Creating a pooled fund of flexible capital could help resuscitate our arts ecosystem and build a more sustainable future for the arts and cultural sector post-COVID-19.
The Recovery Phase will be aimed at grant funding to counter the long term impact of COVID-19.
The fund will award a total of $8.5 million in grants to organizations managing funds explicitly devoted to providing COVID-19 relief to communities of color, low-income populations, and others being disproportionately impacted by the crisis.
New funding supports operating expenses and promotes racial equity at 22 local organizations responding to increased demands and organizational stressors of the COVID-19 pandemic.
Developed by the Center for High Impact Philanthropy at the University of Pennsylvania and Philanthropy Network Greater Philadelphia with support from William Penn and Lenfest Foundations, the dashboard is one of the first efforts to collect grants data from numerous pooled giving funds and share it publicly, mapped against demographic and economic data.
Up to $100,000 in grants may be awarded through each of three programs: Nonprofit Planning, Arts & Culture Ramp-up, and "You Are Here," to foster human connection in Berks County.
With new data about the financial health of Greater Philadelphia nonprofits combined with troubling trends due to COVID-19, it's clear that collaboration will be a vital strategy for both nonprofits and funders if the sector is to continue to provide essential services and stimulate innovation that advances social purpose.
New program delivered by Nonprofit Finance Fund provides financial expertise and coaching to a diverse group of nonprofit leaders as they adapt and rebuild from impacts of COVID-19.
The Neighborhood Equitable Recovery Fund is a partnership between the Office of Community Empowerment and Opportunity (CEO) and Bread & Roses Community Fund that will support grassroots neighborhood nonprofit organizations that serve communities of color and those with low incomes, which have been hardest hit by the COVID-19 pandemic.
