Meet the Moment

New York City’s nonprofits are operating in a climate of deep uncertainty and mounting financial pressure – from the direct and indirect effects of federal funding cuts, to continued delays in city and state reimbursements – all amid rising demand for their services. To support organizations navigating these challenges, SeaChange Capital Partners, in partnership with Altman Foundation, the Jennifer and Jonathan Allan Soros Foundation, Lily Auchincloss Foundation, Livelihood Impact Fund, the New York Community Trust, the Thompson Family Foundation, and United Neighborhood Houses, has launched the Meet the Moment Fund to provide rapid, flexible financing to human service nonprofits in New York City. Human service nonprofits include organizations serving New Yorkers through community development and housing assistance, child, youth, and family services, senior services, health and mental health care, domestic violence and victim services, workforce development, and related fields.

The fund provides short-term loans of up to $500,000, with terms of up to two years, to meet the emergency working capital needs of organizations facing funding disruptions or significant payment delays that pose a near-term risk to operations or the organization’s viability. Loans will help stabilize operations for organizations experiencing cash flow challenges due to delayed funding and in cases of permanent funding loss, provide runway to undertake strategic transitions, including mergers, collaborations, asset sales, program transfers, restructurings and responsible wind-downs. Funding is not available to refinance existing debt.

Loan applications will be accepted on a rolling basis here. Reach out to MTMFund@seachangecap.org with any questions.

“Every day, nonprofits across our city step up for children, families, and seniors — providing housing, childcare, elder care, food assistance, and mental health supports — even as they face mounting financial strain and increased demand. The Meet the Moment Fund will help these essential organizations gain more flexibility as they navigate cash flow challenges and continue delivering the services New Yorkers depend on,” said Deborah Velasquez, President of Altman Foundation.

“The current environment calls for coordinated action,” said Alex Herzan, President of the Lily Auchincloss Foundation. “By partnering together in the Meet the Moment Fund, we can equip New York City nonprofits with the resources they need to weather uncertainty and disruptions and keep serving the communities who count on them.”

“Nonprofits are the beating heart of our city, and never more so than during times of increasing challenges. New Yorkers turn to them to advocate for their interests, offer creative outlets, foster community, and address basic needs,” said Shawn Morehead, Executive Vice President and Chief Program Officer of the New York Community Trust. “SeaChange is a trusted partner in providing pivotal support to nonprofits, and The Trust is honored to join its Meet the Moment Fund at this critical time.”

“New York City’s nonprofits play a vital role in our community, and their staff and supporters demonstrate extraordinary dedication and care every day. We’re proud to support the Meet the Moment Fund as it helps these organizations continue their essential work for New Yorkers,” said Jonathan Soros, Chairman of the Jennifer and Jonathan Allan Soros Foundation.