About

About

ABOUT US

Sustaining businesses in Philadelphia since 1854

OUR MISSION: Catalyzing economic mobility for small businesses through capital and coaching.

We envision a Philadelphia where merchants have access to the necessary resources and meaningful support to build wealth for their families and communities, ensuring a prosperous future.

We give life to this vision through the strategic deployment of flexible capital, including grantmaking; values-aligned and mission-driven investments; and individualized business coaching for grantees.

STRATEGIC PLAN

In 2022, TMF completed a strategic framework and a new grant strategy, and transitioned from a private foundation to a public charity.

1854

The Merchants Fund was founded

1,329

Grants awarded since 2007

$11,437,375

Funding distributed since 2007
(as of 6/18/25)

BOARD AND STAFF

(Click on an image below for more info)

Kersy Azocar

President & CEO, Greenline Access Capital

Jerry Chiang

Wharton MBA '26 | Board Fellow '25-'26

Tom Ginsberg, Vice Chair

Senior Officer, The Pew Charitable Trusts, Philadelphia Research & Policy Initiative

Peter Gonzales, Board Chair

Lawyer & Consultant

Bruce Hotaling, CFA (Emeritus)

Managing Director, Focus Partners Wealth

James Johnson-Piett

Principal & CEO, Urbane

Vanessa Lowe

Radio show & Podcast Host, Vanessa’s Money Hour

Swetha Marisetty

Wharton MBA '26 | Board Fellow '25-'26

Seulky McInneshin

Managing Partner, Blue Square Advisors

Carey Morgan, Treasurer

Partner & Financial Advisor, Livelihood, LLC

Shawn Nesbit

President, Good Karma Cafe

Samantha Porter, Secretary

Community Engagement Advisor & Outreach Manager, Federal Reserve Bank of Philadelphia

Elbert Sampson

Retired

Shalimar Thomas

President, The North Broad Renaissance

Joanna Winchester

Director of Training & Technical Assistance, PACDC

Ana Lisa Yoder

Founder & Principal, Yoder Consultancy

Adnan Zulfiqar

Associate Professor of Law, Boston College Law School

Kersy Azocar

President & CEO, Greenline Access Capital

“Helping small businesses creates impactful socioeconomic opportunities for all.  I am driven by the concept of “Changing the Narrative” for so many small businesses, in particular those historically disadvantaged, and help them succeed, prosper and very importantly, help them create generational wealth”

Kersy Azocar’s Linkedin:

Jerry Chiang

Wharton MBA '26 | Board Fellow '25-'26

“Small businesses are the heart of Philadelphia’s neighborhoods: they create local jobs, celebrate the city’s richness, and bring unique character to our communities. Having supported small businesses in the past, I’m excited to continue serving them in this new city, because it has been one of the most rewarding experiences of my career.”

Jerry Chiang’s Linkedin:

Tom Ginsberg, Vice Chair

Senior Officer, The Pew Charitable Trusts, Philadelphia Research & Policy Initiative

“Business ownership can be a path to financial security, independence, creativity, or just survival. But that path is underused and sometimes unappreciated in Philly. TMF is pushing back”

Tom Ginsberg, Vice Chair’s Linkedin:

Peter Gonzales, Board Chair

Lawyer & Consultant

“Small businesses are the lifeblood of Philly, weaving rich cultural threads and economic resilience into the city’s neighborhoods.”

Peter Gonzales, Board Chair’s Linkedin:

Bruce Hotaling, CFA (Emeritus)

Managing Director, Focus Partners Wealth

I have been a part of the Merchants Fund for years now, and have seen its work and impact expand exponentially across Philadelphia’s neighborhoods. Our ability to respond quickly helping business owners and their families and neighbors, resonates strongly with me.

Bruce Hotaling, CFA (Emeritus)’s Linkedin:

James Johnson-Piett

Principal & CEO, Urbane

TMF is a one-of-a-kind institution in Philadelphia (and the nation); there needs to be an entity like The Merchants Fund addressing the full spectrum of needs, challenges, and opportunities for the small merchant class of enterprises in Philly. After 150+ years, the work to build and sustain a city-wide support system for micro and small entrepreneurs – from issuing emergency grants to one-on-one advisory to managing large-scale funding program on behalf of government partner – is more critical than ever.

