Nonprofits are being tested during the Covid-19 pandemic like never before. Few organizations went into the emergency with extensive reserves. Now, with fundraising events canceled, ticket sales gone, and contracts on hold, many organizations are struggling to survive financially.
Looking for a lifeline, charities are turning to loans, lines of credit, and emergency grants. Not all are getting what they need. Yet amid the pain and uncertainty, innovation abounds. Giving cash directly to people in need, an idea that’s been gaining traction over the past decade, has exploded in popularity during the crisis. And across the country, nonprofits have transformed their work — sometimes in a matter of days — to respond to urgent new needs in their communities.