Equitable Facilities Fund
Equitable Facilities Fund is a 501(c)(3) nonprofit social impact fund that provides low-cost, long-term, fixed-rate loans and bridge financing to high-performing public charter schools across the United States, administering the A+-rated ESRF bond program.
- Company typePrivate
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Equitable Facilities Fund does
Equitable Facilities Fund (EFF) is a 501(c)(3) nonprofit social impact fund founded in 2017 and headquartered in New York that provides low-cost, long-term, fixed-rate financing to high-performing public charter schools in the United States. EFF combines philanthropic capital with private capital markets to deliver 30-year, fixed-rate loans with no origination fees, no debt service reserves, and 100% loan-to-value financing, alongside shorter-term bridge products for early-phase operators. The core technology is the Equitable School Revolving Fund (ESRF), a pooled, diversified, over-collateralized bond program administered by EFF and rated A+ by S&P, under which $720M in bonds have been issued across Series 2019–2022, $990M in loans have been pledged to bondholders, and the offering has been oversubscribed 7x with $4B+ in orders from 60+ investors.
EFF operates through a relationship-driven go-to-market model combining direct outreach to charter schools, referrals from state education departments and charter school support organizations (Building Hope, CSDC, Charter School Growth Fund), and co-developed state-level facilities funds in Texas (2022), Nevada (2023), and Arkansas (Heartland Facilities Fund, 2024, $100M). Revenue is generated primarily through net interest spread on loans and program administration fees on the ESRF bond program, with the cost of capital structurally subsidized by philanthropy and institutional investors. To date, EFF has committed $2B in high-impact funding serving 140,000+ students across 23 states and the District of Columbia, with cumulative borrower savings of $340M redirected to classroom spending.
The addressable customer base is fragmented—nonprofit charter schools and charter management organizations representing thousands of individual borrowers—and EFF's competitive position is anchored by deep credit expertise (former Moody's, S&P, and Nuveen talent), a high-A+ A+ credit rating, state-government partnerships, and leadership with direct charter operating experience (former KIPP DC, KIPP Northern California, and KIPP Austin executives).
Equitable Facilities Fund firmographics
Firmographics- Name
- Equitable Facilities Fund
- Legal name
- Equitable Facilities Fund
- Website
- https://eqfund.org
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Equitable Facilities Fund is a 501(c)(3) nonprofit social impact fund that provides low-cost, long-term, fixed-rate loans and bridge financing to high-performing public charter schools across the United States, administering the A+-rated ESRF bond program.
- Ownership category
- akta.pro rank
Equitable Facilities Fund industry classification
Industry- Product category
- Charter School Facilities Financing
- NAICS
- Grantmaking and Giving Services (81321), Educational Support Services (611710)
- SIC
- Asset-Backed Securities (6189), Mortgage Bankers & Loan Correspondents (6162), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- SDG / Thematic Sustainable Investment Funds (FSANAJAN)
- akta.pro secondary industries
- Community Development & Affordable Housing Funds (FSANAJAK), Scholarships, Grants & Education Benefits Administration (Financing-adjacent) (FSAKAEAM)
Keywords
Where Equitable Facilities Fund is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Equitable Facilities Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Loan Interest Income: EFF provides low-cost, 30-year fixed-rate loans to high-performing nonprofit public charter schools. Revenue is generated through interest on loans. The organization combines philanthropically enhanced funds with private capital to offer subsidized rates below market.
- Bond Program Administration: EFF serves as Program Administrator for Equitable School Revolving Fund (ESRF), a pooled bond program that has issued $720M in bonds for charter school financing, generating fee income from program administration.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Long-term 30-year fixed-rate loans for charter school facilities |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Equitable Facilities Fund product offering
Product offeringCore offering
Equitable Facilities Fund is a nonprofit social impact fund that provides low-cost, long-term and short-term financing to high-performing public charter schools for facility acquisition, construction, renovation, and refinancing. Eff combines philanthropic funds with private capital to offer 30-year fixed-rate loans and short-term bridge financing at below-market rates with no origination fees, and administers the S&P A+-rated Equitable School Revolving Fund (ESRF) pooled bond program.
Product overview
Equitable Facilities Fund is a nonprofit social impact fund that provides a portfolio of financing products to high-performing public charter schools. The core offerings include long-term 30-year fixed-rate loans and short-term bridge financing, supplemented by regional facilities funds (Texas, Nevada, Heartland) and specialized loan programs (Catapult Fund). EFF also administers the Equitable School Revolving Fund (ESRF), a pooled bond program rated 'A' by S&P Global, which provides institutional investors access to charter school debt. The organization combines philanthropy with private capital to offer below-market rates, no fees, and 100% financing to partner schools.
Differentiator
Problem solved
Functional benefit
Brands
- Texas Facilities Fund: Short-term, low-cost facility financing for early-phase, growing, and independent charter school operators in Texas, bridging schools to the Texas Permanent Schools Fund.
- Nevada Facilities Fund
- Heartland Facilities Fund
- Catapult Fund
Products and services
- Long-Term Loans 30-year fixed-rate loans for charter school facilities, structured like home mortgages, allowing schools to establish permanent roots and redirect funds to educational programs. Available to high-performing public charter schools and charter management organizations nationwide.
