Nonprofit Finance Fund Awards $1.6 Million to Safety-Net Providers

The Nonprofit Finance Fund has announced grants totaling $1.6 million to boost the long-term stability of seven nonprofit service providers in New York City.

Awarded through NFF's Community Resilience Fund, the grants to the African Services Committee, the Center for Alternative Sentencing and Employment Services, Grand Street SettlementLeake & Watts, the New York City Gay and Lesbian Anti-Violence Project, Palladia, Inc., and the Women's Housing and Economic Development Corp will help the organizations adapt to difficult economic conditions and secure a more stable future. The Community resilience Find was launched in 2013 with support from private and corporate funders, including the Citi, F.B. Heron, Clark, Kresge, and Mizuho USA foundations.

"Everyone benefits from a strong social safety net, but the organizations providing critical services often operate on the financial brink as all available resources go to service delivery," said NFF managing director Kristin Giantris. "Change costs money, and these organizations need resources so that they can adapt to new funding realities, improve operations, pursue new revenue streams, and ensure their long-term ability to deliver services."

"New York City Human Services Nonprofits Receive $1.6 Million in 'Change Capital'." Nonprofit Finance Fund Press Release 01/06/2015.