Nonprofit news of the week of 2/1/2021
| Nonprofit Sector Still Seeing Net Loss of Nearly 1 Million JobsThe Johns Hopkins Center for Civil Society Studies has released a new report that shows that nonprofit employment is still well below pre-pandemic levels. While the sector has recovered from its losses of nearly 1.64 million layoffs last spring, the industry is still facing a deficit of 929,000 jobs compared to before the pandemic. In fact, nonprofits lost 50,000 jobs in December, signaling that recovery will be a long time coming. Read more ➝ $2B Gap Exists In Giving To Black-led OrganizationsDespite trends in increased levels of giving in both 2019 and 2020, the racial giving gap continues to remain large. In 2019, only 4% of grants and contributions went to organizations with a Black, Indigenous, or Latino/a/x leader. To further highlight this disparity, “combined funding to Black communities makes up 1 percent of all community foundation funding” representing an underfunding of $2 billion, according to the National Center for Responsive Philanthropy. Give Blck seeks to advance racial equality in giving. Read more ➝ |
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