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.
By dan.parks
Contributor
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.
By dan.parks
Contributor
Nonprofits Seek $60 Billion Federal Aid Package
A letter endorsed by more than 50 nonprofit groups says that many charities will face a substantial strain due to increased demand for services.
By dan.parks
Contributor
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.
By dan.parks
Contributor
Update: Association of Fundraising Professionals Joins NTEN and SXSW in Canceling Its Conference
AFP was among the last holdouts among major philanthropy organizations holding conferences this spring. Many organizers are offering refunds or virtual alternatives.
By dan.parks
Contributor
Coronavirus ‘Rapid Response’ Funds Proliferate as Threat Grows
Also, a coalition of 30 national nonprofits and charity advocacy groups is urging Congress to include nonprofits in any stimulus package enacted in response to the coronavirus.
By dan.parks
Contributor
Coronavirus Is Hard on Nonprofits That Rely on Events
Some nonprofit watchers are pushing foundations to help fill the revenue gaps, while others urge nonprofits to come up with alternative events that will keep donors on board.
By Emily Haynes and dan.parks
As Coronavirus Threat Continues, Experts Tell Nonprofits to Shore Up Reserves
Nobody knows whether the economy will face as deep a struggle as it did in 2008, a year when charitable giving plunged 5.7 percent, but nonprofit experts say it’s time to be ready.
By dan.parks, Emily Haynes and Maria Di Mento
Coronavirus Giving Tops $1 Billion Worldwide
At least $729 million has been pledged from sources based in China, and $182 million from U.S. sources, including $100 million from the Gates Foundation, according to Candid, a foundation research group.
By dan.parks
Contributor
Consultants Fear Coronavirus Will Hurt Fundraising, Survey Shows
Preliminary results of a survey by the Nonprofit Alliance also show that one third of fundraising consultants are advising their clients to prepare for the financial impact of the virus.
By dan.parks
Contributor