Local Philanthropic Organizations Collaborate to Form the Nonprofit Repositioning Fund

I know a lot of our group members work for, volunteer, and/or serve on the board of local nonprofits and I thought this may be of interest.


 

Local philanthropic organizations have collaborated to form the Nonprofit Repositioning Fund (“the Fund"), a regional effort to improve the capacity, effectiveness and financial health of nonprofits in the Greater Philadelphia area. The Fund has committed $1,425,000 over three years for grants that will encourage and support formal, long- term collaborations between nonprofit organizations including alliances and back-office consolidations, programmatic joint ventures, and mergers and acquisitions. In rare instances, dissolutions will be supported. 

 

The Fund will make grants at three levels, including early stage Seed Awards, Exploratory Grants of up to $40,000, and Implementation Grants of up to $100,000. These grants will help to support technical assistance and one-time costs associated with repositioning activities among two or more nonprofits serving Bucks, Chester, Delaware, Montgomery and/or Philadelphia counties. 

 

 Additional information about The Fund, including types of support information on how to apply, can be found at www.repositioningfund.org

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