Foundations Pledge Flexible Funding in Wake of COVID-19 Crisis

Foundations Pledge Flexible Funding in Wake of COVID-19 Crisis

Over forty foundations have signed a pledge to provide more flexible funding to help their grantees meet emergency needs resulting from the COVID-19 pandemic.

Informed by conversations with the Trust-Based Philanthropy Project, spearheaded by the Ford Foundation, and conducted in partnership with the Council on Foundations, the pledge calls on foundations and philanthropies to help grantees move quickly to address the social and economic consequences of the pandemic in vulnerable communities. Signatories have committed to taking a range of steps, from loosening or eliminating restrictions on current grants, to postponing reporting requirements and site visits, to listening to and working with grantees to generate thoughtful, immediate responses.

Signatories include the Burroughs Wellcome FundCalifornia EndowmentHeinz EndowmentsMeyer Memorial TrustNina Mason Pulliam Charitable TrustRockefeller Brothers Fund, and American Muslim CommunityAnnenbergBarrBrooklyn CommunityDavid and Lucile PackardEdward W. HazenJPBJoyceKalamazoo CommunityLuminaNorthwest AreaOakOverdeck FamilyRobert Sterling ClarkRobert R. McCormickSeattleSkillmanSurdna, and William and Flora Hewlett foundations. 

"As we experience this new reality, alongside partners and allies around the world, we must remember the remarkable impact we can make by working together," said Hilary Pennington, executive vice president of programs at the Ford Foundation. "Now, more than ever, we must join forces in a commitment to best serve our grantees, who are supporting communities on the frontlines of this global pandemic, with flexibility and resources however we can. The Ford Foundation is proud to take this pledge and we encourage our peer institutions to sign on, so our nonprofit partners can continue to propel their critical work forward."

For a complete list of signatories, see the Council on Foundations website.

(Photo credit: GettyImages)

"Top Foundations Pledge Flexible Funding to Grantees in Wake of COVID-19 Crisis." Council on Foundations Press Release 03/19/2020.