“The strength of a funderâs grantees at the end of this crisis will be a much better measure of the significance of a foundation than the size of its endowment,” their letter says.
Some are ramping up spending when nonprofits need it most, but others are keeping a watchful eye on their ability to continue spending in the future.
The coronavirus pandemic is pushing grant makers to do things differently. Some in philanthropy hope the changes stick long after the current crises ends.
Still, the unprecedented calamity means that many foundations are changing how they give and adding new flexibility and more general operating support.
After nearly three years of study, a congressionally chartered groupâs final report made 49 recommendations to boost military and civilian service.
A group that includes Ford made the move quickly so nonprofits can focus on services and remain financially stable amid the coronavirus scare.
Businesses are looking for new ways to offer pro bono services that help struggling businesses. Plus they are protecting their workers’ health by cutting back direct volunteer efforts. But it is unclear whether corporate generosity will continue as the economy tumbles.