What Change Capital Fund does

Change Capital Fund (CCF) is a New York City-based nonprofit donor collaborative founded in 1996 (originally as Neighborhood 2000 Fund, renamed Change Capital Fund in 2014) that pools contributions from a 22-member coalition of foundations, banks, intermediaries, and the Mayor's Office for Economic Opportunity to provide multi-year flexible grants and technical assistance to community-based organizations. CCF operates four-year funding cycles; its current Cycle 3 (2023-2026) distributes approximately $10 million to eight community ownership organizations at $150,000 per grantee per year plus technical assistance funds, with grantees developing community land trusts, limited-equity cooperatives, worker coops, and community investment trusts targeting NYC's low-income neighborhoods. The organization is fiscally sponsored by United Way of New York City and supported technically by Hester Street, with additional collaboration from NYC Department of Housing Preservation and Development, NYC Comptroller, and NYS Division of Housing and Community Renewal.

CCF's core offerings are grant programs rather than technology products: Community Ownership Grants (the four-year cycle funding), Technical Assistance Funding (project-specific consultants), and a newer Environmental Justice/Civil Justice Fund (2024) helping NYC organizations access federal Inflation Reduction Act resources. The organization also publishes research and evaluation reports — including work by HR&A Advisors and MDRC — documenting outcomes such as 823 permanently affordable housing units across 18 community ownership projects in the current cycle. There is no proprietary technology platform; CCF's operational model is built on pooled institutional philanthropy, grantee selection via invitation-only RFP, peer learning convenings, and partnerships with city agencies.

CCF's business model is philanthropic pass-through: it does not sell goods or services. Funding comes from corporate and private foundation members (including Altman Foundation, JPMorgan Chase, Goldman Sachs, Deutsche Bank Americas Foundation, Wells Fargo, HSBC, Trinity Church Wall Street, Scherman Foundation, and others) plus ex-officio participation from the Mayor's Office for Economic Opportunity. Grants are awarded via an invitation-only application process selecting approximately eight organizations per cycle from a broader applicant pool (over 30 applications received for the current cycle). Over 25+ years, CCF has deployed more than $30 million to 35+ community-based organizations.

Name

Change Capital Fund

Legal name

Change Capital Fund

Website

https://changecapitalfund.org

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Change Capital Fund is a 25+ year NYC nonprofit donor collaborative of 22 foundations, banks, and city agencies that pools philanthropic capital to fund community-based organizations developing affordable housing and community ownership projects across New York City's five boroughs.

Ownership category

akta.pro rank

Product category

Community Development Philanthropy / Grantmaking Services

NAICS

Grantmaking and Giving Services (81321), Grantmaking Foundations (813211), Other Grantmaking and Giving Services (813219)

akta.pro primary industry

Trust Funds & Multi-Donor Pooled Funds (BPADAOAE)

akta.pro secondary industries

Community Foundations (BPAGAKAB), Community Development & Affordable Housing Funds (FSANAJAK), Grantmaking & Philanthropic Funds (Institutional Donors) (BPADAOAB), Impact Investment & Development Investment Funds (BPADACAO)

Keywords

• Community development grants
• Donor collaborative funding
• Capacity building services
• Affordable housing funding
• Nonprofit grantmaking

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Foundation and Corporate Philanthropy: Change Capital Fund operates as a donor collaborative funded by contributions from leading banks, foundations, intermediaries, and the Mayor's Office for Economic Opportunity. The collaborative has 22 members as of 2026, including Altman Foundation, Amalgamated Bank, Bank United, Capital One, Deutsche Bank Americas Foundation, Enterprise Community Partners, Goldman Sachs, HSBC, JPMorgan Chase, LISC NYC, M&T Charitable Foundation, MUFG, New York Foundation, New York Community Trust, Principal Foundation, Santander Bank, Scherman Foundation, Trinity Church Wall Street, U.S. Bank Foundation, United Way of New York City, Wells Fargo, and Mayor's Office for Economic Opportunity (ex-officio).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Change Capital Fund is a 22-member donor collaborative of banks, foundations, intermediaries, and the Mayor's Office for Economic Opportunity that awards multi-year, flexible grants and project-specific technical assistance funding to community-based organizations in New York City. Current grantmaking focuses on community ownership models such as community land trusts, limited-equity cooperatives, worker cooperatives, and community investment trusts developing permanently affordable housing and community-controlled assets.

