Cooperative Development Foundation
Annual Report 2021
A Year of Triumphs and Transitions
Our Mission: CDF promotes and develops cooperatives to improve economic opportunities for all
2021 was a year of triumphs and transitions for CDF.
We said goodbye to Leslie Mead, an exemplary leader who strengthened the organization’s mission, programmatic work and financial footprint during her eight-year tenure as CDF’s Executive Director. And we lost a great co-op hero, our friend and longtime CDF Board member, Chuck Snyder. Chuck’s commitment to the cooperative community inspires us and will forever live on in CDF as we continue to focus on our mission “to promote and develop cooperatives to improve economic opportunities for all,” particularly in historically underserved communities – a mission that Chuck wholeheartedly embraced.
Mary Griffin
Executive Director
Rich Larochelle
Board Chair
The Cooperative Education Fund supports cooperative education, development and training, event sponsorships and conference scholarships.
Fundraising and Events
The development and growth of worker-owned home care cooperatives is the focus of the CDF supported National Home Care Cooperative Initiative. With the help of the Cooperative Development Fund, urban home care cooperatives participated in a Buyer’s Journey learning cohort that examined the quantity, quality, and effectiveness of their cooperative’s digital marketing to both clients and caregivers.
Four remarkable cooperative leaders were inducted into the Cooperative Hall of Fame at the National Press Club in Washington, DC on October 7, 2021.
Nearly 500 participants and twenty-six teams competed for top honors and bragging rights during the CDF Virtual Co-op 5k. From April 25 to May 1 cooperators from across the U.S. walked, jogged and ran to raise more than $56,000 to support cooperative development
GRANTS RECEIVED BY CDF
The Nationwide Foundation, a private foundation supported by donations from Nationwide companies, showed its continued commitment to building a more inclusive economy through cooperatives with a $60,000 grant to the Cooperative Development Foundation. This grant was used to support CDF's operations as well as NCBA CLUSA's 2021 Cooperative IMPACT Conference and Cooperative Economics Council.
THANK YOU DONORS
CDF is grateful for the support of more than 400 individuals and organizations. The following donors contributed more than $1,000 in 2021.
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ACDI/VOCA
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Ann Hoyt
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Anonymous
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Anonymous
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Capital Impact Partners
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CHS, Inc.
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Clifford P. Charles CPA
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CoBank
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Columinate and Common Good Management Services
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CooperationWorks!
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Cooperative Fund of the Northeast
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Credit Union National Association
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CSI Support & Development Services
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CUNA Mutual Group
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DC Credit Union
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Delaware Electric Cooperative
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Diego Beekman Mutual Housing Association, HDFC
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Edelman Sultan Knox Wood Architects
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Ellen Quinn
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Equal Exchange
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Forsyth Street Advisors
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Gallagher Affordable Housing Practice
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JSI
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Maine Cooperative Development Partners
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Mary Griffin
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Margaret Bau
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National Co+op Grocers
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National Cooperative Bank
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National Credit Union Foundation
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National Information Solutions Cooperative
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National Milk Producers Federation
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National Rural Electric Cooperative Association
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National Rural Utilities Cooperative Finance Corporation
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Nationwide
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NCBA CLUSA
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Neighboring Food Co-op Association
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NRTC
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NTCA – The Rural Broadband Association
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Organic Valley
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Ralph K. Morris Foundation
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Randy and Mari Lee
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Richard and Linda Larochelle
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Rosemary Mahoney
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Seed Commons
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Shared Capital Cooperative
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Sheila Smith
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Sunkist Growers, Inc.
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Terry Lewis
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The ICA Group
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U.S. Overseas Cooperative Development Council
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Vernon Oakes
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Workforce Housing Group
FINANCIAL STATEMENT
CDF without Donor Restrictions
2020
2021
Support and Revenue
Contributions and Grants
87,637
80,496
Government Contracts
213,264
374,572
Special Events, Net Expenses
285,715
325,039
Investment Income/Loss
226,408
186,230
Loan Interest
-
38
In-kind Contribution
10,000
28,000
Net Assets Released from Restrictions
586,733
442,627
Total Support and Revenue
1,409,757
1,437,002
Expenses
Program
1,565,095
1,657,887
Fundraising
133,362
101,021
Management and General
194,265
142,896
Total Expenses
1,892,722
1,901,804
Net Income
(455,720)
(492,047)
CDF with Donor Restrictions
2021
2020
Support and Revenue
Contributions and Grants
233,988
117.887
Investment Income/Loss
622,504
800,326
Loan Interest
6,266
6,605
Net Assets Released from Restrictions
(422,627)
(586,733)
Total Support and Revenue
420,131
338,085
Expenses
-
-
Net Income
420,131
338,085
All CDF
2021
2020
Support and Revenue
1,857,133
1,747,842
Expenses
1,892,722
1,901,804
Net Income
(35,589)
(153,962)
Reserves
2021
2020
Without Donor Restrictions (Beginning)
3,721,478
4,213,525
Without Donor Restrictions (Ending)
3,265,758
3,721,478
With Donor Restrictions - Purpose Restrictions (Beginning)
6,327,632
5,989,547
With Donor Restrictions - Purpose Restrictions (Ending)
6,747,763
6,327,632
With Donor Restrictions - Perpetual in Nature (Beginning)
381,151
381,151
With Donor Restrictions - Perpetual in Nature (Ending)
381,151
381,151
Total Net Assets, Beginning of Year
10,430,261
10,584,223
Total Net Assets, End of Year
10,394,672
10,430,261
Meet The Board
Rich Larochelle, Chair
National Rural Utilities Cooperative Finance Corporation, Retired
Larry Blanchard
CUNA Mutual Group
Cornelius Blanding
Federation of Southern Cooperatives/LAF
Devin Fuhrman
Nationwide
John Holdsclaw IV
Rochdale Capital
Christina Jennings
Shared Capital Cooperative
Linda Tank
CHS, Inc., Retired
Deborah Trocha
Indiana Cooperative Development Center
Judy Ziewacz
NCBA CLUSA, Retired
Chuck Snyder
1953 - 2021
Meet Our Team
Mary Griffin
Executive Director
Kirstie Boyette
Associate Director
Julia Selig
Communications and Operations Associate