February 28, 2005
ePhilanthropy Board Chair Delfin Set To Accept Award
NCUF's Community Investment Fund Receives High Honors for Fundraising Innovation
ePhilanthropy Foundation Board Chairman, Steve Delfin, ePMT serves as Executive Director of the National Credit Union Foundation (NCUF) and its Community Investment Fund (CIF) which has been named winner of The Association of Fundraising Professionals (AFP) 2005 Award for Excellence in Fundraising.
The award goes to an organization that has demonstrated outstanding results in the areas of fundraising innovation, return on investment and/or the amount of funds raised.
The National Credit Union Foundation is the primary charitable arm of the U.S. credit union system. In just five years, it has increased its grant-making capabilities by 1,400 percent, from $166,000 in 2000 to $2.6 million in 2004 as a result of the rapid expansion of the CIF.
The CIF is a common fund into which credit unions of all sizes can make investments through their corporate credit unions and U.S. Central. Fifty percent of the dividends from these deposits are returned to the NCUF for grant-making focused on improving consumer financial independence through credit unions as well as for granting money back to state and regional credit union foundations for similar programs and services.
"NCUF's success with its Community Investment Fund is phenomenal, and AFP is proud to honor them with our Award for Excellence in Fundraising," said AFP President and CEO Paulette Maehara, CFRE, CAE. "NCUF shows that innovation is alive and well within the charitable sector, and it has created a program that can be replicated by other charities too."
More than 500 credit unions representing 45 states and the District of Columbia - including 100 percent participation from the corporate credit union system - have invested in the Fund. Since the Fund's inception, more than $5.2 million has been distributed between NCUF and its state and regional partners.
"The Community Investment Fund was conceived by Chuck Purvis, NCUF’s most recent past board chair and Senior Vice President at Coastal Federal Credit Union, Raleigh, NC," said Steve Delfin, NCUF Executive Director. "The fact the Fund is so successful is a testament to Chuck's vision and innovation, the full support of the board of directors and the collaboration we receive from the entire credit union community and the businesses that support us."
NCUF will receive the award on April 4, 2005, during AFP's International Conference on Fundraising, the largest gathering of fundraising professionals in the world, at the Baltimore Convention Center in Baltimore, Md.