+“We’re just now looking at the CARES Act and all the SBA stuff trying to understand what kind of relief is available to nonprofits,” says Montana Nonprofit Association Executive Director Liz Moore.
+The unique combination of an economic downfall along with restrictions and social distancing protocols the country is experiencing to slow the spread of COVID-19 is creating a snowball effect, devastating nonprofits according to National Council...
+Fundraisers are being postponed or canceled. Donations have fallen as much as 75%. Businesses and events that nonprofits operate to earn money, ranging from opera performances to autism therapy centers, have been shuttered.
+Crucial spring fund-raisers and conferences have been canceled or moved to less lucrative online venues. Donors are stretched in many directions, preoccupied with their own problems, and much less flush than they were two months ago.
+“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.
+As for the sector as a whole, the stimulus bill did not contain a specific funding amount targeted for nonprofit organizations.
+Last night, the actual legislative language of the $2 trillion coronavirus relief bill finally emerged, and within hours the Senate passed the ...
+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.
+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.
+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...
