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Showing posts with label Foundations. Show all posts
Showing posts with label Foundations. Show all posts
Sunday, November 23, 2014
Announcing $750,000 Grant for Dance in Process Residency
Labels:
Arts,
Foundations,
Funders,
News,
Recognition
Tuesday, November 11, 2014
Community Foundation Atlas Now Available
Community Foundation Atlas Now Available
Most Comprehensive Dataset About Community Foundations
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Tuesday, February 28, 2012
Announcing Launch of NYMAC, the New York Merger, Acquisition, and Collaboration Fund
The New York Merger, Acquisition, and Collaboration Fund was launched, which is a new initiative to encourage and enable mergers, acquisitions, and other types of formal, long-term collaborations between nonprofit organizations working in New York City. NYMAC will provide vital support to a diverse set of nonprofit organizations as they navigate a very challenging operating environment, supporting leaders willing to make difficult mission-driven decisions, and encouraging innovation and best practices in the nonprofit sector. The official launch date for NYMAC is March 2012.
NYMAC will support organizations that already have a serious interest either in coming together in some way, or in exploring how they might, and will make grants to help cover a portion of the one-time costs required to explore or complete the transaction. As a neutral, credible, and experienced outside party willing to invest time and money, NYMAC will work constructively and confidentially with the funders, boards, and leaders of the organizations considering a transaction as a catalyst for sensible action. In addition to making grants in support of particular transactions, NYMAC will work with foundations, government agencies, and umbrella groups to encourage New York's nonprofits to more proactively explore the various ways in which they might collaborate with one another.
NYMAC brings together a unique cross section of individuals and institutions, including The Altman Foundation, The Clark Foundation, The Heckscher Foundation for Children, The Lodestar Foundation, The Robert K. Steel Family Foundation, and SeaChange Capital Partners, who have provided the initial resources to support the first few years of activity. Doug Bauer, executive director of The Clark Foundation said, "As one of the major funders of capacity building and management training in New York City, we are proud to be an investor in NYMAC. We look forward to seeing it play a major role in assisting nonprofits in making wise choices about their future and the future of those they serve."
NYMAC is organized by SeaChange Capital Partners, a nonprofit organization with deep experience as a funder of nonprofit collaborations on a national basis.
More information is available at www.nymac.org
NYMAC will support organizations that already have a serious interest either in coming together in some way, or in exploring how they might, and will make grants to help cover a portion of the one-time costs required to explore or complete the transaction. As a neutral, credible, and experienced outside party willing to invest time and money, NYMAC will work constructively and confidentially with the funders, boards, and leaders of the organizations considering a transaction as a catalyst for sensible action. In addition to making grants in support of particular transactions, NYMAC will work with foundations, government agencies, and umbrella groups to encourage New York's nonprofits to more proactively explore the various ways in which they might collaborate with one another.
NYMAC brings together a unique cross section of individuals and institutions, including The Altman Foundation, The Clark Foundation, The Heckscher Foundation for Children, The Lodestar Foundation, The Robert K. Steel Family Foundation, and SeaChange Capital Partners, who have provided the initial resources to support the first few years of activity. Doug Bauer, executive director of The Clark Foundation said, "As one of the major funders of capacity building and management training in New York City, we are proud to be an investor in NYMAC. We look forward to seeing it play a major role in assisting nonprofits in making wise choices about their future and the future of those they serve."
NYMAC is organized by SeaChange Capital Partners, a nonprofit organization with deep experience as a funder of nonprofit collaborations on a national basis.
More information is available at www.nymac.org
Labels:
Announcement,
Foundations,
Funding,
Merger,
News
Wednesday, December 22, 2010
Dyson Foundation buys Children's Museum building for $1.4 million
The Poughkeepsie Journal reported that The Mid-Hudson Children’s Museum sold its North Water Street property to the Dyson Foundation for $1.4 million and has entered into a long-term lease that enables the family-centered nonprofit to maintain its base of operations at the waterfront location.
Leaders from the Mid-Hudson Children’s Museum and the Dyson Foundation described the transaction as an innovative partnership that will benefit the Children’s Museum while helping to secure the stability of the Poughkeepsie waterfront, which is facing increased development pressures following the success of the Walkway Over the Hudson and new projects slated for the area. All proceeds from the sale went to retire the Mid-Hudson Children’s Museum’s entire mortgage debt on the property.“We believe this partnership is in the best interests of the Mid-Hudson Children’s Museum, our many members, and the nearly 60,000 children and parents that are enlightened by our work each year,” said Tracy Cass MacKenzie, President of the Museum’s Board of Directors. “We anticipate continuing operations at the 75 North Water Street property for a long time.”
