Essential and Enduring
2025 Annual Report
Nonprofits stepped up in 2025, proving themselves essential and enduring in a long and challenging year. Across the country, nonprofits helped their communities navigate high prices, the lack of affordable housing, political attacks, and tears in our nation’s social fabric. For many nonprofits, 2025 brought funding cuts and delayed or cancelled federal and state contracts, making it even harder to cover the full cost of delivering services.
In this challenging environment, NFF was a source of capital, consulting, and financial knowledge to thousands of nonprofits, and an advocate for all of them. When nonprofits have access to the capital and financial knowledge they need, they can provide community infrastructure that strengthens community wealth and well-being.
2025 by the Numbers
Capital
$
$92 million
in total new financing, plus $35 million in NMTC transactions.
2,300
units of affordable housing created or preserved.
10x
$931 million
of total project funding made possible by leveraging NFF financing – a 10x leverage rate.
Consulting
19,000
hours of technical assistance provided to 220 clients through consulting engagements.
84
workshops, webinars, and events with 2,300 total attendees.
$1.8 million
in pass-through grants awarded to 25 nonprofits.
Advocacy
28
legislative visits by NFF staff.
65
speaking engagements by NFF staff.
105
pieces of content published, including 29 highlighting the work and expertise of NFF clients.
Dig into the stories
People Helping People
CDFI financing helps Council of Peoples Organization purchase facilities to increase services while cutting rent payments.
Inside NFF’s NMTC Program
A conversation with Onika Lewis, Vice President, New Markets Tax Credits.
Matching Financial Data to Mission in Colorado
NFF helps The Colorado Health Foundation implement more inclusive grantmaking practices.
Planting Roots, Growing Branches
NFF consultants help Young Man With a Plan prepare for facility ownership.
Wildfire Recovery in California
NFF partners with California Community Foundation to navigate wildfire recovery and resilience.
What Is a Learning Organization?
A conversation with Jina Paik, Vice President, Learning & Impact.