The Communities of Color Nonprofit Stabilization Fund, the first of its kind in New York City, is designed to help small nonprofits build capacity. To be eligible, nonprofits must serve communities where at least 51 percent of residents are people of color, and they must have demonstrated an effort to reach out to communities of color in selecting their leadership and board of directors. Funds can be used to support database management, to develop and train leadership and to conduct financial assessments, among other projects, according to grant application materials. Organizations with budgets of less than $2 million are given preference in the application process.
Last February, 80 nonprofits throughout New York City received a total of $2.5 million in funding to invest in capacity building and infrastructure projects during the first year of the grant. This February, an additional $2.5 million was awarded.