FCP will join other local funders in the pooled fund that supports the capacity, effectiveness, and financial sustainability of nonprofits in the Greater Philadelphia area.
VNA Foundation of Greater North Penn asked their nonprofit partners to share their perspective on the funder-grantee relationship. Here is their honest feedback.
Following the launch of the Black Community Leaders Fund on May 13th, we asked Philadelphia Foundation's Phil Fitzgerald, Executive Director for Grantmaking to give us some insights about how and why the fund was created and what the foundation hopes to achieve through this initiative.
New program delivered by Nonprofit Finance Fund provides financial expertise and coaching to a diverse group of nonprofit leaders as they adapt and rebuild from impacts of COVID-19.
Building on their respective strengths, the two organizations have entered into a partnership to support regional nonprofits considering sustained alliances.
With new data about the financial health of Greater Philadelphia nonprofits combined with troubling trends due to COVID-19, it's clear that collaboration will be a vital strategy for both nonprofits and funders if the sector is to continue to provide essential services and stimulate innovation that advances social purpose.
Partners funding the report acknowledge that the risk the sector faces today during a pandemic is the result of a system that was not financially stable pre-COVID that must be fixed.
The Pew Charitable Trusts and Harris Philanthropies have each given $2 million to help bring two leadership development programs to 100 Philadelphia-area nonprofit executive teams.
Skills-based volunteers to provide free capacity building support.
According to a report funded by The Philadelphia Foundation that examined the financial health of local nonprofits, more than 40 percent are running at a loss or producing no surplus at all.
