Coronavirus Heightens Importance of Being a Transparent and Flexible Foundation

Autor(es) : Janet Camarena

In a week’s time, life has changed in unimaginable ways as a result of the coronavirus (COVID-19) outbreak.  All while adjusting budgets to a reality in which fundraising galas, revenue-generating programs, and conferences have come to a grinding halt. In such a perfect storm of calamity, philanthropic institutions must also depart from business as usual to continue to be effective community partners. So, how are foundations communicating a departure from business as usual during this crisis? What are some of the more proactive approaches to being flexible that foundations are offering, and how are funders trying to mitigate the stresses on grantees and communities?

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