April 6

How Will COVID-19 Impact Foundation Grants?

By William Worley

Foundations are largely stepping up to the unprecedented challenge presented to NGOs by the COVID-19 pandemic, according to experts.

Despite the recent financial downturn, some funding restrictions have been relaxed and an atmosphere of understanding among many donors is currently prevailing, with new funds and initiatives also being created in response to the outbreak.

But insiders said this response has not been universal, with some funders withholding planned grants amid the economic chaos sparked by the pandemic.

Photo courtesy of Pexels.

Source: Devex (link opens in a new window)

global development, NGOs, philanthropy