First Children's Finance - News and Events
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First Children’s Finance is growing, changing and learning along with our partners in the child care and early education.  Read about what’s new at FCF and in our industry.
Support First Children’s Finance by giving a “Gift that Gives!”
12/6/2011 10:16 AM
bigPigHillary's personalized ceramic bank can help you welcome a new bundle to the world, recognize a first birthday or start a college fund. 10% of proceeds benefit First Children's Finance, making high-quality child care available to more low and middle-income children. 
Click here to learn more or purchase a bank.

To establish a piggy bank gifting program for your organization please call Hillary Feder or Jan Lapp at 952-933-8365 or 800-742-6800.

Many thanks to our partner Hillary’s Gifts and to you!

Is it true everything is local? - Jerry Cutts, CEO
6/15/2011 4:45 PM
In the 1980s, U.S. House of Representatives Speaker Tip O’Neill coined the phrase “All politics is local,” to capture the idea that a politician’s success rests on his/her ability to motivate and engage voters in the district. He would say that what happens in Washington, D.C., is less important to the voter than the everyday issues close to home. It’s what happens in the communities that decides what happens nationally. Read more...

First Children’s Board of Directors approves the Child Care Quality Facilities Loan Fund - New fund will support loans up to $400,000
6/15/2011 4:43 PM
At its spring meeting, the First Children’s Board of Directors approved a new loan fund for larger facilities projects. These loans, ranging from $125,000 to $400,000, are designed for successful centers – for-profit or nonprofit – that need to expand or enhance their facilities. In addition to receiving loan funds, clients will also have access to First Children’s business expertise through its technical assistance program. Read more...

Partners publish “The State of North Dakota Child Care Facilities” - New report to emphasize quality learning, health and safety
6/15/2011 4:40 PM
North Dakota Child Care Resource and Referral and First Children’s Finance have joined forces to analyze the state’s child care facilities. The purpose of the report is to stimulate a dialogue about the ability of North Dakota child care centers to provide quality facilities and outdoor play areas. Of North Dakota’s 120 child care centers, 50 percent (60) responded to the survey. Read more...

First Michigan Multi-Service Growth Fund class named - Successful model now serves nonprofits with broader missions
6/15/2011 4:34 PM
First Children’s Finance has announced both a new Growth Fund model and also its first class of participants.

The new Multi-Service Growth Fund builds on the success of First Children’s Growth Fund programs for child care. It’s based on the philosophy that quality child care is no longer enough for children in low income families. These families need multiple services to be successful. When families receive the supports they need, their children do better, and their communities do better, too. Read more...

Two new Growth Fund classes selected in Minnesota and Iowa - Encouraging and rewarding quality child care
6/15/2011 4:29 PM
First Children’s Finance has selected four child care centers in Northeast Iowa to participate in the second class of its Iowa Growth Fund initiative to enhance quality care and strengthen business practices. Through a competitive process, the centers demonstrated their track record of success, a commitment to quality and the potential to serve low-income children. Read more...

Announcing two workshops to help child care centers survive and thrive - July 19 and 26 in Minneapolis
6/15/2011 4:25 PM
Few quality child care organizations can stay in business these days without smart financing models and strategies. If you are looking for ways to improve your business sustainability, don’t miss these two practical, hands-on workshops. Read more...

Business financial planning seminars to be offered in Iowa
6/15/2011 4:23 PM
What’s business got to do with it?, First Children’s financial planning and management seminar, will be offered in iowa in June. The seminar is co-sponsored by Iowa Child Care Resource & Referral. Read more...

South Dakota Association of Child Care Directors to host Business Boot Camp for Child Care Centers; new Business Clinic to be offered June 23-24 in Sioux Falls, South Dakota
6/15/2011 4:20 PM
The South Dakota Association of Child Care Directors is joining forces with First Children’s Finance to offer First Children’s popular workshop, Business Boot Camp for Child Care Centers.  Read more...

Thanks to our generous grantors for their support!
6/15/2011 4:03 PM
  • PNC Foundation: $50,000 for business management training, technical assistance and consulting to improve business practices and preserve viability of 200 Detroit, Michigan, area child care businesses
  • The Skillman Foundation: $100,000 to improve the quality and financial viability of child care and early education centers in Detroit, Michigan, with a specific focus on the six Skillman neighborhoods. The six targeted neighborhoods are home to about 30 percent of Detroit's child population, or more than 65,000 children, half of whom live in poverty.
  • R.J. McElroy Trust: A 2:1 matching grant up to $10,000 to support the business of child care in Black Hawk County, Iowa
  • Iowa Department of Human Services: $149,999 over 23 months to provide business support, training and technical assistance for child care programs in Iowa
  • Principal Financial Group Foundation: $5000 to support First Children’s programming in Iowa

Shaun McElhatton, Leonard, Street and Deinard
6/15/2011 3:57 PM
Shaun McElhattonShaun McElhatton is a shareholder in the Minneapolis law firm of Leonard, Street and Deinard where he practices in the areas of real estate finance and development with an emphasis on housing finance and development.  He is a fellow of the American College of Real Estate Lawyers and a multi-year Super Lawyer. Shaun, a cum laude graduate of Harvard Law School, is a prolific author whose publications include “Understanding the Challenge of Commercial Condos,” Minnesota Real Estate Journal, October 1, 2004 and “Beware When Condos aren’t Condos, but Securities,” Minnesota Real Estate Journal, August, 2007.  Read more...

Marlo Nash, Voices for America’s Children
6/15/2011 3:44 PM
Marlo NashAs vice president for membership, Marlo Nash develops and implements programs to empower and connect the members of Voices for America’s Children, the nation’s largest multi-issue child advocacy network. Prior to joining Voices, she was the vice president of national initiatives of the United Way of America (UWA), where she was the head of the largest network of early childhood coalitions and managed the national early childhood and human service initiatives. She was also the chief architect for the Born Learning public engagement campaign. For nine years before coming to Washington, Marlo was the KIDS COUNT coordinator and later the director of early childhood care and education solutions for the Oklahoma Institute for Child Advocacy. Read more...

Lu Hang, Loan Officer
6/15/2011 3:40 PM
Lu HangLao Lu Hang has been a loan officer for First Children’s Finance since August 2010. Prior to joining First Children’s Finance, he was executive director of the Minnesota Hmong Chamber of Commerce and vice president of commercial banking at Western Bank in St. Paul, Minnesota. Lu also worked as a loan officer/business advisor for Neighborhood Development Center.  Read more...

Chris Pommerenke, Fund Development Manager
6/15/2011 3:38 PM
Chris PommerenkeChris Pommerenke is fund development manager at First Children’s Finance where she manages fundraising activities including research, prospect development and grant writing. Prior to joining First Children’s in 2009, Chris worked for 15 years at 360 Communities, a multi-service nonprofit organization providing services for residents of Dakota County. While there, she held leadership positions in Child Care Resource and Referral, Community Education and Violence Prevention Services, and subsequently as director of southern Dakota County, director of programs and director of development. Read more...

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