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.
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.
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.
An additional $1.5 million in support for the fund also was announced, including contributions from William Penn Foundation ($1million), Wells Fargo ( $250,000), TD Bank ($100,000) and Philadelphia Health Partnership, Santander Bank and the Samuel S. Fels Fund ( $50,000 each).
