Funders have recommitted their support of the Nonprofit Repositioning Fund for a second round through 2020. Moving forward, the Fund will be establishing an administrative relationship with New York-based SeaChange Capital Partners.
Here is a round-up of recent news and developments with the City of Philadelphia's Rebuild initiative.
Rebuild announced that 21 nonprofits were qualified as Project Users and, as a result, are eligible to apply for grants to manage improvements to parks, rec centers, and libraries.
Seventeen stakeholders have been named to a new oversight board for the Rebuild initiative to improve Philadelphia's public spaces. Their first public meeting is 11/1.
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.
The National Recreation and Park Association's annual conference highlights the City of Philadelphia's Rebuild initiative.
The Lenfest Institute again made news by awarding $2 million in new grants to support innovation in local journalism, with $1 million earmarked for Innovation Grants to 12 for-profit and nonprofit newsrooms across the country.
The Lenfest Institute for Journalism will award up to $1 million in grants to drive innovation in news-and-information products, and to sponsor a residency program for entrepreneurs.
