Catalytic Capital | December 16, 2017

Nonprofit Finance Fund introduces loan fund for California nonprofits

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The $13 million Aim Healthy Fund provides a new source of financing for the state’s community health organizations, including those focused on behavioral health, homelessness, food as medicine and other social determinants of health.

Organizations will use funds to expand programs, pilot new care and payment models, upgrade systems and facilities and hire staff, with the goal of reducing health disparities and improving outcomes in low-income communities.

The fund is backed by Blue Shield of California Foundation, the California Community Foundation, the California Endowment, Dignity Health, and the Kresge Foundation.

“Nonprofits have a critical role to play in advancing better health outcomes in America’s underserved communities,” said Antony Bugg-Levine, CEO of NFF.