Below is an archive of COVID-19-related announcements from The Denver Foundation:
The Critical Needs Fund Application is Now Open
Update as of Monday, April 20, 2020
The Denver Foundation is committed to helping our community navigate the COVID-19 crisis. Since mid-March, we have deployed nearly a half-a-million dollars through our Critical Needs Fund to organizations that serve the basic needs of communities in Metro Denver and across Colorado.
On April 6, we invited nonprofit organizations from Metro Denver and across Colorado to apply for funding through the Critical Needs Fund. The Denver Foundation will distribute $500,000 from the Critical Needs Fund to organizations that are helping communities respond to COVID-19. The application deadline was April 15. The Foundation is expediting the grant review process and will announce awards soon.
Please contact Dace West, Vice President of Community Impact, with questions.
What You Need to Know About The CARES Act
Update as of Friday, April 3, 2020
Last Friday, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a $349 billion stimulus bill to provide small business loans to nonprofits and for-profit organizations.
The Council on Foundations has compiled a summary of CARES Act benefits for small businesses and tax-exempt organizations, as well as links regarding the Paycheck Protection Program (PPP), the Economic Injury Disaster Loans, and other provisions of the CARES Act.
Here is some key information to help you assess what the CARES Act may mean for your nonprofit:
- Small to Midsized Nonprofits: Nonprofits with 500 employees or fewer that maintain their payroll can receive loans that are forgivable, essentially making this a grant.
- Larger Nonprofits: Nonprofits having between 500 and 10,000 employees can qualify for a loan through a new Industry Stabilization Fund. These loans cannot be forgiven; however, there are interest rate restrictions.
- Nonprofits of Any Size: Through the existing Economic Injury Disaster Loans (EIDL) program, nonprofits are eligible for loans at an interest rate of 2.75%.
- Charitable Giving Incentive: A one-time, above-the-line deduction for charitable contributions of up to $300.
- Other Programs: Self-Funded Nonprofits and Unemployment, Employee Retention Payroll Tax Credit, and Suspension of RMDs.
- Starting Friday, April 3, lenders will be able to start approving loan applications for the Payroll Protection Act. These loan applications will be funded on a first come, first serve basis until the funds run out. Begin the application here.
- Denver Metro Chamber of Commerce COVID-19 website.
- COVID-19 Updates and Resources from the Colorado Nonprofit Association.
- COVID-19 Business Resource Center from the CO Office of Economic Development and International Trade.
- “Cutting Through the Jargon: What the CARES Act Means for Nonprofits,” from Nonprofit Quarterly.
- Resources for Colorado Nonprofits from the Association of Funding Professionals Colorado Chapter.
The Denver Foundation will regularly share information and resources to help you navigate the impact of the COVID-19 crisis — and to continue your important work of serving our community.
CO COVID Relief Fund Application is Now Open
Update as of Friday, March 27, 2020
The Denver Foundation is honored to support the Colorado COVID Relief Fund, which was established by Governor Jared Polis to address the economic and social impact of the COVID-19 crisis in Colorado. To date, this fund has raised $7.7 million from foundations, businesses, and individuals across the state, including $100,000 from The Denver Foundation.
Like The Denver Foundation’s emergency COVID-19 grantmaking, the Colorado COVID Relief Fund focuses on helping those who are most vulnerable during this time. Resources generated by the fund will be distributed to eligible community-based organizations across Colorado.
Some information you may find useful:
Eligible community-based organizations working on COVID-19 prevention, impact, and recovery may receive unrestricted general operating grants of up to $25,000. Mile High United Way will disperse funds within three business days of funding decisions for each cycle.
There are currently five grant application deadlines, contingent upon funding availability: April 4, April 18, May 2, May 16, and May 30. Check out the eligibility criteria and watch this step-by-step application guide.
Mobilizing Philanthropy in Response to COVID-19
Update as of Wednesday, March 25, 2020
The Denver Foundation has activated a robust, collaborative philanthropic response to COVID-19. We will continue to provide regular updates to keep you informed and let you know how you can join our efforts. To learn more about The Denver Foundation’s response to COVID-19, please visit our website and our news platform, Floodlight.
GENEROSITY IN ACTION
Last week, Denver Foundation fundholders directed $3.6 million in donor-advised grants to more than 100 nonprofit organizations across Metro Denver and Colorado. Thank you to everyone who has mobilized philanthropic resources to respond to the needs of our community during the COVID-19 crisis.
ACTIVATING THE CRITICAL NEEDS FUND
The Denver Foundation is initiating another $360,000 in grants from the Critical Needs Fund to address COVID-19. We will continue to report on how we are using these funds to address gaps and mobilize resources.
