Community Resilience Fund: Advisory Services & Grants to Aid NY Social Safety Net -- Deadline 8/30. The Community Resilience Fund (CRF) combines business advice with innovative grant money over an 18-month period, designed to make participating organizations financially stronger and more resilient in our era of scarce resources. CRF will provide up to 20 NYC organizations supporting vulnerable populations with deep advisory services, intended to strengthen each organization’s business. At NFF, we also know that there are costs to changing your business, and the money necessary to execute a transformation is all too rare. To address this challenge, we are also offering Change Capital grants to a select number of participants, allowing them to move from planning to action. Learn more below. ADVISORY SERVICES NFF consultants will work deeply with each participating organization’s leaders over an 18-month period to help them assess how their nonprofit must change or adapt to achieve its ambitions. These services will be at no cost to participants. Services will be highly customized, following a work plan that is developed and revised in close collaboration with participants. The work will take a “case management” approach to building the financial strength of the organization. CHANGE CAPITAL NFF has found time and again in its advisory work that nonprofits struggle to raise capital to achieve their ambitions for transformation. As a central component of CRF, participating organizations on the road to growth or change will work with NFF to develop capitalization plans. Change Capital grants of $200,000-$350,000 will be available to 3-5 of the participating organizations after developing a capitalization plan with NFF over a 6-12 month period. These grants are not intended for program or service delivery. Instead, Change Capital grants will help selected participants implement their capitalization plan and invest in their growth and change. NFF consultants will work closely with the all participants to help them leverage change capital from other sources. nonprofitfinancefund.org/CRF/Home
Posted on: Wed, 07 Aug 2013 12:50:56 +0000
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