Reardon, Ober and Others Testify about Impact on Nonprofits

Center CEO, Kathleen Reardon, NH Charitable Foundation President Dick Ober and other nonprofits leaders gave testimony on Friday, April 24 to the legislative advisory board for the Governor’s Office for Emergency Relief and Recovery (GOFERR)

Kathleen Reardon, the CEO of the New Hampshire Center for Nonprofits, told the committee that nonprofits provide many different services from arts and culture and education to humans services and environmental protection.

They all have different revenue streams including government grants, philanthropy, foundations, and fundraisers, but all have seen their revenue streams negatively disrupted by the COVID-19 crisis, she said.

Across the state, nonprofits employ 83,000 and have revenues of $11 billion a year, she told the committee.

While their revenues have gone down, the requests for services have increased, Reardon said. "They need support now more than ever."

Dick Ober, president of the New Hampshire Charitable Foundation, proposed a two-tiered plan with $400 million to help with immediate, short-term needs, and longer-term help for arts centers, museums and concert halls. He noted during the last recession in 2008, giving to the foundation dropped by 25 percent or $100 million.

"This time it will be much deeper and last much longer," Ober said

Post date: April 27, 2020
Topics: NH Issues | NH News

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