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Government support was key for thousands of US nonprofits battered by COVID-19’s early costs − new research

The Conversation | mj0007/iStock/Getty
The Conversation | mj0007/iStock/Getty

We found that charitable donations declined by more than an estimated 20% during that period – which preceded a sharp end-of-year upswing in giving in late 2020. But the government grants to nonprofits, which soared during those six months by over 65%, and the Paycheck Protection Program – a government-run loan program established to support employers as the pandemic upended the economy – enabled many charities to retain their employees.

Posted in: News on 08/13/2023 | Link to this post on IFP |
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