MacArthur Foundation, 4 other groups pledge $1.7 billion to support nonprofits battered by the coronavirus
MacArthur Foundation | June 12, 2020
Five philanthropic organizations, including the Chicago-based John D. & Catherine T. MacArthur Foundation, say they plan to donate $1.7 billion over the next three years to help nonprofit organizations around the globe that have been crippled by the effects of the coronavirus pandemic. In the United States alone, nonprofits employ about 10% of the private workforce, and in a recent survey, 73% of those organizations said they expect to see a 20% drop in revenue in the coming year, according to the MacArthur Foundation.