Nonprofit Finance Fund Awarded $1 Million by Trinity Health to Support Michigan Nonprofits

U.S. Newswire › August 02, 2010

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Funds to Strengthen Financial Health of Local Community Organizations

DETROIT, Aug. 2 /PRNewswire-USNewswire/ -- Nonprofit Finance Fund (NFF) has been awarded $1 million from Trinity Health in Novi, Michigan, to improve the access to capital for Michigan nonprofits. NFF will use this investment to provide loans to nonprofit organizations in southeast Michigan, the home of seven of Trinity's 47 hospitals. The funds will be used to finance community facilities projects and organizations working in low-wealth communities, providing working capital for construction of buildings, facilities improvements, and equipment purchases.

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Nonprofit Finance Fund Awarded $1 Million by Trinity Health to Support Michigan Nonprofits

The Michigan Nonprofit Association has reported that nonprofit organizations generate more than $108 billion each year in overall economic activity. More than $60 billion of it is in direct expenditures, which creates indirect...

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