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Letters 2 Dear Friends of JIFFI,

I cannot believe how quickly this year has passed. It was a whirlwind of a year with a lot of
Key Message Statement 3 excitement around the JIFFI brand. Last year, I began this letter speaking about a renewed focus on our
impact within the community. We wanted to focus on the number of people who we are able to impact
through JIFFI’s resources in the South Bend Community, and I believe that this renewed focus played a
Year In Review 4-6 big role in some of our accomplishments this past year.
Some of the highlights of this past fiscal year included our involvement in the 2015 Lend For
America Summit, the launching of our first ever class-room version of the Financial Empowerment
Community Partners 7-8 Program, being accepted into the Google Adgrants program, and our large amount of press coverage.
At the Lend For America Summit, we were very well represented sending three speakers to the
conference held at Georgetown University in DC. We had our members Victoria Etherton and Jack
Board of Directors 9 Carey speak about the multiple avenues of fundraising for a small non-profit, and I had the opportunity
to highlight JIFFI’s unique model to the other member organizations attending the conference. Our
inaugural Financial Empowerment class took place at the Robinson Community Learning Center
Executive Board 10 and was successful enough to stem interest from the Boys & Girls Club. We hope to see continued
growth with the FEP program down the road. All of these successes were huge in helping JIFFI to
build our brand and impact the South Bend Community in new ways. Our acceptance into the Google
Financials 11-12 Adgrants program has given us $10,000 worth of advertising on Google per month. This addition has
allowed us to further establish our web presence. Finally, the press coverage that we have received
Special Thanks 13 has truly gotten JIFFI on the map in South Bend. We have had a special written about us by Notre
Dame, two articles in the South Bend Tribune, an article in the Fort Wayne Gazette, and an article in
the Washington Times. We have been able to lever the coverage in these articles to expand upon our
community partnerships and increase the volume of clients that we serve.
Next year, we have many exciting opportunities. The greatest of these opportunities will be the
growth in the FEP program. We are expecting to have demand great enough for our classes that we will
no longer be able to fulfill demand using our personnel alone. This means that we will most likely begin
recruiting volunteers who would strictly work as teachers of our FEP program. This new policy will not
only be an exciting way to get our name out on campus, but also be a way for us to continue expanding
our impact without increasing our employee base. As for our loans, this year could be the first year that
we push the 25 loan limit. This is both exciting and sad for us. We have been brainstorming ways that
we can continue to legally give out loans once we reach the cap, and we feel that we will be prepared
to continue operating in the case that we do hit 25 amortized loans distributed. Overall, I expect to see
strong growth in our FEP program and lending program in the next fiscal year.
Finally, I would like to thank all of our donors and supporters who we would not be able to do
this great work without. It has been a pleasure to see how many people are willing to help us with our
mission, and I look forward to seeing where we are at this time next year.


Jack Markwalter

JULY: Lend for America Conference
In November 2015, JIFFI sent a team of four members to the Lend for America
Who we are: Summit in Washington D.C. There, our team attended informational sessions and
The Jubilee Initiative for Financial Inclusion (JIFFI) is a nonprofit community financial services workshops regarding the difficulties that campus micro-finance institutions face.
provider founded by University of Notre Dame and Saint Mary's students. We aim to replace
predatory payday lending that perpetuates poverty in South Bend. We offer cash advances We also had the opportunity to present on how to raise funds and the intricacies of
supplemented by helpful personal financial planning tools to help our clients get ahead working in the consumer micro-lending industry. JIFFI is truly thankful to be a part
instead of falling behind.
of such an amazing organization that vital to the success of so many micro-finance
institutions, including our own.
Our mission:
To enable our clients to unlock their full potential through affordable credit solutions,
financial empowerment programs, and supportive relationships.

Our vision:
To shape a better financial environment for our community and uphold the financial dignity
of every individual by providing access to fair credit and opportunities to build financial

What we offer:
Affordable Credit Solutions
We provide emergency loans that alleviate financial hardship for clients facing difficult
circumstances. By lengthening loan terms and offering an APR of 21%, we present an
accommodating alternative to exploitative payday loans.

