2
$50,000 or less. At its Decembermeet-
ing, theNIAC board approvedmaking
an additional $500,000 available for
small, short-term loans tomembers.
Most of these loans are to assist with
cash flow, many to bridge funding
delays by government and foundations.
NIACmembers interested in borrow-
ing from this fund should apply through
loan-fund.
For 2015, grosswritten premium for
theGroup totaled $110.7million. Of
that total, theNonprofits Insurance
Alliance of California (NIAC)wrote
$66.4million, theAlliance of Nonprofits
for Insurance, RRG (ANI)wrote $40.1
million andNational Alliance of Non-
profits for Insurance (NANI), theGroup’s
property reinsurance captive, retained
$4.2millionon anet basis. Also, we
managed an additional $22.0million in
premium for our companion property
and volunteer accident programs, bring-
ing the total business administered by
theGroup in 2015 to $132.7million, an
increase of 7.7 percent over 2014. At
year’send, theGroup’s combinedbalance
sheet showed total equity of $176.1
millionand total assetsof $415.6
million. Before dividends, the $11.4
millionof combined income for the
Directors andOfficers policies, are
having the intended positive impacts.
H.R. 3794, theNonprofit Property Pro-
tectionAct, whichwould allowANI to
cover the property risk of itsmembers,
was introduced late in 2015. A bipar-
tisan effort, the bill is sponsored by
CongressmanDennis Ross of Florida,
with original co-sponsor Congressman
Ed Perlmutter of Colorado. Many insur-
ance and nonprofit associations are
supportive of this effort to help small
andmid-sized nonprofits get themost
effective and cost efficient insurance.
A few key insurance industry associa-
tions areworking hard to derail this
bill, but we are undeterred and are
redoubling our efforts to see this initia-
tive succeed in 2016.
Since its inception in 2014, we have
provided small grants averaging $250
from the RogerW. Gilbert Fund to 69
ANI andNIACmembers to purchase
equipment to improve the overall safety
of nonprofit facilities. This fundwas
established by Roger’swife, Jocelyn, to
honor this former boardmember who
passed in 2013. Also in 2015, NIAC
created a small loan fund to assist
NIACmembers. By the end of the year,
NIAC had lent $696,000 in amounts of
