Model


SeaChange helps nonprofits navigate complex challenges while being a partner of choice for funders seeking to help.

We use our financial and transactional experience to guide, bring resources, and make connections for nonprofits.

We develop new mechanisms for funders – both foundations and individuals – to support nonprofits.

We work only in areas where we can be a value-added resource that more than justifies our costs.

We pilot new ideas with our own resources before inviting outside funders to join us in an appropriately structured “fund” which includes the capital (grants or loans) that will be provided to nonprofits and the operating support required to cover SeaChange’s associated costs.

We get a lot done with our lean, high-quality team by partnering with our network of nonprofits, funders and other technical assistance providers wherever possible.

Our diversified revenues, small size, and healthy reserves allow us to be flexible, nimble and risk-tolerant.

Funds

New York City

The New York Pooled PRI Fund (NYPRI)

Loans to Date
30 / $26.7m
Minimum Participation
$500k
Inception Date
2014
Mission
Collectively source, evaluate, make and manage program-related investments for a group of NYC foundations to provide flexible, high-impact loans to nonprofits.
Participants
  • • SeaChange
  • • Altman Foundation
  • • The Carroll and Milton Petrie Foundation
  • • The Clark Foundation
  • • The Heckscher Foundation for Children
  • • Jennifer and Jonathan Allan Soros Foundation
  • • The J.M. Kaplan Fund
  • • Lily Auchincloss Foundation
  • • Mertz Gilmore Foundation
  • • The New York Community Trust
  • • The Thompson Family Foundation
  • • Livelihood Impact Fund
  • • Anonymous Foundation
Instrument
Loans of up to $1.5 million; 1-5 year term; Interest rate ~0%-6%
Goverance
Members Committee
To Learn More, Contact:
Taj Tabassoom
ttabassoom@seachangecap.org

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Greater New York City

Contact Fund

Loans to Date
54 / $17.9m
Minimum Participation
$25k
Inception Date
2005
Mission
Flow capital from socially-motivated individual investors into nonprofits serving low-income communities in New York City and the surrounding metropolitan area.
Participants
  • • SeaChange
  • • ~50 Socially Motivated Individuals
Instrument
Loans of up to $600,000; 1-5 year term; Interest rate ~5%-6%
Goverance
Sole Member / SeaChange
To Learn More, Contact:
Minji Kim
mkim@seachangecap.org

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New York City

The New York Impact Opportunities Fund (NIO)

Investments to Date
2 / $2.87m
Minimum Participation
$500k
Inception Date
2021
Mission
Make investments offering both social and financial returns into entities providing material benefits to New Yorkers and New York and increase the amount of such investments by reducing the friction associated with their origination, evaluation, execution, and management.
Participants
  • • SeaChange
  • • Altman Foundation
  • • The New York Community Trust
Instrument
Loans, equity, profit-participations
Goverance
Investment Committee
To Learn More, Contact:
Taj Tabassoom
ttabassoom@seachangecap.org

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New York City

NYC Bridge Funding for the Arts (NYCBFA)

Loans to Date
7 / $209k
Minimum Participation
N/A
Inception Date
2023
Mission
Provide short-term, below-market loans to New York City nonprofit arts and culture organizations that are members of A.R.T./New York
Participants
  • • SeaChange
  • • Alliance of Resident Theatres/New York
Instrument
Loans of up to $50,000; 6-12 month term; Interest rate 5%-7%
Goverance
SeaChange / A.R.T./NY
To Learn More, Contact:
Taj Tabassoom; Minji Kim; Sophia Radis
NYCBFA@seachangecap.org

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New York City

New York Shelter Acquisition and Predevelopment Fund (NYSAPF)

