We’re living through a time of unprecedented challenges — a major public health crisis, a deepening recession, and widespread trauma and hardship. To get through it and recover, we’ll need unprecedented resources.

Already, Congress has authorized trillions in bailouts and stimulus funds. But as the record lines at local food banks attest, millions of Americans are still relying on the support of hardworking local nonprofits. Those nonprofits are going to need major infusions of support from charitable foundations. Fortunately, Congress can help them come up with $200 billion — without costing taxpayers another dime.

Read the full article at The Hill.

Chuck Collins directs the Program on Inequality and the Common Good at the Institute for Policy Studies. Morris Pearl is a former managing director of BlackRock, one of the largest investment firms in the world. He is the chair of the Patriotic Millionaires.

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