Tarsadia Foundation Backs Nonprofit Finance Fund’s Commitment to the Black Equity Collective (BEC)

November 30, 2021

BEC Community Leaders are Focused on Long-Term Financial Strength to Fuel Racial Equity Work

New York, NY—November 30, 2021 – The Black Equity Collective’s (BEC) community of nonprofit organizations are pursuing financial strategies that will help them meet their missions and lead long-term social change efforts, with new support from the Tarsadia Foundation and Nonprofit Finance Fund (NFF).  

BEC’s members consist of Black-led and Black-empowering organizations based in Los Angeles, San Bernardino, and Riverside counties.     

“We’re thrilled to have the support of NFF and the Tarsadia Foundation to strengthen the long-term sustainability of Black-led and Black empowering organizations in Southern California,” said Kaci Patterson, Founder and Chief Architect of the Black Equity Collective. “This flexible funding and tailored support will help high-impact, grassroots nonprofits continue to meet ongoing community needs. We all benefit from these nonprofits’ work; it is time to invest in the organizations driving racial equity.” 

The Tarsadia Foundation is providing $200,000 over two years to support NFF’s financial coaching and consulting with BEC’s inaugural Organizational Resiliency Track cohort.  

NFF is also helping to fund the work with $120,000 from its Strategic Innovation Fund, which supports community-centered organizations advancing racial equity. BEC is providing additional financial support to Organizational Resiliency Track members.  

“BEC’s members have built strong relationships with NFF as financial strategy partners; Tarsadia is proud to support this work because we are committed to building a world where financial inclusion and economic opportunity exists for all – regardless of race, zip code or socioeconomic status,” said Kate Faith, VP of Marketing & Impact at Tarsadia Foundation. 

NFF is focused on improving the flow of money to community-centered organizations led by and serving people of color, and to expanding equitable access to financial knowledge and tools. BEC cohort members will engage with NFF on topics such as budget development, full-cost analysis, and financial reporting.  

“Black-led nonprofits, and nonprofits active in Black communities, continue to serve and strengthen their communities in spite of racist, systemic underfunding and exclusion,” said Annie Chang, director at NFF. “We’re grateful for the support of the Tarsadia Foundation and our active partnership with BEC as we work together to respond to the needs of BEC’s social justice leaders.”  

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Nonprofit Finance Fund® (NFF®) is a nonprofit lender, consultant, and advocate. For more than 40 years, we’ve worked to strengthen nonprofit organizations and improve the way money flows to social good. We are committed to building a more equitable and just social sector, and helping community-centered organizations led by and serving people of color access the money and resources they need to realize their communities’ aspirations. To learn more, visit https://nff.org/ 

Black Equity Collective (BEC) is a community-public-private partnership with Black equity as its central, unifying force. The Collective’s mission is to strengthen the long-term capacity and infrastructure of Black-led and Black-empowering social justice organizations in Southern California (Los Angeles County and the Inland Empire). To learn more, visit https://www.blackequitycollective.org/

Tarsadia Foundation is a global family foundation that has been active in service and philanthropic giving over the past 10 years. Tarsadia Foundation is on a mission to unleash human potential through opportunity creation. They support a portfolio of grantees - both nonprofit organizations and social enterprises - who are fueling Inclusive Mobility, tackling Current Crises and Future Threats, and inspiring Human Transformation across the globe. To learn more, visit https://tarsadiafoundation.org/

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