Financial Management Technical Assistance for NYHealth Grantees
Special Projects Fund
April 1, 2010
WebsiteSEE GRANT OUTCOMES
In response to the economic downturn, the New York Health Foundation (NYHealth) worked with the Nonprofit Finance Fund to create a one-time technical assistance (TA) program to help NYHealth grantees build capacity in their financial management capabilities.
Grantees, especially those from smaller organizations, may lack experience developing and implementing long-term strategic fiscal plans that are critical to effectively sustaining their organizations and the projects that represent their mission. In 2010, NYHealth awarded the Nonprofit Finance Fund a grant to develop and lead a TA workshop for selected NYHealth grantees.
This project provided NYHealth grantees with technical assistance around fiscal planning methods to weather the economic storm. The Nonprofit Finance Fund’s Recession Fundamentals Workshop was a half-day seminar that gave the leadership of grantee organizations the necessary guidance and tools to withstand challenging economic times.
Topics of the workshop included:
- Assessing organizational preparedness;
- Evaluating fiscal risk exposure and tolerance;
- Identifying and quantifying budget options; and
- Communicating organizational financial stories to current and potential funders.