Normal everyday life and significant portions of the economy have largely come to a halt due to COVID-19. For many, the services that the charitable and nonprofit sector provides have never been more needed.
As the ripple effects of COVID-19 are felt by charities and nonprofits, it is clear that revenues are going to be significantly impacted. The spring is normally a period of high activity and with
For years, both the sector and the federal government itself have discussed the need for reforms to decrease the administrative costs of these agreements, increase efficiency, and remove significant barriers for many charities...
Many charities and nonprofits from across the country took part in the pre-budget consultation process, asking that their priorities be included in the next federal budget. Their submissions provide a great snapshot of what the sector cares about in 2020.
Traditional revenue streams like fundraising events, door-to-door donations, and fee-for-service programs are no longer viable for most charities and nonprofits in the current social distance climate.
Organizations must adapt and pivot to weather the storm, and grants are a great way to diversify your portfolio. That being said, they aren't without their downsides — which is something to consider, particularly in times of crisis or change.
May 25, 2020
Alex Pryse & Kyra Tudlong
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