During these difficult times, many individuals and families are asking, “Where is the greatest need and how can we help our community address the challenges resulting from the spread of Covid-19?” The philanthropic community has organized to understand the scope of the challenges facing nonprofits and communities over the last two weeks in response to the spread of Covid-19.
The impact of the crisis on nonprofits and those providing critical educational, health, and social services is widespread. This crisis has had a direct impact on the stability of nonprofits of all sizes and issue areas.
The philanthropic community has responded quickly to nonprofit needs, in many cases in real time, as needs continue to emerge. Many philanthropies and individuals have made immediate response grants, and are developing longer term plans as to how to help with recovery post-crisis. The Council on Foundations has a detailed “call to action” that outlines a number of steps foundations can take in these unprecedented times.
In addition, Hemenway & Barnes attorneys and professionals have a number of resources to support nonprofits during these challenging times, including an overview on establishing and operating an emergency Covid-19 relief fund: “Direct Impact – Establishing an Emergency COVID-19 Relief Fund”.
Continue reading this blog post for strategies that donors might consider when assessing how best to support nonprofits in responding to this crisis.
You can find additional advisories related to Covid-19 on our website resource page.
A blog about sustainability of the multigenerational family. Sustaining family wealth and
prosperity, unity and legacy, family enterprise and family office, philanthropy, and family lands.
Now more than ever, meeting the challenges of sustainable family prosperity and unity requires great thought, care and planning. Our hope is that this blog will inspire creative thinking, underscore significant issues, offer perspective, encourage communication and embolden you to take action toward sustaining your family’s legacy. Read more blog posts here.
