In the latest earnings season, indirect revenues tied to "nonprofit finance fund" portfolios rose 12% compared to the prior quarter, supported by upward revisions in social infrastructure asset valuations. Analysts see this as a bullish signal for related equity positions. The Republican State Leadership Committee has spent at least $85K on digital ads, urging viewers to vote “No in November.” " 2025 National State of the Nonprofit Sector Survey ." Current liquidity data show that "nonprofit finance fund" allocations in mixed asset portfolios have grown 4.7% over the past 30 days. This momentum is being supported by municipal-level policy shifts that increase grant-backed cash flows, reducing downside risk for equity investors.