[UPDATE: May 26, 2020]
The worst fears of the nonprofit sector – that donor support would evaporate because of the widespread financial disruption in society – have not happened. Donors have stepped up in a big way. Donor-advised funds, too, have responded with increased grants.
But there are worrisome statistics about overall contributions. And – of course – for many organizations, including those that rely on ticket sales, the lost revenue has been crippling. They will have a more difficult time during the COVID-19 crisis.
[April 3, 2020]
The coronavirus outbreak is different than past emergencies or disasters precisely because it’s affecting everyone around the world at about the same time.
This is a period of confusion and disruption; many organizations may wonder if this is an appropriate time to connect with donors. But experts, including those who have conducted fundraising campaigns in difficult circumstances, say that it’s critical to communicate with supporters right now.
There is also a consensus that the time is right for donor-advised funds to play an important part in the support and recovery of the nonprofit sector. DAFs control an enormous amount of wealth that can, and should, be distributed as soon as possible.