By Keiter CPAs
$3M Central Virginia COVID-19 Response Fund launched to support local not-for-profits
The Community Foundation for a greater Richmond launched the Central Virginia COVID-19 Response Fund alongside the Emergency Management Alliance of Central Virginia and PlanRVA in order to provide the necessary support to Richmond-area organizations addressing the immediate needs and long-term effects of the Coronavirus pandemic and community recovery efforts.
Grant Application Process
The grant program is available to nonprofits that operate in central Virginia with priorities set around essential services needed at this time, such as child and senior care, housing for the homeless, and food access.
Instead of a formal application process, organizations are instructed to explain their current needs via a Google form where they can provide in-depth information on the short- and long-term funding requirements, specific in-kind donations and volunteer needs of their organizations.
Grants will be considered on a rolling basis and organizations can apply more than once. An advisory committee will manage communications and grant decisions.
ABOUT THE CENTRAL VIRGINIA COVID-19 RESPONSE FUND
Beginning with $500,000 from the Community Foundation for a greater Richmond, the Central Virginia COVID-19 Response Fund has grown to nearly $3 million in initial funding with support from philanthropic and business partners. The Central Virginia COVID-19 Response Fund will be administered as a public-private partnership between philanthropy, government and the nonprofit sector to address the most immediate urgent needs, as well as the longer term effects of the pandemic and community recovery. Grants will be awarded to nonprofit organizations only, not individuals.
Additional contributors include: Altria, Atlantic Union Bank, Bank of America, The Cabell Foundation, Capital One, CarMax Foundation, Dominion Energy, Genworth, Mary Morton Parsons Foundation, Robins Foundation, VCU Health System, Wells Fargo, and several individual donors.
Additional COVID-19 Resources:
- Not-for-Profit Disaster Loans Available in Response to COVID-19
- Families First Coronavirus Response Act – Employer Tax Credits
- Federal and Virginia Tax Updates in Response to Coronavirus
- SBA Disaster Loans: A Financial Tool for Obtaining Liquidity
- IRS Defers Income Tax Payments in Response to COVID-19
- Navigating a Coronavirus Economy: What Business Owners and Businesses Need to Know
About the Author
The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.