Building Reserves for Boys and Girls Clubs
NFF developed a $4.5 million Initiative to help Boys and Girls Clubs in
Boston, New York and New Jersey develop reserve funds for facility maintenance.
Developed 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 NFF's asset-building financial 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 nonprofits, their funders, and financial advisors, to commit
to a structured long-term program of building maintenance.
Management Initiative for Youth-Servers NFF's extensive track record assisting youth-servers dates back to 1991,
when we partnered with the Fund for the City of New York and the DeWitt Wallace-Reader's
Digest Fund to create the "Management Initiative for New York City Organizations
that Serve Youth." This collaborative sought to bolster the managerial capacity
and infrastructure of 20 community-based youth serving organizations in New
York City.
