FOR IMMEDIATE RELEASE
April 23, 2021
Contact:
Rachel Noerdlinger, rnoerdlinger@mercuryllc.com
Amaris Cockfield, acockfield@mercuryllc.com
FPWA STATEMENT ON THE MAYOR’S ANNOUNCEMENT TO FULLY
FUND THE INDIRECT COST RATE
FPWA applauds Mayor Bill de Blasio and the New York City Council for their announcement today of an investment of $120 million over the next two years to fully fund accepted indirect costs associated with an effective nonprofit human services sector. This significant commitment to the financial resilience of the city’s human services organizations signals to all that the human services sector is a full partner in the wellbeing of our city and vital to our recovery.
The investment fulfills a promise the city had previously made to honor the critical but risky work of these organizations during an historic public health crisis. The investment is the result of years of work by advocates and city officials to ensure that the real costs associated with the vital and community-focused work of the human services sector is recognized and appropriately resourced. FPWA is proud to have partnered with the city and other nonprofits in achieving this milestone.
With this visible step, the city has acknowledged that the financial stability of our human services organizations is more than a detail on their books; it is the grist from which our city will rise again.
About FPWA
FPWA is an anti-poverty policy and advocacy organization committed to advancing economic opportunity and upward mobility for low-income New Yorkers. Having a prominent New York presence for nearly 100 years, FPWA has long served New York City’s social service sector, providing grants to help individuals and families meet their basic needs, and advocating for fair public policies on behalf of people in need and the agencies that serve them. FPWA’s member network of 170 human-service and faith-based organizations reach more than 1.5 million people in New York’s communities each year. Join us at fpwa.org, Facebook, Twitter, and Instagram.
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