Nonprofit Finance Fund
Nonprofit Finance Fund (NFF) unlocks the potential of mission-driven organizations through tailored investments, strategic advice and accessible insights. NFF is a national organization that helps nonprofits effectively connect money to mission through financing and customized technical assistance.
Through the Community Leadership Project, Nonprofit Finance Fund is providing workshops and customized financial technical assistance to grassroots organizations serving low-income people and communities of color. It aims to help CLP participants strengthen their financial health and improve their capacity to serve their communities.
Regions Served:Bay Area, Central Coast and San Joaquin Valley
Phase 1 (2009-2012): $150,000
Phase 2 (current): $600,000
During Phase 1, Nonprofit Finance Fund conducted a series of workshops on financial awareness, strategic financial tools, and the links between money and mission for leaders from small and midsize nonprofits. Up to eight nonprofit organizations were competitively chosen from the workshop participants to receive customized and in-depth financial technical assistance.
The Nonprofit Finance Fund team worked one-on-one with the following organizations during Phase 1:
- Catholic Charities Diocese of Fresno
- Community Bridges
- Dolores Huerta Foundation
- Lideras Campesinas
- Resources for Independence Central Valley
- Santa Cruz Women's Health Center
- Watsonville Wetlands Watch
- YWCA of Watsonville
Now, in Phase 2, Nonprofit Finance Fund will continue the high-touch, community-based approach of its previous CLP grant. It is offering regional Financial Leadership Clinics to small groups of community grantees, reaching 20 to 24 organizations in total. These clinics help organizations assess their financial condition, articulate their financial stories and think creatively about their business models, revenue streams and new ways of attracting donors and revenue. Additionally, all 60 community grantees are able to access a bank of financial coaching hours.
To further integrate sound financial practices throughout CLP, and to ensure that the financial technical assistance needs of grantees are met appropriately, NFF is working with regranting intermediaries to assess community grantee needs at the start of the initiative and throughout the three-year period.
Half-day workshops will be open to all interested CLP grantees and publicized by the intermediaries in each region. As indicated above, NFF is working closely with each intermediary organization to determine which grantees are best suited to participate in a Financial Leadership Clinic and receive one-on-one technical assistance and coaching.
Project Launched: Spring 2010
Angela Francis, Manager
(215) 546-9426 ext. 1118