Interestingly, the COVID-19 crisis highlights, if not magnifies, the current environment in which nonprofits and funders operate. Accordingly, the trends we identified that we believe will continue to surface in 2020 have not vanished because of the crisis. On the contrary, the crisis has only magnified and will likely continue to magnify these trends.
We are in the midst of the 2019 novel coronavirus (COVID-19) pandemic and our lives are evolving on an almost daily basis. Industries globally are feeling the financial effects of the virus. The travel industry, for example, which is comprised of airlines, hotels, and parts of retail, restaurants, and technology is estimating that the drop in the industry’s economic activity could be as much as US$1 trillion. And the music and film industries are each projecting a US$5 billion loss. Millions in revenue are being lost daily across most industries.
2020 presents the opportunity for a new infrastructure build for the nonprofit sector. After all, it is the beginning of a new decade. To that end, I wanted to share my thoughts about the funding infrastructure trends to watch in 2020, informed by both my experiences with and observations of the sector. Yes, there are…
In our last article, I discussed the two reasons for the hesitation, reservation, and aversion towards flexible funding. Once those reasons are internally addressed, foundations and funders that currently provide no or a limited number of unrestricted or flexible funding awards can transition to bravely integrating this type of funding into their funding strategies. Discussing…
Over the past few months, a buzz has been created by the fact that some of the largest philanthropies in the United States have decided to increase their general support awards to their grantee organizations. Similarly, people have also been discussing Amazon founder Jeff Bezos’s award of unrestricted funding through his Day 1 Families Fund…
Remember the unicorn funding for infrastructure capacity building I wrote about in my last blog post? In it, I described what is needed for a catalytic conversation about funding infrastructure capacity building. The next step is being brave enough to determine how to fund a nonprofit grantee organization and build its infrastructure capacity. To do…
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Build Up Companies
The Build Up Companies team is made up of people located across the world.
