Senate Majority Leader Charles Schumer on Friday said he would work to expand the Paycheck Protection Program to nonprofits with more than 500 employees in future COVID relief legislation.
Since March, charitable nonprofit organizations have shed nearly one million jobs and “thousands” of organizations are now permanently shuttered, Tim Delaney, CEO of the National Council of Nonprofits, said Monday.
The National Council of Nonprofits applauded the extension, as well as other provisions, but said the package doesn’t do enough because it limits nonprofits’ access to PPP loans.
In response to the release of the latest COVID relief bill, National Council of Nonprofits President and CEO Tim Delaney released the following statement:
“This relief will help nearly 1,000 nonprofits keep their doors open to maintain services and meet the urgent needs of Kentuckians,” said Danielle Clore, chief executive officer for the Kentucky Nonprofit Network. “We appreciate Gov.
In response to the Emergency Coronavirus Relief Act of 2020, National Council of Nonprofits President and CEO Tim Delaney released the following statement:
Yet since the outset of the pandemic, nonprofits have shed nearly 1 million of their own workers: Not only has that created a greater need for services, but it has also driven up costs due to the need to purchase protective gear and execute other...
But as of now, the most likely variations of a deal wouldn’t even look to have a tax title, leaving a variety of avenues for tax relief out in the cold.
Donations to nonprofits plummeted in the first quarter of the year as lockdowns began and layoffs skyrocketed, said Rick Cohen, chief communications officer for the National Council of Nonprofits. In May, half of the charities that responded to ...