The Fieldstone Alliance of St. Paul, MN., and the New York-based Nonprofit Finance Fund announced a new partnership, funded by a $9.3 million grant from the W. K. Kellogg Foundation, to improve the performance, effectiveness, and financial sustainability of more than 800 U.S.-based grantee organizations supported by the Foundation.
Participating W.K. Kellogg Foundation grantees will have access to a broad array of resources, including expert consultation, training, benchmarking, management tools, access to capital, publications, subscriptions, and professional associations and conferences. The more than 800 current Kellogg grantees will be expected to improve their organizational capacity and financial structure. This will help the nonprofits better achieve their missions, increasing their community-level impact and improving their prospects for long-term survival.
Kellogg Foundation Program Director of Philanthropy and Volunteerism Tom Reis said: "This is about contributing to our grantees doing more good work for many years to come. That kind of success often depends on an extraordinary balance of mission, money, and organizational capacity. When most nonprofits seek help, they look for either specific consultation-such as strategic planning-or for financial assistance. It is rare that they look to the deep inter-relationship between their mission, their financial structure, and their organizational capacity. Our new effort will simultaneously build financial and organizational capacity
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