How to Engage Funders During Financial Uncertainty

This Huddle occurred on Thursday, 4/2 from 2-3pm ET

Nonprofit Finance Fund reports that majority of the nonprofits they have interviewed have less than three months of operating reserves on hand. There are some things you can do immediately, (see some resources below). But when it comes to rebuilding, what lessons can be learned from folks who’ve successfully navigated the 2008 recession and other financial hardships? This Huddle was hosted by Ashoka Partnerships teams.

Learning: 

In this conversation, the Ashoka Partnerships team walked Fellows through funding resources available during this moment. See below for links and resources:  

  • Chronicle of Philanthropy compiled some of the grant makers currently accepting proposals for funding during the Covid-19 crisis, including:

    • The Elevate Prize Foundation is accepting entries for the inaugural Elevate Prize, which will give 10 awards, each worth at least $300,000 over two years, to organizations successfully making positive, transformational change in the world. 
    • Hispanics in Philanthropy will award at least $200,000 in grants through its Covid-19 Rapid Response Migration Fund to help frontline organizations that serve migrants. 
    • The Nellie Mae Education Foundation has created the Racism Is a Virus Too rapid-response grant fund to support organizations in New England that are addressing an uptick in hate crimes and bias against Asian American people because of the coronavirus pandemic.
  • Mutual Aid Disaster ReliefProvides a comprehensive list of Mutual Aid Groups across the country
  • New York Magazine article on SBA Loans
  • Coronavirus Round-Up: The Chronicle of Philanthropy has also provided readers a list of rapid-response grants that may be useful to their organizations.