Aspen had an endowment of more than $115 million at the end of 2018, according to its most recently available tax filing. The Washington Post has been a media partner on sports forums hosted by the Aspen Institute. Overall, the D.C.-based nonprofit organization is projecting a loss of between $14 million and $17 million for 2020. ADADBut the SBA has since advised recipients to return money if they can easily access funds from other sources. Canceling that event alone, DeMaria said, meant a loss of $5 million to $6 million.

Source: Washington Post May 13, 2020 15:09 UTC