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Workforce and education organizations, like those in other sectors, have been hard hit by the coronavirus. They are scrambling to figure out virtual service delivery, new operational models and staff safety measures. In the midst of this, they are also acutely in tune with any new legislation and funding trends pertaining to COVID-19 that may help support their mission.
For example, there’s the Relaunching America’s Workforce Act which proposes funding existing workforce development programs at the local level; the 650+ funders distributing more than 3,000 grants to those missions affected by the coronavirus; and state responses to appropriate additional funding for coronavirus-related tasks.
Policymakers and foundations are making quick decisions about which organizations to fund, and while workforce and education may seem like obvious choices, COVID-19 has affected many missions, including healthcare, poverty, food security and a myriad of others, all vying for funding.
However, these mission-focused organizations are not positive about what the future holds for funding. In a survey of nearly 550 nonprofits in 93 countries, conducted March 24-26, 96.5% of respondents reported negative impacts related to the virus, including a drop in contributions (67.9%). Among all respondents, 41% anticipate a drop in funding of at least 21% over the next 12 months; 18% expect to see a decline of between 16%-20%; and 12% anticipate a decline of between 11%-15%. Only 3% expect to see an increase in revenue. The competition for funding will become even greater, which is why your workforce or education organization must take steps to clearly communicate the value of your mission to stay top of mind with policy makers and funders.
Workforce and education organizations, like those in other sectors, have been hard hit by the coronavirus. They are scrambling to figure out virtual service delivery, new operational models and staff safety measures. In the midst of this, they are also acutely in tune with any new legislation and funding trends pertaining to COVID-19 that may help support their mission.
For example, there’s the Relaunching America’s Workforce Act which proposes funding existing workforce development programs at the local level; the 650+ funders distributing more than 3,000 grants to those missions affected by the coronavirus; and state responses to appropriate additional funding for coronavirus-related tasks.
Policymakers and foundations are making quick decisions about which organizations to fund, and while workforce and education may seem like obvious choices, COVID-19 has affected many missions, including healthcare, poverty, food security and a myriad of others, all vying for funding.
However, these mission-focused organizations are not positive about what the future holds for funding. In a survey of nearly 550 nonprofits in 93 countries, conducted March 24-26, 96.5% of respondents reported negative impacts related to the virus, including a drop in contributions (67.9%). Among all respondents, 41% anticipate a drop in funding of at least 21% over the next 12 months; 18% expect to see a decline of between 16%-20%; and 12% anticipate a decline of between 11%-15%. Only 3% expect to see an increase in revenue. The competition for funding will become even greater, which is why your workforce or education organization must take steps to clearly communicate the value of your mission to stay top of mind with policy makers and funders.
Workforce and education organizations, like those in other sectors, have been hard hit by the coronavirus. They are scrambling to figure out virtual service delivery, new operational models and staff safety measures. In the midst of this, they are also acutely in tune with any new legislation and funding trends pertaining to COVID-19 that may help support their mission.
For example, there’s the Relaunching America’s Workforce Act which proposes funding existing workforce development programs at the local level; the 650+ funders distributing more than 3,000 grants to those missions affected by the coronavirus; and state responses to appropriate additional funding for coronavirus-related tasks.
Policymakers and foundations are making quick decisions about which organizations to fund, and while workforce and education may seem like obvious choices, COVID-19 has affected many missions, including healthcare, poverty, food security and a myriad of others, all vying for funding.
However, these mission-focused organizations are not positive about what the future holds for funding. In a survey of nearly 550 nonprofits in 93 countries, conducted March 24-26, 96.5% of respondents reported negative impacts related to the virus, including a drop in contributions (67.9%). Among all respondents, 41% anticipate a drop in funding of at least 21% over the next 12 months; 18% expect to see a decline of between 16%-20%; and 12% anticipate a decline of between 11%-15%. Only 3% expect to see an increase in revenue. The competition for funding will become even greater, which is why your workforce or education organization must take steps to clearly communicate the value of your mission to stay top of mind with policy makers and funders.
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