The Development Associate will work closely with the President of ROC USA and the Managing Director of ROC USA Capital. If based in Concord, NH, the employee will report to the President. If based in Washington, DC, the employee will report to the Managing Director. The Development Associate is responsible for assisting with fundraising and CDFI capitalization and reporting. This includes grant research, writing and reporting and participation and balance sheet loan process management, documentation, closing and reporting. Fundraising will be done in close coordination with the President and capitalization work will be done in close coordination with the Managing Director.
Annual fundraising goals vary each year but generally range between $125,000 and $500,000 and are primarily secured from new and existing bank foundations and philanthropy. Equity grants of $750,000 are sought annually from the CDFI Fund and foundations. Debt capital needed to finance project loans ranges between $10M and $15M per year and is generally raised from banks and foundations. ROC USA and ROC USA Capital are focused on institutional sources of grants and capital, not individuals.