Help Is Here For Eligible Small Businesses And Non-Profit Organizations
In a matter of weeks, the COVID-19 pandemic has created an environment of uncertainty that is testing both our core social and economic systems. These unchartered waters have particularly impacted...
View ArticleCOVID-19 Updates: Small Business Loans
Small Business Loans Available in Response to COVID-19 - The novel coronavirus (“COVID-19”) is here. While everyone is glued to their cell phones and smart TVs waiting to hear about the latest...
View Article501(c)(3) vs. COVID-19: Employer-Provided Disaster Relief
As we previously reported, charitable organizations are able to play an important role in providing disaster relief in response to the COVID-19 crisis. Special rules are relevant to employers that wish...
View ArticleCARES Act Provides Relief for Nonprofits
The recently enacted “Coronavirus Aid, Relief, and Economic Security Act,” known as the “CARES Act,” addresses many topics, including direct payments to millions of Americans, delay of employer payroll...
View ArticleCOVID-19 Update – How the CARES Act Effects Tax Benefits Related to...
On Friday, March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act” or “Act”). The Act was one of several Congressional responses to the...
View ArticleNonprofits and the CARES Act: A Closer Look
President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) on March 27, 2020, providing $2.2 trillion of emergency appropriations in response to the...
View ArticleBusinesses Seek Clarity Regarding Gift-Giving in Aftermath of COVID-19
Can businesses provide charitable donations to government agencies in support of COVID-19 emergency relief? In the wake of the COVID-19 outbreak, many corporations, businesses, industry groups and...
View ArticleProviding COVID-19 Disaster Relief: A Legal Field Guide for Charitable...
In the face of the COVID-19 pandemic, many charitable organizations are asking how they can participate in relief efforts while complying with the requirements of their IRC Section 501(c)(3) status and...
View ArticleCan We Use Charitable Funds More Broadly During the Crisis? Dealing With...
Like all sectors of the economy, charities are facing unprecedented times right now due to the coronavirus. Demand for their services are surging, while at the same time, many have had to cancel their...
View ArticleRelief Available to Nonprofits Under the CARES Act
The Coronavirus Aid, Relief, and Economic Security Act (the Act), the largest federal relief package in U.S. history, was signed into law on March 27, 2020, in an attempt to counteract the disruption...
View ArticleHosting Nonprofit Board and Membership Meetings Under COVID-19 Restrictions
Many nonprofits are now unable to hold board or membership meetings according to normal procedures, because of “shelter in place” orders or social distancing recommendations issued by state and local...
View ArticleCOVID-19: Relief for Nonprofit Organizations Under the Coronavirus Aid,...
The CARES Act (the Act) enacted on Friday, March 27, contains several provisions designed to provide relief for nonprofit organizations. In addition, a number of the provisions under the Act designed...
View ArticleCARES Act Also Benefits Nonprofits
The recently enacted CARES Act legislation contains at least two significant benefits that may be of interest to nonprofit organizations. One is in the form of Paycheck Protection Loans....By: Varnum LLP
View ArticleHow Nonprofits Can Benefit From The CARES Act - Summary of Provisions
On March 27, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act"). The CARES Act benefits nonprofit organizations. The below summary contains highlights...
View ArticleU.S. Congressional CARES Act & Nonprofit Organizations
Small Business Loan Program Expansion – “Paycheck Protection Program”: Provides 100% guarantee for bank loans made to qualifying business/organizations during the period of February 15, 2020 to June...
View ArticleCOVID-19: Governor’s Order about Annual Shareholder Meetings in New York
Most states have now issued stay at home orders and are mandating social distancing through April 30 and possibly beyond in light of the COVID-19 pandemic facing our country. As April and May are...
View ArticleReligious Institutions and the CARES Act: A Closer Look
President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) on March 27, 2020, providing $2.2 trillion of emergency appropriations in response to the...
View ArticleEvent Contract Cancellation in the Time of COVID-19
Force majeure and other important considerations for nonprofits. Nonprofit organizations should carefully review their event contracts before deciding whether to cancel due to COVID-19, in order to...
View ArticleCARES Act Guide – Overview Of Key Provisions Providing Relief For Nonprofits
On Friday, March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act or the “CARES Act.” The CARES Act is intended to provide significant relief to state and...
View ArticleRelief to Nonprofits and Incentives for Charitable Giving under the CARES Act
The Coronavirus Aid, Relief, and Economic Security Act (the "CARES Act"), signed into law by President Trump on March 27, 2020, provides access to loans or tax credits to certain nonprofit...
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