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: The Fund for Sustainability : For Nonprofits and Social Enterprises
For Nonprofits and Social Enterprises
Nonprofits increasingly lack access to critical working capital that covers the gap between the commitment and receipt of funds, or allows them to sustain or expand their programmatic activities. Given these challenges, more nonprofits are seeking to better understand how best to utilize ‘nontraditional’ capital in the form of lines of credit, zero-to-low interest loans, loan guarantees, and other forms of “program related investments” (PRIs) to provide the critical resources they need.
The Fund for Sustainability (TFS) provides low interest, short term loans (PRIs) to nonprofits and social enterprises operating in the USA in the health and human services, arts and culture, environment and education sectors are eligible. Within these sectors, TFS has a bias to fund nonprofits whose mission focuses on underserved populations who have historically lacked access to nontraditional capital.
Nonprofits and social enterprises who are interested in applying for a PRI through The Fund for Sustainability should first review the investment structure and applicant requirements to see if they are eligible - and then send an initial inquiry describing your request to TFS at: cap-tfs@tpi.org. CAP conducts initial due diligence on interested organizations:
- Nonprofits who meet initial specifications will be asked to submit an application and the supporting documentation for review
- Nonprofits who are interested but not yet ready for PRI investments may work with CAP to think through how to develop the appropriate capacity for PRI investments
If you have any questions at all, please contact us at:
Jim Bildner, Managing Director, jbildner@tpi.org, 617-737-1100 ext 1
Andrea McGrath, Director, amcgrath@tpi.org, 617-338-2590 ext 224
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