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Subject: Surprising Pandemic News; Legislation to Speed Up Giving; Crypto Giving Made Easy
Valerie Macon, AFP, Getty Images
Good morning.
This week brings very good news about the pandemic’s impact: The collapse of tens of thousands of nonprofits that experts forecast didn’t materialize, all signs suggest. It turns out that the mix of federal aid and strong foundation spending helped organizations avert the worst-case scenario.
Interviews the
Chronicle conducted with nonprofit leaders nationwide found that many organizations faced financial squeezes that forced them to cut back services, lay off workers, and make other changes that harmed their ability to do their work, but very few nonprofits appear to have completely shut down.