Federal CARES Act for Nonprofits skips pleasantries and goes straight to explaining how particular provisions in new coronavirus-related federal legislation may be beneficial to the work of most charitable nonprofits, sector-wide. Other provisions in the bill may help charitable nonprofits operating in certain subsectors (e.g., arts, education, hospitals), but this article does not address those. Federal CARES Act for Nonprofits (Coronavirus Aid, Relief, and Economic Security Act) Last night, the actual legislative language of the […]
CARES Act for Nonprofits – Friday, March 27, the Congress passed and the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion economic stimulus package legislated to provide immediate relief for nonprofits, businesses, individuals and state and local governments.
Marlowe Foster Says, “My Mother Was Right” was written by veteran fundraiser Marlowe Foster, who shares his Mother’s wisdom who said. “I always keep a little money in my back pocket. You never know when you are going to need it.” – Alma Foster Covid-19 struck with a swiftness and that back pocket money time is now.
How Nonprofits Will Receive CARES Act Funding – Washington, D.C. – The United States Treasury announced Sunday that FDIC insured local banks, credit unions and qualified lenders have been authorized to distribute CARES Act Funding to Nonprofits. According to this morning’s Senate CARES Act Questions & Answers, “The most efficient way to deliver fast credit to eligible organizations is through existing relationships with local lenders. Under the program, any qualified organization should be able to receive […]