Nonprofit Strategic Restructuring Initiative
Strategic restructuring establishes an ongoing relationship between two or more independent organizations by merging, sharing, transferring, or combining services, resources, or programs to reduce duplicated services, improve effectiveness and efficiency, or to increase financial stability. Learn more about nonprofit alliances and mergers by visiting Resources.
The Dyson Foundation’s Nonprofit Strategic Restructuring Initiative is a staged funding program supporting organizations through the process of:
- Exploring the feasibility of restructuring,
- Planning the restructuring,
- Implementing the plan, and
- Supporting the restructured entity.
There is no requirement for the organization to go through each stage of the process, but the Dyson Foundation will not fund out of sequence. For example, the Foundation will not fund an organization's preliminary exploration request after funding its implementation request.
To be eligible for funding through this initiative, one or more of the collaborating organizations must be a 501 (c) 3 nonprofit organization, a library, or unit of government based in the Mid-Hudson Valley (Columbia, Dutchess, Greene, Orange, Putnam, and Ulster counties).
The Dyson Foundation particularly encourages applications from local organizations or chapters or affiliates of larger national or state-wide organizations that are:
- transitioning (e.g. significant growth, changes in staff or board leadership, reorganization, reduction in funding or other similar circumstances);
- experiencing financial difficulties;
- in communities where more than one organization is providing the same or similar services; or
- a recently merged organization (within the last 12 months)
How to Apply for Dyson Foundation Funding