Hermanowski Family Foundation Initial Request Form<\/p>\n
Organization Name: Jewish Free Loan Chicago
\nLegal Name (if Different): Jewish Free Loan Chicago Inc
\nAlso Known As: JFLC
\nMailing Address: 4411 N Ravenswood Ave, Suite 300
\nCity: Chicago
\nState: IL
\nPostal Code: 60640
\nMain Phone: 321-344-3468
\nMain Fax:
\nOrganization Website: jflchicago.org
\nEmployer ID Number: 92-0562371
\nOrganization Tax Status: 501(c)(3)<\/p>\n
Proposal Information<\/p>\n
Today’s Date: 3\/29\/24
\nRequested Amount: $10,000<\/p>\n
Project Title: Revolving Loan Fund – Restricted for Benefit of Children
\nProject Description:<\/p>\n
JFLC aids and empowers lower-income families facing financial emergencies with zero-interest personal loans of up to $6,000. Founded in 2022, JFLC is the only zero-interest loan program in the Chicagoland area.<\/p>\n
JFLC is an innovative program built on dignity that supports individuals in accessing safe, affordable loans. In 2019, 61% of Chicago families were financially insecure, with less than $2,000 in savings, compared to 52% nationally. In Chicago\u2019s predominantly Black and Latino neighborhoods, only 33% of families have at least $2,000 in savings, compared to 91% of families in predominantly White areas (The Urban Institute). Many of our neighbors are unable to weather financial emergencies; indeed, one relatively small influx of cash can significantly impact a household\u2019s long-term prospects, putting them on a path of financial empowerment rather than demise.<\/p>\n
Amidst rising inflation, the high costs of basic needs like food and transportation are putting additional financial strain on families already living paycheck to paycheck. Current JFLC borrowers have taken advantage of our loan program for things such as:
\n– helping a family to access after-school care for child with special needs,
\n– covering the cost of a new laptop for a high schooler,
\n– allowing a family with two young children afford expensive parent reunification therapy, and
\n– ensuring that families with teenagers are able to avoid disruptions in housing and eviction after a parent falls short on making a rent payment.<\/p>\n
JFLC already partners with community agencies, such as legal aids and domestic violence shelters, that work with lower-income clients and their children. JFLC gives priority to these community referrals.\n<\/p>\n
Total Project Budget: $100,000<\/p>\n
Other Funding
\nSources For The Project (Committed & Potential): Sylvia Zionitz Foundation ($30,000 restricted for the benefit of children) – Committed; Chicago Community Trust ($10,000) – Potential; 5x$10,000 individual donors – Potential<\/p>\n
Project Duration: July 1, 2024 – June 30, 2025
\nGeographical Area Served: Chicago region (Cook, DuPage, Kane, Lake, McHenry, or Will County)
\nAge Group To Be Served: Households that include at least at least one child 0-17 years old<\/p>\n
Contact Information<\/p>\n
Contact Prefix (Mr,Mrs etc.): Ms.
\nContact First Name: Leah
\nContact Last Name: Greenblum
\nContact Title: Executive Director
\nContact Phone: 321-750-3970
\nContact Email: Lgreenblum@jflchicago.org<\/p>\n","protected":false},"excerpt":{"rendered":"
Hermanowski Family Foundation Initial Request Form Organization Name: Jewish Free Loan Chicago Legal Name (if Different): Jewish Free Loan Chicago Inc Also Known As: JFLC Mailing Address: 4411 N Ravenswood Ave, Suite 300 City: Chicago State: IL Postal Code: 60640 Main Phone: 321-344-3468 Main Fax: Organization Website: jflchicago.org Employer ID Number: 92-0562371 Organization Tax Status: […]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6147","post","type-post","status-publish","format-standard","hentry","category-grants"],"_links":{"self":[{"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/posts\/6147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6147"}],"version-history":[{"count":1,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/posts\/6147\/revisions"}],"predecessor-version":[{"id":6148,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=\/wp\/v2\/posts\/6147\/revisions\/6148"}],"wp:attachment":[{"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6147"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/hermanowskifoundation.org\/members\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}