An emergency fund established by MVYouth to support early childcare providers on the Vineyard has awarded $150,000, the organization announced.

Funds will go to support both home-based and center-based child care on the Island.

MVYouth established the fund with $50,000 in mid-April to help the Island’s 20 child care providers.

Three MVYouth Founders, the Couch Family Foundation, Ziff Family Foundation and Mary and Jerome Vascellaro contributed to the fund, along with the Martha’s Vineyard Bank Charitable Foundation. A grant from the Commonwealth Children’s Fund was also received.

Awards were decided after evaluating each program’s operating expenses, revenues and subsidies. The goal was to help stabilize Island child care providers during the mandated 15-week state closure period, MVYouth executive director Lindsey Scott said.

There are nine center-based programs and 11 home-based providers serving around 380 young children on the Vineyard.