COVID-19 Funding and Other Resources for Nonprofits
COVID-19 Funding and Other Resources for Nonprofits
San Diego, CA. April 2, 2020. First, we’d like to thank the nonprofit community for working tirelessly to support vulnerable populations who are disproportionately impacted by the ripple effects of the COVID-19 public health crisis. While we all scramble to adapt to these new realities, we are working hard to support both the immediate and long-term needs our communities face.
Below are some resources you may find helpful.
Two weeks ago, we announced that we had re-directed $400,000 to The San Diego Foundation’s COVID-19 Response Fund and No-Interest Loan Fund. The funds have raised more than $6 million. We are pleased to report that grant applications are now being accepted. Apply Here.
Coronavirus Aid, Relief and Economic Security (CARES) Act
Understanding the new CARES Act can be confusing. Does its Paycheck Protection Program apply to your organization? One of the clearest summaries we’ve found is at Independent Sector, who partnered with Washington Council Ernst & Young to aid nonprofit organizations in determining how the act applies to their organizations and how to proceed with filing for assistance.
State of California
There are two resources at the state level that may be of assistance to nonprofits:
- California Infrastructure and Economic Development Bank (IBank) which has the Small Business Finance Center.
- If you serve the homeless, the State’s Business, Consumer Services and Housing Agency has a grant program worth reviewing. The Grant Allocations report indicates that San Diego has been allocated $3,699,315.81.
For Funders + Corporations – Please Join Us
Please consider joining us in providing funds towards no-interest, short-term loans for nonprofits. Simply stated, our collective charitable giving is not enough to combat the scale of the impacts of this pandemic. In addition to grants, no-interest loans are an easy – and critically important—way to deploy recyclable capital that is desperately needed by nonprofits experiencing delays in government contract funding, delayed fundraisers and other revenue. Our nonprofit organizations are on the front-lines serving our most vulnerable neighbors, and many of them are at risk of being forced to reduce staff and stop programming at a time of massively increased demand for their services. According to results released last week byThe Nonprofit Institute at the University of San Diego in partnership with SDG, 14% of nonprofit leaders reported they won’t be able to make payroll in four weeks.
And lastly, from all of us at Alliance Healthcare Foundation, we will continue to support and partner with you through good and bad times. Together we make up a strong, compassionate, and vibrant region. Keep safe and healthy.
Here are important links for further information on the available funding as well as official updates on COVID-19:
We work to advance health and wellness for the most vulnerable in San Diego and Imperial counties through collaborative funding, convening and advocacy.
We envision a San Diego and Imperial County region where equitable health resources lead to universal health and well-being. We believe wellness is a state of complete physical, mental, spiritual, economic and social well-being, and not merely the absence of disease or infirmity.
We currently operate a portfolio of five programs:
i2 Innovation Initiative — also referred to as “venture philanthropy”—based on the thesis that innovation capital (often high risk, high reward) is needed to transform the current paradigm (high cost and poor outcomes) and improve quality, increase capacity and reduce costs;
Mission Support—based on the belief that trusting those closest to our constituents and providing core operating support for great organizations will best advance our mission;
Responsive Funding—based on the belief that it is important to be responsive to time-sensitive community needs and opportunities;
InvestUp—based on the belief that it is important to actively and strategically be looking for ways to meaningfully advance our mission and it is worth spending some or all of our corpus—beyond the earnings off of our endowment—if we can substantively, sustainably and positively change the dynamics; and
Impact Investments–based on the thesis that we can activate our investment portfolio to achieve more positive impact.
Our History. In 1982, the San Diego Community Healthcare Alliance (Alliance) created the first Preferred Provider Organization/Network (PPO) in the United States. From 1989 through 1994, the Alliance funded Alliance Healthcare Foundation (AHF) through profits from its Community Care Network (CCN) operations. In 1994, Alliance sold CCN to a national healthcare company and channeled the proceeds from CCN’s sale into an endowment of $83 million for AHF. That endowment has enabled funding of approximately $64 million (USD) in direct funding and approximately $41 million (USD) from national and local funding partners in San Diego and Imperial counties. Our endowment holds approximately $80 million in assets today, with funding for programs and operations derived from endowment investment earnings.
AHF Media contact:
Karen Winston, Communications Director, Alliance Healthcare Foundation
P 858-348-6472 E email@example.com