Child Care & Youth Services
Over the years, we've frequently worked with groups of funders to craft Special Initiatives for child care providers. Our Initiatives have pooled funds from foundations, government, and CDFIs while combining a variety of consulting support to help child care providers improve the quality of facilities and programs.
Philadelphia Child Care Initiative (2003- )
The Child Care Initiative is dedicated to providing capital, capacity-building services, and technical assistance to nonprofit child care centers and out-of-school time service providers seeking to improve the quality of their programs and facilities. This initiative is a vital resource in building a sustainable child care system that will provide all of southeastern Pennsylvania’s children with access to high-quality early learning environments. With support from the William Penn Foundation, City of Philadelphia, United Way of Southeastern Pennsylvania, Wachovia Regional Community Development Corporation, Pennsylvania Department of Community & Economic Development, John S. and James L. Knight Foundation and Samuel S. Fels Fund, over $11.7 million in grants and loans have been invested to improve child care in the region.
Child Care Expansion Consortium (CHEX)
In comparison to other nonprofit groups, child care providers often have very small or nonexistent surpluses or profits and highly fragmented and sometimes unpredictable sources of funding. This financial condition creates a barrier to receiving financing from banks and CDFIs and prevents child care providers from expanding their programs or facilities, despite increasing service demand.
To help child care providers and lending institutions overcome this barrier, NFF worked with a group of banks and CDFIs in a program called the Child Care Expansion Consortium (CHEX). CHEX provided credit enhancement to individual child care providers in New York State seeking to borrow. The CHEX loan guarantees spurred investment by banks and other lenders, which ultimately helped childcare providers expand programs and serve more children.
Building Reserves for Boys and Girls Clubs
NFF developed a $4.5 million Initiative to help Boys and Girls Clubs in Boston, New York and New Jersey develop reserve funds for facility maintenance. Developed in partnership with the Charles Hayden Foundation, the Citigroup Foundation, and the United States Treasury's Community Development Financial Institutions Fund, the program's centerpiece is NFF's asset-building financial service called Building for the FutureSM (BFF).
BFF was developed in response to our experience (and that of our funders and youth-servers) that sound facilities management practices were difficult for youth-servers to sustain without the support and incentive of their funders. The BFF model offers matching grants as a financial incentive to encourage nonprofits, their funders, and financial advisors, to commit to a structured long-term program of building maintenance.
Management Initiative for Youth-Servers
NFF's extensive track record assisting youth-servers dates back to 1991, when we partnered with the Fund for the City of New York and the DeWitt Wallace-Reader's Digest Fund to create the "Management Initiative for New York City Organizations that Serve Youth." This collaborative sought to bolster the managerial capacity and infrastructure of 20 community-based youth serving organizations in New York City.