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Posters at the conference highlighted that the first OFN conference in 1985 attracted 21 communitydevelopment loan funds with a combined $27 million in assets under management. Between 2014 and 2022 alone, assets under management in the CDFI sector expanded more than sevenfold. billion in assets by 2022.
By Sara Horowitz You can feel it when you walk into a mutualist space for the first timewhether its a worker cooperative in North Carolina , a community garden , a labor-housing cooperative , a cohousing group in New York City, a nonprofit building in Portland, Oregon , or a social cooperative in the Italian Alps.
One tool that is available to nonprofit housing developers to address this situation is the limited equity cooperative (LEC). The Launch of Limited Equity Cooperatives The LEC is a tool developed to extend access to homeownership to low- and moderate-income buyers. First, acquisition costs in high-demand areas can be expensive.
While many foundations screen their endowment investments based on environmental, social, and governance factors, only a few optimize their investment strategies for mission impact. There is, however, a way for nonprofits to gain greater access to “flexible” capital and for foundations to generate a financial return.
billion) in assets under management and a 30-year track record, isnt wrong per se. An investment portfolio that limits energy investments to renewables, for example, may well outperform a portfolio that includes fossil fuel firms; holding on to fossil fuel stocks is arguably riskier. Each fund is unique.
Image credit: Yuet Lam-Tsang Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” W hat would a nonprofit sector that pursued economic justice look like? The other five work for nonprofit intermediary organizations. Two of them—Dr.
Most government housing funding is spent on subsidizing mortgages—primarily for the well-to-do. Now, most government housing funding is spent on subsidizing mortgages —primarily for the well-to-do—and residential land is zoned for single-family homes and suburban sprawl. Social housing campaigns look different in different communities.
In the nonprofit sector, it requires transcending the standard hierarchical funder-nonprofit dynamics and replacing them with norms of power sharing and reciprocity. Unlike many funding opportunities, qualifying projects did not need to have nonprofit tax status or be fiscally sponsored by a nonprofit.
Not only is it possible to access federal funds, but the same elements that are needed for frontline and underinvested, predominantly BIPOC communities to benefit from public funding are also the most promising approaches to address more broadly the impacts of climate change at the local level.
To find out, NPQ interviewed Malik Kenyatta Yakini, cofounder of the Detroit Black Community Food Sovereignty Network (DBCFSN); Lanay Gilbert-Williams, current co-op board president; and Akil Talley, the co-op’s first full-time permanent general manager. We did a lot of community engagement sessions.”
Editors’ note: This article is from the fall 2022 issue of the Nonprofit Quarterly , “The Face of Climate Change,” and was first published on May 1, 2022. The costs of resource extraction for Native American communities are hard to overstate. The fourth community is the Crow Nation, with 2.2 Cargill Philanthropies.
That’s why Momentum Nonprofit Partners launched our consultant directory in 2017 and have linked hundreds of nonprofits to qualified consultants in Memphis and across the country. Tell us about your previous experience working in the nonprofit sector. For those organizations, managing with limited resources.
A Government of National Unity As a response to the dwindling support, the ANC agreed to form a coalition government. So, what should we expect from President Cyril Ramaphosa’s Government of National Unity? This support comes despite the fact that their ANC-led governments have been largely ineffective.
Image credit: Drew Katz Black Bostonian communities citywide have more than just something to say for themselves: their economies are building institutions that prioritize asset-based communitydevelopment and are creating the foundations for a local solidarity economy. After raising $4.5
Back in 2019, I published a study on what I called “cooperative cities” in which I wrote about how local governments in a dozen US cities create enabling environments for developing and sustaining worker cooperatives. Only a handful of municipal leaders at the time referred to this work as “community wealth building.”
But if you’ve never heard of Bloomerang beyond the webinars, we are a provider of donor management software. So I always like to take a step back and say, “Okay, before we start to talk about writing, and management, and all of these other things, I think it’s really important to think about how do we get here?
Image credit: Yannick Lowery / www.severepaper.com Editors’ note: This article is from Nonprofit Quarterly Magazine ’s fall 2023 issue, “How Do We Create Home in the Future? But how would they know what the community needs?” Two things changed how wealth was managed. Reshaping the Way We Live in the Midst of Climate Crisis.”
“RULER OF THE EARTH” BY YUET-LAM TSANG Editors’ note: This article is from Nonprofit Quarterly Magazine ’s summer 2023 issue, “Movement Economies: Making Our Vision a Collective Reality.” How do social movements come to make the language of economic systems change their own? We think it can. We think it can.
It was a smaller autonomous school called the School of Social Justice and CommunityDevelopment. However, eight months after Lumumba was elected, he died of heart failure, and the anticipated alliance with the city government did not materialize. That day management got on their ass—we were there. We had to educate them.
With the WORK Act, tens of millions of dollars in government resources will be disbursed to employee-ownership centers around the country, fundamentally changing the playing field for worker-owners, freelancers, and cooperative innovators. What if that scale of resources flowed to our communities instead of to Wall Street?
Image credit: Drew Beamer on Unsplash For communitydevelopment financial institutions (CDFIs), these are extraordinary times. Special attention was placed on the Greenhouse Gas Reduction Fund , a $27 billion clean-energy loan fund created by last year’s Inflation Reduction Act. [Today] CDFI assets total $457.9 That’s true.
This happens daily when local governments park public funds in banks. Today, our communities face multiple challengesranging from accelerating climate change to growing income inequality, from refugee crises to housing crises, and from basic food access to self-serving financial systems.
This feels like reparations work is throwing their energy around Black woman candidate, with a lot of nuance. amb: I started doing this election time conversation series because the narrative I have had is that the left is incredibly fractured, and the nonprofit world is incredibly fractured. I see this in my community.
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