On October 7, 2015, 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 vision of the fund is, “We envision a strong, vibrant and sustainable future for the Greater Philadelphia region, in which philanthropy is renowned and valued for catalytic, constructive and collaborative actions that provide opportunities for the greater good and help solve longstanding social problems.” A commitment of approximately $1.4 million dollars over three years will encourage and support formal, long term collaborations between nonprofit organizations including alliances and joint ventures.
In the midst of a budget impasse, this is encouraging news since the Greater Philadelphia nonprofit sector accounts for over $11 billion in annual wages, making it one of the major economic drivers of the region’s economy. The core strengths of the Fund are in Ideas, Connections, and Leadership. These are vital for individual organizations that struggle with issues of insufficient scale, duplication of effort, undefined leadership succession, limited public and private sources of revenue, and high back office costs. These challenges can have an adverse effect on the delivery of services and sustainability.
“The Fund will make grants to nonprofits so they can obtain the technical assistance required to thoughtfully explore long-term collaborations, and to implement repositioning activities where organizations find they can effectively combine their forces for greater impact,” said Nonprofit Repositioning Fund Director, Nadya K. Shmavonian, a local nonprofit leader with extensive experience in philanthropy, strategy, and organizational governance and management.
Philanthropy Network Greater Philadelphia will host and administer the Fund. It is the region’s membership association for organizations and individuals active in philanthropy, helping funders build essential skills, share knowledge, and stay on top of key issues and trends. Marie Porter, Executive Director of Philanthropy Network Greater Philadelphia, says, “These types of partnerships are common in the private sector, and it is a huge step forward that nonprofits are now openly exploring long-term strategic partnerships.”
The Nonprofit Repositioning Fund (the Fund) is a collaborative effort focused on improving the capacity, effectiveness and financial health of nonprofits in the Greater Philadelphia area. Additional information about the Fund, including types of support and information on how to apply, can be found at www.repositioningfund.org.