The CMFA Gives More Than $10,000,000 To California Charities
For each issuance that the CMFA participates in, a grant equal to 25% of the issuance fee is made to the California Foundation for Stronger Communities (“CFSC”) to fund charities designated by the member communities. A portion of the annual fees received by the CMFA is also be directed to charitable activities within California communities. This unique commitment to “give back” directly to the communities in which we operate sets the CMFA apart.
At our October 2017 board meeting, the CMFA reached $10,000,000 in charitable grants that have been donated to non-profit organizations throughout California.