13 Percent of Nonprofits in a Survey Have Suspended All or Most of Their Operations
Nearly 17 percent have eliminated or reduced positions due to the quarantine, according to the study, which looked at 800 mostly smaller nonprofits.
By MICHAEL THEIS
Contributor
NoVo Fund, Led by a Buffett Son, Criticized for Staff and Program Cuts
Peter Buffett says overall grant making will increase this year even as priorities move away from advocacy to community building.
By Marc Gunther
Contributor
73% of Charities Worldwide See Decline in Contributions
A survey by CAF America also found that half of charities expect to see revenue decline by more than 20 percent over the next year.
By dan.parks
Contributor
House Passes Stimulus Bill With Sweeping New Benefits for Nonprofits
The legislation greatly expands nonprofit eligibility for loans and other benefits, but President Trump and Republicans who lead the Senate have shown no interest in the legislation.
By dan.parks
Contributor
Wealthy Donors to Congress: Make Us Give More to Charity
Led by the Wallace Global Fund, the group is asking congressional leaders to impose a minimum payout requirement of 10 percent for foundations and donor-advised fund holders.
By Alex Daniels
Contributor
Cutbacks at Social-Service Groups on the Rise, Poll Finds
Many are still waiting for federal aid, with 69 percent saying they had applied for a Cares Act Paycheck Protection Program loan, but half have not gotten any money.
By MICHAEL THEIS
Contributor
Fidelity Donor-Advised-Fund Account Holders Have Directed $230 Million for Covid Response
The increased pace of grant making comes a month after Fidelity Charitable officials pushed its donors to double their giving and direct funds to organizations providing relief from the impact of Covid-19.
By MICHAEL THEIS
Contributor
Organizations are turning to loans and lines of credit, trying to avoid layoffs, and coming up with strategies to ride out tough times.
By Jim Rendon
Executive Editor
Environmental and education groups are least likely to get gifts while donors say they are holding steady in their support of social services.
By Michael Theis
Contributor
Soros’s Open Society Employees Rebuke Management for Redirected Funds
A letter says a new $130 million commitment by the organization to respond to the coronavirus is leaving grantees in the lurch.
By Alex Daniels
Contributor
‘Breathtakingly Cruel’ Rule Will Hit Some Nonprofits That Have Laid Off Workers
The rule, which applies to certain organizations that self-insure unemployment benefits, tells states to bill those employers immediately for 100 percent of the cost of benefits paid to laid-off employees.
By dan.parks
Contributor
Simplified Rules Proposed for Nonprofits With Business Income
The proposed rules are designed to give clarity to a provision of the 2017 tax overhaul that required nonprofits with business income unrelated to their charitable mission, called UBIT, to calculate each “trade or business” separately.
By Michael Theis
Contributor
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.
By dan.parks
Contributor
How One Social-Justice Organization Diversified Its Revenue
When its views clashed with those held by grant makers, leaders focused on fundraising events, individual giving, and more to keep growing.
By Michael Anft
Contributor
Webinars and Other Events to Help You Deal With Covid-19 (April 20-24)
Our weekly listing of information and education events from nonprofit groups across the country.
Nonprofit Finances Hit on Several Fronts
Sixty percent said they are experiencing “destabilizing conditions that threaten long-term financial stability.”
By MICHAEL THEIS
Contributor