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 January 2010 – July 2012, where she presided over the closure 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. Before joining the foundation community, she worked in the health sector, as well as overseas in humanitarian relief, both of which she has continued to address during the more than three decades she has spent in and around philanthropy.

Nadya serves on the boards of the Greater Philadelphia Cultural Alliance, Philadelphia Youth Basketball, is board president of CultureWorks Commons Management, and serves on the Prize Committee for the Lipman Family Prize at the McNulty Leadership Program at the Wharton School of the University of Pennsylvania.  She recently retired from the board of the Center for Effective Philanthropy (she now serves on the CEP Advisory Board) and stepped down from the Lenfest Foundation board. She helped found and served on the board of The Alliance for A Green Revolution in Africa (a partnership of the Rockefeller and Bill and Melinda Gates foundations), as well as the Partners for Seed in Africa Fund, an initiative for South Sudan supported by Howard Buffet. She has served on the Advisory Boards of the National Philanthropic Trust and the Center for Refugee and Disaster Response at the Johns Hopkins Bloomberg School of Public Health. She was one of the first two non-family members of the Surdna Foundation Board.

 

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.