Stimulus Help For Nonprofit Organizations

The alabama nonprofit grant program and the alabama faith based grant program will be awarded to eligible applicants on a first come first served basis up to a 25 million aggregate cap in each program.

Stimulus help for nonprofit organizations. It s called the cares act. Senators and representatives and insist that they do more in their covid 19 stimulus bill to support the ability of charitable non profits to serve and survive the pandemic and its impact on the economy. As congress continues negotiations this week on another phase of economic stimulus in response to the coronavirus nonprofit leaders are making their case for 60 billion in emergency funding a short term universal charitable deduction and participation in the emergency small business loan program.

This is an urgent request that you write or tweet your u s. The coronavirus preparedness and response supplemental appropriations act the families first coronavirus response act ffcra and the coronavirus aid relief and economic security cares act in that order. This week courtney found out that the federal government set aside money in the stimulus package for nonprofits just like them.

Under the cares act 370 billion of the. This is our guide to help make sense of the stimulus package for nonprofits. The stimulus bill also calls for the creation of a loan and loan guarantee program via a new industry stabilization fund specifically targeting mid size organizations defined as having between 500 and 10 000 employees.

However organizations that have over 500 employees are not eligible for these loans. Loan support for larger entities with 500 10 000 employees. A group of prominent charities is requesting that nonprofits receive 60 billion in emergency stimulus funding as part of the third coronavirus related bill congress is preparing to ensure.

There were three phases of relief legislation put into place in march 2020. According to the current version of the stimulus package both private and public nonprofit organizations are eligible to receive a portion of the 350 billion reserved for small business loans. The next stimulus bill from congress may be enacted as soon as today march 23.