Here is the latest Chronicle reporting and advice to help you get up to speed on key legislation enacted during the Covid-19 crisis and what it means for nonprofits and their employees.
-
Government and Regulation
Nonprofits Likely Will Be Eligible for Main Street Lending Program, Schumer Says
The program is a $2.3 trillion effort to help organizations weather the Covid-19 crisis. Nonprofits had worried they wouldn’t be eligible. -
Finance and Revenue
Advocates Worry Nonprofits Won’t Qualify for New Lending Program
The Main Street Lending Program is yet another example of hasty legislative and regulatory efforts that have created confusion for charities in desperate need of a financial lifeline. -
Individual Giving
How the New $300 ‘Universal’ Deduction Works
The new measure applies to cash gifts only in an attempt to jump-start giving for coronavirus and economic relief efforts by middle-class donors — and to support all other causes hit hard by the crisis. -
Ask an Expert
Ask an Expert: Eligibility for Federal Stimulus Funds and the New Charitable Deduction
Do big endowments disqualify nonprofits from the Paycheck Protection Program? Are stimulus funds available only to groups whose revenue has dropped? We got answers to readers’ questions from the leader of an advocacy group for nonprofits and two fundraising consultants. -
Government and Regulation
How to Apply for Stimulus Benefits
Nonprofits are scrambling to make the most of the $2 trillion stimulus law, so the Chronicle gathered a panel of experts in a virtual forum to help you navigate the complex web of benefits available for your charity. -
Government and Regulation
IRS Extends Tax Day for Nonprofits and Foundations
Nonprofits and foundations facing tax deadlines of April 1 to July 14 now have until July 15 to file their returns. -
Podcast
Independent Sector CEO on How the Stimulus Package Can Benefit Nonprofits (Podcast)
Dan Cardinali says that nonprofits with 500 or fewer employees will have access to the Small Business Association loan program, which provides loans that are forgivable. -
Advice
Emergency Paid Leave: Answers to Your Questions
A human-resources consultant explains what nonprofit leaders and employees need to know about the new federal law that guarantees paid sick and family leave for reasons related to Covid-19. -
Opinion
What Nonprofits Should Know About the $2.2 Trillion Federal Covid-19 Aid (Opinion)
Nonprofits and those they serve will soon be able to access urgent types of emergency relief. -
Government and Regulation
Trump Signs Stimulus Bill Providing Nonprofit Loans, Grants, and ‘Universal Deduction’
The legislation expands the charitable deduction to all taxpayers for a year, makes nonprofits eligible for federal loans that could be largely forgiven, and boosts tax incentives for corporate giving. -
Government and Regulation
Senate Bill Would Create ‘Universal Deduction’ and Expand in Loans for Nonprofits
Much of the loan money would be forgiven with certain exceptions, according to an analysis of the legislation by the National Council of Nonprofits. -
Government and Regulation
Nonprofit Advocacy Groups Praise House Coronavirus Bill
Trump has indicated he will sign the bill, but the legislation faces an uncertain fate this week in the Senate, where some Republicans are expressing concerns about various provisions.