CLLCTIVLY launches a no-strings-attached micro-grant to support Black-led and Black-owned organizations on the frontlines— serving children and families who have become even more economically vulnerable as a result of COVID-19.
It is not news to anyone that the Covid-19 pandemic has been hard on nonprofits, many of which are working with the communities hardest hit by this disease. In the past month, many nonprofit organizations have been on a pause.
The decision to spend down all the assets of the S. D. Bechtel, Jr. Foundation was made in 2008, creating significant opportunities as well as some real challenges.
The COVID-19 pandemic has become an economic tsunami for Maryland’s thousands of nonprofits, striking at their financial resources even as the demand for their services has escalated.
One of the most important policies shaping the future of the nonprofit world was passed by Congress last month: the $2 trillion Cares Act.
As the novel coronavirus (COVID-19) continues to disrupt all sectors of society, nonprofits stand to play central roles in local and national efforts to support and assist those in need.
Source: Baltimore Business Journal
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