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Resources for Nonprofits During the COVID-19 Pandemic

This is a critical time for nonprofits and agencies that serve those most vulnerable in our community. Truman Heartland Community Foundation is dedicated to our commitment of supporting local nonprofits as they face an increase in demand for services, decreased revenues and increased operational expenses caused by the pandemic.

This page offers important considerations to help nonprofits navigate resources available to nonprofits during this crisis. We will continue to update this list, but encourage organization to visit Nonprofit Connect's website for a comprehensive list of resources available to nonprofits.


NEW TRUMAN HEARTLAND WEBPAGE FOCUSES ON NONPROFITS

Truman Heartland COVID-19 SectionWe launched a new COVID-19 section on our website to help Truman Heartland fundholders learn about and donate to nonprofit organizations that are working hard to continue to serve those most at risk in our Eastern Jackson County community even in the face of this challenge.


FEDERAL EMERGENCY FUNDING AVAILABLE TO NONPROFITS

With $2 trillion in federal emergency assistance, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) contains several provisions for nonprofit organizations:

  • Loans for eight weeks of salary, health insurance and other overhead costs;
  • Loans can be forgiven if employees are kept on payroll for that time period;
  • Loans will be available at almost any FDIC-insured bank;
  • Funds can be used to rehire staff that were laid off due to the coronavirus.

Learn more about what’s in the bill for nonprofits from the Council on Nonprofits.


NONPROFIT CONNECT WEBINARS ABOUT FEDERAL RELIEF FOR NONPROFITS

Nonprofit Connect WebinarOn April 1, Nonprofit Connect held a webinar with Terry Mosteller, Founding Attorney of Mission Counsel, who shared up-to-date information regarding how the law is responding to the COVID-19 pandemic, and how this will affect nonprofits. Nonprofit Connect is providing the recording and slides free for the community. 

Nonprofit Connect WebinarOn April 27, Nonprofit Connect held a webinar that covered details of PPP, how to navigate the application process with your bank, and additional resources. Nonprofit Connect is providing the slides free for the community. 


SBA LOANS FOR NONPROFITS

In addition to traditional SBA funding programs, the CARES Act established several new temporary programs to address the COVID-19 outbreak. Including:

Paycheck Protection Program (PPP) 

  • For nonprofits with 500 or fewer employees
  • Can be used to cover payroll costs, as well as insurance premiums, mortgage interest, rent, utilities, and interest on prior debt.
  • Loans can be up to 2.5 x the borrower's average monthly payroll costs, not to exceed $10 million
  • Application Deadline: Application must be process by an approved lender by June 30. (Applications open April 3.)
  • How to Apply: You must apply through an SBA-approved lender.

Economic Injury Disaster Loans (EIDL) & Emergency Grants

  • All 501(c) private nonprofits are eligible (excluding religious institutions)
  • Can be used for payroll, sick leave, fixed debts, accounts payable, rent or mortgage payments, and other bills that can’t be paid because of the disaster’s impact.
  • 2.75% interest rate for nonprofits
  • Loans up to $2 million available
  • Application Deadline: December 21, 2020
  • How to Apply: SBA Application Online

When applying for the loan, you can also ask for an Emergency Grant of up to $10,000 that does not have to be paid back, even if your application is later denied.

Learn more about SBA Loans from the Missouri Department of Economic Development.


FAMILIES FIRST CORONAVIRUS RESPONSE ACT

Passed March 19, This bill includes a complex set of temporary paid leave mandates and employer reimbursement provisions, as well as funding for free coronavirus testing, food nutrition security, and Unemployment extension.

Learn more about what the Families First Coronavirus Response Act means to nonprofits from the National Council of Nonprofits.


DONOR ENGAGEMENT DURING COVID-19 

Now is not the time to be shy. Your donors want to help! Need some help asking? Check out these resources for fundraising during the coronavirus crisis:



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