Bank of America Partners with Nonprofit Finance Fund to Advance Health of Nonprofit Sector
Apr 25, 2012
Each year, the Nonprofit Finance Fund (NFF) surveys nonprofit organizations from around the United States to get a pulse on trends, challenges, and opportunities in the sector. The Bank of America Charitable Foundation is proud to have partnered with NFF on this survey for the second year.
With over 4,500 nonprofits responding, this study provides insight on everything from financial forecasts to board dynamics and service demand. This year, not surprisingly, the survey suggests nonprofits will, again, have to do more with less. In fact, 88% of those nonprofits surveyed expect an increase in demand for services in 2012 while 87% said their financial outlook won't get any better this year.
We look to these studies to help inform how we can enhance our continued support of nonprofits that provide critical services in the communities we serve. We know it's more than writing a check and are proud to continue our investments in supporting and developing strong nonprofit leaders through our Neighborhood Builders program where we provide nonprofits with a grant of $200,000 paired with leadership training for the executive director and a next-in-line leader.
Through support of the NFF study and the Neighborhood Builders program, we are aiming to equip the nonprofit sector with tools and resources they might not otherwise be able to afford. We see this as an investment not only in the nonprofit sector, but in the communities themselves.