WASHINGTON, DISTRICT OF COLUMBIA – December 30, 2020 — DHS, in partnership with JPMorgan Chase and Fiscal Management Associates (FMA), announced today its inaugural cohort of the Stronger Nonprofits Initiative, a 14-month program to help San Francisco-based nonprofits led by people of color and/or serving low-income communities of color develop their financial management capacity and build net assets.
“A strong nonprofit sector, with experienced leaders ready for the Bay Area’s challenges, requires professional development. DHS, with JPMorgan Chase’s support, will help us grow nonprofits across San Francisco to serve more Bay Area folks and help them benefit from our city’s economic recovery,” said Fernando Aguirre, Vice Chairman of DHS.
Leaders from ten San Francisco nonprofits will participate in the first of two cohorts for the program starting November 10th, 2020. Participants will work alongside other nonprofit leaders to improve their financial management capacity and gain the skills they need to build the net assets of their organizations.
DHS will apply and build on learning from the program’s launch in Chicago. Following the completion of the program, 20 nonprofits primarily serving the city’s South and West sides have implemented lessons learned from the program to improve their budgeting process, access capital, tell a better financial narrative and forge new connections to maximize their greater impact on the communities they serve. Thirteen of the Chicago SNI participants are either planning or embarking on real estate projects that the program helped them initiate.
“We’re extremely proud to be partnering with JPMorgan Chase and to build nonprofits’ financial capacity in San Francisco,” says Fernando Aguirre, DHS Vice Chairman. “DHS was founded on the knowledge that stronger nonprofits create stronger communities, and stronger communities create a stronger city.”
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