James Johnson-Piett’s Linkedin:

Vanessa Lowe

Radio show & Podcast Host, Vanessa’s Money Hour

”I’m so excited to join the TMF board now, amid the compelling headlines about BIPOC businesses like Black women are the fastest-growing group of entrepreneurs in the U.S. TMF has been funding small businesses long before crowdfunders offered A LOCALIZED APPROACH TO BUSINESS FUNDING. Right now, TMF is funding much needed stabilization and emergency grants to keep BIPOC business doors open. With the growth and increased support of BIPOC businesses perhaps one day we’ll help these business multiply their growth by going public with the First Black-owned stock exchange. I look forward to the journey as we find partners and continue honing our programs to meet the region’s small business community needs.”

Vanessa Lowe’s Linkedin:

Swetha Marisetty

Wharton MBA '26 | Board Fellow '25-'26

”Small businesses are the backbone of vibrant communities. They bring culture, opportunity, and innovation to everyday life. I’m excited to work with TMF to support entrepreneurs and business owners who are often overlooked, and help them access the tools, capital, and opportunities they deserve.”

Swetha Marisetty’s Linkedin:

Seulky McInneshin

Managing Partner, Blue Square Advisors Seulky McInneshin’s Linkedin:

Carey Morgan, Treasurer

Partner & Financial Advisor, Livelihood, LLC

TMF is an incredible organization that meets the needs of those businesses that we all say we value, but don’t provide enough support to, especially in hard times. It’s an honor to contribute to such an organization with such a unique mission.

I grew up in a small family business and am a small business owner myself, so I think it’s important to make sure that the small business sector remains viable and local businesses thrive.

Carey Morgan, Treasurer’s Linkedin:

Shawn Nesbit

President, Good Karma Cafe Shawn Nesbit’s Linkedin:

Samantha Porter, Secretary

Community Engagement Advisor & Outreach Manager, Federal Reserve Bank of Philadelphia Samantha Porter, Secretary’s Linkedin:

Elbert Sampson

Retired

“Serving on the board of TMF is important to me because it is an opportunity to use my experience and training to provide assistance to the small business community of Philadelphia. As small businesses are stabilized, they are better able to employ more people who are then able to stabilize their communities – all to the good of all of us.”

Shalimar Thomas

President, The North Broad Renaissance

TMF serves as an advocate and a voice for merchants across Philadelphia who are in need. They are impact-driven in every sense of the word, and I serve to support their leader, the work, and ultimately the tremendous impact TMF has in Philadelphia. Supporting local small businesses is a vibe. There’s something about walking into a store and knowing the owner and its employees, or if the owner is also a neighbor. It’s truly the definition of community and its economic development at its best. Supporting these businesses and helping them grow is a vibe that we should all try to embrace.

Shalimar Thomas’s Linkedin:

Joanna Winchester

Director of Training & Technical Assistance, PACDC Joanna Winchester’s Linkedin:

Ana Lisa Yoder

Founder & Principal, Yoder Consultancy

“I believe deeply in TMF’s commitment to addressing historical disparities in the small business community by focusing resources on BIPOC, immigrant and women-owned businesses. I feel genuinely lucky to serve alongside incredibly smart, thoughtful, and committed board members and staff, from whom I learn every time we come together.

Ana Lisa Yoder’s Linkedin:

Adnan Zulfiqar

Associate Professor of Law, Boston College Law School

“Service on the TMF board is important to me because it provides a crucial lifeline for businesses that are the soul of communities, anchors providing a link to the past, and vital for their prosperous futures.”

Adnan Zulfiqar’s Linkedin:

Team

(Click on an image below for more info)

Jill Fink

Executive Director

Natalie Francis

Director of Grantee Support

Helen Horstmann-Allen

Director of Special Projects

Miao Liu

Drexel Co-op / Grants Intern

George Pitsakis

Senior Business Coach

Rachael Viscidy

Director of Programs & Partnerships

Jill Fink

Executive Director

I’m passionate about small businesses and the merchants who run them. I owned a cafe for 13 years and know that small businesses are the heart and soul of our communities. As a former TMF grantee (’08) and board member (’13-’18), I’m fortunate to be in this role providing critical grant and coaching support to those who breathe life and vitality into our neighborhoods.

Jill Fink’s Linkedin:

Natalie Francis

Director of Grantee Support

With a background rooted in community strategy, advocacy, and the science of hope, I am beyond excited to join The Merchants Fund. As the daughter of Jamaican immigrants who owned small businesses, I understand how merchants shape our neighborhoods not just through commerce, but through culture, care, and creativity. I bring optimism, compassion, and intention to this work, and I’m especially drawn to how TMF supports businesses beyond the grant, recognizing how factors like health access, connection, and stability influence the success of Philadelphia’s small business community.

