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The NYC COVID-19 Response & Impact Fund was created to aid nonprofit service providers struggling with the initial health and economic effects of the coronavirus pandemic. It raised more than $110 million from more than 1,300 donations and gave financial assistance to NYC-based organizations through 764 grants and 45 loans. It distributed more than $73 million in grants through The Trust and more than $37 million in no-interest loans through the Nonprofit Finance Fund.This report provides a closer look at the fund's grant program, the nonprofits it supported, and the road ahead.
The purpose of this study was to assess the state of agencies created by, for, and about ALAANA culture and communities in New York City. These organizations had to have established operating budgets of $200,000 or more. This budgetary threshold was established as a marker of organizations that were more likely to have existing data available in external databases, be eligible for funding consideration by institutional grantmakers, and have the capacity to fill out the survey or participate in the in-person conversations.
Growing partisanship across the country has made immigration the hot-button issue of the moment—but the Fund for New Citizens has been helping immigrants integrate into New York City's civic and economic life for more than 30 years. Read about how the Fund got started and what it has accomplished in our new report, "Welcoming the Newest New Yorkers."
You've heard the proverb: "If you want to go fast, go alone. If you want to go far, go together." For 40 years, The New York Community Trust has been figuring out how to effectively "go together." The Trust has been funding collaborative funds for the last 40 years. By joining forces, funders combine the resources of many to tackle larger agenda, tougher issues, or long-term challenges. The Trust's most substantial collaboration to date was the September 11th Fund, which pooled $534 million from two million individuals from all 50 states, and 150 countries. The Trust has been home to 20 other collaborative funds, distributing more than $119 million. "Donor collaboration is on the rise because it meets many needs. By joining forces, funders leverage the resources of many to tackle larger agendas, tougher issues or long-term challenges," says Lorie Slutsky, president of The New York Community Trust. "Collaboration also provides philanthropists with an opportunity to get involved in areas in which they are not experts or take risks they might not assume on their own." To showcase the incredible work of its funder collaboratives, The Trust has launched the report "Stronger Together: The Power of Funder Collaboration." We discuss the innovative strategies of collaboration, and the lessons we've learned about working together to solve complex problems. When funders pool resources, anything is possible. 140 foundations and other collaborators made the City's public school system better for all students; led the fight against AIDS in New York City; and created affordable housing while strengthening organizations that support it.
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