As individuals, companies, and government agencies around the globe try to grapple with the outbreak of COVID-19, private philanthropists have given more than $9.1 billion to response and relief efforts. Candid, a leading data and research hub on nonprofits, has been closely tracking the donations from leading philanthropists and the world’s largest companies. You can dig into that data online here.
While the charitable response to the pandemic is unparalleled in comparison to other disaster giving, it’s critical to keep in mind the effect that the coronavirus will have on nonprofit organizations. Leading experts such as the Center of Disaster Philanthropy emphasize the importance of continued funding in times of crisis so agencies can provide consistent service to our most vulnerable populations.
We’ve compiled a list of ways you can be a supportive grantmaker:
Ask and Listen Reach out to the organizations you provide grants to and see what areas or programs need the most support.
Provide Unrestricted Funding Grantees are most in tune with what their clients and communities need. Allowing them to determine where to allocate their dollars in a time of need reinforces your support. If you have made a grant to support a specific program, consider removing those restrictions and allowing the nonprofit to use those funds for general operating support.
Consider Your Charitable Investments After the declaration of the coronavirus as a global pandemic, the stock market faces uncertainty and volatility. Expect to endure more declines and volatility before the market recovers. As is the case with any long-term investments, keeping your eyes on the horizon and end goal is critical. Nonprofit organizations need funding to keep their doors open despite the current state of the market.
Support Community Engagement Provide support to organizations that are seen as trusted messengers in communities. Help them get the word out about public health resources, education, and other available services.
Follow Up When a crisis is over, continue to provide funding. Thinking long-term is key. Nonprofits will continue to provide services long after this epidemic.
A few more things to keep in mind:
Authored by: Ashley Hawkins, Content Specialist