Nonprofits, especially those serving the communities hardest hit by the pandemic, are vital to our region’s recovery. Government loans, grants and charitable contributions have been critical tools in support of nonprofits’ immediate responses to COVID-19. However, as we look to mitigate the pandemic’s lasting impacts, foundations have an opportunity to provide financial and technical assistance that will help strengthen specific nonprofit organizations, and the nonprofit sector more broadly, so that the most affected communities do not just recover, but thrive.
For interested Nonprofit Loan Fund applicants, the deadline for the application is April 15, 2021, though applications will be accepted and reviewed on a rolling basis to reflect that some organizations may not qualify for PPP loans or may have additional needs.
The Metro Denver Nonprofit Loan Fund is seeded with $1 million each from Community First Foundation, Rose Community Foundation and The Denver Foundation. Additional funding from banks, foundations and individuals will be welcomed. $200,000 has already been secured from the Colorado Nonprofit Loan Fund.
Nonprofit Finance Fund® (NFF®) provides financing and consulting to help nonprofits and their funders better connect money to mission results. A community development financial institution (CDFI), NFF applies 40 years of experience to today’s social challenges. Since 1980, NFF has provided $942 million in financing and access to additional capital in support of over $2.8 billion in projects for thousands of organizations nationwide.