Staunton Farm Foundation and The Forbes Funds announce additional funding to support non-profit agencies during state budget impasse
PITTSBURGH, PA, November 5, 2015 – The Forbes Funds is pleased to announce the Staunton Farm Foundation will provide $50,000 in grants to support local nonprofits by covering interest costs incurred from loans taken out due to the state budget impasse. The grants are available exclusively to organizations that provide mental illness and/or substance use disorders services, and will be limited to a maximum of $5,000 per organization.
“Behavioral health organizations in our region are in danger of running short of funds due to the budget impasse,” said Joni Schwager, executive director, Staunton Farm Foundation. “This is a real life and death situation for those who rely on behavioral health services to maintain their recovery. We are providing bridge grants to support the local organizations carrying out this important work.”
Governor Tom Wolf and the Pennsylvania Legislature have yet to pass a budget for the 2015-2016 fiscal year, which prevents the state from reimbursing nonprofit organizations for the important services they provide to their consumers. Many of these service providers, who rely on state payments to support large portions of their work, have taken out loans in order to keep their doors open. As the impasse stretches into its fifth month, the interest on these loans will create significant additional costs for the agencies.
According to a recent survey from the Greater Pittsburgh Nonprofit Partnership, a program of The Forbes Funds, 86 percent of human service and community development agencies are experiencing cash flow issues as a result of the impasse.
“The funding provided by the Staunton Farm Foundation addresses a significant need in the nonprofit community,” said Kate Dewey, president, The Forbes Funds. “We are glad to partner to provide these grants as part of our continuing efforts to support organizations suffering from the budget crisis through financial training, access to capital, and advocacy.”
The Forbes Funds offers financial training specific to the budget impasse as part of its many programs to develop the capacity of regional nonprofits. The Forbes Funds has also worked with Bridgeway Capital to create a short-term lending fund for nonprofit organizations negatively affected by a state budget delay. Currently, approximately $3 million in funding is being provided to local agencies.
The Forbes Funds’ Greater Pittsburgh Nonprofit Partnership (GPNP) has also convened a coalition of over 400 agencies to advocate for a negotiated final budget that funds essential services. Since July 1, GPNP and its members have met with key regional legislators, made state budget advocacy a focus of GPNP’s 2015 Summit, and conveyed GPNP’s message through traditional and social media channels.
To learn more, please visit forbesfunds.org/interest.
The Forbes Funds builds the management capacity and impact of community-based nonprofits individually and collectively. A supporting organization of the Pittsburgh Foundation, The Forbes Funds has more than 30 years of experience in providing technical assistance, research, and leadership to advance a more effective and sustainable nonprofit sector. Additional information is available at forbesfunds.org, or on Twitter @forbesfunds.
The Staunton Farm Foundation is a private family foundation that has been giving mental grants in SWPA since 1937. The foundation envisions and invests a future where behavioral health is understood, accepted and supported. Learn more at stauntonfarm.org.