Council of Nonprofits in the News

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Universal Deduction, Nonprofit Loans, Grants In Stimulus

“Access to emergency loans will help keep the doors of many nonprofits open, so they can continue serving their communities,” said Tim Delaney, president and CEO of the National Council of Nonprofits.

Tags: COVID-19, Coronavirus
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Museums’ Effort for Federal Stimulus Dollars Ends with Modest Results

As for the sector as a whole, the stimulus bill did not contain a specific funding amount targeted for nonprofit organizations.

Tags: COVID-19, Coronavirus
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How Nonprofits Can Utilize the New Federal Laws Dealing with COVID-19

Last night, the actual legislative language of the $2 trillion coronavirus relief bill finally emerged, and within hours the Senate passed the ...

Tags: COVID-19, Coronavirus
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Nonprofits Seek More Aid From Congress, Treasury Amid Virus

The organizations—which encompass public charities, colleges, and hospitals—are facing the same hardships as many small businesses, including closures, revenue loss, and employee furloughs and layoffs.

Tags: Coronavirus, COVID-19
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Odds and ends

Looking ahead, House Speaker Nancy Pelosi laid out a range of options that Democrats will be looking for in a fourth coronavirus package, without really delving into taxes.

Tags: COVID-19, Coronavirus
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Stimulus Bill Provides Nonprofit Loans, Grants, and One-Year ‘Universal Deduction’

The $2 trillion stimulus bill expected to clear Congress Friday expands the charitable deduction to all taxpayers for a year, makes nonprofits eligible for federal loans that could be largely forgiven, and boosts tax incentives for corporate...

Tags: COVID-19, Coronavirus
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All In This Together: Where To Give (& Find) Relief During This Crisis

To start off, this is a nonprofit directory that allows you to search for charities that are...

Tags: COVID-19, Coronavirus
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Florida nonprofits struggle for balance as COVID-19 drops donations and increases need for service

Experts with the National Council of Nonprofits fear COVID-19 may be on the path to creating a charitable crisis worse than the ’08 recession.

Tags: COVID-19, Coronavirus
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Nonprofits Urge Senate To Expand Coronavirus Tax Relief

While the universal above-the-line tax deduction for charitable contributions might help nonprofits, federal aid should include a “robust” charitable deduction with a raised limit that can be immediately claimed on 2019 tax returns, the...

Tags: COVID-19, Coronavirus
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Nonprofits Ask Congress For Tax Incentives, $60B Stimulus

Congress should provide a universal charitable giving deduction for contributions through the end of 2021, according to the Wednesday letter sent to congressional offices from more than 90 charitable and other nonprofit organizations including...

Tags: Coronavirus, COVID-19

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