Earlier this month, we noted that the financial situation for many nonprofits has grown so dire that even homeless shelters and food pantries are beginning to turn folks away.

Unfortunately, no government intervention plan has surfaced yet. But yesterday the Chicago Community Trust (CCT) launched The Unity Challenge, a fundraising program that could fill $3 million worth of budget gaps this year for agencies addressing issues of homelessness, hunger, foreclosure, unemployment, or domestic violence. 

For every dollar raised, CCT is offering to donate an additional two. While the fundraising has already begun online, the distribution of the money won't begin until early February.

Aside from bringing critical direct relief, CCT’s Jim Lewis tells us that the Trust is also releasing its vital signs reports in conjunction with the campaign. The hope is that by documenting the human toll of the economic crisis, public officials will recognize the urgency of crafting some sort of emergency plan.

“We’re definitely leveraging our resources and connections to provide more emergency services,” Lewis said of the foundation’s well-connected staff and board. “The lines at the food pantries are only growing longer and more people continue to lose their jobs and their homes”

In the meantime, the foundation’s forthcoming grants -- coupled with the state's newly-approved short-term borrowing plan -- should give agencies a much needed shot in the arm.