COMMUNITIES OF COLORNONPROFIT STABILIZATION FUND
In 2014, the Hispanic Federation (HF), Coalition for Asian American Children and Families (CACF), New York Urban League (NYUL), and Asian American Federation (AAF) formed an alliance to provide capacity-building support to Black, Latino, and Asian-led community-based organizations (CBOs) throughout New York City’s five boroughs.
Our founder, Carlos Norena, spent years working alongside nonprofits and listening closely to their challenges. He saw that while many organizations had access to accounting firms, few had access to true partners who understood the unique pressures nonprofits face — from managing restricted funds, to navigating audits, to reporting back to funders with confidence.
As a result, the New York City Council allocated $2.5 million to establish the Communities of Color Nonprofit Stabilization Fund (CCNSF). This initiative has supported 464 capacity-building projects for nonprofit organizations to date.
The first New York City Council fund of its kind, CCNSF aims to build the capacity of New York City nonprofits in recognition of the fact that organizations led by people of the community are best equipped to meet the needs of the community.
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