NYMAC makes three types of grants – seed, exploratory, and implementation – to help cover the one-time out-of-pocket costs associated with exploring or completing a transaction. Although NYMAC will consider transactions in every issue area and involving organizations of all sizes, it only makes grants in situations where independent, flexible, and fast funding can play a material role in the exploration, structuring or successful completion of a transaction. The Fund will not consider transactions that have been completed, or that appear to be on-track and well-funded. As a neutral, credible, experienced outside party willing to invest time and money, NYMAC seeks to work constructively with the funders, boards, and leaders of organizations considering transactions as a catalyst for sensible action.
In addition to making grants, NYMAC is active in building the field of nonprofit collaboration in conjunction with funders, umbrella groups, technical assistance providers, and government agencies.
NYMAC was established in 2012 and since that time has evaluated more than 100 opportunities and funded more than 25 transactions. NYMAC’s participants include Altman Foundation, The Booth Ferris Foundation, The Clark Foundation, The Heckscher Foundation for Children, The Lodestar Foundation, The New York Community Trust, SeaChange, and a number of committed and connected New Yorkers.