NEWS ARTICLE: Foundations offer loans as a way to help nonprofits - - Community Health Foundation - community healthcare, health, healthcare, mental health, elderly healthcare, quality healthcare, health promotion, public health research, Buffalo, NY, WNY, Western New York, Syracuse, Central New York, Health Leadership Fellows, Quality Improvement Collaborative, Frail Elders, Frailty, Children in Poverty, Neighborhoods, Transitions of Care, Care Transitions, Powerful Tools for Caregivers, CNY, Sharing Your Wishes, Nuts & Bolts, Safety-net, Safety net, school health, Asthma, Ann Monroe, Sharon Falkowski, Amber Slichta, Carol Rende, Denise Levy, Kent Arnold, Christine Klotz, Virginia OehlerJames Abbott, Stephen Ames, Marilyn Baader, Robert Bennett, George Deptula, Louis Dudek, Catherine Gale, Lito Gutierrez, June Hoeflich, Robert Ludwig, James Magavern, Edward Marine, James Nolan, Peter O’Neill, Margaret Paroski, Kathryn Ruscitto, Stephen Suhowatsky, Maurizio Trevisan, Thomas Wolff - Community Health Foundation - community healthcare, health, healthcare, mental health, elderly healthcare, quality healthcare, health promotion, public health research, Buffalo, NY, WNY, Western New York, Syracuse, Central New York, Health Leadership Fellows, Quality Improvement Collaborative, Frail Elders, Frailty, Children in Poverty, Neighborhoods, Transitions of Care, Care Transitions, Powerful Tools for Caregivers, CNY, Sharing Your Wishes, Nuts & Bolts, Safety-net, Safety net, school health, Asthma, Ann Monroe, Sharon Falkowski, Amber Slichta, Carol Rende, Denise Levy, Kent Arnold, Christine Klotz, Virginia OehlerJames Abbott, Stephen Ames, Marilyn Baader, Robert Bennett, George Deptula, Louis Dudek, Catherine Gale, Lito Gutierrez, June Hoeflich, Robert Ludwig, James Magavern, Edward Marine, James Nolan, Peter O’Neill, Margaret Paroski, Kathryn Ruscitto, Stephen Suhowatsky, Maurizio Trevisan, Thomas Wolff

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NEWS ARTICLE: Foundations offer loans as a way to help nonprofits

Low-interest tool stretches use of money

By Jay Tokasz
NEWS STAFF REPORTER
Published: May 24, 2010, 10:46 am

A $650,000 check in 2008 from the Community Health Foundation of Western and Central New York for a new program to assist the frail elderly in Cattaraugus County came with a caveat: Trustees of the foundation wanted the money back, with interest.

A single grant of that size was beyond the capacity of the foundation, so trustees decided instead to make it a loan.

The money allowed Community Care of Western New York to launch a program that will keep more than 200 rural elderly people safely in their homes. Without it, the project probably would have stalled.

For more information click on the pdf document below.

Documents

Foundations offer loans as a way to help nonprofits (86.27 KB, application/pdf)