Community Foundation Of Broward Announces Coronavirus Response to The Issues That Matter

March 31, 2020

This is the time to BE BOLD for Broward and the Community Foundation of Broward is providing more than $3.5 million in support to help current grantees and nonprofits with Foundation endowments tackle coronavirus-related relief efforts in our community.

These resources – to sustain and grow much-needed community services – are being made available through modifications to existing Community Foundation grants and changes to our annual distributions from endowments. Endowed charitable Funds, established by local philanthropists who give through the Community Foundation, are fueling this short-term relief.

We are also working to identify additional endowed resources to enable the Foundation to strategically address Broward’s long-term recovery and the wide-ranging effects of the coronavirus crisis, which could linger for years. Our long-term strategy will focus on Broward’s Issues That Matter. They are Broward’s 10 biggest challenges, which have long been a priority for our Fundholders and have grown even more daunting due to the coronavirus.

The Foundation’s multipart response includes:

  • Grant Flexibility: We have worked with more than 40 local nonprofits to modify their existing Foundation grants. This flexibility empowers the organizations to repurpose more than $1 million in grants to enhance their coronavirus response and/or cover coronavirus-related budget shortfalls.
  • Strengthening Nonprofits: By moving up our annual distributions from agency and designated endowments – making those payments in mid-July instead of mid-October – more than 80 local nonprofits suffering coronavirus-related revenue losses will be able to access $2.5 million when they need it most.
  • A Strategy for Long-Term Recovery: The impact the coronavirus has on our community is evolving day by day. It could be months before the true effect of this pandemic becomes clear. The Foundation is keeping its finger on the pulse of our community and actively connecting with partner organizations and agencies at the federal, state and local levels. We’re reaching out, listening and learning as we develop strategies to deploy additional endowed resources to create the boldest impact possible on the Issues That Matter most to our struggling community.

The Power of Endowed Philanthropy Makes This Response Possible

Because of visionary Fundholders who have created endowed charitable Funds at the Community Foundation, we can take immediate action to help Broward face the coronavirus, with support for the Issues That Matter.

Through prudent investment, Fundholders’ endowed charitable Funds grow over time and last forever. Endowed charitable Funds are able to provide the sustained resources our community needs to fully recover from this crisis – which will not happen overnight.

How You Can Help

We are living through an extraordinary moment in Broward’s history. Turbulent times like these call for fortitude, courage and – just as importantly – generosity.

Your philanthropy through the Community Foundation can help tackle the short-term and long-term effects the coronavirus will have in Broward.

  • You can establish an endowed charitable Fund, in your name, to provide support for your community today and forever.
  • If you already have a Fund, you can add to your Fund and amplify your impact in Broward’s moment of need.
  • If you have a donor-advised Fund at the Foundation we need your help to support the areas we have identified as Broward’s greatest needs during this challenging time.
  • You can also strengthen the Foundation’s ability to respond to this crisis and future crises with a contribution to the Foundation’s endowed Community Impact Fund.

When you give through the Community Foundation, you can have peace of mind knowing that your charitable Fund will always focus support on what’s truly important. As issues evolve and crises happen, the Foundation ensures that grants from your charitable Fund fuel the short-term and long-term strategies Broward needs to thrive. It’s the most effective way to create BOLD impact that helps our community through challenging times – and shapes a brighter future.

To BE BOLD and make a difference for the community you love, contact Nancy Thies, Vice President of Philanthropic Services, at nthies@cfbroward.org and 954-761-9503, ext. 106.

And click here for more information about many of the questions we have received since the health crisis began, such as:

  • How To Advise on a Grant from your Donor-Advised Fund
  • Support for Professional Advisors
  • Grant Processing and Vendor Payments
  • Flexibility for Grantees
  • Strength and Stability of Foundation Investments
  • General Questions

Media Contact:

Kirk Englehardt

Vice President, Communications and Marketing

Community Foundation of Broward

kenglehardt@cfbroward.org

786-562-4282 (cell)

To learn more about the benefits of joining our Professional Advisors Council, contact Senior Director of Philanthropic Services Mark Kotler at mkotler@cfbroward.org or 954-761-9503.

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