OUR INVESTEES ARE GRATEFUL FOR YOUR HELP
SVP Vancouver continues to engage in discussions with our current and alumni non-profit Capacity Grant recipients (Investees) to determine their needs. These 26 nonprofits are working tirelessly to continue to provide critical support to at-risk children and youth and their families, and we are committed to helping them do it.
In April 2020, SVP Vancouver launched a COVID-19 Capacity Response Fund and disbursed over $150,000 in grants of up to $10,000 to 16 SVP Investees in order to help them cope with the challenges and new realities of providing services during COVID-19. In 2021, we are committed to meeting our ongoing grant commitments to Investees and will continue to provide unrestricted funding and capacity-building tools, expertise, and programming to support their work.
Here are the key issues that nonprofits have and continue to face.
The Challenge: Disruptions and Uncertainty
Faced with an ever-increasing demand for their services, nonprofits have experienced an overall disruption to their program delivery, operations, and typically predictable income streams. While many have successfully pivoted to online service delivery, their ability to sustain staff and meet the demands of our community’s most vulnerable groups remains strained.
The Commitment: Capacity Now and in Future
The needs of nonprofits and of the at-risk children and youth they serve will continue to evolve in 2021 as our society faces the threat of new strains, the challenge of vaccination roll-outs, and the continuing social and economic impacts of prolonged physical distancing and lockdown restrictions.
Nonprofit capacity—their ability to sustain their services now and in the future—is a struggle at the best of times. During the COVID-19 pandemic, the importance of capacity building is all the more clear.
As a capacity builder, SVP is committed to helping our Investees, and the broader nonprofit community, weather the current storm and emerge on the other side with the strength to build a better a future.
The Need: Financial Contributions
Amidst the need to mobilize additional programming as well as launch or improve new delivery systems to combat the effects of the COVID-19 pandemic, nonprofits have experienced:
- Loss in revenues from cancelled fundraisers
- Loss of revenues from earned income streams and social enterprise operations that have been limited or suspended
- Loss of donated goods and services resulting in the need for money to replace in-kind items
These losses force nonprofits to reduce their carrying costs and dip into their reserves (some have more than others), actions that jeopardize the long-term sustainability of their operations. What they need are unrestricted dollars to deploy where most needed.
How You Can Help: Become a Partner
In this time of crisis, the need for capacity building and unrestricted funding in the nonprofit sector has never been greater. Many funders restrict money and resources to specific programs, limiting the ability of nonprofits to shift funds to operations, overhead, or other programs as needed in order to innovate and adapt to changing circumstances—such as the unforeseen challenges that have arisen due to COVID-19.
For 20 years, SVP’s model of providing capacity building resources and expertise alongside unrestricted funding has enabled nonprofits to focus on areas of urgent need or exciting potential and to pivot when necessary. If you’d like to be part of empowering the amazing work that Vancouver nonprofits do to support at-risk children and youth, become an SVP Partner.