The Skillman Foundation Taps Nonprofit Finance Fund to Support Community-Building Organizations in Detroit
Detroit — March 30, 2015 — Nonprofit Finance Fund (NFF) is partnering with The Skillman Foundation to provide Detroit community development leaders with financial skills and analysis designed to support their missions.
NFF has received a grant from the Foundation to work with City Connect Detroit, Detroit Hispanic Development Corporation, Detroit PAL, Matrix Human Services and Neighborhood Service Organization. NFF will provide these organizations with customized financial health analysis, financial management support and concrete recommendations aimed at building organizational strength and long-term vitality.
“We are excited to bring NFF to Detroit to work with some of our most critical partners supporting youth in Detroit neighborhoods,” said Chris Uhl, Vice President of Social Innovation at The Skillman Foundation. “The organizations that NFF will work with are crucial hubs that serve thousands of Detroit families and kids each year, and we want to ensure those organizations are as strong as possible, so they can make the biggest impact possible now and well into the future.”
Many community development organizations have strained under increased demand, budget cuts, and shifting community needs. This engagement is designed to help participants gain clarity around financial dynamics and needs, and to support specific goals such as improved financial management, business model adaptation and growth.
"The Skillman Foundation understands that an investment in the financial capabilities of community development and human service organizations will ultimately deliver social value as participants are better positioned to operate under difficult and uncertain economic conditions," said Kristin Giantris, Managing Director of NFF. "The Foundation's commitment to the long-term financial health of organizations on the front lines is important at a time when, year after year, nonprofits are being asked to do more with less."