The Washington Area Community Investment Fund's (Wacif) mission is to increase equity and opportunity in the Washington, DC area's underserved communities by investing financial, knowledge, and social capital in low- and moderate-income entrepreneurs. Over 34 years, Wacif has lent over $34 million to underinvested entrepreneurs, helping them create more than 2,500 local jobs. Wacif's commitment to equity is reflected in its lending and advisory services: in 2019, 96% of Wacif's borrowers were entrepreneurs of color and, in 2018, that figure was 100%. Similarly, in 2019 more than 75% of Wacif's business advisory services clients were entrepreneurs of color. To help entrepreneurs remain resilient in the face of COVID-19, Wacif has rapidly designed and deployed comprehensive relief for entrepreneurs, rolling out grantmaking, debt relief, and tailored advisory services.
Now more than ever, the importance of equity and opportunity have come into stark relief. Since 1987, Wacif has stood with the diverse entrepreneurs creating opportunity in the Washington, DC area's underserved communities. Today, we're asking you to stand with us: your support will help underinvested entrepreneurs access the financial capital, advisory services, and signature programs they need to grow neighborhood businesses, create jobs, and build community wealth.
Your support will be used effectively- Wacif is a leading, trusted nonprofit partner in the National Capital region. In recognition of its impact on the community, Wacif was named the 2019 DC Nonprofit Organization of the Year by DC Chamber of Commerce and the DC Department of Small and Local Business Development. Wacif has been a featured charity in the Catalogue for Philanthropy, which celebrates the best community nonprofits in the Washington, DC region. We also maintain a Gold Seal from GuideStar, demonstrating our commitment to stewardship, accountability, and transparency.
As a 501(c)3 nonprofit organization, your voluntary contribution to Wacif is tax-deductible to the fullest extent allowable by law. If you're looking for other ways to support our mission, please consider becoming a Wacif investor or shop at Amazon Smile and make us your preferred charity.