Time for an emergency philanthropic stimulus; NJ legislating new charitable deduction; safe harbor for PPP loans under $2 million; & more
Time for an emergency philanthropic stimulus; NJ legislating new charitable deduction; safe harbor for PPP loans under $2 million; & more
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** Fed Chair: 40% of Those Making Less Than $40K Lost Their Jobs in March ([link removed][UNIQID])
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In remarks yesterday, Jerome Powell, Chair of the Federal Reserve, sounded an alarm and called on Congress to take immediate further action to stimulate the economy.
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** Voices from the Field: Time for an Emergency Charity Stimulus ([link removed][UNIQID])
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Chuck Collins proposes that foundations and donors to advised funds ought to be held to new payout standards for a future that requires all hands—and dollars—on deck.
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** NJ Pushes for Generous State Charitable Deduction ([link removed][UNIQID])
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New Jersey’s state association has successfully advocated for legislation to ease the burden on nonprofits during and in the aftermath of the COVID-19 crisis.
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** What Kind of Freedom Is This? From Prison to a COVID-Transformed World ([link removed][UNIQID])
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In response to COVID-19 and the high risk of contracting the coronavirus in prison, many states have released prisoners. Not all have a place to live on the outside.
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** Safe Harbor Announced for Paycheck Protection Loans under $2M ([link removed][UNIQID])
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While the SBA vows not to systematically “review” PPP loans under $2 million, it is important to ensure that you understand all the requirements of their management.
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** Unwavering, American Indians Fight for Stimulus Funds ([link removed][UNIQID])
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In New Mexico, 50 percent of COVID deaths come from Native communities, who make up just 11 percent of its population. Stimulus funding should reflect this reality.
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** Are Nonprofits Ready to Reopen? What Do We Need? ([link removed][UNIQID])
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Under economic pressure, nonprofit leaders need to make some hard decisions—ones that could benefit from collective discussion.
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Our volunteer writers are a voice for our sector in critical times, sharing news and insights about organizations, movements, and policy. As we work to rebuild our systems in a way that works for all citizens, NPQ will be listening, analyzing, and advocating for a just recovery. Be part of that work by writing for our page.
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