WASHINGTON, D.C. – It is with deep sorrow that we announce the passing of William (Bill) Ferguson, Jr., the visionary founder, chairman, and former CEO of TFG. Bill has left a legacy of unwavering commitment to build stronger and more vibrant communities across the nation.

On January 27, the Office of Management and Budget (OMB) under President Trump issued a memorandum titled “Temporary Pause of Agency Grant, Loan, and Other Financial Assistance Programs.” The directive mandates Federal agencies to temporarily suspend the obligation and disbursement of federal financial assistance while conducting a comprehensive review of programs and awards to ensure alignment with the administration’s policies and priorities. As part of this review, agencies are also instructed to temporarily suspend the issuance of new program solicitations.