- Short-Term Financing Short-term facility financing for early-phase and growing charter schools to bridge gaps during critical growth years before qualifying for long-term financing. Available to charter operators nationwide.
- Texas Facilities Fund Short-term, low-cost facility financing for early-phase, growing, and independent charter school operators in Texas. Designed to bridge schools to long-term financing through the Texas Permanent Schools Fund.
- Nevada Facilities Fund Long-term, low-cost facility financing for early-phase, growing, and independent charter school operators in Nevada. Offers 100% Loan-to-Value Financing with 30-year terms and below-market interest rates. Operates in partnership with the State of Nevada and Opportunity 180.
- Heartland Facilities Fund $100 million fund providing low-cost loans to high-performing public charter schools in Arkansas for facility acquisition and renovation. Fulfills a provision of the Arkansas LEARNS Act. Combines $10M state commitment with $90M from philanthropy and institutional investors.
- Catapult Fund Joint initiative with Charter Schools Development Corporation providing flexible financing solutions including pre-development, construction, renovations, and working capital loans at interest rates below comparable mission-aligned lenders.
- Equitable School Revolving Fund (ESRF) Pooled, diversified, enhanced credit structure for high-grade investors to access charter school debt. EFF serves as Program Administrator. Has issued $720M in bonds across Series 2019-2022 with a 7x oversubscription rate and S&P A+ rating (upgraded from A in January 2026).
Quantifiable outcome
- $340 million saved by schools through EFF financing, redirecting funds to classrooms
- +5 more outcomes
Companies that use Equitable Facilities Fund
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
Equitable Facilities Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Equitable Facilities Fund partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- Charter Schools Development Corporation (CSDC)coreLaunched the Catapult Fund joint initiative to provide flexible, affordable financing to high-impact public charter schools traditionally underserved by conventional lenders. The fund offers customized loan products for pre-development, construction, renovations, and working capital at interest rates significantly below comparable mission-aligned lenders.
- Arkansas Department of EducationcoreArkansas Department of Education partnered with EFF to launch the $100 million Heartland Facilities Fund, providing low-cost loans to high-performing public charter schools for facility acquisition and renovation. The fund combines the state's $10 million commitment with $90 million in low-cost capital from philanthropy and institutional investors, aiming to add 7,500 seats over five years.
- Building HopecoreBuilding Hope is a nonprofit charter school support organization that partners with EFF to develop charter school facilities. They are co-developing the Albuquerque School of Excellence's new 110,000-square-foot STEM campus with EFF providing low-cost financing through a lease-to-purchase model.
- Opportunity 180coreNevada-based nonprofit committed to ensuring every kid in Nevada has access to a great school. They partnered with EFF to launch the Nevada Facilities Fund offering long-term, low-cost facility financing to early-phase, growing, and independent charter school operators.
- State of NevadacoreState of Nevada partnered with EFF in 2023 to launch the Nevada Facilities Fund, providing financial stability for schools during critical growth years and supporting numerous additional quality public seats for under-resourced communities.
- State of TexascoreState of Texas partnered with EFF to launch the Texas Facilities Fund in 2022, offering short-term, low-cost facility financing to early-phase and growing charter school operators. This bridge fund accelerates schools' pathways to long-term financial sustainability before they qualify for Texas Permanent Schools Fund.
Scale indicators13 records
Recent moves10 records
Expansion highlights6 records
Equitable Facilities Fund competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Equitable Facilities Fund social profiles
Digital presenceEquitable Facilities Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
Equitable Facilities Fund leadership team
Management profileNumber of profiles
Profiles19 records
Equitable Facilities Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Equitable Facilities Fund M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Equitable Facilities Fund
What does Equitable Facilities Fund do?
Equitable Facilities Fund is a nonprofit social impact fund that provides low-cost, long-term and short-term financing to high-performing public charter schools for facility acquisition, construction, renovation, and refinancing. Eff combines philanthropic funds with private capital to offer 30-year fixed-rate loans and short-term bridge financing at below-market rates with no origination fees, and administers the S&P A+-rated Equitable School Revolving Fund (ESRF) pooled bond program.
Is Equitable Facilities Fund a public or private company?
Equitable Facilities Fund is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Equitable Facilities Fund founded?
Equitable Facilities Fund was founded in 2017. It employs 11 to 50 people.
Where is Equitable Facilities Fund based?
Equitable Facilities Fund is headquartered in New York, United States, in the North America region.
How does Equitable Facilities Fund make money?
Two revenue lines are on record. Loan Interest Income is the primary driver. The others are bond Program Administration.
Does Equitable Facilities Fund have an API?
No public API is recorded for Equitable Facilities Fund.
What industry is Equitable Facilities Fund in?
Equitable Facilities Fund's product category is Charter School Facilities Financing. Its primary akta.pro industry code is FSANAJAN, SDG / Thematic Sustainable Investment Funds, with a secondary code of FSANAJAK, Community Development & Affordable Housing Funds. Its NAICS code is 81321 and its SIC code is 6189.