NCRP and a coalition of 8 organizations released a statement Thursday urging their philanthropic colleagues to increase their giving to nonprofits, even if means dipping into their endowments.
As leaders of philanthropy-serving organizations in this unprecedented moment of challenge for our country and globally, we applaud the efforts by foundations to be responsive to the needs of nonprofits and the communities and causes they serve. We strongly endorse the pledge signed by more than 460 foundations to loosen restrictions on grantees during this time and generally to be as flexible as possible.
Yet what nonprofits need most right now is more money. Without rapid and meaningful infusions of additional resources, many organizations will have to dramatically pare back programs and services or fold their operations entirely – and the results for the economy, vulnerable populations, communities and progress on crucial issues will be devastating.
The CARES Act and other stimulus packages passed recently by Congress include wide-ranging supports for nonprofits and low-income people. And yet these funds may be difficult to access and still will not meet the needs.'
We’ve been heartened that some foundations and corporate giving programs are increasing their grants at this crucial time. We call on all funders to consider joining them by significantly increasing their grant spending during this crisis. Organizations helping and empowering the most vulnerable, those closest to the financial precipice with limited operating capital or reserves, and those with significant earned revenue streams or that rely on small gifts from individual donors are facing significant challenges. Organizations serving communities of color are also going to need extra resources as they deal with skyrocketing unemployment for all racial groups and particularly for Black, Indigenous and Latinx communities, and with Asians and Pacific Islanders facing xenophobia.
Read the full article about increased giving by Ana Marie Argilagos, David Biemesderfer, Phil Buchanan, Dan Cardinali, Aaron Dorfman, Kathleen Enright, Nicholas A. Tedesco, Anne Wallestad, Marcus Walton at the National Committee for Responsive Philanthropy.