Physical distancing may still be in effect, but it hasn’t stopped our Partners from showing their support for the SVP community and the at-risk children and youth that our non-profit Investees serve.
We are thrilled to announce that after putting out the call to SVP Partners in our Snapshot on Thursday, March 26, we hit our initial fundraising target for the COVID-19 Capacity Response Fund. SVP Partners raised $33,000 and an anonymous donor, inspired by our cause, donated $75,000 to the Fund.
Thanks to this overwhelming generosity, we were able to open applications for ten $10,000 COVID-19 Capacity Grants to SVP current and alumni Investees in the first week of April. Our aim is to begin disbursing funds before mid April.
“This really demonstrates the power of the SVP community,” says SVP Executive Director Kevin Moorhead. “It’s inspiring to see such an immediate and massive rally of support around those who most need our help in this critical time. On behalf of the SVP team, I’d like to express our sincere thanks for your donations, as well as for all of the personal messages and offers of support that we’ve received.”
Obviously, this is just the beginning. The needs of our Investees and the at-risk children and youth they serve will continue to evolve over the coming months as the social and economic impacts of prolonged physical distancing play out. SVP remains committed to helping Investees, and the broader non-profit community, to weather the storm and emerge on the other side with the strength to build a better a future.
That’s why we are now moving into Phase II of our COVID-19 Capacity Response Fundraising. Phase II aims to raise an additional $100,000 to offer additional grants of varying size to those organizations most in need and to support the capacity programming and direct assistance that SVP is making available to all of our Investees.