Nonprofit Finance Fund and California's Largest Foundations Launch $6 Million Initiative to Bolster Los Angeles Nonprofits

LOS ANGELES, October 28, 2009 — Nonprofit Finance Fund (NFF), a national
leader helping nonprofits strengthen their financial health, today announced
that it is working with the California Community Foundation and the Bank of
America Charitable Foundation to launch a new "Nonprofit Sustainability and
Effectiveness Initiative" in Los Angeles. This initiative provides local
nonprofits facing financial challenges with working capital loans and
financial consulting services. This will be an unprecedented collaboration
among Southern California's largest foundations to address the root causes of
financial hardship among nonprofit organizations. Ultimately, this will ensure
that critical community needs are met by a nonprofit sector facing record
demands due to the economic crisis.