Report highlights NYC foundation's effective COVID-19 response

Report highlights NYC foundation's effective COVID-19 response

The NYC COVID-19 Response & Impact Fund, a funder collaborative launched in the early days of the COVID-19 pandemic, provided vital support to small and midsize human services and arts nonprofits impacted by the virus, a report from the New York Community Trust finds.

According to Resilience & Resolve: NYC COVID-19 Response & Impact Fund Report (32 pages, PDF), the fund enabled nonprofits in the city to meet emerging needs, cover losses associated with the disruption of their operations, and continue their critical work. Led by Bloomberg Philanthropies, the Carnegie Corporation of New York, the Ford Foundation, and other New York City-based philanthropies, the fund had disbursed more than $110 million as of July, including rapid-response grants through NYCT totaling $73.1 million to more than seven hundred and fifty organizations and $37 million in no-interest loans to forty-five nonprofits through a partnership with the Nonprofit Finance Fund.

The report notes that the fund supported efforts to address various inequities and assist groups and populations disproportionately impacted by COVID-19, and that organizations with majority Black, Indigenous, or people of color (BIPOC) staff accounted for 56 percent of grant recipients, those with majority BIPOC boards accounted for 30 percent, and those with majority BIPOC staff and boards accounted for 27.5 percent — in each case a larger share than the percentage of BIPOC applicants overall. 

The fund awarded three hundred and eighty-three grants totaling $43.7 million in support of human services, including counseling and case management services, food and supply assistance, direct cash assistance, support for remote learning, telehealth services, and housing and shelter. In the area of arts and culture, three hundred and eighty-one nonprofits received more than $29 million to help cover the cost of digital events, online learning, archival materials, and outdoor programs.

"New York City is an incredibly resilient place," Bloomberg Philanthropies CEO Patricia E. Harris noted in the report's conclusion. "It's been knocked down before and has come back for more."

(Photo credit: New York Community Trust)

"Resilience & Resolve: NYC COVID-19 Response & Impact Fund Report." New York Community Trust report 01/07/2021.