Opinion | Congress needs to include a bailout of nonprofits in the next coronavirus aid bill or millions of Americans could lose a critical lifeline. By kpalm313.
will have to shut their doors because of the recession. There are ways to keep that number on the low end, but it will involve the foundations and corporations that fund nonprofits to drastically overhaul their practices.
For foundations, the most critical thing they can do is increase their payouts. The Ford Foundation and four other major charitable funds announced in March they would borrow money to. This is good news, but ignores the most obvious solution—spend more from their endowments. Indeed, one of the most common questions funders ask is "How will you sustain this program after your grant funding ends?" as if it would be simple to turn a food bank or crisis hotline into a revenue-generator. When the crisis started, many funders let their grantees transition program grants to general operating support. If nonprofits need flexibility on how they spend their money during a crisis, they will also need it after.
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