Friday, July 16, 2010
The Clark Foundation and Nonprofit Finance Fund Establish $6 Million Working Capital Loan Fund for Nonprofits
The Clark Foundation has allocated $2 million from its endowment to the Nonprofit Finance Fund (NFF) to establish a working capital loan fund for its grantee partners. The Foundation has partnered with NFF, through a program-related investment (PRI), to establish this new working capital loan fund. NFF will make an additional $4 million available to Clark grantees and will administer the loans to qualified grantees.
This program-related investment is notable because it comes from the Foundation's endowment, not funds traditionally reserved for grantmaking. As the nonprofit sector continues to struggle amid economic uncertainty, leveraging foundations' dollars from their endowments could substantively increase the availability and impact of philanthropic dollars.
According to Jane Forbes Clark, President of The Clark Foundation, "The Directors of the Foundation wanted to respond to an issue that is seriously affecting nonprofits during these uncertain economic times." Doug Bauer, Executive Director of the Foundation, explained that there is an increased need for working capital due to the long gaps between when a nonprofit provider delivers services and when it gets reimbursed, mostly from government contracts. "The creation of this working capital loan fund can help alleviate the operational strain that many of our grantees are facing. They are attempting to meet an increased demand for their services while watching cash flow slow to a trickle due to delayed payments. Providing a loan from our endowment makes sense, as it allows us to make an immediate positive impact on our grantees while preserving our core assets for continued philanthropic use," Mr. Bauer said.
The Clark Foundation will realize a modest return on its investment into the loan fund that is similar to other conservative investment strategies, all while providing new access to needed capital for grantees delivering vital services to many communities in New York City.
"Nonprofits operate on razor-thin margins, and even strong organizations struggle to access the working capital necessary to grow and thrive," said Clara Miller, President and CEO of NFF. "Cracking the corpus represents a sea change in terms of how philanthropy functions to support social impact, and holds tremendous promise as we increasingly look to the nonprofit sector to meet critical and ongoing community needs."
NFF will begin making loans to The Clark Foundation's grantees during summer 2010.
About The Clark Foundation
The Clark Foundation supports nonprofit organizations that help people out of poverty and lead independent lives in New York City. The Foundation also supports an array of educational, medical and cultural programs and organizations in and around Cooperstown, NY. Founded in 1931, it now ranks among the largest foundations in terms of assets and grants awarded in New York State and the country.
About Nonprofit Finance Fund
A national leader in social sector finance, Nonprofit Finance Fund connects money to mission success through consulting, innovation, and direct investment. Founded in 1980, NFF (www.nonprofitfinancefund.org) provides services that build the capacity and durability of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $200 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in New York City, Philadelphia, Newark, Boston, Detroit, Washington, D.C., San Francisco, and Los Angeles.
This program-related investment is notable because it comes from the Foundation's endowment, not funds traditionally reserved for grantmaking. As the nonprofit sector continues to struggle amid economic uncertainty, leveraging foundations' dollars from their endowments could substantively increase the availability and impact of philanthropic dollars.
According to Jane Forbes Clark, President of The Clark Foundation, "The Directors of the Foundation wanted to respond to an issue that is seriously affecting nonprofits during these uncertain economic times." Doug Bauer, Executive Director of the Foundation, explained that there is an increased need for working capital due to the long gaps between when a nonprofit provider delivers services and when it gets reimbursed, mostly from government contracts. "The creation of this working capital loan fund can help alleviate the operational strain that many of our grantees are facing. They are attempting to meet an increased demand for their services while watching cash flow slow to a trickle due to delayed payments. Providing a loan from our endowment makes sense, as it allows us to make an immediate positive impact on our grantees while preserving our core assets for continued philanthropic use," Mr. Bauer said.
The Clark Foundation will realize a modest return on its investment into the loan fund that is similar to other conservative investment strategies, all while providing new access to needed capital for grantees delivering vital services to many communities in New York City.
"Nonprofits operate on razor-thin margins, and even strong organizations struggle to access the working capital necessary to grow and thrive," said Clara Miller, President and CEO of NFF. "Cracking the corpus represents a sea change in terms of how philanthropy functions to support social impact, and holds tremendous promise as we increasingly look to the nonprofit sector to meet critical and ongoing community needs."
NFF will begin making loans to The Clark Foundation's grantees during summer 2010.
About The Clark Foundation
The Clark Foundation supports nonprofit organizations that help people out of poverty and lead independent lives in New York City. The Foundation also supports an array of educational, medical and cultural programs and organizations in and around Cooperstown, NY. Founded in 1931, it now ranks among the largest foundations in terms of assets and grants awarded in New York State and the country.
