At Its CORE, HF Remains an Institution Builder
Hispanic Federation builds communities by building the capacity of the Latino non-profit network. It’s simple: strong institutions build strong neighborhoods. How do we do that? By providing our network of Latino nonprofits support that sustains and improves their vital work through fund development, financial management, information technology systems, program development and outcomes management.
Grantmaking— The CORE Initiative is Hispanic Federation’s grantmaking program. All of our affiliate agencies are eligible to apply for funds to support needs that typically fall outside the program-driven grants awarded by traditional philanthropies. CORE funds come from the generous support of donors to our annual gala and Morgan Stanley. So far in 2016, HF has awarded over $700K to 60 Latino community-based organizations in New York, New Jersey, Connecticut, Pennsylvania and Florida.
Capacity Building— Human capital is the most important resource available to the Latino nonprofit network. Hispanic Federation’s Entre Familia Nonprofit Learning Series provides our network of agencies and grantees with key professional development opportunities and trainings on a multitude of nonprofit core competencies. Workshops cover topics like event planning, fundraising, financial management, communications, information management, board development and more.
Since January, HF has offered five workshops were offered to HF member agencies and grantees. These sessions, funded in part by individual donors and by the NYC Department of Youth and Community Development, attracted 180 participants from the Latino nonprofit networks of New York, New Jersey, Connecticut and Florida. Eight additional workshops are being scheduled through December 2016.
Communities of Color Nonprofit Stabilization Fund-- In 2014, the New York City Council joined us in our fight for fair funding by establishing the Communities of Color Nonprofit Stabilization Fund, a new program that allowed HF and its partners - Coalition for Asian American Children and Families, New York Urban League, Asian American Federation and Black Agency Executives — to re-grant funds to nonprofits in communities of color who are traditionally excluded from private and public grant-making. Earlier this year, the New York City Council renewed its support for the program for the third time and allocated 2.5 million dollars to the Fund. Nearly $900,000 of this funding will support Latino nonprofits through capacity-building grants.