AboutStructure | Funders | Types Of Support | Director
The Nonprofit Repositioning Fund (the “Fund”) is a regional effort to encourage and support formal, long-term collaborations between and among nonprofit organizations. These collaborations can range from voluntary back-office consolidations to programmatic joint ventures, to mergers and acquisitions. The Fund seeks to have a catalytic impact on the capacity, effectiveness, and financial health of the Greater Philadelphia nonprofit sector.
The Fund makes grants to nonprofits to identify and engage well-qualified technical assistance (TA) providers who can support the exploration or implementation of a repositioning activity. The Fund will support repositioning projects involving nonprofits predominantly serving Bucks, Chester, Delaware, Montgomery, and/or Philadelphia counties.
The Fund may also consider grants for a local nonprofit to collaborate with a national organization, provided that the local presence and service delivery are enhanced in the five-county region.
In rare instances, the Fund will also consider dissolution planning for individual nonprofits (i.e., a dissolution that does not transpire in conjunction with a merger/acquisition).
Structure Back To Top
Oversight of the Fund is provided by a Governance Committee comprised of eight members and the Director. Grants are approved by the the Governance Committee and Investors, and awarded through The Philadelphia Foundation. The operational host of the Fund is SeaChange Capital Partners, and management of the Fund is provided by its Director.
Funders Back To Top
This formal collaboration is an effort to have greater long-term impact through pooled funding. Governance Committee Members are:
- The Barra Foundation
- HealthSpark Foundation
- Lincoln Financial Foundation
- The Lodestar Foundation (Arizona)
- The Philadelphia Foundation
- Scattergood Foundation
- United Way of Greater Philadelphia and Southern New Jersey
- William Penn Foundation
Additional Investors are:
- Chubb Charitable Foundation
- SeaChange Capital Partners
Types Of Support Back To Top
The Fund provides two types of grant support:
- Exploratory Grants of up to $40,000 (average award ~$25,000)
- Implementation Grants of up to $100,000 (average award ~$35-40,000)
Director Back To Top
Nadya K. Shmavonian is Director of the Nonprofit Repositioning Fund and a partner at SeaChange Capital Partners. The Repositioning Fund is a Philadelphia-based pooled fund of philanthropic partners that encourages and supports mergers and other types of formal, long-term strategic alliances and restructuring opportunities among nonprofit organizations in the Greater Philadelphia regionSeaChange is a New York-based nonprofit merchant bank whose mission is to enable transactions that increase the impact of nonprofits while offering leveraged opportunities for funders. In addition to her ongoing management of the Repositioning Fund, Ms. Shmavonian contributes to SeaChange’s national collaboration field-building and advisory services and explores potential opportunities for SeaChange to engage in projects in the Greater Philadelphia region.
Nadya served as president of Public/Private Ventures (P/PV) from 2010–2012, where she presided over the responsible dissolution of the organization. Nadya has extensive foundation management experience, having served as vice president for strategy at the Rockefeller Foundation, and executive vice president at The Pew Charitable Trusts, where she also worked as director of administration and as a program officer in health and human services. Ms. Shmavonian serves on the boards of many nonprofits and is an instructor at the School of Social Policy and Practice (SP2) at the University of Pennsylvania, where she teaches graduate seminars on nonprofit governance, and was awarded the Excellence in Teaching Award in 2018. Nadya holds a B.A. from the University of Chicago and an M.B.A. with a concentration in health care management from the Wharton School of the University of Pennsylvania. She was awarded the Kathleen McDonald Distinguished Alumna Award from Wharton Women in Business in 2011.