Nonprofit Finance Fund

The Nonprofit Finance Fund (NFF) is a bank for social change; it makes loans (and provides consulting services) to nonprofits to support their growth. This grant will support NFF in building its capacity in the nascent industry of social impact bond (SIB)/pay-for-success financing. Specifically, NFF will (1) advise and improve pre-transaction readiness for nonprofits and government entities interested in participating in SIBs/pay-for-success, (2) provide early learning and advice to communities with emerging interest in SIBs, and (3) expand its learning hub (payforsuccess.org) which offers tools, research, and networks/communities of practice for funders and implementers of SIB/pay-for-success financing projects. NFF also aims to organize a syndicate of philanthropic investors to participate in specific SIB deals.