New Philanthropic Tool Available for Donor Advisors
As part of The Foundation's Mission Related Investment work, Donor Advisors can soon choose to invest in The Foundation's Nonprofit Loan Pool, which will make low-interest, short-term loans available to nonprofits that need capital or a line of credit.
 |
The Foundation uses Mission Related Investing to make capital available to innovative business ventures and organizations that have the potential to strengthen Greater New Haven, such as Sea Greens Farms (pictured). |
Donor Advisors who wish to be part of The Foundation's Mission Related Investment work can choose to invest in The Foundation's Nonprofit Loan Pool (NLP), which is being established over the next few months. The NLP is funded by private foundations, individual donors and The Community Foundation for the purpose of making low-interest, short-term loans available to nonprofits that need capital or a line of credit. After the loan term is over (typically five to seven years), donor advisors may receive a return on their investment, which can be used to reinvest in the NLP or put back into their donor advised fund. For more information about this opportunity, please contact Dotty Weston-Murphy at 203-777-7081.
