Core Funding

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Public Interest News Network (PINN) is developing a core funding thesis designed to leverage public and philanthropic funding, place-based impact investing and community reinvestment. The plan can include fiscal sponsorship, and we are exploring Opportunity Zones and other place-based investment opportunities for applicability. According to the Oak Foundation, core funding can provide flexibility, empowering nonprofit organizations to focus on their most pressing needs and support their own development and sustainability. 

https://oakfnd.org/what-evidence-is-there-on-the-impact-of-core-funding/

Core funding can also reduce the burden of managing restrictions and bespoke reporting requirements on both sides of the funder/partner agreement. The process should require and can also help to build trust-based relationships between nonprofit and philanthropic organizations. Attribution to the Center for Effective Philanthropy and Capitalize Good for the core funding insight provided in the text and links.

https://cep.org/blog/unlocking-potential-and-supporting-resilience-a-look-at-the-growing-evidence-for-unrestricted-funding/ -  http://www.capitalizegood.org/ 

Teaming up with for-profit investors or organizations can enable nonprofit organizations to provide products or services in a way they might not accomplish on their own. PINN is familiar with the IRS rules and other guidance on structuring these types of relationships. We seek to create a structure that will meet governance and economic goals and minimize risk.