Natalie Francis’s Linkedin:

Helen Horstmann-Allen

Director of Special Projects

I’m passionate about making Philadelphia a great place to start and grow a business, so I’m so proud of what we do here at TMF to support people doing it!

Helen Horstmann-Allen’s Linkedin:

Miao Liu

Drexel Co-op / Grants Intern

Growing up in a small family business showed me how much relationships, connections, and cultural understanding matter. I learned early on that people can come together to make the community around them stronger. That lesson has stayed with me, and my opportunity as a Co-op with TMF has allowed me to live it out—helping small businesses overcome challenges and seeing firsthand how communities grow closer when we support one another. I am also in my sophomore year at Drexel University, working towards an Accounting degree. 

Miao Liu’s Linkedin:

George Pitsakis

Senior Business Coach

George Pitsakis is a business owner, business coach and long-time small business advocate. George’s coaching focuses on practical, individualized strategic planning–meeting business owners where they are at in regards to capacity and desired outcomes. His coaching focuses on benchmarked solutions rather than generalized theory, with a strong emphasis on basic business financials and projections. When not working at TMF, he can be found at his Thai Boxing Gym in South Philly or enjoying America’s public lands. 

“Historically, entrepreneurship has provided Americans–of all color, creed, and walk of life–the chance at greater financial independence and upward mobility. TMF couples direct grant making with crystal clear business coaching in a way that is extremely unique in the marketplace. As small businesses continue to feel the squeeze of inflation, rising costs, and corporate pressure for market share, it is imperative that organizations like TMF exist to bolster the resources and knowledge of Philadelphia’s entrepreneurs.” 

George Pitsakis’s Linkedin:

Rachael Viscidy

Director of Programs & Partnerships

“I believe small businesses are the cornerstones of great neighborhoods. Small businesses don’t just create jobs and bolster local economies. They enhance the creativity, legacy, and resilience of their communities. Entrepreneurs commit to overcoming enormous challenges in pursuit of achieving their goals and impacting their communities. It’s an honor to meet small business owners on that journey and to provide support along the way.”

Rachael Viscidy’s Linkedin:

Annual funding reports


Stay updated

Connect with The Merchants Fund on social media to stay updated on grant cycles, applications, and inspiring grantee stories.


Are you a passionate fan of the small businesses that make Philadelphia home? We want to talk! Apply on LinkedIn.





Small business owners: What have been your successes and challenges this year, and what is your outlook for the future?

The Federal Reserve is seeking your feedback in this year’s Small Business Credit Survey. Join the thousands of for-profit small businesses who complete the survey to voice what you are experiencing. Survey closes November 1; link in bio.

#SmallBusinessCreditSurvey #SmallBusiness #federalreserve

The Federal Reserve is seeking your feedback in this year’s Small Business Credit Survey. Join the thousands of for-profit small businesses who complete the survey to voice what you are experiencing. Survey closes November 1; link in bio.

#SmallBusinessCreditSurvey #SmallBusiness #federalreserve



The Fall Stabilization Grant Cycle is open! Stabilization Grants support projects that will help a business overcome an obstacle limiting its ability to operate at full capacity or help a business to grow. Read more on our website and apply using the link in bio! The application closes September 30th.





We are excited to announce that the Spring cycle of our ‘2024 Stabilization Grant Program’ is now live!

Stabilization Grants provide funding of up to $10,000 to help a business stabilize in the face of adversity, take advantage of an opportunity to grow, or increase profitability.

Visit merchantsfund.org/grants/stabilization for more info and when you’re ready to apply, click the link in our bio! 

#phillysupportphilly #phillymerchants #phillysmallbusiness

Stabilization Grants provide funding of up to $10,000 to help a business stabilize in the face of adversity, take advantage of an opportunity to grow, or increase profitability.

Visit merchantsfund.org/grants/stabilization for more info and when you’re ready to apply, click the link in our bio!

#phillysupportphilly #phillymerchants #phillysmallbusiness



Vientiane Cafe is known to locals as a Lao and Thai fusion restaurant. Established in 2002, it became the first restaurant in the Philadelphia area to offer Lao dishes with a twist. The bistro’s rich history combined with their commitment to utilize their grant to improve their business and the community around them earns them this week’s inspiring grantee spotlight.
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#smallbusiness #phillymerchants #smallbusinessupport #equitableaccess #diverseentrepreneurs 
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Check out @vientianebistro at their West Philly and Kensington locations to see for yourself how this inspiring grantee continues to thrive.