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43 entrepreneurs who are changing the world
2007 Social Capitalist Winner

Nonprofit Finance Fund

New York, NY
Year founded: 1980
CEO: Clara Miller

Linking Money to Mission

Nonprofit Finance Fund (NFF) strives to bring about fundamental change across the nonprofit sector in the form of broader access to capital, better financial practices and improved business knowledge. NFF is a national leader in strengthening the financial health of nonprofit organizations. We offer these organizations an integrated package of financial and advisory services, helping nonprofit management to understand the impact on their finances of management and program decisions and to deploy limited resources most effectively. Our services include:
  • Building for the FutureSM: BFF enables nonprofits to establish building reserves, endowments, and other cash reserves, and to plan for orderly asset replacements rather than always responding to crisis situations.
  • Capital Partners: NFF Capital Partners helps nonprofit organizations attract the equity-like capital they need to finance "sustainable enhancements" of impact, scale, quality (or all three.) Acting as a benevolent broker, Capital Partners helps to facilitate capital campaigns of $5 million or greater, so that management teams can focus for a year or more on perfecting the programs, proof-points, reputation and revenue generation capacity that ultimately will sustain them.
  • Grants: In some of its markets, NFF also underwrites capital grants, on behalf of funders, to organizations undertaking facility projects. Grants typically require a match from other sources.
  • Loans: NFF provides facilities and working capital loans and lines of credit tailored to nonprofit organizations at competitive rates and terms. Loan sizes range from $100,000 to $2,000,000.
  • New Markets Tax Credit Loans: NFF has received tax credits from the CDFI Fund of the U.S. Treasury Department. NFF will offer these tax credits to private investors in exchange for capital to invest in community facilities projects in low-income communities. NFF is one of the few organizations using these tax credits specifically for small and mid-sized nonprofits.
  • Nonprofit Business Analysis: This tool helps nonprofit organizations define and clarify their financial condition, identify their underlying capital needs, and establish short- and long-term priorities that contribute to a financially viable future. The NBA is the primary support mechanism by which we help clients master and integrate financial planning into their overall management.
  • Workshops: Through these forums, nonprofits explore how decisions--such as whether to undertake a facility project, how to allocate costs across programs, and when to consider an alternative capital structure--affect an organization's mission and finances.

Headquartered in New York City, NFF strengthens nonprofits nationwide through partnerships with major foundations and umbrella organizations such as the Doris Duke Charitable Foundation, Ford Foundation, The Goldman Sachs Foundation and The Kresge Foundation. We also serve seven regional markets through on-site staff with in-depth local knowledge in New York, New Jersey, Philadelphia, Boston, Detroit, Washington, DC, and San Francisco. Our staff is 60-strong and growing.

Since our founding in 1980, we have helped more than 10,000 nonprofit organizations implement sustainable growth practices and improve their capacity to serve their communities. NFF has cumulatively lent $150 million and leveraged more than $750 million of capital investment on behalf of its nonprofit clients.

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