More COVID-19 relief for nonprofits is on the way! Both Congress and the State of California have set aside more relief funds for nonprofits. President Biden signed into law a revised version of the American Rescue Plan Act on March 11, 2021. Also, the California legislature authorized over $2 billion in additional financial relief for …
All employers have been greatly impacted by COVID-19 and nonprofit employers are no exception. We have posted frequently about the impact of COVID-19 on the nonprofit sector. To address the myriad issues related to being open for business while the pandemic continues, we invited our colleague, Richard Rosenberg, a trusted employment law attorney of Ballard …
California will offer almost $500 million in COVID-19 relief grants to small businesses and nonprofits. Through the California Small Business COVID-19 Relief Grant Program, nonprofits may be eligible to receive grants of up to $25,000. Applications will be available for the first round of grants beginning December 30, 2020. Program Details There will be two …
As nonprofits struggle financially during the pandemic, many may wonder if they may use endowment funds to keep them afloat. Due to their heavily regulated nature, nonprofits must be extremely careful before they use endowment funds to supplement their budget. Even before a nonprofit can determine whether and how it may use its endowment funds, …
New financial relief is available to nonprofits thanks to the Federal Reserve. As a result of the CARES Act, the Fed created the Main Street Lending Program (“MSLP”) to provide support to small and medium-sized businesses to offset financial devastation caused by the COVID-19 pandemic. At first, it was not available to nonprofits. However, on …
As the COVID-19 pandemic disrupts normal nonprofit operations, many nonprofit leaders are wondering how to operate their organizations during a national emergency. For many nonprofit boards, this may be the first time they have had to govern during a crisis. Although it may be difficult, or at times impossible, to continue with normal board actions, …
