Visions Realized
At Nonprofits Assistance Fund, we are pleased to partner with many outstanding nonprofit organizations across Minnesota. Through these collaborations, we hope to lay the foundation for a bright financial future.
Our loans and lines of credit
provide working capital that allows nonprofits to realize their visions.
In addition to financial support, we offer hands-on assistance, financial
management tools, and strategic guidance to organizational leaders.
For more information on how a partnership with Nonprofits Assistance Fund can help you achieve your organization’s goals, please explore these stories of visions realized.
Featured Story
Realizing a Debt-Free Future - Penumbra Theatre
“Nonprofits Assistance Fund never judged us, they never meddled or managed; they just helped us through it." Chris Widdess, Managing Director of Penumbra Theatre.
Penumbra Theatre in Saint Paul, MN is one of the country’s preeminent arts organizations rooted in the African American experience. Founded in 1976 by Lou Bellamy, Penumbra has received national acclaim for its artistic vision, groundbreaking productions, the community impact of its education and outreach activities, and its commitment to nurturing artistic talent. Financially, though, Penumbra’s progress has been rough and unstable. In 2003 the board recommitted to Penumbra’s original mission and determined to pay off the $600,000 in accumulated debts. When managing director Chris Widdess joined the theatre in 2004, the organization’s future and long-term viability remained uncertain, although the organization was working to towards short-term sustainability. To make this happen, Chris was given an enormous task – eliminate the remaining $400,000 in debts over the next three years.
To learn how Penumbra realized its vision, continue reading Realizing a Debt-Free Future.