Nonprofit Finance Fund

5 Hanover Square, 9th Floor
New York NY 10004
(212) 457-4700

Quick Facts

We unlock the potential of mission-driven organizations through tailored investments, strategic advice, and accessible insights.

Nonprofit Finance Fund (NFF) serves mission-driven organizations with tailored investments, strategic advice and accessible insights. As a Community Development Financial Institution (CDFI) and trusted advisor in the social sector for 35 years, NFF works with a wide range of public and private partners to develop and implement innovative and effective ways to increase the flow of capital to a chronically undercapitalized social sector. We also work closely with service providers to foster the skills and capacity necessary to convert capital into meaningful, positive outcomes for the individuals, families and communities that they serve.

The arrival of Pay for Success (PFS) in the United States in 2010 catalyzed the movement toward outcomes-based approaches to persistent social issues, and has sparked new discourse about fundamental issues: What does it cost to create social change? How can service providers, traditional and new social sector investors, governments and other stakeholders better align their efforts to create positive social change? How can better understand what works, and what doesn't, to address persistent and complex challenges? Can we do better for people in need, for the benefit of all?

NFF's engagement in PFS comes from our commitment to helping service providers, investors, and governments understand and build readiness for productive participation in a U.S. social sector where providing and accessing capital is increasingly tied to the achievement of meaningful and measurable outcomes.

NFF's work in PFS includes:

  • Tailored investments in Pay for Success projects, including the Cuyahoga County, OH Partnering for Family Success Program, Connecticut Family Stability Project, and Denver Housing to Health Initiative
  • Strategic advice including consulting with funders and service providers to determine and build PFS readiness; administering grant programs designed to bring PFS projects to fruition; training and workshops
  • Accessible insights including conceiving and curating the Pay for Success Learning Hub and publishing market reports and analyses

Over the past six years, NFF has deployed more than $8MM in support of PFS efforts through grants from the Corporation for National and Community Service (CNCS) Social Innovation Fund and the CDFI Fund and have led  PFS education, outreach and convening efforts in close collaboration with multiple stakeholders, including the James Irvine Foundation, the Joyce Foundation the Laura and John Arnold Foundation, the Rockefeller Foundation, the White House and the William and Flora Hewlett Foundation We have seen the promise of PFS and the challenges of real-world implementation. The lessons learned, and the data gathered, from these early efforts are already shaping future approaches to tackling our most complex and persistent social issues.

As we embark on what promises to be another  exciting and busy year, we look forward to continuing to work collaboratively in the sector, using all of the tools at our disposal and developing new, innovative ones to build a more just and vibrant society.