$6 Million Working Capital Loan Fund Established

New York City-based Clark Foundation allocated $2 million to the Nonprofit Finance Fund to establish a working capital loan fund for nonprofit organizations that are struggling financially. The PRI, made from the Foundation's endowment fund, will allow NFF to make an additional $4 million available to Clark grantees. This fund aims to help alleviate the operational strain that many nonprofits experience due to gaps in cash flow.