Northeast Ohio Nonprofits Brace for Tough 2010; Turn to Collaboration and Financial Planning
"For many nonprofits, 2010 will be even more difficult than 2009 as economic uncertainty continues to buffet the sector and exacerbate long-standing problems," said Dione Alexander, Vice President, Midwest Region, Nonprofit Finance Fund. "The actions that Northeast Ohio nonprofits are taking to address systemic issues give hope that they will emerge from these tough times stronger and able to continue to meet the growing needs of the communities they serve."
About Business Volunteers Unlimited
Business Volunteers Unlimited (BVU) links businesses and nonprofits to foster excellence in the nonprofit sector. BVU strengthens nonprofits by involving thousands of volunteers from the community; engaging hundreds of business executives and professionals on nonprofit boards of directors; and providing leading-edge board and management consulting and training services for nonprofits. By leveraging involvement from businesses, BVU enables businesses to build strategic, powerful and enduring relationships with the community. Last year, BVU worked with more than 150 businesses and 800 nonprofits in Northeast Ohio.
About Nonprofit Finance Fund
Nonprofit Finance Fund (NFF) is a national leader in nonprofit, philanthropic and social enterprise finance. Founded in 1980, NFF (www.nonprofitfinancefund.org) provides loan financing, access to capital and direct advisory services that build the capacity and the financial health of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $197 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for thousands of nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in New York City, Philadelphia, Newark, Boston, Detroit, Washington, D.C., and San Francisco.
