Message from our CEO
To advance equitable access to capital by providing loans, technical assistance, and advocacy for affordable housing, healthy food, community facilities and community business enterprises.
To ensure equitable access to capital to create thriving, prosperous, economically resilient communities for all South Carolinians.
OCSD5 High School for Health Professions
$3,825,000, Orangeburg, County
$1,220,500, Charleston County
Why we Invest
Synovus places great value in supporting and investing in the communities we serve throughout South Carolina. While considering our own mission statement at Synovus, we felt as if the mission of the SCCLF to promote and support community centric activities such as small business, affordable housing, and other community development aligned well with our own. We know that our investment is being utilized in a manner that will promote economic success and sustainability in South Carolina’s most important communities.”
– Reid Boehm, Synovus
WELLS FARGO DIVERSE COMMUNITY CAPITAL
SCCLF was one of 12 organizations nationwide selected in Round 4 of the Wells Fargo’s Diverse Community Capital (DCC) program, receiving $900,000 to support diverse small business owners in South Carolina. SCCLF approved two Diverse Community Capital small business loans with this funding in 2018. In addition, the organization used the grant funds received to develop a new technical assistance program to serve diverse entrepreneurs – the Local Entrepreneur Acceleration Program (LEAP).
We provide consulting, program services, and workshops to strengthen the business and development capacity of nonprofit organizations, for-profit developers, entrepreneurs, and governmental entities. These technical assistance services support the development of projects across our four program areas, helping to increase access to affordable housing, healthy food enterprises, community facilities, and community businesses across the state.
Measuring Future Demand
SCCLF conducted a survey in June 2018 in an attempt to better understand the demand for community development financing in our state. Survey results indicated significant unmet demand for financing with 68% of respondents reporting they hadn’t secured adequate financing for their community development projects. They further indicated a need for SCCLF’s technical assistance services and a promising lending market for the foreseeable future, with respondents estimating loan requests of $59MM by the end of 2021.
Advocacy & Policy Change
SCCLF stands with coalitions of community development advocates to advance state and federal policies that facilitate equitable access to capital in South Carolina. In 2018, SCCLF continued to move forward our ongoing advocacy and policy change efforts to better meet the needs of SC communities including supporting key legislation and hosting the first annual Investing in Community Summit.
2018 Investing in Community Summit
The first annual Investing in Community Summit offered an opportunity for individuals from across sectors to learn from each other, network, and discuss strategies transforming underserved communities across South Carolina. Over 200 attendees from across the state came together over the course of the three day summit, hearing from local and national leaders who have led community development efforts in their communities, and gaining the resources needed to support their small businesses and community development projects.
The Investing in Community Summit would not be possible without the generous support of sponsors. Thank you to our 2018 summit sponsors:
COMMUNITIES THRIVE CHALLENGE
SCCLF was selected as one of ten grantees in the Communities Thrive Challenge, a $10-million funding opportunity launched by The Rockefeller Foundation and the Chan Zuckerberg Initiative. As a grantee, SCCLF received a $1,000,000 grant, tailored technical assistance, and an opportunity to share our story on a national stage.
2018 Financial Overview
Why We Give
My husband and I have been donors to SCCLF for a while now as we believe in furthering opportunity for those who don’t readily have it, and this organization does that in a sustainable and scalable way. Due to the nature of CDFls, they must have donated capital to increase their capital available to lend. Our family prioritizes donating to SCCLF because we know that by providing this much-needed operational support, the organization can more than quadruple its impact.”
– Elizabeth Smith, Lesetta, LLC
You Made This Possible!
$1 – $499
Charles & Cynthia Goldman
Katherine M McAnnar
Leigh Ann Shelton
Network for Good
$500 – $999
Trident United Way
$1,000 – $4,999
Center for Heirs Property
Coastal Community Foundation
Community Foundation of Greater Birmingham
NBSC, a division of Synovus Bank
Tax Advantage Group
$5,000 – $9,999
Elizabeth and Childs Smith
McNair Law Firm
Pinnacle Financial Partners
$10,000 – $99,999
$100,000 – $499,999
Francis P. Bunnelle Foundation*
Opportunity Finance Network*
Bank of America
Mary Reynolds Babcock Foundation
South State Bank*
The Rockefeller Foundation and Chan Zuckerberg Initiative
U.S. Department of Agriculture
*Asterisk indicates 2018 investor
2018 Board of Directors
Jim Haley, Chairman
Wendy Zara, Vice-Chairman
Retired Financial Advisor
Thomas Anderson, Treasurer
South State Bank
Ashley Heggie, Secretary
Jennie Stephens, At-Large
Center for Heirs’ Property Preservation
The Paramount Group- SC
Charleston Urban League
Affordable Housing Advocate
The InterTech Group, Inc.
Woodforest National Bank
Osmium Development Group
Origin Development Partners, LLC
Michelle Mapp, Chief Executive Officer
Anna Hamilton Lewin, Chief Operating Officer
Brendan Buttimer, Community Development Loan Officer (Upstate)
Chantee Gorie, Community Development Loan Officer (Midlands)
Dawn Deck, Grants and Investments Manager
Holly Shinn, Communications Manager
James Chatfield, Chief Lending Officer
Joseph Dukes, Community Development Loan Officer (Coastal)
Kendra Simmons, Data and Compliance Manager
Leigh Ann Shelton, Chief Financial Officer
Shelley Hough, Portfolio Manager
Victoria Baker, Communications Director