Seachange Capital Partners

Seachange supports nonprofits facing complex financial and organizational challenges. We do this with grants, loans, consulting, and research to educate nonprofits, funders, and other stakeholders. Seachange also works to build effective connections between funders and nonprofits on the associated issues.seachange launched in early 2008 with support from the bill & melinda gates foundation, omidyar network, the william and flora hewlett foundation, the surdna foundation, goldman sachs, and a group of individual philanthropists. After an initial focus on education and youth development through the catalyst fund (2008-2016), Seachange expanded into sustained collaboration with the seachange-lodestar fund for nonprofit collaboration (2009-present), the new york merger and collaboration fund (nymac, 2012-present), the greater philadelphia nonprofit repositioning fund (nonprofit repositioning fund, 2018-present), and the transformational partnerships fund (2020-present); into credit with the contact fund (2013-present), the Seachange special impact fund llc (sif, 2020-present), the new york pooled pri fund (nypri, 2014-present), and new york shelter acquisition and predevelopment fund, llc (nysapf, 2023-present); and into impact investing with the new york impact opportunities fund, llc (2021-present). Nypri, the contact fund, nysapf, and sif are separate legal entities; Seachange serves as the managing member of nypri and nysapf, as the sole member of sif, and manages the contact fund pursuant to a management services agreement. Nymac, the seachange-lodestar fund for nonprofit collaboration, the nonprofit repositioning fund, and the transformational partnerships fund are grantmaking programs of Seachange that are referred to as funds because each has a distinct set of philanthropic funders to whom certain governance rights have been granted. None of these four grantmaking programs are distinct legal entities. In 2011, Seachange began providing analysis and advice (i.e., consulting) in response to requests from nonprofits and funders. Our work will continue to evolve in response to changes in the environment, feedback from the market, and reflection on our accomplishments and challenges. Seachange also regularly releases reports analyzing major issues for the nonprofit sector, as well as opinion pieces in various publications.during 2023, Seachange made grants to support 42 sustained collaboration transactions across the seachange-lodestar fund (10), nymac (4), the nonprofit repositioning fund (18), and the transformational partnerships fund (10), compared to 38 total grants funded in 2022. Seachange had a staff of 8 full-time employees in 2023 and 6 in 2022.