July 29, 2020 – The NYC COVID-19 Response & Impact Fund today announced that more than $110 million in emergency support has been distributed to 768 New York City-based social services and arts and cultural nonprofits affected by the coronavirus public health crisis. More than $73 million in grant funding was managed by the New York Community Trust and over $37 million was managed by Nonprofit Finance Fund for no-interest loans. Small to mid-sized nonprofits across New York’s five boroughs applied for grants or interest-free loans to ensure the continuity of their daily operations and to help counteract lost revenue that challenged their ability to pay rent, make payroll or fulfill their public service missions.