NYC COVID-19 Response & Impact Fund releases report, "Resilience & Resolve"
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"During the best of times, New Yorkers rely heavily on human services organizations that provide food, healthcare, housing, care for children and the elderly, and more. When the city became the world's COVID-19 epicenter in March and April 2020, demand for many of these services skyrocketed. At the same time, human services nonprofits faced unprecedented disruptions. For many groups, government funding was halted, facilities were closed, and staff needed personal protective equipment (PPE) and technology upgrades to work safely and effectively in a new and dangerous environment."
"The nonprofit cultural sector underpins almost everything positive in this city," said Bloomberg Philanthropies' Kate D. Levin, co-chair of the NYC COVID-19 Response & Impact Fund's arts and culture grantmaking committee. "It's grounded in every neighborhood."
New York's philanthropic community acted decisively when COVID-19 began disrupting life in our city.
On March 20, 2020, a group of donors—including the New York Community Trust, Bloomberg Philanthropies, Carnegie Corporation of New York, Ford Foundation, the Laurie M. Tisch Illumination Fund and more—announced the launch of the NYC COVID-19 Response & Impact Fund to provide emergency financial support to help small and mid-size nonprofits respond to emerging needs, cover losses associated with the disruption of their operations, and continue their critical work.
We are pleased to share with you "Resilience & Resolve," the New York Community Trust's report detailing the scope and impact of this historic fund, which distributed more than $110 million in grants and loans to nearly 800 nonprofits.
This report provides a closer look at the Fund's grant program, the nonprofits it supported, and the road ahead. To learn more about the loan program, visit Nonprofit Finance Fund.
Read the report here: Resilience & Resolve: NYC COVID-19 Response & Impact Fund Report