Nonprofit Finance Fund

Nff is a Nonprofit lender, consultant, and advocate. For more than 40 years, we've worked to strengthen Nonprofit organizations and improve the way money flows to social good. We believe that alongside others we must build a more equitable and just social sector, and are committed to helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities' aspirations.as a community development financial institution (cdfi)nffmanagesa portfolio ofover$372million. Since 1980, we have provided over $1.1billion in financing and access to additional capital in support of over $3.5billion in projects for thousands oforganizations nationwide. Nff works toward a more just and vibrant society through: financing for nonprofits and social enterprises that are working hard to realize the highest aspirations of their communities. Consulting that helps Nonprofit leaders and their funders make decisions that strengthen the connection between money and mission success. Partnering with service providers, funders, and investors to advance community-led solutions and identify and advocate for practices that ensure organizations are positioned to achieve their goals, whether that is shifting toward more racially equitable funding or reinforcing the importance of covering the full costs of delivering programs. Learning and sharing cutting-edge data, insights, and resources to support social change and encourage more equitable funding practices. In 2023, nff staff continued to primarily work remotely in the geographic regions of new york, philadelphia, boston, los angeles, oakland. Offices in these regions have reopened for staff access. A selection of nff's services include: access to capital loans: nff typically makes loans up to $8 million and provides financing independently and in partnership with other lenders, to nonprofits and social enterprises. The financing is used for a variety of purposes including facility-related needs such as property acquisition, new construction, renovation, and leasehold improvements. Nff also provides loans for working capital and operating needs including equipment loans and lines of credit. New markets tax credits ("nmtc"): since 2007 nff has been awarded a total of $401 million in nmtc from the us department of the treasury, which nff uses to provide flexible financing to organizations and projects that increase access to human services, healthcare, education, arts and culture, youth and workforce development, and much more in communities across the us. Nff is one of a few organizations using these credits exclusively to help Finance projects benefiting small and mid-sized nonprofits. Three tax credit investments were made in 2022 through nff's nmtc small loan Fund, which offers low interest rates to borrowers with financing needs too small to qualify for traditional nmtc leverage structures. Supporting program related investments and other impact investments: nff supports efforts of foundations and others considering the addition of program-related and other impact investments to its philanthropic activity and those seeking assistance with an existing program. Other capital access and related activities: nff works in partnership with funders and other providers of capital to explore thoughtful, practical applications of cutting-edge ideas and more equitable funding practices such as covering full costs, offering change capital, and providing the flexible operating dollars that nonprofits need to sustain and adapt their community work. Nff's loans and other financing products evolve with the changing needs of the sector and us communities. In 2023, nff originated $50 million in total new lending to 32 organizations, 60% of which went to organizations led by and serving people of color. Advice and training consultation and analysis: nff is a leading financial consulting practice providing solutions-based advice and partnership to help nonprofits and their funders address change, challenge, or opportunity. Whether through in-depth consulting services, group clinics, or long-term partnerships, nff consultants work with community-centered Nonprofit organizations, networks, organizers, funders, and financing partners to support community-led solutions, and engage and facilitate funding that promotes equity. Nff's consulting practice leaves clients in a better position to budget and advocate for what it really costs to deliver on mission, fully understand their existing and potential business models, and plan for varied financial and operational scenarios. Nff also works with Nonprofit managers to help them better communicate their financial story to funders, lenders, and others. In 2023, nff provided tailored financial management and financial consulting to 208 nonprofits, 67% of which are led by people of color. Nff also reached nearly 1,800 Nonprofit leaders through short engagements, events, and consulting webinars.workshops and online resources: nff's remote workshops, webinars, and online resources offer Nonprofit leaders insights, tools, and guidance to help their organizations adapt to an ever-changing environment. Content is designed to help managers and board members become more comfortable reading and interpreting financial statements and thinking through how management decisions and capital structure affect an organization's mission and finances. In 2022, consultants prepared companion workbooks for a full curriculum of Nonprofit financial management webinars in english and spanish to share practical tools and helpful insights for Nonprofit leaders. They also created a resource page for fundraising and a three-part video series specifically for Nonprofit leaders who are in the early stages of Nonprofit financial management and creating their first organizational budget.social sector knowledge: to advance a more equitably resourced Nonprofit sector, nff researches, amplifies, gathers, and shares the insights and experiences of on-the-ground nonprofits with government officials, decision-makers, influencers, and funders. In 2023, nff published 99 pieces of content that advocated for a stronger social sector, 77 of which advocated for advancing racial equity in Nonprofit funding flows.