In this $4.5 million initiative, NFF worked with Boys and Girls Clubs in Boston, New York and New Jersey develop building reserve funds to better manage their clubhouses. In partnership with the Charles Hayden Foundation, the Citigroup Foundation, and the United States Treasury's Community Development Financial Institutions Fund, the program's centerpiece is an asset-building service called Building for the FutureSM (BFF).
BFF was developed in response to our experience (and that of our funders and youth-servers) that sound facilities management practices were difficult for youth-servers to sustain without the support and incentive of their funders. The BFF model offers matching grants as a financial incentive to encourage these nonprofits, their funders, and ourselves as advisors, to commit to a structured long-term program of building maintenance.
To learn more about BFF, visit our Consulting Page. You can also read our in-depth case study, "Capitalizing Youth Services."
NFF works to create a strong, well-capitalized and durable nonprofit sector that connects money to mission effectively, supporting the highest aspirations and most generous impulses of people and communities.
Nonprofit Finance Fund® is a nonprofit 501(c)(3) Community Development Financial Institution (CDFI). © 2012 Nonprofit Finance Fund. All Rights Reserved
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