A new law requiring electronic filing of the Form 990 goes into effect this year, and thousands of nonprofit organizations will be e-filing for the first time. To help groups navigate the e-filing process, the Aspen Institute’s Program on Philanthropy and Social Innovation (PSI) created an introductory brochure.
The global reach of Covid and its staying power both as a killer disease and an economic menace attracted a philanthropic response of $20.2 billion last year, more than double the amount given to the previous top 10 disasters combined, according to preliminary estimates released Wednesday. For many nonprofit leaders, however, the true measure of philanthropy’s response to both the pandemic and the racial-justice uprisings that followed the killing of George Floyd in May will be in whether foundations and other donors continue the less restrictive approaches to grant making they adopted during the pandemic’s early weeks.
During the coronavirus pandemic, government leaders and the news media have focused their attention on the economic struggles facing business. But America’s nonprofits are in the gravest danger.
The media is full of the economic consequences of the coronavirus. Here in the United States, 40 million people have lost jobs. Prominent businesses—from Hertz to J. Crew—have declared bankruptcy.
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.