Research shows foundations shifting strategies due to COVID‐19

• Published date: 01 November 2020
• DOI: http://doi.org/10.1002/nba.30878
• Date: 01 November 2020

NONPROFIT BUSINESS ADVISOR NOVEMBER 2020

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DOI: 10.1002/nba

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Nonprots ill-prepared for short- or

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published in March 2019.

FEATURE WRITING

Research shows foundations shifting strategies due to COVID-19

New research from the Foundation Source shows

that private, non-operating foundations have shifted

their grantmaking strategies due to the COVID-19

pandemic.

In its new report, 2020: The Year That Changed

Everything—How Private Foundations Are Meeting

this Moment, the Foundation Source compares the

grantmaking behavior of over 100 of its foundation

clients in the second quarter of 2020 to that of 2019.

The data show a substantial uptick in giving in 2020

and signicant changes in how foundations are giving.

For example:

• 39% of respondents have shifted their founda-

tion’s mission since the start of 2020. They did so

primarily due to COVID-19 and the increased need

of nonprot organizations, the report said.

• 42% have increased the dollar amount of their

grantmaking since the start of 2020, and the same

percentage expect to do so in the remainder of the

year. In addition to COVID-19 and the increased

need of nonprots, respondents cited social injustice

concerns as factors in their decision.

• Although making grants to publicly supported

charities will always be the cornerstone of foundation

giving, some respondents employed, for the rst time,

other philanthropic capabilities. For instance, 15%

granted directly to individuals (versus to nonprots);

11% awarded scholarships; and 11% engaged in direct

charitable activities without the aid of a nonprot.

• Although 86% said they will continue to solely

grant to nonprots for the remainder of 2020, 14%

plan to give in other ways.

For more information, the report can be accessed in

full at https://bit.ly/3d3PYc8. ■

like Travelers and their industry peers are open to

working with their clients however they can to ease

the burdens they are facing right now. ■

INSURANCE (continued from page 5)

to general operating support.

• Give to existing philanthropic funds and in-

termediary organizations that are set-up to quickly

distribute grants to local organizations.

• Partner with other funders to maximize synergies.

For more information, the report can be read in full

at https://www.disasterphilanthropy.org. ■

GIVING (continued from page 6)