SeaChange Capital Partners

Listen to the latest episode of Vital City’s podcast, with James Rubin in conversation with John MacIntosh of SeaChange Capital Partners, about what the City and private players can do to help the nonprofit sector. https://lnkd.in/eqFPDiNe

It was wonderful to gather last week at the American Irish Historical Society with our board members, supporters, borrowers, grantees, and fellow travelers in the nonprofit ecosystem that SeaChange has?worked with over the past year. At this moment, it seems like a guilty pleasure to have had a good time; but we had one.?We were also pleased to have been able to recognize Bo Cutter, who has done so much for SeaChange over more than a decade (thanks, Bo!). For many nonprofits, winter is coming, but we stand ready to do all we can to help them navigate whatever financial & organizational challenges they are facing, so please do not hesitate to reach out. More information is available at www.seachangecap.org. ? Thank you for attending, and we look forward to seeing you next year. - John, Taj, Lindsay, Minji, Steph, Ananya, Annabel, Caylene, and Alex

The SeaChange team was overjoyed to attend The Bushwick Starr's Grand Opening Gala in its new home at 419 Eldert Street last night, celebrating the beautiful community & performance space and the contributions of their board chair emeritus (and newest SeaChange board member) David Jeffrey Ringer ??. SeaChange is grateful for the opportunity to have supported the acquisition of The Starr's permanent space and their working capital needs. We are so excited to see all of the wonderful work that will be coming out in their 2024-25 season - please consider supporting them (https://lnkd.in/eha5wPqU) or attending a performance (https://lnkd.in/eYf_SxqP). Many thanks to David, Noel Allain, and all of the other fantastic folks at The Bushwick Starr for having us.

John MacIntosh's open letter to Mayor Adams: Pay Your Damn Bills. Read it on NYN Media: https://lnkd.in/eXMWwe-W

This year, Water for Good merged with Lifewater International for one powerful reason: we're better together. Better at scaling access to sustainable water. Better at improving childhood health outcomes. Better at transforming communities for a thriving future. As we move forward on our new path as one organization, Water for Good would like to thank the SeaChange-Lodestar Fund for Nonprofit Collaboration for supporting our merger. With their support, we can provide even more reliable access to safe water, sanitation, and hygiene in Ethiopia, Central African Republic, Uganda, Tanzania, and Cambodia.

We are very happy to have a spotlight on one of our newest funds: The New York Shelter Acquisition and Predevelopment Fund (NYSAPF), a combination of $5 million in "first-loss" capital from the City of New York and $10 million in philanthropic, program-related investment capital to provide short-term, below-market loans to nonprofit homeless shelter operators. The NYSAPF closed its first loan of $3.75 million to the Urban Resource Institute to develop, own, and operate a state-of-the-art, 84-unit shelter facility in Harlem (scheduled to be completed by Spring 2026). “SeaChange is honored to support URI and DHS in building a safe, high-quality shelter in?Harlem?serving New York’s most vulnerable families," said?SeaChange Partner Taj Tabassoom. "In addition to housing, URI will provide wraparound support services to meet the needs of its residents. This project underscores the importance of supporting mission-driven operators like URI, whose dedication and expertise are essential in addressing the complex challenges of homelessness.” https://lnkd.in/ecdcNhZw https://lnkd.in/eTPd36GY

In light of recent closures in the Philadelphia nonprofit community, SeaChange's John MacIntosh shares his thoughts in a commentary piece in NYN Media: "When a nonprofit should - or shouldn't - grow" Real estate challenges, leadership transitions, funder relationships, and government payment delays can all greatly affect a nonprofit's strategy towards "growth." Through insights gained from SeaChange's lending, grantmaking, and advisory work, the article highlights the careful considerations nonprofits have to make to ensure long-term sustainability. https://lnkd.in/e4WuDVAA

SeaChange’s Lindsay Kijewski will be a featured speaker at next week’s lunch & learn, “Keep Calm and Steward On: Governance and Finance in Uncertain Times,” hosted by AllianceBernstein. It will be held virtually via Zoom on Tuesday July 30th from 12:00pm to 1:00pm ET. The event invites nonprofit staff, board members, and supporters to come together to hear about the current state of the Philadelphia nonprofit sector, share best practices, and learn about available resources to bolster organizational strength. Register here: https://lnkd.in/eUSSSvq5

In a new opinion article in Generocity, SeaChange's Lindsay Kijewski shares advice for nonprofit board members in response to Philadelphia's recent wave of abrupt nonprofit closures. "Nonprofit work takes fortitude, tenacity, and resourcefulness, but Philly’s nonprofit leaders possess these qualities in spades. [...] Yet, unplanned closures leave gaps in community resources that are difficult to fill." https://lnkd.in/eXhdBdPv

SeaChange is happy to share this useful resource created by BDO USA with support from The Robin Hood Foundation: “Nonprofit Lending Landscape Analysis” [https://lnkd.in/e-4YsTMw] ? The report spotlights critical issues facing nonprofits in New York City with respect to contract procurement and outlines potential financing solutions to address cash flow challenges caused by delayed registration and payment. We are grateful to be featured as a resource and to have contributed to the study.?