News, advice, and responses are quickly evolving regarding the global Novel Coronavirus Disease (COVID-19) outbreak and the related global economic downturn. The impact of the dual crises creates anxiety but also inspires generosity and compassion even as the uncertainty of what happens next shakes our confidence.
Giving families and funders from across the globe are seeking advice on how they can turn their cares and concerns into action. Many are contacting the National Center for Family Philanthropy (NCFP) to ask questions, to share their strategies, and to share their fears and concerns for their families, their communities, their staff members and advisors, and their abilities to continue their philanthropic legacies.
We at NCFP understand and share those fears and concerns. We know that times of crisis make it hard to maintain your personal health and your family’s health while also supporting the vital work of nonprofits, social enterprises, and front-line responders.
Fortunately, over the years, we have seen generous families adapt, scale, and use nimble speed during recessions, downturns, natural and man-made disasters, and other heartbreaking tragedies. Responding with time, talent, and treasure can serve as a unifying opportunity for families and a valuable teaching moment for rising generations.
We offer this guide as an initial compilation of lessons and inspirations to help you act in the near-term. It shares ideas and resources from giving families, family funders, philanthropy organizations, philanthropic advisors, and NCFP’s team, many drawn from responses to previous crises. The guide will help you answer such questions as:
- Where do we start?
- How can we take care of ourselves, our family, and our team?
- How can we reduce uncertainty for our grantees?
- How can we support the health of our communities?
- How can we strengthen the health of our grantees?
- How should we look ahead to the long-term impact on our giving?
Read the full article about how family funders can turn concern into action at the National Center for Family Philanthropy.