Loans to Date
1 / $3.75m
Minimum Participation
N/A
Inception Date
2023
Mission
Provide short-term, below-markets loans to nonprofit entities that are in negotiations with the NYC Department of Homeless Services to build, own, and operate homeless shelters
Participants
  • • New York Pooled PRI Fund (NYPRI)
  • • Jennifer and Jonathan Allan Soros Foundation
  • • Reed Community Capital Management
  • • New York City Housing Development Corporation (NYC HDC)
Instrument
Loans of up to $3.75m; 12-18 month term; Interest rate 7%
Goverance
Credit Committee
To Learn More, Contact:
John MacIntosh
jmacintosh@seachangecap.org

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National

SeaChange-Lodestar Fund for Nonprofit Collaboration

Grants to Date
179 / $3.1m
Minimum Participation
N/A
Inception Date
2009
Mission
Encourage and support alliances, mergers, joint-ventures, and others types of formal, sustained long-term collaborations between nonprofits
Participants
  • • SeaChange
  • • The Lodestar Foundation
Instrument
Seed, Exploratory and Implementation Grants
Goverance
SeaChange / Lodestar
To Learn More, Contact:
Lindsay Kijewski
lkijewski@seachangecap.org

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Greater Philadelphia (Five Counties)

The Greater Philadelphia Nonprofit Repositioning Fund (NRF)

Grants to Date
97 / $2.2m
Minimum Participation
$30k
Inception Date
2015
Mission
Encourage and support alliances, mergers, joint-ventures, and others types of formal, sustained long-term collaborations between nonprofits
Participants
  • • SeaChange
  • • The Barra Foundation
  • • Comcast NBC Universal Foundation
  • • Connelly Foundation
  • • HealthSpark Foundation
  • • The Lodestar Foundation
  • • The Philadelphia Foundation
  • • Scattergood Foundation
  • • William Penn Foundation
Instrument
Seed, Exploratory and Implementation Grants
Goverance
Governance Committee of Funders
To Learn More, Contact:
Lindsay Kijewski
lkijewski@seachangecap.org

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New York City

New York Merger and Collaboration Fund (NYMAC)

Grants to Date
78 / $2.3m
Minimum Participation
$25k
Inception Date
2012
Mission
Encourage and support alliances, mergers, joint-ventures, and others types of formal, sustained long-term collaborations between nonprofits
Participants
  • • SeaChange
  • • Altman Foundation
  • • Booth Ferris Foundation
  • • The Clark Foundation
  • • The Heckscher Foundation for Children
  • • The Jeffrey H. and Shari L. Aronson Family Foundation
  • • The Lodestar Foundation
  • • The New York Community Trust
Instrument
Seed, Exploratory and Implementation Grants
Goverance
Investment Committee
To Learn More, Contact:
John MacIntosh
jmacintosh@seachangecap.org

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Higher Education

Transformational Partnerships Fund (TPF)

Grants to Date
29 / $1.8m
Minimum Participation
$500k
Inception Date
2021
Mission
Provide colleges and universities support to explore student-centric partnerships that could meaningfully transform how they operate. Learn more at www.higheredpartnerships.org.
Participants
  • • SeaChange
  • • Ascendium Education Group
  • • ECMC Foundation
  • • The Kresge Foundation
Instrument
Grants of up to $100,000 to support partnerships between institutions of higher education.
Goverance
Governance Committee of Funders
To Learn More, Contact:
John MacIntosh
jmacintosh@seachangecap.org

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Funders Login


If you are a NYPRI funder, please enter your login credentials to access fund materials. Please reach out to Minji Kim at mkim@seachangecap.org if you need access to the portal.

We Welcome Your Support


We can only help nonprofits because of financial support from foundations and socially-motivated individuals. If you believe in nonprofits and in our approach, we'd welcome you to join us as a "Friend of SeaChange". If you are involved with a nonprofit that SeaChange has helped, please consider "paying it forward" so that we can help others. Please email us to learn more about joining our funds.

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SeaChange Capital Partners, Inc. (“SeaChange”) is a Delaware non-stock corporation classified as a public charity that is tax-exempt under section 501(c)(3) of the Internal Revenue Code with EIN 20-5124665.

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