TBBW Virtual Connect: COVID-19 and the Impact on Philanthropy

October 26, 2020

Tampa Bay Business and Wealth opened a panel discussion on the impact COVID-19 has had on philanthropies for health associations all over the Tampa Bay community. For non-profit organizations it is essential to host philanthropic events every year to raise money and awareness for health issues that many Americans deal with. With the ongoing pandemic, many of these organizations have had to pivot the way they raise money to care for all their patients.

With social distancing in place, philanthropic events have had to get creative in the way they host charities. Many organizations have hosted virtual events rather than in-person events to keep everyone involved safe. By doing virtual events it has extended the geographical reach of viewers, but unfortunately funds raised has seen a decrease during these events. With lack of engagement during these events, organizations have felt the burden COVID-19 has had on our community. Luckily, many of these health organizations have had companies sponsor them pro bono to help keep their agenda alive.

Many non-profit organizations, such as the American Cancer Society, receive sponsorships from all different types of organizations to help push their agenda, but with COVID-19 these organizations have faced a downfall with their sponsors. A big reason for this decline in sponsorships is lack of funds due to the troubling times everyone is facing. However, organizations such as Pilot Bank have stepped up during these times and given their support to non-profit organizations to be able to carry on with care and focus on the issues at hand. This support has allowed for these organizations to move forward with their goals and continue to support people in need.

The Tampa Bay community has come together in a way no one has seen before. Organizations are supporting each other in every way possible, whether it’s donating to or sponsoring health associations. It is essential that this support continues throughout the community during this troubling time to not only keep the organizations afloat, but to support and advocate for all people and families in need.