The Catalyst Fund for Nonprofits was created to demonstrate how strategic mergers and collaborations can help nonprofits pursue their missions. The Fund's new report, Advice to Strengthen Strategic Mergers and Collaborations, captures knowledge and experience gained from five years of work with more than 80 Boston-area nonprofits. The free, online resource includes "four truths of nonprofit collaborations" as well as step-by-step guidance for nonprofits, and reflections from funders on support for this work.
The Catalyst Fund's primary goals were to give nonprofits dedicated resources for exploring strategic partnerships and to challenge misconceptions about mergers as a sign of fiscal distress. The Fund was itself a collaboration of The Boston Foundation, LISC Boston, The Hyams Foundation, The Kresge Foundation and United Way of Massachusetts Bay and Merrimack Valley, managed by Nonprofit Finance Fund. Catalyst Fund grant awards resulted in 20 collaborative ventures, including 13 mergers. An additional six ventures are still in exploratory phases.