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  • Robb Report

    FOR YOUR CONSIDERATION

    Dec 01, 2020 5 minutes
    Lucy Alexander

    The mass cancellation of annual galas and other fundraising events, alongside the moratoriums on live music, theater and sports, has deprived nonprofits of the donations and ticket-sales revenue that keep them afloat, leaving thousands unemployed. And with donations flowing into emergency Covid relief, charities that provide essential services to the vulnerable are left struggling with increased demand at a time of decreased funding.

    “The damage to nonprofits has been unimaginable—they have already lost 1 million jobs—and it only projects to get worse,” says Rick Cohen, chief operating officer at the National Council of Nonprofits. “Every type of organization has been hurt.”

    The long-term prospect is no better, according to Phil Buchanan, president of the Center for Effective Philanthropy (CEP), because while services will eventually restart, future government funding will most likely be cut. “Everyone is expecting that the local, state and federal government budgets will be

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