Posts Tagged: non-profits

Arts Relief Grants Available April 8th

April 7, 2021 Posted by Kristen Anderson in COVID-19, Non-profits, Nonprofits, The Arts

Arts relief grants promised by the Consolidated Appropriations Act signed into law last December will be available on April 8th! The Small Business Administration announced that arts organizations will soon be able to apply for a Shuttered Venue Operators Grant (SVOG). The SVOG program will provide grants to theaters, museums and other performing arts producers …

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More COVID-19 Relief for Nonprofits!

March 16, 2021 Posted by Kristen Anderson in Congress, COVID-19, Non-profits, Nonprofits

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 …

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Finally, Relief for the Arts!

January 22, 2021 Posted by Kristen Anderson in COVID-19, Non-profits, Nonprofits, Pandemic, The Arts

A new relief program will provide grants to arts organizations that have suffered financially due to the COVID-19 pandemic. The Shuttered Venue Operators Grant (SVOG) program was established by the stimulus bill signed into law on December 27, 2020. The bill included several forms of additional coronavirus relief available to nonprofits, including grants to theaters, …

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Additional Coronavirus Relief for Nonprofits

December 23, 2020 Posted by Kristen Anderson in Charitable Deductions, COVID-19, Nonprofits

Congress approved a stimulus bill on December 21, 2020 that, if signed by the President, will provide additional coronavirus relief to nonprofits. The bill not only includes an extension of the temporary above-the-line charitable deduction, but also offers another round of forgivable Paycheck Protection Program (PPP) loans to nonprofits. Additionally, it includes several provisions that …

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Nonprofit Endowment Funds

December 2, 2020 Posted by Kristen Anderson in COVID-19, Economic hardship, Nonprofits

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, …

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New Financial Relief for Nonprofits

August 4, 2020 Posted by Kristen Anderson in COVID-19, Non-profits, Nonprofits, Pandemic

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 …

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