U.S. Community Foundations Mobilize More Than $238.7M to Support Those Impacted by COVID-19

Date : 26/03/2020 @ 15:20
Source : PR Newswire (US)

U.S. Community Foundations Mobilize More Than $238.7M to Support Those Impacted by COVID-19

WASHINGTON, March 26, 2020 /PRNewswire-PRWeb/ -- U.S. community foundations are moving decisively to help those in need during the Covid-19 crisis -- mobilizing more than $238.7 million during the past two weeks alone. These funds will provide critical support to those who are facing challenges such as lost income, housing and food instability.

According to data compiled by the Community Foundation Public Awareness Initiative, nearly 170 community foundations spanning 49 states and the District of Columbia have already created Covid-19 response funds.

Community foundations are also partnering with private and family foundations, other nonprofits, businesses, and local government agencies to raise and grant funds quickly to those most in need and to ensure an efficient and coordinated response.

For example:

  • The Chicago Community Trust has already earmarked more than $3.5 million to support 42 nonprofits in the Chicago metro region -- the first in what is expected to be a series of rounds of rapid-response grant awards.
  • Oregon Community Foundation is announcing $2 million in grants to support nonprofits working on the ground in its state.
  • The New York Community Trust -- which is housing a city-wide fund that already includes more than $78 million from 26 partners -- plans to make weekly grant awards to help nonprofits address critical needs.

"Because of experience addressing catastrophic events like 9/11 and Hurricane Sandy, we were able to quickly put into place a grant-making partnership," said Lorie A. Slutsky, The New York Community Trust's President. "Community foundations are uniquely positioned to play this role -- and they are stepping forward in every corner of the country to address this massive crisis."

Community foundations are grantmaking public charities that mobilize the assets of past and current donors to improve the lives of people in a defined geographic area. They bring together the financial resources of individuals, families, and businesses to support effective nonprofits in their communities.

The U.S. is home to roughly 800 community foundations, representing communities of all sizes, from statewide foundations to rural counties and small towns. Each community foundation is independent, has its own community-based mission, involves community members in its grantmaking decisions, and uses a variety of philanthropic instruments – including endowments, donor-advised funds, giving circles, and other gifts – to support its grantmaking and community leadership activities.

In addition to traditional grantmaking to nonprofits, community foundations are also adopting a number of innovative approaches to address the Covid-19 crisis.

For example:

  • In Dallas, Communities Foundation of Texas is housing the Get Shift Done for North Texas Initiative, which is raising money to provide wages to displaced hourly workers in the region's hospitality industry who are volunteering to prepare and deliver meals for those in need through local nonprofits.
  • In Washington, D.C., a growing number of restaurant and property management companies have created funds at the Greater Washington Community Foundation to assist displaced workers and provide rent relief to tenants. The Foundation has also created the DC Education Equity Fund to help ensure the city's most vulnerable students have needed computers and Internet access for distance learning activities.

"This crisis demands flexibility and creative ideas," said Tonia Wellons, Greater Washington Community Foundation's interim president and CEO. "Covid-19 is affecting everyone in our community -- but it is hitting historically underserved populations particularly hard. We, and our colleagues across the country, are working to identify and adopt innovative approaches so we can rise to the considerable challenge our communities are now facing."

A full listing of verified community foundation Covid-19 response efforts -- and updated figures on mobilized funds -- can be found on the Community Foundation Public Awareness Initiative's website.

Reporters seeking interviews with community foundation leaders, grantees, and donors, can contact Peter Panepento at (202) 531-3886 or peter@turn-two.co.

About the Community Foundation Public Awareness Initiative
The Community Foundation Public Awareness Initiative includes more than 120 community foundations in 47 states working together to educate the public about how we're improving communities. Learn more: https://www.commfoundations.com/.


SOURCE Community Foundation Public Awareness Initiative

Copyright 2020 PR Newswire

ADVFN Advertorial
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200405 14:14:10