From the blog: Financial Leadership in the Face of Impossible Choices
Nonprofit health care, social service, and mental health organizations are deeply engaged in the response to the COVID-19 pandemic, selflessly treating those who have become ill, supporting their loved ones, and consoling the families of those who have died. Perhaps less obviously, we also rely heavily on many other nonprofits whose steady presence quietly shores up and stabilizes our communities in the midst of such distress – community centers, arts organizations, afterschool programs, food shelves, and senior drop-in centers, to name a few.
Widespread closures and service interruptions can make this vital work even more challenging. Financial instability following in the wake of the crisis can threaten the funding that supports these vital organizations right when we need them most. Today’s realities could discourage even the most resolute nonprofit leader. You may be forced to consider reducing personnel costs, decreasing or delaying program activities, or taking other drastic measures just to keep your organization afloat.
The National Endowment of the Arts has also opened up its CARES Act funding for grants. A portion of it will be designated directly to non-profits, with approximately 40% of the funds sent to state Arts organizations. We have not received all of the guidelines for the state portion, but the grant is open now for non-profits to apply directly with the NEA. Online Form