Recent Updates on the Main Street Lending Program Applicable to Nonprofits
The Main Street Lending Program (MSLP) includes facilities for for-profit businesses as well as nonprofit organizations. The Federal Reserve Board has recently announced a number of clarifications and...
View ArticleWhere is Main Street?—Fed Provides Guidance on the Main Street Lending...
On August 6, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) published an updated set of Frequently Asked Questions for the Nonprofit Facilities (defined below) (“Nonprofit FAQs”) which are...
View ArticleAnother Public Health Crisis: The Intersection of Gun Violence & COVID-19
As COVID-19 ravages communities across the United States, another serious public health crisis is also escalating: gun violence. Everytown for Gun Safety, a nonprofit organization and longtime...
View ArticleCARES Act Update – Overview of Expanded Main Street Lending Program
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides emergency economic stimulus to small businesses and certain eligible recipients in response to the economic distress caused by...
View ArticleIncreased Charitable Giving in the Time of COVID: Philanthropy or Tax Driven?
Even before the global COVID-19 pandemic hit, retailers across the country were already prioritizing charitable giving despite the existing downward trend in sales and revenue. With the recent global...
View ArticleSteve Bannon and Three Defendants Indicted for $25 Million “We Build The...
In a surprise indictment, the US Attorney’s Office for the Southern District of New York announced that Steve Bannon, Brian Kolfage, Andrew Badolato and Timothy Shea were indicted for defrauding...
View ArticleTeva under Fire from DOJ
Teva Pharmaceuticals USA Inc. is in the crosshairs of the U.S. Department of Justice (DOJ) on two separate matters. On August 18, the DOJ announced that it filed a lawsuit against Teva and an...
View ArticleFrequently Asked Questions: Labor & Employment for Nonprofit Organizations
The questions and answers below highlight labor and employment topics as they relate to nonprofit organizations. Classifying Your Staff - What is the difference between a paid employee and an unpaid...
View ArticleState of Delaware/New Castle County Launch $100 Million Grant Program for...
Governor John Carney and New Castle County Executive Matt Meyer have announced the launch of the DE Relief Grants Program, a joint initiative of the State and County to assist Delaware’s small...
View Article[Webinar] What Nonprofits Need to Know About Landlord-Tenants Relationships...
Real estate is one of the most significant costs for an exempt organization. Furthermore, the laws governing landlord-tenant relationships are complicated, as is a well-designed insurance program....
View Article[Audio] Episode 159 -- The Steve Bannon "We Build The Wall" Fraud Indictment
In a surprise indictment, the US Attorney’s Office for the Southern District of New York announced that Steve Bannon, Brian Kolfage, Andrew Badolato and Timothy Shea were indicted for defrauding...
View ArticleThe Main Street Lending Program is Now Operational for Loans to Nonprofit...
The Federal Reserve Bank of Boston announced on Friday that the Main Street Lending Program is now fully operational and is accepting submissions of eligible loans to nonprofit organizations, submitted...
View ArticleWhat Nonprofits Should Learn From AG Lawsuits Against NRA
On Aug. 6, New York Attorney General Letitia James and D.C. Attorney General Karl Racine brought blockbuster lawsuits against the National Rifle Association and the National Rifle Association...
View ArticleWhere is Main Street? The Federal Reserve Provides Guidance on the Main...
On August 24, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) published an updated set of Frequently Asked Questions for the Business Facilities (defined below) and an updated set of...
View Article[Webinar] Election Year Advocacy for Nonprofits: Do's and Don'ts for the...
In our first webinar, we will address: - Understanding what is possible with nonprofit advocacy - Identifying and avoiding political campaign intervention - Navigating permissible lobbying activities -...
View Article[Webinar] Navigating Nonprofit Governance Challenges - October 13th, 11:00 am...
In our second webinar, we will address: - Virtual board meetings - Satisfying duties of care and supervision in an all-remote environment - Financial reporting to the board - Accessing endowment funds:...
View ArticleMain Street Lending Program Opens to Nonprofits, Multiborrower Loans
The Federal Reserve recently expanded access to the Main Street Lending Program (MSLP) by fully opening the program to nonprofit organizations (NPOs) and accepting submissions of multiborrower loans....
View ArticleHigher Education Institutions and Nonprofit Organizations Face Potential Wave...
On September 21, 2020, a putative class action lawsuit was filed against the President and Fellows of Harvard College, Bank Street College of Education, and the Lower East Side Tenement Museum in...
View ArticleWhere is Main Street?—Fed Provides Guidance on the Main Street Lending...
Fed Releases Updated Frequently Asked Questions for Business and Nonprofit Facilities and Instructions for Lender Required Documentation - On September 18, 2020, the Federal Reserve Bank of Boston (the...
View ArticleNonprofit, Multi-Borrower Loans and Other Updates to the Main Street Lending...
Who Needs to Know - Lenders and potential borrowers considering making loans or borrowing under the MSLP. Why It Matters - In the month of September, the Federal Reserve Bank of Boston (Boston Fed)...
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