Foundation Modifies Transitional Operating Support

In response to the challenges created by the current economy, the Hartford Foundation for Public Giving has set aside $2.5 million for agencies requiring transitional operating support.  In addition, the allowable grant amount was increased, as was the percentage allowed for overhead costs.

The purpose of transitional operating support is to help agencies experiencing a sudden loss of funding for a key program to continue the program with the aim of ultimately sustaining it, or to phase it out in a responsible manner.  The Foundation has identified three levels of priority for agencies requesting such support:  1) agencies providing critical basic human needs to indigent and working poor individuals; 2) agencies providing services, such as health, education, literacy and legal services to vulnerable and disadvantaged populations; and 3) agencies providing services that impact the quality of life and the region's economy.  

If your agency has experienced sudden loss of funding for a key program, you may be eligible for transitional operating support.  The program has been modified to allow the following: 1) grants of up to $200,000, with most grants not exceeding $150,000, over a 12-month period; 2) 35 percent for overhead costs; 3) agencies may apply for a second year of funding, where appropriate; and includes 4) access to Nonprofit Support Program or other support to help resolve organizational issues that may impede progress to sustain funding.  If you think this program could be helpful to you, contact the Foundation and ask to speak with a program officer to help you determine your eligibility.