Last week we made an initial round of grants totaling $120,000 from our Critical Needs Fund, with a focus on four organizations working collaboratively to meet basic human needs. Today, we are doubling that total with a second round of $30,000 grants to each of these organizations:
Today, we are also directing $240,000 in grants to four organizations working to coordinate delivery of critical services across the state and region:
Center for Community Wealth Building (CWB), which is setting up a relief fund to help small businesses withstand the economic impact of COVID-19.
Center for Health Progress (CHP), which serves as a hub for non-federally qualified health centers throughout Colorado, serving the state's uninsured and uninsurable populations.
Feeding Colorado, a collaborative effort of five food banks to coordinate resources, ensuring food-insecure Coloradans have access to healthy, fresh foods statewide.
Violence Free Colorado, Colorado’s relationship violence coalition, is equipped to dispatch resources to where they are most needed, and to provide technical assistance to more than 60 member organizations across Colorado.
The Critical Needs Fund pairs your support with our community knowledge, and we welcome your support for this response. If you would like to partner with The Denver Foundation to mobilize philanthropy in response to the COVID-19, please consider making a gift or recommending a grant to the Critical Needs Fund today.
The Denver Foundation is honored to join important regional and national philanthropic initiatives to address COVID-19.
Last week, The Denver Foundation gave $100,000 to Help Colorado Now, Governor Polis’ COVID Relief Fund.
The Denver Foundation joined nearly 300 foundations from across the country in signing the Council on Foundations’ Commitment to COVID-19 Action pledge.
On Monday, Javier Alberto Soto, our President and CEO, joined the Council and other philanthropic leaders in urging Senator Michael Bennet and Senator Cory Gardner to include the nonprofit sector in the COVID 19 Relief and Economic Stimulus Package.
Though our office is closed, we remain hard at work – and we want to hear from you. Engage in conversation with us on Facebook, Twitter, and Instagram.
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Denver Foundation Pledges Support to Colorado COVID Relief Fund
Update as of Wednesday, March 18, 2020
The Denver Foundation has joined Governor Jared Polis and the local philanthropic community in supporting the Colorado COVID Relief Fund. The Denver Foundation has pledged $100,000 from its discretionary funds to this fund.
The goal of the Colorado COVID Relief Fund is to raise and distribute funds to support unmet needs of the communities and agencies impacted by COVID-19 in response and recovery. The fund will focus on prevention, impact, and recovery. Denver Foundation President and CEO Javier Alberto Soto serves as a member of the Governor's Leadership Committee on COVID Relief, which will help ensure resources generated through the Fund are used to most effectively help those in need.
Please join us in supporting this critical initiative. To make a contribution, visit this link.
Denver Foundation Activates Critical Needs Fund
Update as of Monday, March 16, 2020, at 5 p.m.
In response to COVID-19, The Denver Foundation has activated our Critical Needs Fund to mobilize your philanthropy. Through this fund, we will rapidly deploy resources to serve those most at risk of serious disruption. Your gift to the Critical Needs Fund will provide essential support across Metro Denver.
Denver Foundation team members are tapping into our very deep roots in the community to identify high-impact organizations that serve the most vulnerable. Through the Critical Needs Fund, we’ll focus on critical issues including housing insecurity and lack of access to food and health care services.
Our first round of grants from the Critical Needs Fund focused on nonprofit organizations engaged in collaborative COVID-19 work, with an emphasis on organizations that may not have access to federal relief funding.
The Denver Foundation’s Critical Needs Fund was created through multiple gifts from generous donors. The Fund supports organizations that align with our mission, values, and objectives but are not typically supported through The Denver Foundation’s core grantmaking.
The Denver Foundation is always interested in good work happening in the community and welcomes information from organizations about their efforts. However, the Critical Needs Fund does not accept unsolicited grant proposals.
Denver Foundation Transitioning Staff to Remote Work
Update as of Friday, March 13, 2020, at 5 p.m.
The Denver Foundation transitioned to working remotely at 5pm on Friday, March 13, 2020. At this time, we plan to work remotely through Monday April 6, 2020. Although our office will be closed, we will remain hard at work – in partnership with you – to meet critical needs across Metro Denver and beyond.
We will conduct all site visits for grant applicants by phone or video conference.
We will conduct business meetings by phone or video conference.
We have paused in-person listening sessions related to our strategic framework. These sessions will resume later this year, and our online survey remains available.
We will inform our donors, grantees, and community partners if we expect any business functions to be limited, delayed, or temporarily unavailable.