The new stimulus bill makes donating to charity more attractive — but is it enough for struggling nonprofits?
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.
Charities and nonprofit organizations “can nod appreciation for the positive direction of some aspects” of the new stimulus package, Delaney said in a statement Monday. The universal charitable contribution’s extension was one such example, he noted.
The bill is “a critical temporary measure,” Delaney said, “but it fails to do enough to protect the nation’s charitable nonprofits — the organizations that tens of millions of Americans have been relying on for essential supports such as shelter, food, mental health services, and childcare.”
For example, Delaney said, rules surrounding the next round of cash in the Paycheck Protection Program may shut out mid- and large-sized organizations and turn away organizations that stayed afloat because of their first round of PPP funding.
