The CII initiative was created in 2018 to strengthen communities through investments. Initially, the Foundation used Community Development Financial Institutions (CDFIs) as intermediaries, rather than making direct loans.

• In 2018 and 2019 the CFMC committed $750,000 to California FarmLink and $1 million to Accion Opportunity Fund. This investment supported low-cost loans to primarily Latina and Latino farm businesses and small minority business owners  in Monterey County who would otherwise have difficulty securing financing.
• In 2020, the CII committee authorized a $500,000 loan for Mission Economic Development Agency (MEDA) for El Pajaro CDC Fondo Adelante to provide financing to underserved businesses in Monterey County. And in 2021 they approved a $250,000 loan to Community Housing Improvement Systems & Planning Association (CHISPA) for predevelopment costs for an affordable housing project in King City.
• In 2022 the CFMC Foundation loaned $1 million to the United Way of Monterey County towards the purchase of the Community Impact Center in Salinas and added $1,770,000 to the CII portfolio in 2023 by making a loan to the Monterey Museum of Art for their acquisition of the historic Miller Adobe property.
• In 2024 the CII program loaned $1,317,275 to Gathering for Women to purchase the adjacent building to expand their services and loaned $2 million to the Pacific Repertory Theatre to support completion of the historic Golden Bough Theatre.  

The CFMC will continue to invest, beyond grantmaking, to broaden its impact in our community.