Achieving Financial Dignity
Our goal at JIFFI is to help each client realize his or her own financial dignity. We provide
access to fair credit opportunities to build financial assets so that our clients can focus on
their dreams and aspirations instead of worrying about making it to the next paycheck.
Through our financial empowerment programs, we help our clients build the financial
awareness they need to turn those dreams into reality.
FEBRUARY: The South Bend Community Forum for Economic Justice
Building Relationships That Last
We strive to form significant relationships with each one of our clients, growing in our JIFFI had the privilege of presenting in the Community Forum for Economic Justice
shared sense of community and developing our understanding of human solidarity in as a part of the Predatory Lenders Panel. Members of the Community listened as a
the process. Each client brings a unique story that enables us to tailor potential loans to host of presenters spread the word about the downsides to predatory loans, legal
fit their specific needs with the hope that our assistance will propel them to brighter and
more stable futures. rights and alternative solutions. Afterwards, we engaged with community members
to spread the word about the work we do and hear their concerns.

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MARCH: Google AdWords YEAR-ROUND: Financial Empowerment Classes
JIFFI received a grant to be able to fund advertising campaigns on Google.
Thanks to the hard work of those in our FEP program, JIFFI taught our
Google AdGrants and AdWords made this possible, and thus far we have
financial modules at the Boys and Girls Club of South Bend and the Robinson
received online traffic coming in through way of online advertising. A big
Community Learning Center. These classes were a huge success, and we are
thanks to Google and all the services they provide for registered non-profit
working constantly working to expand the places and material we teach.
organizations. expand our reach and our mission.

Media Coverage
This year, JIFFI was feature in multiple media
outlets. We received coverage from the
following publications: The Journal Gazette,, The South Bend Tribune, The
Washington Times and WSBT Channel 22
news. We received an outpouring of client
calls due to this coverage, and we are thankful
for the opportunity to expand our reach and
our mission.

JIFFI-wide Day of Service
Community Relations organized a JIFFI-wide
day of Service this spring. JIFFI volunteered
with Hope Ministries, serving meals to South
Bend. Hope’s mission is to engage people in
intensive relationships to help them heal, and
fosters long-term relationships to help them
transform and thrive.

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Boys & Girls Clubs of St. Joseph County
At Boys & Girls Clubs of St. Joseph County we have a bold
vision: that success is within reach of every child. We believe
every girl and boy deserves a safe place to learn and grow; life-
enhancing programs, character development experiences, and
hope and opportunity for the future. In such an environment,
South Bend Heritage kids can discover how to see beyond the walls of their current
South Bend Heritage is a nonprofit organization that was established in July 1974 to help reverse the situation and realize they can succeed. They are becoming
physical and social decline taking place in South Bend’s urban neighborhoods. It is committed to the better people, contributing members of the community—our
stabilization and empowerment of the South Bend community, and its projects include rehabilitating future citizens, labor force, and leaders. The Club’s mission
homes for resale, house moves and operating a loan fund that helped over 35 owners restore their is to serve the youth of our community by providing social,
homes. Since its establishment, South Bend Heritage has cultivated and maintained $60 million in direct physical, academic, cultural and family experiences in a safe
residential and commercial development, and 311 residential rental units in four main sites and several environment and to help develop a value system that will
scattered sites. improve the quality of their lives and lead them to become
productive, responsible citizens.

