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U.K. Edition
Friday, 14 June 2024

Local charities impacted by coronavirus economy impact

Credit: KSBW
Duration: 02:12s 0 shares 1 views

Local charities impacted by coronavirus economy impact
Local charities impacted by coronavirus economy impact

Nonprofits are being forced to make tough choices and prioritize to keep serving those in need.

ECONOMY THAT'SSTRUGGLING WITH THEPOTENTIAL OF A BIGECONOMIC HIT IS THENON-PROFIT SECTOR...ON THE CENTRAL COAST,NON PROFITS ARE ACRITICAL PART OF OURCOMMUNITY...OPERTING HUNDREDS OFPROGRAMS THAT TENSOF THOUSANDS RELYON....THESE ORGANIZATIONSARE BRACING FOR ASTORM.###PEBBLE BEACH FOOD AND WINETHIS YEAR IS CANCELLED... ONEOF MANY EVENTS NON PROFITSRELY ON FOR REVENUE...HUNDREDS OF NON PROFITSRELY ON THE GILROY GARLICFESTIVAL, THAT'S NOTHAPPENING AND WAS IMPACTEDLAST YEAR...WITH MANY PEOPLE OUT OFWORK, THE UNITED WAY ISIMPACTED THROUGHWORKPLACE GIVING...ALL FUNDING PROGRAMS TOHELP PEOPLE NOW AT THE TIMEOF GREATEST NEED..."NOT ONLY WILL THIS HAVE ARIPPLEEFFECT ON THE FAMILIES AND THEPATIENTS, THE PROGRAMS AND THEKIDS IN THE COMMUNITY, IT WILLALSOHAVE AN EFFECT ON ALL THEINDIVIDUALS IN THOSE JOBS ANDWORKING THERE." WHEN THEHOUSING BUBBLE BURST IN2007 AND 8 THE GREATRECESSION HAD A BIG IMPACTON NON PROFITS ....ON AVERAGE, 7-9 PERCENT OFGIVING DISAPPEARED...THOSE NUMBERS COULD BE FARWORSE, THIS TIME ...."I THINK WE FORGET SOMETIMESWHATA BIG SECTOR THE NON PROFITSECTORIS IN MONTEREY COUNTY.

IT'SABOUTTHE FOURTH LARGEST INDUSTY." SONON PROFITS ARE BEINGFORCED TO MAKE TOUGHCHOICES...AND PRIORITIZE TOKEEP SERVING THOSE IN NEED...THE PLAN?

:35-:52 "CONTINUE TOGET THE PROGRAMS OUT TO THECOMMUNITY THAT REALLY HELP ANDBENEFIT PEOPLE.

SOME OF IT ISSHIFTING HOW THEY DO WORK ANDMAKING IT MORE BASIC NEEDS, SOMEOF IT IS LOOKING AT HOW TO BRINGINTECHNOLOGY.AND THE OTHER PART IS HOW THEYARE MANAGING THEIR TEAMS ANDTHEIR WONDERFUL STAFFS SO THEYAREN'T PUT OUT OF WORK RIGHTAWAY."THESE DEDICATEDPEOPLE THAT WORK ATNON PROFITS DON'T GETA LOT OF FINANCIALREWARDS, AND SOME OFTHEM ARE NOW TOOWORRIED WHETHERTHEY'LL HAVE A JOB...ALSO OF CONCERN,ENDOWMENTS...THATHAVE TAKEN SOME BIGHITS FROM THE DROP INTHE MARKETS...####HAPPENING NOW..

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