The Nonprofit Finance Fund works to improve the financial aspect of nonprofit organizations. They're a CDFI, which is a designation from the Treasury Department that allows them to do things like give out below-market loans and extend lines of credit to clients that regular banks would find too risky. Besides providing funds, they also do a lot of work training and consulting with nonprofits to help build up the financial acumen of the sector, resulting in healthier organizations able to continue doing good work. NFF is itself a nonprofit, so they are able to appreciate the uniqueness of nonprofit financials first-hand.
NFF does really great work and has carved out a really unique niche for themselves. However, being in a unique niche makes their jobs pretty unique and I'd imagine it will be difficult to find the right person for this position. You need someone with an understanding of nonprofit operations AND experience in lending or banking.
Thursday, December 4, 2008
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