TIPPING POINT COMMUNITY LAUNCHES RESPONSE TO COVID-19 WITH $1 MILLION TO GRANTEES
Encourages Additional Community Support in Time of Increased Need
SAN FRANCISCO (March 13, 2020) — Today, Tipping Point Community, a non-profit organization working to break the cycle of poverty in the Bay Area, announced it has committed $1 million to its grantees in addition to core funding due to the COVID-19 crisis.
For 15 years, Tipping Point has been a support system for the most effective groups in early childhood, education, housing, and employment. These 45 organizations work on the frontlines, serving the region’s low-income population and respond first-hand to the increased economic and public health need.
In the Bay Area today, 1 in 5 people have less than $400 in savings. For individuals living paycheck to paycheck, even a temporary loss of wages can mean the difference between housing and eviction. With institutional closures, hourly and contract workers — often without benefits — are hardest hit and left without resources they typically rely on, such as free and reduced priced meals provided by schools.
Non-profits are also faced with mounting challenges during an emergency. Organizations report loss of donations during times of crisis, especially now as they are forced to cancel fundraisers due to necessary public health measures like social distancing. For non-profits, loss of resources can mean lack of support for people when they need it most.
Tipping Point is calling on their donor community to increase their support during this unprecedented moment.
“Non-profit leaders are a different kind of first responder. They’re the first call for many people when they’re faced with impossible economic challenges such as losing their home or not being able to put food on the table — especially during a time like we’re in right now,” said Sam Cobbs, Tipping Point CEO. “We have an opportunity to help and we can do it quickly when the need is most acute. Now is the time to step forward, not step back.”
100 percent of donations to Tipping Point go directly to its grantees working on the ground supporting vulnerable communities. Tipping Point has stood by its core belief in providing unrestricted funding to its grantees so leaders can invest in their organization where there is the most need, especially during times of crisis.
To contribute to this effort or learn more about Tipping Point’s efforts to fight poverty throughout the Bay Area, visit www.tippingpoint.org/response.
ABOUT TIPPING POINT COMMUNITY
Tipping Point’s mission is to break the cycle of poverty for people in the Bay Area who don’t have the resources to meet their basic needs. Since 2005, Tipping Point has invested more than $260 million for housing, early childhood, education, and employment solutions in the region. Our board covers 100% of our operating costs, so every dollar donated goes where it’s needed most. Last year, we helped more than 21,000 reach milestones that break the cycle of poverty. To learn more, visit tippingpoint.org.