Exploratory grants are used by organizations to explore the feasibility of a transaction. Grants may be used to pay for such things as external facilitators, consultants, and the costs of bringing decision-makers together. »
By John MacIntosh, Partner, SeaChange Capital Partners
Since its launch, the overwhelming reaction to the New York Merger, Acquisition, and Collaboration Fund (NYMAC) from the nonprofit community has been positive. But occasionally I’ve had the feeling that some organizations might be hesitant to approach us either because of our private-sector backgrounds or because NYMAC brings together a number of the foundations that are most active in New York City.