Greater Pittsburgh Nonprofit Partnership (GPNP) and The Forbes Funds are encouraging local nonprofit organizations to prepare for the impact of a delayed passage of Pennsylvania’s budget. The Forbes Funds, which focuses its grantmaking on building nonprofit capacity, has compiled six key steps for nonprofits bracing for a delayed budget. Additionally, Forbes Funds has worked with Bridgeway Capital to create a short-term lending fund for nonprofit organizations negatively affected by a state budget delay. For details on this new short-term lending option, please contact info@forbesfunds.org.
“Nonprofit organizations that receive state money should take precautionary measures in order to avoid disruptions and damage as a result of a delay. Key tactics may include delaying purchases and new hires, creating a financial scenario plan, as well as consulting with banks and funders,” said Samantha Balbier, executive director of GPNP.