Goodwill Industries International Inc. is an American nonprofit
501(c)(3) organization that provides job training, employment
placement services, and other community-based programs for
people who have disabilities. In addition, Goodwill Industries
may hire veterans, individuals that lack education or job
experience, or face employment challenges. Goodwill is funded
St. Joseph County Bridges Out of Poverty by a massive network of retail thrift stores which operate as
The St. Joseph County Bridges Out of Poverty Initiative takes a breakthrough framework to break the cycle nonprofits as well. Goodwill’s answer to its profit status is “As
of poverty and create community sustainability. SJC Bridges and its partner organizations have graduated a unique hybrid called a social enterprise, we defy traditional
more than 300 people from a 15-week workshop called GETTING AHEAD in a Just Gettin’ By World. SJC distinctions. Instead of a single bottom line of profit, we hold
Bridges also trains employers, schools, colleges, agencies, churches, schools and individuals, and provides ourselves accountable to a triple bottom line of people, planet,
avenues to get involved. The success of SJC to educate, collaborate and advocate is creating a group and performance.”
of citizens - working across sectors, political parties, and economic class committed to the long-term
sustainability and well-being of our community.

Robinson Community Learning Center
The Robinson Community Learning Center (RCLC) was
started in 2001 as an off-campus educational initiative of
the President’s Office at the University of Notre Dame in
partnership with Northeast Neighborhood residents of
South Bend. Programs are overseen by a program advisory
board comprised of residents, partners, ND faculty/staff, and
students. An estimated 600 participants come through the
doors of the Center each week for regular programming.
South Bend Center for the Homeless The Center also partners with the community schools in the
The South Bend Center for the Homeless has provided more than 700,000 safe nights and over 1.5 Michiana area, with program outreach that connects with
million meals to more than 50,000 men, women and children. Its main focus, however, is not just life- nearly 8,000 additional youth per year. Classes are offered
saving, but providing members with life-changing services by llinking them with the programs, agencies in basic computing, financial literacy, entrepreneurship,
and people who can break the cycle of homelessness. Its innovative service model offers homeless advanced skills, and more. English as a New Language
families and individuals an on-site, structured, step-by-step process to achieve and maintain self- (ENL) classes are offered by the South Bend Community
sufficiency. Its mission is threefold: (1) break the cycle of homelessness, (2) bring together disparate School Corporation’s Adult Education Department. There is
groups so that each can discover the worth, dignity and potential of the other, and (3) pioneer a service a preschool for the children of ENL students. RCLC is also
model worthy of replication. the homebase of the Talk With Your Baby program, which
encourages parents to communicate and use language with
their young children.
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Melissa Paulsen William Schmuhl Tommy Flaim Grace Watkins, 2017 Samantha DiMaggio, Nikhil Garg, 2018
Chairman Member Member Chief Operating Officer 2016 Chief Financial Officer/
Major: Economics Chief Portfolio Manager/ VP of Operations
VP of Legal Major: Finance and
Major: Finance Computer Appications

Connie Mick, Ph. D Peter Lombardo Jacob Stanton Helen Sheng, 2017 Ashley Calvani, 2017 Anvi Ton, 2017
Member Member Member Chief Marketing Officer VP of Marketing VP of HAM
Major: IT Management Major: Marketing Major: Finance and
and Economics Sociology

Amber Werner Cristina Gutierrez Jack Markwalter, 2017 Mchael Hayes, Vince Vangaever, 2017 Chris Hull, 2018
Member Member Chief Execitive Officer 2016 VP of Financial Empowerment VP of Credit/Risk
Major: Finance and VP of Accounting Major: Finance and Major: Finance or
Political Science Major: Accountancy Political Science Accountancy

Phoebe Natale, 2018 Devon Roura, 2017
VP of CoRE VP of Development
Major: Finance or Major: Finance and
Accountancy Economics
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Master Statement of Financials Master Statement of Activities

From April 1, 2013 though March 31, 2016 From April 1, 2013 though March 31, 2016

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Our Board of Directors

Blaze Pizza

Dr. Daniel Graff from the Higgins Labor Program

Five Guys

Hope Ministries

John M. Hull

The Journal Gazette

Krissy Downey

Papa Johns

Richard Williams

The South Bend Tribune

The Washington Times


Bill Schmuhl

Fr. Bill Miscible

All others who donated through our Crowdrise Campaign