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- EIN 13-3238657
- New York: 212-86
- 70 W 36th St Eleventh Fl New York NY 10018 USA
- www.nonprofitfinancefund.org
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Nonprofit Overview
Causes: Community & Neighborhood Development, Economic Development, Nonprofit Management
Mission: NFF brings about fundamental changes in the giving, getting and using of money in the nonprofit sector. This includes broader access to capital, changes in funding practices, better financial management, and improved business knowledge on the part of both nonprofits and their funders. NFF believes that, without these changes, much of the nonprofit sector?s impact will remain marginal and episodic.
Results: Nonprofit Finance Fund was founded in 1980 and is now one of the nation’s leading community development financial institutions (CDFIs). The only national CDFI focused exclusively on nonprofits, NFF has lent over $160 million and leveraged $1 billion of capital investment on behalf of its nonprofit clients. Beyond direct lending, in partnership with others, NFF has generated $16 million for nonprofits for building reserves, cash reserves and endowments through its multi-year asset-building product. NFF also has provided $1.2 million in loan guarantees, $10.3 million in 9/11 recovery grants, approximately $13 million in capital grants and $2 million in planning grants. NFF offers an integrated package of financial and advisory services, including facilities and working capital loans and lines of credit; asset-building programs; intensive workshops; Nonprofit Business Analyses, and other consultations to help nonprofit management understand the impact on their finances of management and program decisions. A newly launched entity, NFF Capital Partners, helps nonprofits attract equity-like growth capital.
Target demographics: NFF serves both nonprofits and their funders. We serve nonprofits in Washington, DC-MD-VA, the West Coast, New York, New Jersey, New England, the Greater Philadelphia region, the Midwest, and nationwide through our partnership-based National Alliances.
Direct beneficiaries per year: NFF has surpassed the $1 billion benchmark in capital leveraged as a result of our financing and underwriting for the nonprofit sector, with a lifetime of over $150 million in direct loans on top of that. And we have provided hands-on services to over 1500 organizations.
Geographic areas served: National, including San Francisco and Pittsburgh
Programs: Nonprofits are the cornerstones of our communities, providing vitalservices that address our most pressing social problems and strengthenour neighborhoods. With their varied business models and uniqueoperating environments, nonprofits need a financing partner that canappreciate their particular financial situations and provide solutionsto meet their needs. As a federally recognized Community Development Financial Institution(CDFI) with almost 30 years of experience financing nonprofits, NFF isflexible and tailors loans to individual clients based on their uniquefinancial story, plans and capacity.