Charity is off the charts amid the coronavirus. Is that a sign of America's strength or weakness? [Los Angeles Times (CA)]
Parsons Corporation (PSN)
Last parsons corporation earnings: 3/10 06:30 am
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Source: Los Angeles Times
The coronavirus outbreak has shut down entire school districts and turned bustling commercial corridors into ghost towns, but there’s one sector of society that’s busier than ever: philanthropy. The charitable acts have come in all shapes and sizes. Small checks to food pantries, foundations issuing emergency grants to desperate nonprofits and, most conspicuously, billionaires doling out big-dollar gifts with all the attendant publicity. Large charitable gifts from corporations, foundations and individuals, including faith-based and other sources, hit $7.8 billion worldwide last week, with about two-thirds originating in the United States — an amount that dwarfs records set after other disasters such as Hurricane Sandy. “It shows no signs of slowing up yet,” said Andrew Grabois, manager of corporate philanthropy at Candid, a nonprofit tracking the response. “We are just getting grants by the hour.” The calamity has stressed the charitable industry as it faces demands not imagined si
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