March 27, 2012

Richard and Ethel Herzfeld Foundation Brings Total Grant Support for Community Reinvestment Fund, USA to $125,000


For more information contact:
Katelyn Bednarski
Community Reinvestment Fund, USA

Contribution will support CRF’s continued involvement in comprehensive community development in Milwaukee, Wisconsin.

MINNEAPOLIS – March 27, 2012 – Community Reinvestment Fund, USA (CRF), a non-profit organization
that connects community development lenders with the capital resources of Wall Street, today announced it
received a $15,000 contribution from the Richard and Ethel Herzfeld Foundation. This is the fourth grant made to
CRF by the Milwaukee-based foundation bringing their total support to $125,000.

The Herzfeld Foundation contribution supports CRF’s continued comprehensive community development
initiatives in distressed communities throughout Milwaukee by providing funding for small businesses and
affordable housing.

“We are grateful for the continued support of the Herzfeld Foundation,” said Frank Altman, president and
chief executive officer for CRF. “Our programs in Milwaukee will continue to infuse capital into small business,
bringing jobs, security and affordable housing to underserved areas of the city.”

With market conditions affecting credit availability and more distressed communities seeking capital than
ever before, CRF is uniquely able to initiate economic recovery at the grassroots level. Since 1988, CRF has
helped drive more than $1.3 billion in private capital to underserved communities, serving more than 530,000
individuals and creating or retaining nearly 50,000 jobs.

“Small businesses are crucial to our economic recovery. They employ more than half of all private sector
employees,” said William Haberman, president of the Herzfeld Foundation. “We are proud to continue to aid CRF
in supporting small business and promoting affordable housing in Milwaukee’s low-income communities.”

About CRF

Community Reinvestment Fund, USA (CRF), a non-profit organization and certified Community
Development Financial Institution, is the nation’s leader in bringing capital to public and private, non-profit
community development lenders through the secondary market for community development loans. Formed in
1988, CRF has injected more than $1.3 billion into low-income and economically disadvantaged communities
around the country to help stimulate job creation and economic development, provide affordable housing, and
support community facilities. CRF is headquartered in Minneapolis, Minn.

About the Richard and Ethel Herzfeld Foundation

Established in 1973, the Richard and Ethel Herzfeld Foundation supports arts and culture, education, and
civic improvement in the greater Milwaukee, Wisconsin area. Believing that access to arts and cultural
opportunities and value-added educational programs are vital to the well being of a community, the foundation
provides grant funding to a variety of organizations.