This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nonprofit Finance Fund Report: Economic Recovery Calls On Small Nonprofits

Front-line Organizations Poised to Drive Community Revitalization

PHILADELPHIA, Feb. 4, 2013 /PRNewswire-USNewswire/ -- Nonprofit Finance Fund ( today released a report on the critical role small nonprofits can play in aiding economic recovery – if they have the right financial and strategic support.

" Small Nonprofits Solving Big Problems" draws on Nonprofit Finance Fund's 30 years of experience providing loans and strategic consulting services to nonprofits of all sizes. It also shares specific examples based on NFF's recent work in Philadelphia through the Capital and Capacity for Economic Recovery (CCER) program. CCER offered grants and consulting solutions for 22 Philadelphia-area nonprofits that provide job training services and other forms of economic development in the region.

"Nonprofits like us can rarely access or afford services like those offered through CCER," said Dr. Robert Emberger, Executive Director of Whosoever Gospel Mission, a program participant. "The insight we gained about how to financially support and grow our mission work will have lasting value to our organization and the community."

CCER helped participating nonprofits address core organizational challenges, with the end goal of improving the services they offer to their clients.  Nonprofits – and small nonprofits in particular – often have trouble securing this kind of money and support, because many funders focus on paying for program delivery and do not want to pay for "overhead." NFF's report includes concrete guidance for funders who want to help their communities by building stronger local nonprofits, such as:
  • Fund important capacity needs, which include things like financial reporting systems, development staff, and improved technology.
  • Embrace the idea that nonprofits should have surpluses, and don't penalize them or automatically reduce funding if they do.
  • Fund what already works, rather than only offering funds for new or innovative approaches—especially when funding small, local organizations that have already identified and are filling a real need in their community.

"Mission returns from capacity and system-building investments can be just as large as those from program grants," said Kristine Alvarez, head of NFF's Mid-Atlantic Advisory Services, based in Philadelphia. "Changing the way that capital is used and filling gaps in an organization's internal expertise through consulting support can help boost outcomes."

CCER let funders support dozens of small nonprofits in a cohesive way that maximized positive outcomes for the community.  This model created opportunities for nonprofits to learn from each other, even while NFF created tailored solutions for each organization based on its particular needs, opportunities and environment.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.89 -0.14%
FB $97.74 -6.10%
GOOG $665.51 -2.60%
TSLA $147.49 -9.30%
YHOO $26.70 -4.50%


Chart of I:DJI
DOW 15,868.89 -336.08 -2.07%
S&P 500 1,834.71 -45.34 -2.41%
NASDAQ 4,228.1390 -135.0050 -3.09%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs