FUND FOR THE CITY OF NEW YORK INC

The Fund created the 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 Partner Project 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 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 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 $100 million a year to approximately 400 organizations.

The Sloan Awards for Excellence in Teaching Science and Mathematics recognizes creative mathematics and science teachers who achieve superb results and inspire young people to pursue careers in science and mathematics in New York City Public High Schools.

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.