A Fund Seeks To Help Build Capacity of Nonprofits To Manage Coronavirus Relief Funds
The recently launched Momentum Fund seeks to support nonprofit organizations managing active COVID-19 relief and recovery funds that are helping communities recover from the COVID-19 pandemic.
According to the announcement, the Fund "will award grants of up to $100,000 to 501(c)(3) organizations managing COVID-19 funds that are providing grants to other 501(c)(3) organizations meeting the needs of communities and populations whose health and/or financial situations have been most severely impacted by the COVID-19 pandemic."
Eligible applicants include, but are not limited to community foundations, women's foundations/funds, identity-based foundations/funds, United Ways, philanthropy-serving organizations, nonprofit service organizations, and community-led nonprofits. The grants will help these organizations build their capacity to effectively grow, promote, manage and sustain their funds. Each organization can define the capacity it needs and apply for a grant of up to $100,000.
"Our hope," adds United Philanthropy Forum, the philanthropic network that manages the fund, "is that the Momentum Fund supports much needed nonprofit infrastructure in historically marginalized, under-served and under-resourced communities that have been most impacted by the COVID-19 pandemic."