Issue link: https://blog.providence.org/i/1367422
Orange County Community Resilience Fund Evaluation Report 15 While this loss of revenue is significant for most organizations, many have been able to replace or supplement some of their income through a variety of approaches. Some nonprofits have been able to be innovative in replacing lost sources through such approaches as online fundraisers, remote auctions, or offering paid educational or artistic content via the internet. 90% of organizations reported increasing their grantwriting efforts, and 81% increased their individual donation solicitations, which often included special emergency messaging. Many others have been able to access emergency funds from public or private sources. Graph 2 reflects sources of income that nonprofits have been able to tap into to address this gap. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Graph 2: Income Sources (n=210) Received private Received public Drew on reserves Redirected grant relief funds funds funding 90% of respondents reported receiving at least 1 private emergency grant; more than 50% received at least 2 such grants. 157 of the respondents reported having applied for the federal government's Paycheck Protection Program (PPP). While initial returns from this program were slow, by June 141 (90%) of these organizations had received funding. 28 organizations (out of 40 applicants) also received an Economic Injury Disaster Loan (EIDL). Respondents reported this additional revenue to be critical in keeping their programs running, their staff paid, and their organization solvent. More than half of organizations also drew on reserves or were able to redirect previously restricted grants or contributions to cover general operating costs. While this was not "new money," it still was instrumental as bridge funding for these organizations. Of those that drew on reserves, the average percentage taken from reserves was 42%. Of those that had not drawn on reserves, many reported anticipating needing to by the end of the summer. Larger organizations were more likely to have reserves and draw on them. However, some organizations expressed reluctance to use their reserves, most often coming from their board. There may be an opportunity to engage organizational leadership in the purpose of having reserves; as one funder said "You have reserves specifically to deal with a situation like this."