COVID-19 is changing priorities and deadlines for many grant applications. While there is money for the coronavirus, most of it will not help most nonprofits. Like small businesses sinking into bankruptcy, nonprofits are headed that way, too. Unless they manage their future.
One of the reasons grant deadlines have been delayed and priorities altered is that foundations are looking at their investments. Money will be tight due to the downward trend of the economy. Yet, like the recession of 2008, things will improve.
I am encouraging the nonprofits I work with to contact the foundations helping them in the past. Seek out and continue the relationships. During downturns and with reduced funding, foundations want to reduce risk. They are more likely to provide for nonprofits they funded in the past rather than recent ones.
Nonprofits can do more by looking for in-kind donations and volunteers. Plan for a lack of funding and seek non-funded options.
There will likely be despair. Yet, this is a right-now situation.
If you are a nonprofit who has been around for a few years, your mission has become important to many people. The positive impact to the community has been felt. Seek out businesses, government, and organizations who want to make sure the nonprofit does not fail. I hope the government and organizations help small businesses, too.