Federal budget makes strides for nonprofits and charities

The federal budget laid out a series of measures that will support the nation’s charities, nonprofits and social entrepreneurs in what may be an unprecedented show of recognition for our sector by the federal government. The extension of the major emergency supports as well as a number of targeted measures for charities and nonprofits will provide much needed aid to the sector. Although charities and nonprofits were cited as partners in recovery, some of the sector’s key priorities were omitted from the budget.

The pandemic dealt a catastrophic blow to the capacity of tens of thousands of organizations essential to the functioning of communities across the country. Over half of the sector is reporting a decline in revenues, the average shortfall of those organizations being 43%. A strong, equitable and inclusive recovery will require that the government and the nonprofit sector work together strategically.

READ MORE HERE