........................................... 279,172 ............. 1,053,305
commitments & contingencies
net assets
Unrestricted
Undesignated 495,506 186,722
Designated reserve 1,422,883 1,410,202
————————————
———————————— ————————————
————————————
1,918,389 1,596,924
Temporarily restricted 6,779,128 7,781,067
————————————
———————————— ————————————
————————————
total net assets ........................................ 8,697,517
————————————
————————————
. . . . . . . . . . . . . 9,377,991
————————————
————————————
total liabilities and net assets . . . . . . . . . . . . . . . . . . . . . . . . . 8,976,689 . . . . . . . . . . . . . 10,431,296

34. cfed staff
Shawnice Blakes (from 6/00) Roberta Lamb Jackson (to 6/00) Jenanne Rock (from 7/00) LISTS ARE CURRENT AS OF
Administrative Assistant Program Coordinator Americorps*VISTA Leader DECEMBER 31, 2000
Ray Boshara Martina James (to 8/00) Bruce Ruffin (from 6/00)
Policy Director Program Manager Americorps*VISTA Leader
Beverly Brandon-Simms LaShelle Jenkins (from 8/00) Heather Sabrie
Chief Financial Officer Office Manager Senior Communications Manager
René Bryce-Laporte Lisa Kawahara William Schweke
Senior Program Manager Administrative Manager Senior Program Director
Cecilia Cuthbert (from 2/00) Linda Keeney Steve Shepelwich (from 3/00)
Office Manager Communications Manager Senior Program Manager
Brian Dabson Patricia Kennedy (from 10/00) Javier Silva (from 9/00)
President Program Manager Program Manager
Colleen Dailey Andrea Levere Anna Smith
Program Manager Vice President Accounting Technician
Mary-Elizabeth Davis (to 11/00) Jennifer Malkin (from 10/00) Sandi Smith (from 2/00)
Senior Accountant Program Associate Senior Program Manager
Tiffany Eng (to 8/00) Deborah Manley Sean Stickle
Program Coordinator Employee Services Manager Senior Technology Manager
Robert Friedman Kent Marcoux Helen Payne Watt (to 6/00)
Chair Program Director Senior Program Manager
Peter Genuardi (from 9/00) Leslie Parrish (from 6/00) Jennifer Willson (from 8/00)
Program Associate Program Manager Communications Associate
Inger Giuffrida (from 6/00) Danielle Passareti (from 4/00) Karen Wilson (from 2/00)
Program Director Americorps*VISTA Leader Development Director
Brian Grossman (to 7/00) Kim Pate (from 9/00)
Program Director Senior Program Manager
Matt Hull Carl Rist
Program Manager Program Director
= clickable link for more information

35. board of directors
Rebecca Adamson Chris Page LISTS ARE CURRENT AS OF
President, First Nations Program Officer, DECEMBER 31, 2000
Development Institute Rockefeller Financial Services, Inc.
Fredericksburg, VA New York, NY
William Bynum Chuck Parrish
President and CEO, Enterprise Executive Vice President,
Corporation of the Delta Phone.com, Inc.
Jackson, MS Redwood City, CA
Brian Dabson Hilary Pennington
President, Corporation for President, Jobs for the Future
Enterprise Development Boston, MA
Washington, DC
Janet Thompson
David Dodson Vice President, Citibank N.A.
President, MDC, Inc. New York, NY
Chapel Hill, NC
Joan Wills
Robert Friedman Director, Institute for
Chair, Corporation for Educational Leadership
Enterprise Development Washington, DC
San Francisco, CA
Grace Young
Fred Goldberg, Jr. Director, Concurrent
Partner, Skadden, Arps, Slate, Technologies Corporation
Meacher, Flom, LLP Camden, SC
Washington, DC
Angela Glover Blackwell
President, PolicyLink
Oakland, CA
Ronald Gryzwinski
Chairman, Shorebank Corporation
Chicago, IL
Maurice Lim Miller
Executive Director,
Asian Neighborhood Design, Inc.
San Francisco, CA
= clickable link for more information

36. To learn more about CFED, visit www.cfed.org
national office southern office western office
777 N Capitol St NE 123 W Main St 353 Folsom St
Suite 800 Third Floor San Francisco, CA
Washington, DC Durham, NC 94105
20002 27701 415.495.2333
202.408.9788 919.688.6444 415.495.7025
202.408.9793 919.688.6580
= clickable link for more information

37. Corporation
For Enterprise
Development
777 N Capitol St NE
Suite 800
Washington, DC
20002