The economic downturn of 2008 sparked new urgency for nonprofits to explore strategic alliances. Responding to the needs of organizations for guidance — and resources to pursue a collaboration or merger — in 2010, a group of funders formed the Catalyst Fund for Nonprofits (CFN, the Fund). Managed by Nonprofits Finance Fund (NFF), the Fund has received seed capital from five funders totaling $1.9M. To date, six CFN collaborations have been implemented, three have chosen not to move forward, and the remaining six are in varying stages of development.