Organization: SEACHANGE CAPITAL PARTNERS INC
Mission: SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.
Activities: SEACHANGE SUPPORTS NONPROFITS FACING COMPLEX FINANCIAL AND ORGANIZATIONAL CHALLENGES. WE DO THIS WITH GRANTS, LOANS, CONSULTING, AND RESEARCH TO EDUCATE NONPROFITS, FUNDERS, AND OTHER STAKEHOLDERS. SEACHANGE ALSO WORKS TO BUILD EFFECTIVE CONNECTIONS BETWEEN FUNDERS AND NONPROFITS ON THE ASSOCIATED ISSUES.SeaChange launched in early 2008 with support from the Bill & Melinda Gates Foundation, Omidyar Network, the William and Flora Hewlett Foundation, the Surdna Foundation, Goldman Sachs, and a group of individual philanthropists. After an initial focus on education and youth development through the Catalyst Fund (2008-2016), SeaChange expanded into sustained collaboration with the SeaChange-Lodestar Fund for Nonprofit Collaboration (2009-present), the New York Merger and Collaboration Fund (NYMAC, 2012-present), and the Greater Philadelphia Nonprofit Repositioning Fund (Nonprofit Repositioning Fund, 2018-present); into credit with the Contact Fund (2013-present); and into impact investing with The New York Pooled PRI Fund (NYPRI, 2014-present). NYPRI and the Contact Fund are both separate legal entities; SeaChange serves as the Managing Member of NYPRI and manages Contact Fund pursuant to a management services agreement. NYMAC, the Catalyst Fund, the SeaChange-Lodestar Fund for Nonprofit Collaboration, and the Nonprofit Repositioning Fund are grantmaking programs of SeaChange that are referred to as funds because each has a distinct set of philanthropic funders to whom certain governance rights have been granted. None of these four programs are distinct legal entities.In 2011, SeaChange began providing consulting services in response to requests from nonprofits and funders. Our work will continue to evolve in response to changes in the environment, feedback from the market, and reflection on our accomplishments and challenges. SeaChange also regularly releases reports analyzing major issues for the nonprofit sector, as well as opinion pieces in various publications.During 2019, SeaChange made grants to support 25 sustained collaboration transactions across the SeaChange-Lodestar Fund (9), NYMAC (9), and the Nonprofit Repositioning Fund (7), compared to 32 total grants funded in 2018. SeaChange had a staff of nine full-time employees in 2019 and eight in 2018.
NTEE category: Philanthropy, Voluntarism & Grantmaking Foundations
Secondary category: Community Improvement & Capacity Building