About Nonprofit Finance Fund
A national leader in social sector finance, Nonprofit Finance Fund connects money to mission success through consulting, innovation, and direct investment. Founded in 1980, NFF (www.nonprofitfinancefund.org) provides services that build the capacity and durability of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $200 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in New York City, Philadelphia, Newark, Boston, Detroit, Washington, D.C., San Francisco, and Los Angeles.
Labels:
Foundations,
Funding,
Ideas,
Management,
News,
NonprofitChallenges,
NYC
Monday, July 5, 2010
City’s Adopted Budget Cuts $60 Million from Human Services
The NY Nonprofit Press reported that City’s Adopted Budget Cuts $60 Million from Human Services
It is an indication of how bad things are that there appears to be a sense of relief that New York City’s adopted budget for FY2010-2011 features only $60 million or so in cuts to human services. Depending upon who is doing the counting, human services providers had been on the block for as much as $200 million in potential cuts as part of Mayor Bloomberg’s Executive Budget. That feeling of relief is wearing off quickly, however, as providers and advocates begin to take stock of what this budget means for programs and funding streams which have been cut substantially – or in certain cases eliminated entirely.
“While we faced nearly $150 million in cuts to human services, we appreciate that the City Council and Mayor have come together to make some crucial restorations to core services,” says Susan Stamler, Director of Policy and Advocacy for United Neighborhood Houses (UNH). “Unfortunately we will still see over $50 million cut from child care, after school, senior services, adult literacy and mental health services. New Yorkers will feel pain from this budget. The City as well as the State and Federal governments must do more to meet the needs of our communities.”
“The capacity of the not-for-profit human services sector is being really hard hit with multiple rounds of budget cuts at a time when demand for services from the hundreds of thousands of jobless New Yorkers continues to rise,” said Bich Ha Pham, Director of Policy, Advocacy and Research at the Federation of Protestant Welfare Agencies (FPWA). “Many organizations are forced to lay off staff and close entire programs because of the significant reduction of their government contracts.”
The magnitude of funding loss can be seen in a review of budget priorities based on the advocacy of the Human Services Council (HSC) and UNH. These umbrella organizations had requested funding restoration of budget cuts totaling $164 million across a range of human service sectors. Budget negotiations between the Mayor and City Council ultimately restored $103 million, leaving a gaping hole of $60 million, 37% of the restoration advocates had been seeking.
And, this represents only the sector’s top budget priorities – not an all encompassing catalogue of human service budget cuts which would likely raise the total funding loss substantially.
The severity of budget cuts and the relative extent of funding restorations varied markedly by service sector and from one program to another. Here is a brief overview, along with some reactions from providers and advocates.
It is an indication of how bad things are that there appears to be a sense of relief that New York City’s adopted budget for FY2010-2011 features only $60 million or so in cuts to human services. Depending upon who is doing the counting, human services providers had been on the block for as much as $200 million in potential cuts as part of Mayor Bloomberg’s Executive Budget. That feeling of relief is wearing off quickly, however, as providers and advocates begin to take stock of what this budget means for programs and funding streams which have been cut substantially – or in certain cases eliminated entirely.
“While we faced nearly $150 million in cuts to human services, we appreciate that the City Council and Mayor have come together to make some crucial restorations to core services,” says Susan Stamler, Director of Policy and Advocacy for United Neighborhood Houses (UNH). “Unfortunately we will still see over $50 million cut from child care, after school, senior services, adult literacy and mental health services. New Yorkers will feel pain from this budget. The City as well as the State and Federal governments must do more to meet the needs of our communities.”
“The capacity of the not-for-profit human services sector is being really hard hit with multiple rounds of budget cuts at a time when demand for services from the hundreds of thousands of jobless New Yorkers continues to rise,” said Bich Ha Pham, Director of Policy, Advocacy and Research at the Federation of Protestant Welfare Agencies (FPWA). “Many organizations are forced to lay off staff and close entire programs because of the significant reduction of their government contracts.”
The magnitude of funding loss can be seen in a review of budget priorities based on the advocacy of the Human Services Council (HSC) and UNH. These umbrella organizations had requested funding restoration of budget cuts totaling $164 million across a range of human service sectors. Budget negotiations between the Mayor and City Council ultimately restored $103 million, leaving a gaping hole of $60 million, 37% of the restoration advocates had been seeking.
And, this represents only the sector’s top budget priorities – not an all encompassing catalogue of human service budget cuts which would likely raise the total funding loss substantially.
The severity of budget cuts and the relative extent of funding restorations varied markedly by service sector and from one program to another. Here is a brief overview, along with some reactions from providers and advocates.
