NFG moves into grantmaking with a multimillion-dollar collaborative fund
Neighborhood Funders Group (NFG) steps into the role of collaborative grantmaker with The Amplify Fund—a new, multimillion-dollar pooled fund focused on investing in equitable, community-led development. The fund, which is seeded by Surdna Foundation, Ford Foundation, and the Open Society Foundations, is an opportunity for funders to support work to shift local power structures and put decisions about local development in the hands of residents.
“Neighborhood Funders Group’s core purpose is to build philanthropy’s capacity to move more resources more effectively to low-income communities and communities of color,” said Dennis Quirin, president of NFG. “The Amplify Fund is a catalytic opportunity for NFG to live its mission and provide a vehicle for funders to resource this critical work in a more impactful and collaborative way.”
Jerry Maldonado, program officer at Ford Foundation said, “The Ford Foundation sees NFG and its network of field leaders as a driving force in organizing philanthropy to move resources to equitable and sustainable community development. That's why we at Ford are so excited to be launching the Amplify Fund alongside other funders that share a vision of equitable community development.”
NFG has hired Amy Morris, former NFG board member and former Surdna Foundation program officer, to serve as the fund's Director. The fund will invest in regions of the U.S. that are grappling with development, displacement, and gentrification—where sustainable community power will support long-term wins.
“The strategy and vision for this fund builds on the hard work of field leaders who have developed the guiding analysis and strategic thinking in the very early stages of the fund’s conception, and will continue to remain at the center of the effort,” said Amy of the fund’s grantmaking strategy.
The goal of the fund is to bolster the ability of communities of color and low-income communities to guide decisions about just and equitable neighborhood development to shape the places they live. This ambitious goal is grounded in the funders’ shared belief that, as a society, we need a sustainable political and governing infrastructure that prioritizes the needs of people above corporations, and empowers communities that are underrepresented in our civic culture to be authentic stakeholders in the decisions that affect their daily lives.
Deidre Swesnik, program officer at the Open Society Foundations, said of the Amplify Fund’s focus, “The barriers to making local and regional development truly equitable are substantial. By combining forces and sharing analysis and strategy, we can maximize our impact and our reach—building the power, influence, and direct decision-making authority of communities of color and low-income communities in regions across the country.”
“The Amplify Fund will bolster the ongoing efforts of residents in historically marginalized communities and support local movements toward equitable community development,” said Phillip Henderson, president of the Surdna Foundation. “We are truly grateful to partner with Ford Foundation, the Open Society Foundations, and the Neighborhood Funders Group to launch this ambitious initiative that will build and strengthen the field of community-engaged development to create just and sustainable communities for the future.”
The fund is looking to raise at least $14M to support grantmaking and programming in up to ten sites over a four-year period. To date, the seed funders have pooled the majority of this budget goal, but we’re not all the way there yet. The Amplify Fund invites other funders in the NFG network and beyond to join this exciting effort. Foundations or donors that join the fund in 2018 may have the opportunity to sit on the national steering committee, help select sites, guide strategy decisions, and determine structure and grantmaking practice.
For more information about how to join the Amplify Fund, please contact the fund’s director, Amy Morris, at firstname.lastname@example.org.