Overview:
Idyll Development Foundation (IDF) provides capital to socially-oriented organizations.
Description:
Idyll Development Foundation (IDF) provides low-interest loans to individuals and organizations that address employment, living wage, low-cost housing, and fair trade issues. IDF’s portfolio is divided geographically amongst Pennsylvania’s Delaware Valley (50%), other United States (25%), developing countries (20%), and Native American Reservations (5%). IDF is founded by Idyll Ltd., a travel company that donates 100 percent of its profits to the foundation.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/idf
Organization’s Website:
http://www.untoursfoundation.org/index.html
Just the Facts:
Country of Incorporation: United States
Year Founded: 1992
Legal Status: Nonprofit 501(c)(3)
Total Assets (as of day/month/year): USD 2.1 million (as of 31/December/2001)
Assets allocated to MFI Investment (as of day/month/year): USD 1.8 million (as of 31/December/2001)
Number of MFI Investments (as of day/month/year): 28 (as of 31/December/2001)
Area of Operation: United States, developing countries
Participant(s)/Backer(s)/Investor(s): Idyll Ltd.
Instruments: Loans and Debt Securities, Equity
Fund Currency: USD
Contact Information:
Untours Foundation
P.O. Box 405
Media, PA 19063
United States
Email us at:
Hal.Taussig@untours.com
Elizabeth.Killough@untours.com
Call us at:
1 888 868 6871: from inside the U.S.
+1 610 565 5242: from outside the U.S.
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Additional Resources:
Latest news from IDF
http://www.untoursfoundation.org/press.html
Link to Microcapital Universe wiki page
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Idyll+Development+Foundation+%28IDF%29
Authored by Kenny Kline, Research Associate
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