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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. By contrast, according to the US SIF (Sustainable Investment Forum), the CDFI industry (including communitydevelopment banks and credit unions) had $457.9
How can nonprofits convince stakeholders to invest in capacity building? Capacity building is whatever is needed to bring a nonprofit to the next level of operational, programmatic, financial, or organizational maturity, so it may more effectively and efficiently advance its mission into the future. What is the Overhead Myth?
Credit: Morgan Housel on Unsplash The funding landscape for nonprofits has undergone a seismic shift. Todays model for funding nonprofits and social enterprises is fundamentally broken. This means providing funding with the purpose of investing in the capacity of nonprofits to invest in their own enterprises.
Successful nonprofits and for-profit businesses alike use a variety of key performance indicators (KPIs) to help track their organizations performance. This guide will explore some of the most common nonprofit KPIsincluding how to calculate themto help you pick the right KPIs for your nonprofit.
Coproduced by Partners for Rural Transformation, a coalition of six regional communitydevelopment financial institutions, and NPQ , authors highlight efforts to address multi-generational poverty in Appalachia, the rural West, Indian Country, South Texas, and the Mississippi Delta.
In 1979, I discovered financial cooperatives—namely, credit unions—and I joined the National Federation of CommunityDevelopment Credit Unions in 1980. I led the organization, which is now called Inclusiv , from 1983 until 2012, when I joined the Consumer Finance Protection Bureau to set up their Office of Financial Empowerment.
Create an onboarding plan, including board, staff and community introductions and requirements. Organizational growth – externally to strengthen and expand programs, and internally for board expansion and training, staff development, support and retention. Ensure adherence to nonprofit regulations and best practices.
The nonprofit sector, along with community-based mutual aid networks , stepped up to meet immediate needs. If we want nonprofits to support us in the next crisis, they must have sufficient resources. And to know what nonprofits need to do their jobs effectively, we must ask them directly. It wasn’t for-profit companies.
Most practitioners working in communitydevelopment have accepted this as the reality of impact investing: The harder you drive for social impact in disadvantaged communities, the farther away you get from unbuffered full market return.
Social housing is not just about providing shelter but creating high-quality, permanently affordable housing across a range of incomes that are owned or controlled by a public agency, a nonprofit, or a cooperative of tenants themselves. There is also resistance within the affordable housing community.
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.
We know that decisions made in Helena and in Washington, DC have an enormous impact on our work as nonprofits. We also know that partnering with government and the public sector is critical to advance our missions and build thriving communities. We are excited to share the responses with you in our Nonprofit Voter Guide.
Some leading emerging strategies that we found from across the nation include the following: Leveraging philanthropy to ensure community control of public dollars In Memphis, TN, the Center for Transforming Communities (CTC) cultivates “neighborhood democracies” through place-based organizing.
The conference brings together hundreds of community activists, government officials, and bank communitydevelopment officers. To assess risk, the newly formed Federal Housing Administration hired the University of Michigan’s Ernest Fisher and Prudential’s Frederick Babcock.
Image Credit: Sivani Bandaru on unsplash.com The common headline in the nonprofit press has been simple: Giving declined in 2022 for only the fourth time in 40 years. Nonprofit reliance on wealthy donors has other, perhaps less obvious implications. For further details, see this recent NPQ article ). The short answer is: “Unlikely.”
All Moderated by Steve Dubb of the Nonprofit Quarterly. Below you’ll find the graphic recording, audio, video, and transcript from “The Imaginal Cells of the Solidarity Economy: Community Ownership” presented by the U.S. Steve Dubb: [00:02:31] Welcome to Imagining Cells of the Solidarity Economy: Community Ownership.
Image credit: Matt Briney on unsplash.com This is the second article in NPQ ’s series titled Building Power, Fighting Displacement: Stories from Asian Pacific America, coproduced with the National Coalition for Asian Pacific American CommunityDevelopment ( National CAPACD ).
Cliff Rosenthal was the executive director of the National Federation of CommunityDevelopment Credit Unions (now called Inclusiv ) from 1983 until 2012. The federation is a national association of credit unions largely run and owned by people of color serving low-income and primarily BIPOC communities.
Image credit: Ahmad Odeh on Unsplash In this interview, the CEO of a California-based CDFI offers her observations on what her work as a theater director has taught her about nonprofit management. Sara Razavi: Within the CDFI [ communitydevelopment financial institution ] space, we are a nonprofit loan fund.
Image credit: Drew Beamer on Unsplash For communitydevelopment financial institutions (CDFIs), these are extraordinary times. At this year’s sector conference, organized by the Opportunity Finance Network (OFN), a sellout crowd of over 2,200 people participated and considered where CDFIs needed to go and what they needed to do.
How can nonprofits help immigrants build community wealth? Nonprofit and public sector programs to promote savings are common. One of the more common forms is the matched savings account, often referred to as the individual development account, or IDA. Lessons for Other Communities?
The interview that follows explores the history of the Clayborn Temple, the project to restore it, and the vision of Troutman and her colleagues to use the temple as a hub for developing a community-based economy in Memphis that i s Black-owned, Black-governed, and which sustains a thriving culture rooted in the Black imagination.
5 This history of successful community-building economic development positions pro-solidarity economy efforts, uniquely, to engage the state in ways that materially transfer resources to grassroots communities and build worker power—and with it, our own base of economic power. Every [opportunity] they threw at me, I took it.
“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? Nonprofits often play quasi-governmental roles.
Image Credit: Brian Koellish on iStock Nearly a third of US communities are CDFI deserts. In these turbulent times, many leaders of the nations growing network of communitydevelopment financial institutions (CDFIs)which now collectively manage $468 billion in assets, a 615 percent increase over the past decadehave high hopes.
By empowering cities to establish community-owned, community-grown banks that focus on local needs above corporate profits, public banks offer a pathway to cut municipal costs, expand credit access, and drive sustainable growthall while challenging Wall Streets control of public dollars.
The labor-intensive, extractive industries paradigm that has long powered rural economies—think agriculture, manufacturing, mining, timber—has fundamentally changed due to automation and globalization , and the search for new rural development models is coalescing around a new vision.
Image credit: AmnajKhetsamtip on iStock Communitydevelopment financial institutions (CDFIs) have emerged as pivotal players in bridging financial gaps in underserved communities. They often operate as nonprofit loan funds, credit unions, or community-focused banks.
The Trump administration executive order, under the pretense of streamlining federal investments, painted the CDFI Fundand, by extension, Native CDFIsas programs in need of review, despite longstanding bipartisan support and overwhelmingly positive performance. It is, as she points out , nation building work.
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