The Community Foundation of Howard County, which raises, manages and distributes funds to support Howard County nonprofits, will contribute an additional $100,000 of rapid relief funds in a second wave of funding to help mitigate the damage of COVID-19 across Howard County. The foundation’s board of trustees unanimously passed the resolution to release the funds.
This $100,000 comes on top of an initial $103,000 raised through the foundation’s Howard County Community Relief Fund efforts in March and early April as well as an additional $65,000 in gifts directly to nonprofits from individuals and families with donor-advised funds.
“Community foundations exist to help in times like these,” said Beverly White-Seals, president and CEO of the Community Foundation of Howard County. “I’m proud of the way our board of trustees worked to quickly identify and release additional funding that is so desperately needed right now. I continue to be amazed by the generosity of our donors in support of vital programs and organizations across Howard County.”
The $100,000 will be released into the pool of funds coordinated by HoCoRespond.org, a collaborative leadership funding group consisting of the Community Foundation of Howard County, Horizon Foundation, Women’s Giving Circle of Howard County and United Way of Central Maryland.
The HoCoRespond group initially set a goal to raise $100,000 in 10 days in late March and early April. More than $200,000 was raised through the generosity of private individuals and foundations. HoCoRespond awarded $205,000 in grants to 13 nonprofits on April 20 but need throughout the community remained. A total of 56 eligible 501(c)(3) nonprofits requested funding.
Now a second campaign has begun with a goal of raising $200,000 in five days, twice the goal of the first campaign in half the time. The Community Foundation of Howard County board of trustees agreed to contribute with a gift using unrestricted operating funds.
“This is the moment for community foundations to step forward,” said Peter Panepento, president of the board of trustees. “Across the nation, community foundations are rising to the challenge and providing immediate resources to make a major impact locally. Our board understands the critical role CFHoCo plays in Howard County, and we will continue to be a leader in helping the people in our community.”
Individuals are still encouraged to make personal contributions through the Howard County Community Relief Fund. All gifts to the Community Relief Fund will be added to the board-approved $100,000 and pooled with the other funding from HoCoRespond.
“We contemplated using these funds as a matching gift challenge, but the needs are too immediate and too large,” White-Seals said. “This funding needs to get out as soon as possible. We encourage anyone with the capacity to give what they can to the Community Relief Fund or make contributions directly to nonprofits from their donor-advised funds. Together we will get through this.”
The Community Foundation of Howard County serves as a knowledgeable, trusted partner that forges connections between donors and nonprofit organizations to provide impactful investments in Howard County. The foundation has awarded more than $25 million in grants to organizations delivering human service, arts and cultural, educational and civic programs. Money for the grant programs comes primarily from income generated by the foundation’s endowment supported by more than 300 funds established by Howard County businesses, families and individuals. For more information, visit CFHoCo.org or call 410-730-7840.