NYS Health Foundation 2009 Economic Recovery Fund

The NYS Health Foundation has announced a funding opportunity regarding nonprofit reorganizations or mergers for 2009. As the Foundation relates:

According to the Nonprofit Finance Fund, only 12% of nonprofits nationally expect to end this year with an operating surplus compared with 40% in previous years. The effect is felt disproportionately in New York State where sinking revenues from Wall Street have led to budget deficits projected to rise as much as $20 billion in a single year. Such pressures will force organizations to scale back programs, decrease the number of people they serve, and in some cases, close their doors. In addition to service-providing organizations, a range of nonprofit organizations help shape and advocate for effective health services in New York State and they too are at risk.

The turbulent economy creates new incentives for organizations to cooperate. As nonprofit mergers and acquisitions become more common—even among organizations that previously resisted them—other organizations will develop new partnerships to generate efficiencies and share administrative costs, and will engage in internal restructurings to reduce spending on operations, cut administrative costs, and reshape program service delivery.In this time of increased need, NYSHealth will dedicate a portion of its funding to assist New York State’s nonprofit health sector in responding to the economic crisis. NYSHealth will allocate $2 million to finance this economic recovery request for proposals. We will make grants that will help sustain vital organizations while facilitating their transition to new and reorganized forms that should be more sustainable over time. We seek to promote fundamental, lasting changes in organizations that comprise New York’s health services delivery system.

Please click here to download the detailed 2009 Economic Recovery Fund Request for Proposals (RFP).