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With a lead gift from Facebook’s $20 Million “Supporting Black Communities” National Initiative, the new fund will fortify Black-led nonprofit organizations serving Black communities in Greater Philadelphia.
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.
