November 12, 2009
Grant Makers Offer Financial Advice and Credit to Cash-Strapped Charities
To help cash-strapped charities in Los Angeles, a new foundation partnership offers lines of credit to nonprofit groups, while also teaching them how to avoid the mistakes that could lead to long-term debt problems.
The California Community Foundation, the Bank of America Charitable Foundation, and other funds are supporting the $6-million program, which will provide capital loans to charities. The Nonprofit Finance Fund also provides financial advice through workshops and one-on-one
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