Monday, April 26, 2010
Special Event: "A Conversation with NYS Comptroller Thomas P. Di Napoli And Panel Discusscion on Strategic Alliances & Partnerships
Presented by The Community Foundation for the Greater Capital Region and the New York Council of Nonprofits.
May 10, 2010
8:30am - 11:30am
NYSUT Headquarters
800 Troy Schenectady Rd
Latham, NY
Welcoming remarks from Secretary of State Lorraine Cortés-Vázquez
Panelists:
Doug Sauer, CEO: New York Council of Nonprofits, Inc.
Cristine Cioffi, Partner: Cioffi, Slezak, Wildgrube; Chair: Ellis Medicine Board of Trustees
David W. Palmquist, Head: Museum Chartering, NY State Museum
Jason R. Lilien, Bureau Chief: Charities Bureau (invited)
Potential Topics of Discussion:
May 10, 2010
8:30am - 11:30am
NYSUT Headquarters
800 Troy Schenectady Rd
Latham, NY
Welcoming remarks from Secretary of State Lorraine Cortés-Vázquez
Panelists:
Doug Sauer, CEO: New York Council of Nonprofits, Inc.
Cristine Cioffi, Partner: Cioffi, Slezak, Wildgrube; Chair: Ellis Medicine Board of Trustees
David W. Palmquist, Head: Museum Chartering, NY State Museum
Jason R. Lilien, Bureau Chief: Charities Bureau (invited)
Potential Topics of Discussion:
- Ways in which state agencies can work to assist the not-for-profit sector as it faces today's complex challenges
- Aspects of the current economic environment that may compel not-for-profit organizations to consider strategic affiliations, shared services, and possible mergers
- Trends, models, and best practices for strategic alliances & partnerships
- How funders and regulatory agencies can encourage and support responsible affiliations
Continental Breakfast Sponsored by NYSUT
SPACE IS LIMITED
Please respond to jcuilla@cfgcr.org to reserve your seat.
Labels:
Event,
Foundations,
Governance,
Ideas,
Management,
News,
NYCON
Tuesday, January 19, 2010
February 1 Deadline for Nonprofit Learning Program
The South Berkshire County Fund is accepting applications through February 1 for participation in the 2010 Nonprofit Learning Program, which provides intensive training in management and governance to nonprofit organizations.
The South Berkshire County Fund, an endowment of Berkshire Taconic Community Foundation, will underwrite the cost of participation for one nonprofit group serving the south Berkshire County towns of Alford, Egremont, Great Barrington, Lee, Lenox, Monterey, Mount Washington, New Marlborough, Otis, Richmond, Sandisfield, Sheffield, Stockbridge, Tyringham and West Stockbridge. Since 2005, the Nonprofit Learning Program has trained 140 board and staff leaders of 35 organizations from northwest Litchfield County in Connecticut, and northeast Dutchess County and Columbia County in New York. This is the first year that Berkshire County organizations have been invited to apply.
Organizations participating in the Nonprofit Learning Program create four-person teams of board and staff to work under the guidance of Simone Joyaux, a nationally-known consultant in nonprofit management. They receive four free training sessions and two private, full-day consultations for the organization’s board after the group training is completed, as well as donor communications training with communications expert, Tom Ahern. After successful completion of these components, each organization receives a $2,000 grant to help it move forward based on what the team members have learned.
The participants are chosen through a competitive application process. More information and applications for the Nonprofit Learning Program are available by contacting Berkshire Taconic at http://berkshiretaconic.org/nonprofits/NonprofitLearning.shtml or by calling 413-528-8039.
Berkshire Taconic Community Foundation builds stronger communities and improves the quality of life for all residents of Berkshire County, MA; Columbia County and northeast Dutchess County, NY; and northwest Litchfield County, CT. Thanks to its generous donors, in 2009 Berkshire Taconic distributed nearly $7 million in scholarships and grants for programs in the arts and education, health and human services, and environmental protection. Berkshire Taconic is a 501 (c)(3) charitable organization.
The South Berkshire County Fund, an endowment of Berkshire Taconic Community Foundation, will underwrite the cost of participation for one nonprofit group serving the south Berkshire County towns of Alford, Egremont, Great Barrington, Lee, Lenox, Monterey, Mount Washington, New Marlborough, Otis, Richmond, Sandisfield, Sheffield, Stockbridge, Tyringham and West Stockbridge. Since 2005, the Nonprofit Learning Program has trained 140 board and staff leaders of 35 organizations from northwest Litchfield County in Connecticut, and northeast Dutchess County and Columbia County in New York. This is the first year that Berkshire County organizations have been invited to apply.
