COLUMNIST
WEALTH MANAGEMENT MALCOLM BURROWS
Charity Armageddon?
C
BY MALCOLM BURROWS
Malcolm Burrows 8
FOUNDATION Magazine
January/February 2021
GARY TANNYAN
hicken Little thought the sky was falling. From the beginning of the pandemic last winter, the doomsayers predicted that the charitable sector would be hit especially hard. We’d see mass closures and bankruptcies. But when and how? Is COVID-19 an acorn or a harbinger of charity armageddon? Early predictions The dire predictions started last March. The charitable sector umbrella group Imagine Canada projected “that three months of mandated social distancing and the economic downturn associated with COVID-19 will cause charities to lose $9.5 billion and layoff more than 117,000 employees of which the vast majority would be women.” Imagine observed that “physical distancing and the economic slowdown upon revenues derived from foundationmag.ca
