The New York Merger, Acquisition, and Collaboration Fund
The foundation invested with SeaChange in its New York Merger, Acquisition and Collaboration Fund (NYMAC) to support organizations that meet the foundation’s youth-focused mission. NYMAC makes grants to encourage and support mergers, acquisitions, joint ventures, and others types of formal, long-term collaborations between nonprofit organizations working in New York City.
Nonprofits often struggle with issues related to insufficient scale, duplicative efforts, leadership succession, limited funds, and high fundraising costs, which reduce the resources devoted to achieving their missions. To counter these challenges, SeaChange promotes collaboration through mergers and acquisitions, back office consolidations, or programmatic alliances. These powerful, underutilized tools enable nonprofits to increase their impact and sustain their missions by becoming more effective, efficient, and stable. Combinations are particularly critical in a funding environment in which public/private funding matches have become more difficult to secure.