Nonprofit Finance Fund
The Nonprofit Finance Fund (NFF) advances social progress by providing financing, consulting, partnerships, and expertise to nonprofits and social enterprises working in low and middle-income communities.
A U.S. Community Development Financial Institution, NFF currently manages over $315 million. Since 1980, it has provided almost $700 million in financing and access to additional capital in support of over $2.3 billion in projects for thousands of organizations nationwide. Headquartered in New York, it has offices in Boston, New York, Philadelphia, and Los Angeles.
NFF's work in Los Angeles illustrates the range of its efforts to address inequities in our community.
Health and Human Services
Since 1983, NFF has provided financing and consulting services to LA Family Housing, which helps people transition out of homelessness and poverty through a continuum of housing and supportive services. In 2018, NFF assembled an $8.35 bridge loan package to finance the new 80,000 square foot campus that houses chronically homeless Angelenos.
In 2015, NFF provided a flexible $2 million financing package to help launch Strong Food, the social enterprise companion to LA Kitchen. The package also provided the funds to outfit a 29,000 square foot commercial kitchen for meal preparation, which is enabling the organization to deliver healthy, affordable meals in a way that provides strong social and financial returns to investors, employees, and the community.
NFF loans have helped LA public and charter schools better serve our young people. For instance, in 2012, a $12 million recovery loan helped Inner City Education Foundation, a network of 12 public schools in South LA, emerge from financial distress so its leadership could focus on upgrading facilities, improving student achievement, and implementing programs.
Arts and Culture
In 2014, NFF partnered with the Los Angeles County Arts Commission, the Colburn Foundation, and The Herb Alpert Foundation to offer workshops designed to increase the nonprofit leaders' financial knowledge and their ability to communicate their cases for financial support.
Capacity building across the LA Social Sector
NFF and the California Community Foundation embarked on a two-year initiative to build leadership capacity in 24 varied organizations. Through Financial Leadership Clinics, one-one-one consulting, and planning tools and frameworks, NFF helped the nonprofit leaders avoid common pitfalls, hone their short and long term plans, and articulate their financial messaging.
Downtown Los Angeles (branch)
# of employees:
Nonprofit (donations + earned income)