NYC COVID-19 Response & Impact Fund
Help for New York Nonprofits: the NYC COVID-19 Response & Impact Fund
A huge thank you to all of you who are on the front lines during this unprecedented time. We know you are doing everything possible to help your clients during this scary time. We’re here to help you.
With generous support from the Ford Foundation and a group of leading New York philanthropies, we are providing no-interest loans to New York City nonprofit organizations working in the human services, with particular interest in those supporting essential healthcare, food delivery, homeless services, workforce development, educational support, and early childhood education, and arts and culture, so you can cover your costs while waiting for revenue that has been delayed by the current crisis.
Loans will range from $100,000 to $3 million and can be used for a variety of purposes, including covering delays in government payments for services delivered, postponed fundraising events, and increased expenses to deliver services which will be reimbursed in the future. Loans will be unsecured and have terms of either 12, 24, or 36 months. Full repayment is expected. Financial and cash flow planning coaching will also be available to organizations that receive these loans.
This is part of the new $75-million NYC COVID-19 Response & Impact Fund, hosted by the New York Community Trust, which is also offering grants to help organizations pay for protective equipment, cleaning supplies, technological assistance, and support for financial losses.
Your organization is eligible to apply for a loan if you:
- Are a 501(c)(3) nonprofit organization
- Are based in New York City
- Have annual non-governmental revenue of $20 million or less
- Receive New York City or New York State government funding
- Have a track record of delivering effective programs and services equitably for New York City residents
These loans are geared toward nonprofits with an annual revenue of at least $750,000.
Check out our FAQ page if you have questions about eligibility, the application, or the review process.
NFF is committed to providing capital to organizations that place their communities at the center of their work. These organizations have direct connections to the people they serve and are responsive to the communities' priorities. As such, they are often best placed to provide essential services to address critical community needs. When these organizations are led by people of color, they face a funding system still grappling with a legacy of racism. NFF is committed to equity, and we strongly encourage eligible community-centered organizations led by people of color to apply.
We are grateful to these organizations for creating the NYC COVID-19 Response & Impact Fund: Bloomberg Philanthropies, Carnegie Corporation of New York, Doris Duke Charitable Foundation, Ford Foundation, Griffin Fund, Joan Ganz Cooney & Holly Peterson Fund, The JPB Foundation, The Estée Lauder Companies Charitable Foundation, The Andrew W. Mellon Foundation, The New York Community Trust, Jennifer and Jonathan Allan Soros, Jon Stryker and Slobodan Randjelović, Charles H. Revson Foundation, Robin Hood, Rockefeller Brothers Fund, Laurie M Tisch Illumination Fund, UJA-Federation of New York, and Wells Fargo Foundation.
If you’re interested in contributing to the Fund to help NYC nonprofits, let us know.
Read the COVID-19 Response & Impact Fund press release announcement.