emergency loan fund

Using Debt Smartly: Nonprofit Lines of Credit and Loans

jschenker — Tue, 12 Jun 2012 18:38:24 +0000

The Nonprofit Finance Fund (NFF) and New York Nonprofit Press recently teamed up for a web chat to discuss nonprofit lines of credit and loans. When should a nonprofit apply for/use a line of credit? What do lenders look for in an application? What is the difference between a line of credit and a bridge loan? Panelists addressed these questions and more during the live web chat.

Check out the web chat here.

Resource: NFF Portfolio Manager, Barbara Libove’s article in the New York Nonprofit Press offers guidance on how and when to use a line of credit appropriately and effectively.

Surviving and Thriving in Tough Times: A Framework for Nonprofits Facing Economic Stress

sokane — Sat, 12 Dec 2009 17:06:51 +0000

La Piana Consulting’s latest eNewsletter highlights a framework for nonprofits to analyze their organizations’ financial underpinnings and identify practical options for financial restructuring. Why do it? The process can help nonprofits leverage readily available data to inform critical decisions—and thereby respond to financial challenges with the benefit of a deeper understanding of the alternatives available to them. There are five steps in this framework.

Check it out here.

The newsletter can be subscribed to here.

And be sure to bookmark David La Piana’s blog.

Irvine Foundation Launches Fund to Help Nonprofits Prepare for New Economic Reality

sokane — Fri, 07 Aug 2009 19:11:40 +0000

The San Francisco-based James Irvine Foundation has announced the launch of a fund to help nonprofits develop and execute plans to better position themselves for the future in light of the ongoing recession.

The Fund for Financial Restructuring will support current Irvine Foundation grantees in its arts, California democracy, and youth programs that have already initiated internal planning processes to determine how best to adapt to the economic downturn. Grants ranging from $50,000 to $150,000 will be awarded to up to fifteen organizations, with priority given to nonprofits that are already exploring longer-term implications of the recession and that have demonstrated proactive thinking and action.

Grants awarded through the fund may be used to reinforce an organization’s core values and mission by better aligning its revenues and expenditures, reconsidering its basic strategies and operations, and/or developing new business models and related organizational structures, processes, products, or partnerships. Grants are not intended to be used to address short-term cash flow needs related to the recession or to support core operating costs for conducting “business as usual.”

The first round of grants will likely be awarded in late 2009, with one or two additional rounds following in 2010.

ncg loan funds at nonprofit day

sokane — Fri, 31 Jul 2009 05:58:07 +0000

The NCG Loan Funds will be represented at CompassPoint’s Nonprofit Day on Tuesday, August 31st. Visit our booth for the latest information on bridge loans for nonprofits, and find us at the plenaries and breakout sessions hearing new perspectives on nonprofits thriving during this complex economy.

Registration is required, sliding scale per usual, by Friday, August 20, 2010. Please visit Compasspoint for more information or to register.