ACN Business

Government support was key for thousands of US nonprofits battered by COVID-19's early costs − new research

Written by Jennifer Mayo, Assistant Professor of Economics, University of Missouri-Columbia

Federal funding shored up charities when the economy was in distress.mj0007/iStock via Getty Images Plus

Government funding helped keep U.S. charities afloat during the first six months of the COVID-19 pandemic, according to a study I conducted with Stephanie Karol, a fellow economist.

We found that charitable donations declined by more than an...

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