5th Annual Communities of Color Nonprofit Stabilization Fund Awardee Reception 69 Nonprofits Received Capacity Building Support from NYC Council

For the fifth consecutive year, the New York City Council has announced its support and commitment to investing in nonprofits through the Communities of Color Nonprofit Stabilization Fund. CCNSF, the first fund of its kind in New York City, was first announced in Fiscal Year 2015 to grant New York City-based nonprofits the support needed to increase capacity building for emerging and seasoned social services organizations.

69 community based organizations throughout New York City will receive transformative grants to support and create critical functions, provide economic stimuli and capacity building support to emerging and seasoned social services organizations.

 

These CBOs offer a varying array of services to New Yorkers, and are being funded to address a comprehensive menu of infrastructural needs including leadership development, financial management, and outcomes system development, among others. A representative from NYC Council Speaker Corey Johnson’s office, NYC Councilmember Andy King, a representative from NYC Councilmember Adrienne Adams, NYC Councilmember Ydanis Rodriguez, the coordinating organizations for the Fund, and representatives from the 69 awardees gathered for a reception at Hispanic Federation on May 16th, 2019.

The coordinating organizations – Coalition for Asian American Children and Families, Hispanic Federation, New York Urban League and Asian American Federation have been critical in leveraging dedicated nonprofit funds from the City Council. To date, $7.5 million has been committed to the Fund, which addresses the need for capacity-building funding for nonprofit organizations in communities of color. The monies have had a considerable impact on the sustainability, growth and prosperity of many organizations providing crucial services to the most vulnerable communities in New York City.

CCNSF was championed by NYC Council Speaker Corey Johnson and has broad support among Council Members including the Black- Latino and Asian Caucus. Oversight of the funding is provided by the New York City Department of Youth and Community Development (DYCD).

Through a competitive Request for Application (RFA) process, independent expert allocation committees with knowledge of the nonprofit sector and the capacity building challenges they face, utilized rigorous vetting methods to select grant awardees. Grants were awarded by the partner agencies in three separate funding streams, whose allocations were determined by U.S. Census data. Each awardee was carefully selected to utilize funds to grow capacity, address challenges, and equip communities.

The awardees are community-based organizations from all five boroughs. They offer a varying array of services to New Yorkers, and are being funded to address a comprehensive menu of infrastructural needs including leadership development, financial management, and outcomes system development, among others. In addition to awarding the capacity building awards, the coordinating organizations will conduct several trainings on board development, financial management and fundraising for the awardees.

“For the past 5 years, the Communities of Color Nonprofit Stabilization Fund (CCNSF) continues to provide important capacity building support and resources to Asian Pacific American (APA) organizations. This fund has enabled us to invest and strengthen nonprofit organizations that provide valuable social services to all New Yorkers. The APA community is the fastest growing population in New York but receives minimal resources. CCNSF is an opportunity to counter this disparity and build capacity within our communities,” said Anita Gundanna, Co-Executive Director, Coalition for Asian American Children and Families.

Vanessa Leung, Co-Executive Director, Coalition for Asian American Children and Families said, “CCNSF has strengthened APA-led community organizations across New York City that provide the most effective culturally competent and language accessible services. We thank Speaker Corey Johnson and the support of New York City Council for investing in the organizations that provide the most impactful services to address our community’s needs, but also employ many from our community. We look forward to City Council’s continued partnership to strengthen our communities.”

Jo-Ann Yoo, Executive Director of the Asian American Federation said, “As one of the original partners who advocated for the creation of CCNSF, we are thrilled to see another 69 organizations serving communities of color throughout New York City receive this critical funding to build their capacity. Our communities are best served by community-based organizations that have deep roots and trusted relationships in their communities, so we must invest in their growth and stability if we hope to meet the needs of the most vulnerable New Yorkers. We look forward to working with the City Council to continue to support these important nonprofits.”

“We are thrilled and thankful to the New York City Council for committing to the development and prosperity of New York City’s nonprofits” said José Calderón, Presidentof the Hispanic Federation. “Now in its fifth year, it’s clear that CCNSF has strengthened over 210 organizations providing critical services to our city’s residents. The Fund is a model on how we can work together to ensure the long-term viability of organizations that are the cornerstones of communities all throughout New York City. Now more than ever, we need a robust CCNSF, and we look forward to the City Council’s continued support.”

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