Community Capital Fund

Community Capital Fund is sponsored by Klarman Family Foundation. Provides one-time capital grants for the development, improvement, or ownership of physical assets for community-based organizations in Massachusetts.

Community Capital Fund | The Klarman Family Foundation The Community Capital Fund The Klarman Family Foundation is committed to expanding access to critical services and enrichment opportunities that help make Massachusetts communities stronger, healthier, and more vibrant. We recognize that community-based organizations of all sizes and across a variety of mission areas play crucial roles in strengthening the fabric of neighborhoods.

Community-based organizations often struggle to raise funds to support critical investments in physical assets (e.g., facilities and open space). These investments are necessary so they may deliver and sustain high-quality operations and advance their vision and mission. The Foundation believes that investments in physical assets help create a permanence that benefits the broader community.

The Community Capital Fund (CCF) provides funding to support the development, improvement, or ownership of physical assets. This funding initiative aims to counter disparities in access to funding across Massachusetts and prioritizes organizations operating in the Boston neighborhoods of Dorchester, East Boston, Mattapan, and Roxbury, as well as the cities of Brockton, Lawrence, Lynn, New Bedford, and Springfield.

The Community Capital Fund supports facilities or land acquisition; construction; renovation; repair; preservation and major equipment. In some cases, funding will also support technical assistance to help organizations develop or assess the feasibility of a project, or engage expertise necessary to execute the project successfully.

Through this funding initiative, The Klarman Family Foundation hopes community-based organizations will be better positioned to make their space and neighborhoods more vibrant, welcoming, and inclusive. At the same time, The Klarman Family Foundation seeks to deepen and expand its relationships within, and knowledge of more communities throughout Boston and Massachusetts.

We know we do not have all the answers and expect our funding approach to evolve over time based on what we learn. Our work in this area is guided by the following principles: Staying locally informed : We prioritize funding for organizations and projects rooted in their neighborhoods. Addressing barriers to capital : We prioritize funding to communities that have limited access to philanthropy.

Looking for bold approaches : We are ready to take risks as an early or leading funder. Creating lasting benefit : We invest in projects that address community needs in meaningful, sustainable ways. Knowing one size doesn’t fit all : We are flexible and adapt our support based on the size, type and urgency of need.

For funding criteria, eligibility information, and application instructions, please click here .