Foundations and nonprofits alike are gathering information about the economic situation and how to respond. MCF, for example, is convening its member grantmakers this week and next to discuss the outlook and what funders can do to to help nonprofits weather the crisis, and has several other activities planned in the coming weeks and months.
One local funder is responding quickly. The Otto Bremer Foundation is joining with Bremer Bank to create an Emergency Fund. Available to communities served by Bremer Bank, grants of up to $100,000 will be awarded to nonprofit organizations that serve individuals and families in need:
This growing crisis is creating daunting financial challenges for families and individuals as many struggle to continue to provide food, warm and stable housing, health care, and reliable transportation in the face of increased unemployment and high prices. Timely financial assistance can sometimes make the difference between instability and security, enabling families to meet emergency needs and retain housing or jobs. (Read more…)
Join the conversation: How else can grantmakers help nonprofits during this economic downturn?
