This pandemic affects low-income populations and communities of color the most, deepening existing inequalities and further polarizing economies and labor markets. Tides has created the Stronger Together COVID-19 Response Fund, an emergency response fund to support the social ventures that call Tides home: an unparalleled network of 140+ fiscally-sponsored organizations that:
- Advance innovative solutions
- Improve lives
- Drive lasting social change
These social ventures are now experiencing increased demand to serve vulnerable communities or those who have suffered unrecoverable losses due to the novel coronavirus. That’s why Tides pledged $500,000 in matching funds to galvanize support for our social venture partners through the Stronger Together Fund. We were incredibly moved by just how quickly our philanthropic partners stepped up and also contributed $500,000+ towards our $1.5M goal in just a week.
The Stronger Together Fund Supports Underserved Black and Brown Communities
For generations, rampant discrimination, terror, and violence have been waged against Black and Brown Americans. Today, these communities are also disproportionately impacted by COVID-19 as a byproduct of this long history of systemic racism.
At Tides, 88% of all social ventures are led by People of Color, and thus far 30% of the Stronger Together Fund grantees are Black or Brown-led organizations. With this fund, we intentionally created a trust-based application, decision, and award process.
The vetting criteria give extra scoring to applicants with leaders of color, that serve historically oppressed communities, and that are currently focused on addressing the needs of vulnerable populations exacerbated by COVID-19.
Given the racial inequities at the center of much of what’s happening and the urgency of those that are suffering, Tides is issuing a call to action to our philanthropic partners to more deeply engage in this struggle.
Our Partners Have Depended on Our Support for Four Decades
Because of Tides 40+ year history and our trusted reputation of being intimately connected with all of our partners, we assure that donated funds will be well-managed and distributed quickly and effectively. We’re already so deeply immersed in the daily operations of these mission-driven organizations that it provides us the agility to address their primary needs during this COVID-19 event, including:
- Unrecoverable economic losses and potential staff layoffs
- Stepped-up services and taking on added responsibility/work in light of this crisis
- Advocating for long-term systemic changes to policies, strategies, etc.
- Election 2020-related non-partisan activities that are hindered or curtailed and impact high-risk communities
- Support for first responders, disaster workers, and healthcare providers to prevent or mitigate potential burnout
- Frontline work supporting struggling communities facing hardship that COVID-19 has exacerbated
Our partners have the know-how and expertise to support vulnerable communities with health and economic resiliency challenges, and they need more resources during this crisis.
We invite you to support grassroots organizations that serve vulnerable populations, including our hard-hit Black and Brown communities, by donating to the Tides Stronger Together COVID-19 Response Fund.
Stronger Together FAQs for Donors
At Tides Foundation, the Stronger Together Fund is a pooled fund—a powerful, coordinated approach to grantmaking where many donors give to one fund. This particular fund supports 140+ social ventures that are adversely impacted by disasters or crises. These social ventures are nonprofit organizations that are fiscally-sponsored and supported by Tides through Tides Center. Currently, STF is focused on support to address the COVID-19 pandemic.
Eligibility to receive funds is based on the need of each Tides social venture. Grants range between $5,000 – $30,000, with exceptions considered on a case-by-case basis. The primary selection criteria is any social venture demonstrating need directly caused by the COVID-19 pandemic and economic fallout that will adversely impact their organization’s mission, such as:
- Substantial operational challenges
- Unrecoverable financial loss
- Unsupported programmatic costs
- Potential staff reductions
- Increased demands for services to support vulnerable populations disproportionately impacted by COVID-19
- Increased demands for services to communities already struggling with existing hardship that COVID-19 has exacerbated
An advisory committee, made up of Tides Network staff, makes decisions about which social ventures receive funds. Decisions will be made approximately every two weeks.
In the spirit of trust-based philanthropy, and in this difficult time, Tides trusts that grantees know best how to use these unrestricted funds. Through very brief applications to minimize administrative burden, Tides is learning the specific needs funds will be used for based on the criteria described above.To report the impact of the fund, Tides will use a qualitative approach to hear from grantees about how funds are being used and share these stories.
Increased agility and effectiveness. Pooled funds like the Stronger Together Fund are designed to provide confidence and ease for donors, as Tides has the connections and expertise to deploy funds where they are needed most, based on existing needs as indicated by the organizations themselves.
Coordinated support across donors and grantees. Pooled funds can also help ensure the work is better coordinated. Giving through STF helps leverage donors’ gifts and cuts down administrative time and costs for grantees. For instance, while an individual may be able to donate $10,000 to one organization, STF can pool those resources and make a $30,000 gift, which will have significantly greater impact.
Simplified overhead for grantees. Additionally, the grantee only has to process and manage reporting for one gift. This approach is Tides’ way of modeling the process that allows for grantees to focus on advancing their mission rather than the administrative burden.Learn more about starting a fund at Tides, where we can support you with your giving approach. If you’re interested in partnering with us, fill out this form.
Tides social ventures consist of over 750 employees across more than 140 organizations working towards our five priority areas:
- Economic development
- Healthy individuals and communities
- Sustainable environment
- Quality education
- Equality and human rights
We are grateful to accept gifts of all sizes. As of May 2020, we have received generous donations ranging from $1,000 to $500,000, with an average approximately $30,000.
Feel free to contact us at [email protected] with your questions. If you have a fund at Tides, you may also reach out to your Tides Advisor.