Banking on Nonprofits
Banking on Nonprofits, a newsletter from Nonprofits Assistance Fund to provide the finance industry with useful news and information on nonprofit financial management.
From the last issue
This is an uncertain time for everyone. Nonprofits and financial institutions alike face new challenges as they try to navigate the economy. At Nonprofits Assistance Fund, we are working to help nonprofits deal with the impact of the economy and position themselves for the future. In particular, our goal is to offer sound and practical advice and help them cope as demands for services increase while income declines.
Bankers serving nonprofits are in a unique position to help their customers. Your management expertise, access to capital funds, and financial acumen are especially important right now. As you work with nonprofits at a time when their revenue streams are tightening, call on Nonprofits Assistance Fund to help your customers understand the financial pressures, funding trends, and other constraints that they face. By working together, we can help nonprofits craft and implement prudent financial strategies to maintain their ability to serve our community at this critical time.
There may be situations when you are not able to provide financing for some of your nonprofit customers in this environment. Nonprofits Assistance Fund's loan fund is an alternative source of flexible financing, coupled with valuable financial management guidance and training. For more information about our loan program and guidelines, please visit Loans.
Continue reading the December 2008 issue of Banking on Nonprofits to learn about resources for nonprofits, the Social Enterprise Network, and more.
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