Product overview

Change Capital Fund is a philanthropic donor collaborative—not a technology product company—that provides multi-year flexible grants and technical assistance funding to community-based organizations in New York City. The core offerings include Community Ownership Grants (four-year funding cycles of approximately $8 million distributed to eight organizations), Technical Assistance Funding for project-specific consultants, and an Environmental Justice Fund for federal funding access. The organization also produces research reports documenting community development outcomes. All offerings are grant-making and capacity-building services, not software products or platforms.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Ownership Grants Four-year, multi-year flexible grant cycle awarded to selected community-based organizations developing community ownership projects including community land trusts, limited-equity cooperatives, worker cooperatives, and community investment trusts in low-income NYC neighborhoods.
• EJ/CJ Environmental Justice Fund Targeted grant program providing $500,000 in grants to NYC environmental justice organizations to build their capacity to access federal Inflation Reduction Act funding for health, sustainability, and resiliency projects.
• Technical Assistance Funding Project-specific technical assistance funding that supports grantee organizations in hiring consultants to build capacity for community development projects.

Quantifiable outcome

• 823 units of permanently affordable housing being created through current grantee cohort (2023-2026)
• +3 more outcomes

Named customers8 records

Segments1 record

Ideal customer profiles1 record

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• United Way of New York CitycoreStrategic or Co-development PartnerFiscal sponsor for Change Capital Fund, providing administrative infrastructure. United Way of New York City mobilizes communities to break down barriers and build opportunities for low-income New Yorkers.
• Hester StreetcoreImplementation/ SI/ Consulting PartnerNYC-based non-profit providing technical assistance and capacity-building support to CCF grantees. Offers individualized and collective support through one-on-one conversations, group convenings, and trainings to build grantees' capacity for community ownership projects.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Living Cities: National funder collaborative pooling philanthropic, corporate, and government capital for urban community development and racial equity. Closely analogous to CCF in pooled-funder structure and focus on community-led real estate and economic development in low-income urban areas.
• Neighborhood Funders Group: National network of foundations funding place-based, equity-focused community development. Direct peer as a funder-network/collaborative structure focused on equitable neighborhood development, though operating as a membership network rather than a grantmaking pool.
• Trinity Church Wall Street Philanthropies: Major NYC philanthropic program awarding $46M+ annually in grants focused on housing and homelessness, racial justice, and mission-driven development. Direct peer in NYC geographic focus and affordable housing grantmaking; also a CCF funder member.
• New York Community Trust: Public charity dedicated to improving NYC residents' lives by aggregating donations and grants from individuals, families, foundations, and businesses. Direct peer in NYC geographic focus and pooled-funder grantmaking model; also a CCF funder member.
• Local Initiatives Support Corporation (LISC): National community development intermediary that has invested over $3.2B and leveraged $7.9B supporting low-income communities since 1980. LISC NYC is a CCF member; structurally and missionally aligned at both national and NYC-local levels.
• Kresge Foundation: National foundation with major programs in affordable housing, community development, and place-based initiatives. Direct peer in multi-year grantmaking and capacity building for community-based affordable housing development.
• New York Foundation: NYC-based foundation supporting community organizing, grassroots advocacy, and movement-building. Direct peer in NYC geography and grantmaking model; also a CCF funder member, reflecting overlapping funder ecosystems.
• Robin Hood Foundation: Major NYC anti-poverty funder using evidence-based grantmaking and capacity building for community organizations. Direct peer in NYC philanthropic ecosystem and similar model of multi-year capacity-building grants, though broader in scope than CCF.
• Enterprise Community Partners: National CDFI and philanthropic intermediary that has raised and invested nearly $16B to build or preserve affordable housing. Direct peer in mission (affordable housing/community development) and structure (blends philanthropic and capital-market funding); also a CCF funder member.

Broad incumbents

• JPMorgan Chase (Community Development Philanthropy): Global bank's philanthropic arm supporting affordable housing, community development, and small business — operating at much larger scale and broader scope than CCF. Comparable as a funding source for the same NYC community development ecosystem; also a CCF member.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Change Capital Fund