We recently shared the results of a survey we implemented to determine how our clients and other businesses in the area were managing during the COVID-19 crisis. The firms we surveyed represented a range of industries, and as we suspected, their responses were similar to those reported nationally. 

In the not-for-profit sector, some foundations and charitable-giving funds have stepped up their donations. But for nonprofits as a whole, both revenue-generating activities and fundraising have been hit hard, threatening their short-term operations. Our clients reported the loss of contributions due to canceled fundraising events, increased donations for laptops for students schooled at home, and reduced contributions from city governments.

Your consultant at SMC looks forward to helping you manage your company’s financial health as we continue to face the challenges of COVID-19. Please call us at (336) 884-0410 in High Point and (336) 272-9777 in Greensboro,