THE GROW AMERICA FUND, INC. ("GAF") HAS A PRIMARY MISSION TO CREATE ECONOMIC OPPORTUNITY, STIMULATE INVESTMENT, AND TO ENCOURAGE ENTREPRENEURSHIP IN LOW-INCOME COMMUNITIES BY FINANCING BUSINESSES AND ENTREPRENEURS THAT INVEST IN THOSE DISADVANTAGED (CONT. ON SCHEDULE O) COMMUNITIES, AND/OR CREATE JOBS FOR LOW-INCOME UNEMPLOYED AND UNDER-EMPLOYED INDIVIDUALS. GAF, A LICENSED U.S. SBA SMALL BUSINESS LENDING COMPANY, AND U.S. DEPARTMENT OF THE TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDES ACCESS TO CAPITAL FOR BUSINESS EXPANSION STRUCTURED WITH LONGER AMORTIZATION TERMS AND LOWER INTEREST RATES. THESE LENDING TERMS SERVE TO DECREASE DEBT SERVICE COSTS AND IMPROVE THE BORROWER'S OPERATING CASH FLOW, GIVING BUSINESSES A FINANCIAL ADVANTAGE THAT HELPS STRENGTHEN BOTH THE ECONOMIC BASE OF THE BUSINESS, AND THE COMMUNITY.
| Year | Grants | Total Giving | Avg Grant | New | Repeat |
|---|---|---|---|---|---|
| 2020 | 3 | $20K | $7K | 3 | 0 |
| 2018 | 1 | $53K | $53K | 1 | 0 |
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024 | $3,546,199 ↓ | $4,099,148 | $19,232,068 |
| 2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023 | $3,921,676 ↑ | $3,460,919 | $19,785,017 |
| 2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022 | $3,801,712 ↓ | $4,293,994 | $19,324,260 |
| 2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020 | $4,973,286 ↓ | $4,437,805 | $12,511,153 |
| 2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018 | $5,283,699 | $4,935,684 | $13,939,317 |
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