Organizations participating in the Nonprofit Learning Program create four-person teams of board and staff to work under the guidance of Simone Joyaux, a nationally-known consultant in nonprofit management. They receive four free training sessions and two private, full-day consultations for the organization’s board after the group training is completed, as well as donor communications training with communications expert, Tom Ahern. After successful completion of these components, each organization receives a $2,000 grant to help it move forward based on what the team members have learned.
The participants are chosen through a competitive application process. More information and applications for the Nonprofit Learning Program are available by contacting Berkshire Taconic at http://berkshiretaconic.org/nonprofits/NonprofitLearning.shtml or by calling 413-528-8039.
Berkshire Taconic Community Foundation builds stronger communities and improves the quality of life for all residents of Berkshire County, MA; Columbia County and northeast Dutchess County, NY; and northwest Litchfield County, CT. Thanks to its generous donors, in 2009 Berkshire Taconic distributed nearly $7 million in scholarships and grants for programs in the arts and education, health and human services, and environmental protection. Berkshire Taconic is a 501 (c)(3) charitable organization.
Labels:
Foundations,
Funding,
Governance,
Ideas,
Management,
News,
ProfessionalDevelopment,
Training
Sunday, November 1, 2009
Bridgespan Authors Identify Key Ways to Make Philanthropy More Effective
At year-end, many Americans turn their thinking to charitable giving. Our society faces tremendous challenges, yet charitable dollars have contracted dramatically over the past year. Everyone is being forced to do more with less, yet even thoughtful philanthropists struggle with how to get the most bang for their buck. In a brand new Harvard Business Review article: “Galvanizing Philanthropy,” authors Susan Wolf Ditkoff and Susan Colby offer specific strategies to help philanthropists raise their game, at a time when leveraging dollars is more important than ever. Their three pronged approach:
Get Clear: Philanthropists need to define what success looks like by wedding what they care about (values) with evidence (what works).
Get Real: They need to pragmatically assess the resources and time required to bring about change and solicit feedback from the field.
Get Better: They need to commit to systematic improvement and regularly review their entire funding strategy in light of both outside perspectives and nonfinancial assets.
It sounds simple, but it’s not. The authors point out that it takes discipline to create lasting change, and even the most well intentioned philanthropists fall prey to subtle traps along the way. Read more here.
Get Clear: Philanthropists need to define what success looks like by wedding what they care about (values) with evidence (what works).
Get Real: They need to pragmatically assess the resources and time required to bring about change and solicit feedback from the field.
Get Better: They need to commit to systematic improvement and regularly review their entire funding strategy in light of both outside perspectives and nonfinancial assets.
It sounds simple, but it’s not. The authors point out that it takes discipline to create lasting change, and even the most well intentioned philanthropists fall prey to subtle traps along the way. Read more here.
Labels:
Foundations,
Funding,
Ideas,
Management,
News,
PolicyReport
Monday, June 29, 2009
Foundation offers reduced office space
The Chronicle reported that the New York Foundation for the Arts is offering some help to recession-plagued arts groups in the city: a chance to claim some discounted office space, according to Dana Variano on the PhilanthroMedia blog.
Citing a report in the Philanthropy News Digest, Ms. Variano says the foundation is now soliciting proposals from groups and artists that are affiliated with it. Read the article here.
The article suggests that this may be an opportunity for other nonprofits to explore by renting out space they may have to generate additional income.
Citing a report in the Philanthropy News Digest, Ms. Variano says the foundation is now soliciting proposals from groups and artists that are affiliated with it. Read the article here.
The article suggests that this may be an opportunity for other nonprofits to explore by renting out space they may have to generate additional income.
Sunday, June 21, 2009
Foundations Trim Staffs After Assets Slide Lower
The NY Times reported that foundations are decreasing their staffs in large numbers.
The Robert Wood Johnson Foundation was the latest to announce a voluntary severance plan, offered this month to 42 percent of its 250 employees. In May, the Ford Foundation offered a similar plan to 140 of its 550 staff members.
Bradford K. Smith, president of the Foundation Center, a research organization, said foundations were resorting to job cuts after having adopted other cost-saving measures, like hiring freezes and reductions in benefits and travel budgets. Read the article here.
The Robert Wood Johnson Foundation was the latest to announce a voluntary severance plan, offered this month to 42 percent of its 250 employees. In May, the Ford Foundation offered a similar plan to 140 of its 550 staff members.
Bradford K. Smith, president of the Foundation Center, a research organization, said foundations were resorting to job cuts after having adopted other cost-saving measures, like hiring freezes and reductions in benefits and travel budgets. Read the article here.
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