FUND FOR THE CITY OF NEW YORK INC

New York, NY   |  www.fcny.org

Mission

The Fund for the City of New York was established by the Ford Foundation in 1968 with the mandate to improve the quality of life for all New Yorkers. For over five decades, in partnership with government agencies, nonprofit institutions and foundations, the Fund has developed and helped to implement innovations in policy, programs, practices and technology in order to advance the functioning of government and nonprofit organizations in New York City and beyond.

Ruling year info

1982

President

Lisette Nieves

Main address

121 Avenue of the Americas 6th Floor

New York, NY 10013 USA

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EIN

13-2612524

NTEE code info

Nonprofit Management (S50)

Government and Public Administration (W20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Sloan Public Service Awards

Since 1973, the Fund has recognized City employees at all ranks and levels of government through its Sloan Public Service Awards, widely regarded as the Nobel Prizes of City government. This program annually honors six outstanding civil servants whose work performance and commitment to the public transcend not merely the ordinary but the extraordinary-- day after day and year after year. In honoring these winners, the Fund also acknowledges the contributions of the many thousands of dedicated public servants who, with integrity and devotion, perform the work that keeps this complex city running.

Population(s) Served

The Fund created the Incubator/Partner Project Program in the early 1990s to provide support to start-up organizations so they can concentrate their energy and resources on program and fundraising, Too often, promising ideas fail to take root because the task of setting up administrative systems is time–consuming and difficult.

The Fund's Incubator Program provides financial management services, including monthly expense and revenue reports and financial reports for funders and audits. It also provides insurance coverage and a comprehensive array of employee benefits. Being in the incubator program gives you access to a chief financial officer, comptroller, auditor, financial manager, payroll clerk, accounts payable department, human resources experts, lawyer and nonprofit coaches.

The Partner Project Program welcomes inquiries from leaders who:
- Are starting a new project
- Have an established organization but find themselves diverted from their mission because of unrelenting back office and administrative demands
- Want to "outsource" their fiscal, administrative and human resource functions

Population(s) Served

The Fund created the Cash Flow Loan Program in 1976 to provide bridge financing to nonprofit organizations waiting for committed funds from government and foundations. Nonprofit organizations depend on funding from private and government sources to deliver vital services. It can be weeks or months before an organization receives the contract monies needed to launch a program, continue expected services, compensate staff, purchase supplies and pay bills. A bridge loan allows the organization to continue operating without a disruption of services.
With its quick processing time, minimal service charge and no interest, the Cash Flow Loan Program plays an invisible but vital role in keeping many nonprofits functioning smoothly. The program lends about $20 million a year to approximately 400 organizations. The Fund provides cash flow loans through four programs: Operating Loans,  the Returnable Grant Fund, Mellon Capital Bridge Financing for Performing Arts Institutions and Capital Loans for Equipment Purchase through DDC. Altogether, it has lent a quarter of a billion dollars since 1976, with a default rate that would be the envy of any bank—less than one-fifth of one percent.

Population(s) Served

In November 2009, the Fund for the City of New York, along the Alfred recognized the first winners in the its new program: the Sloan Awards for Excellence in Teaching Science and Mathematics in New York City Public High Schools. Its purpose is to recognize creative mathematics and science teachers who achieve superb results and inspire young people to pursue careers in science and mathematics.
Each year, seven awards are given. Each teacher receives $5,000 and the school's science or mathematics department receives $2,500 to be used to strengthen their program.
To qualify for nomination, a teacher must be a New York City high school math or science teacher for at least five years, must teach at least four periods a day, and demonstrate excellence in teaching and in achieving results. The winners are chosen by an independent panel of distinguished scientists, mathematicians and educators.
Among the criteria to be used in the evaluation of the candidates are:
• Student achievement, progress and outcomes • Teaching style and effectiveness • Innovation and creativity in the classroom environment • Extracurricular mathematics or science activities for students • Success in motivating students with diverse or special backgrounds • Use of technology where appropriate • Promotes mathematics and science inside and outside the school • Encourages students to pursue careers in science and mathematics, including teaching

Population(s) Served

For over thirty years, the Fund for the City of New York has been pioneering the development of emerging technology for public-minded missions. In the 1970's, the Fund began working with mainframe computers to create Sanitation Scorecard, the first systematic methodology that used direct observation to measure government services in the United State. Sanitation Scorecard remains a vital tool for New York City government and is currently managed by the Mayor's Office of Operations.
In the mid-1980's, the Fund shifted to innovative applications of personal computers to help government agencies streamline operations, expand services and improve performance. In 1985, the Fund, with its partner, the Office of Pupil Transportation of the New York City Board of Education, placed first in the Microsoft Windows World Open, for the best use of technology to improve government or nonprofit performance in the U.S.  
With the emergence of the Internet in the 1990's, the Fund shifted its primary technology focus to the development of Web-based applications to streamline operations and build capacity for nonprofit organizations. In 2000, Fast Company Magazine named the Fund one of the 16 "fastest" technology companies in the U.S.

Population(s) Served

Where we work

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Financials

FUND FOR THE CITY OF NEW YORK INC
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Operations

The people, governance practices, and partners that make the organization tick.

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FUND FOR THE CITY OF NEW YORK INC

Board of directors
as of 12/15/2020
SOURCE: Self-reported by organization
Board chair

Michael Arad

Handel Architects

Lisette Nieves

Fund for the City of New York

David Steinberger

Arcadia Publishing

Dana Buchman

Promise Project

Michael Arad

Handel Architects

Ester Fuchs

Columbia University

Linda Lausell Bryant

New York University

Georgia Boothe

Children's Aid Society

Robert Tierney

NYC Landmarks Preservation Commission