Received: from mta5.cpro20.com ([216.24.226.5]:49351) by stodi.digitalkingdom.org with esmtps (TLSv1.2:ECDHE-RSA-AES256-GCM-SHA384:256) (Exim 4.92) (envelope-from ) id 1k5ALT-00049m-0F for lojban@lojban.org; Mon, 10 Aug 2020 09:08:21 -0700 DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; s=key1; d=cpro20.com; h=List-Unsubscribe:Message-ID:Date:Subject:To:From:Reply-To:MIME-Version: Content-Type; bh=KOAiOMafMj9/pCEUiIPKCO99Y/8aIYXoKrvTlyJfW+Q=; b=qbmeX27qtRovi/LSKjQWyEMVod1C9MdISLbD0vXo21nwlsqQbz5W2PzMp2YKnAnJ6gm0P6x8rCzz XwdoTt12Ixzl6nqQOLvUq9u4/PfqPcEwVSKCi8cjjN0U1LXJuDRCvZ6o+BYzTZnbDP8d/IsBFHd+ 3qtMbcIkvNTJ7WmoBzs= Received: by mta5.cpro20.com id h65ofc2kcooj for ; Mon, 10 Aug 2020 12:07:54 -0400 (envelope-from ) List-Unsubscribe: X-Campaign-Shard: 1 Bounces-To: bounce_rvlaud_gmnhvtit_o@cpro20.com Message-ID: <1597075520754.45432170.134176203.29719122258@backend.cpro20.com> X-Campaign: 45432170/134176203/29719122258 Errors-To: bounce_rvlaud_gmnhvtit_o@cpro20.com Date: Mon, 10 Aug 2020 12:07:54 -0400 Subject: 2nd Round of PPP Loans For Charities? To: Nonprofit Execs & Board Members From: "Inside Charity" Reply-To: "Inside Charity" MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_Part_653075402.1597075208946" X-Spam-Score: -0.4 (/) X-Spam_score: -0.4 X-Spam_score_int: -3 X-Spam_bar: / ------=_Part_653075402.1597075208946 Content-Type: text/plain;charset=UTF-8 Nonprofit Execs & Board Members, 2nd Round of PPP Loans For Charities? (Because of your important work with Charitable Organizations) Dear Nonprofit Execs & Colleagues In Service, Unfortunately time ran out before Congress could find common ground regarding a second round of stimulus monies. In response to the stalemate, President Trump signed four executive actions Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus pandemic. These orders include a $400-per-week supplemental unemployment payment to out-of-work Americans — short of the $600 weekly benefit that expired at the end of July. He unveiled an extension of student loan relief and protections from evictions for renters and homeowners. The President also issued a payroll tax holiday through the end of the year for Americans earning less than $100,000, while promising more relief in a forthcoming stimulus package. The second stimulus proposal from the Senate Republicans, named the Help, Economic Assistance, Liability Protection and Schools (HEALS) Act, includes multiple smaller pieces of legislation. These components would provide another round of direct stimulus payments to Americans, a freeze on Medicare premiums, and more Paycheck Protection Program (PPP) funding to charities including extending liability shields for nonprofits facing COVID-19-related lawsuits. Here’s what we know so far: Second Paycheck Protection Program (PPP) Loans For Nonprofits More funding will likely be available for the Paycheck Protection Program. The program provides loans to nonprofits with fewer than 500 employees and has already gone through two funding rounds in Congress totaling $650 billion. The Republican proposal for more PPP funding is included in a piece of legislation titled the Continuing Small Business Recovery and Paycheck Protection Program Act. The act would allow charities to receive a second PPP loan if they can demonstrate they’ve lost at least 50% in gross revenue, and would also create a $60 billion long-term recovery loan program that targets nonprofits, low-income communities and minority-owned businesses. Liability Shield for Nonprofits In a separate Republican proposal titled the SAFE TO WORK Act, charities and other entities would be protected from lawsuits tied to coronavirus infections. That includes businesses, schools, hospitals, churches nonprofits, universities and government agencies. Entities would be shielded from coronavirus-related liability, unless they engaged in gross negligence, consciously engaging in reckless disregard for...VISIT HERE FOR ENTIRE ARTICLE Inside Charity is pleased to report that over 200,000 executives, staff, board members, ministry leaders and volunteers rely on Inside Charity for their nonprofit news. We're grateful to everyone who has participated and want to encourage as many as people as possible to continue to share their experiences. Your written comments and contributions have helped your colleagues navigate this process. We are all in the throes of the global pandemic. Charities everywhere are feeling the effects of isolation measures, business shutdowns, travel bans, and markets crashing. InsideCharity is here to make sure receive the information you require to navigate these unprecedented times. We're in direct contact with the financial experts at the SBA to provide you real-time updates you need to navigate CARE Act funding. We look forward to hearing from you. Simply reply to this email or subscribe above to ensure you receive CARES Act Updates every time the Federal Government makes them available. Warmly, James P. LaRose, CNE, CDE, CNC Senior Editor You are subscribed to this email as lojban@lojban.org. Click here to modify your preferences http://trk.cpro20.com/form?27vv0r--11cug-dnhzxhu0&sl=y&t=1&ac=g62g or unsubscribe http://trk.cpro20.com/form?27vv0r--11cug-dnhzxhu0&sl=y&t=5&ac=g62g. ------=_Part_653075402.1597075208946 Content-Type: text/html;charset=UTF-8
(Because of your important work with Charitable Organizations)                                                 

Nonprofit Execs & Board Members, 2nd Round of PPP Loans For Charities?

(Because of your important work with Charitable Organizations)

VISIT HERE or Press Picture Below For Entire Article

Nonprofit Stimulus Package - Second PPP Loans .jpg


Dear Nonprofit Execs & Colleagues In Service,

Unfortunately time ran out before Congress could find common ground regarding a second round of stimulus monies. In response to the stalemate, President Trump signed four executive actions Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus pandemic.  These orders include a $400-per-week supplemental unemployment payment to out-of-work Americans — short of the $600 weekly benefit that expired at the end of July. He unveiled an extension of student loan relief and protections from evictions for renters and homeowners. The President also issued a payroll tax holiday through the end of the year for Americans earning less than $100,000, while promising more relief in a forthcoming stimulus package.

The second stimulus proposal from the Senate Republicans, named the Help, Economic Assistance, Liability Protection and Schools (HEALS) Act, includes multiple smaller pieces of legislation. These components would provide another round of direct stimulus payments to Americans, a freeze on Medicare premiums, and more Paycheck Protection Program (PPP) funding to charities including extending liability shields for nonprofits facing COVID-19-related lawsuits.

Here’s what we know so far:

Second Paycheck Protection Program (PPP) Loans For Nonprofits

More funding will likely be available for the Paycheck Protection Program. The program provides loans to nonprofits with fewer than 500 employees and has already gone through two funding rounds in Congress totaling $650 billion.

The Republican proposal for more PPP funding is included in a piece of legislation titled the Continuing Small Business Recovery and Paycheck Protection Program Act. The act would allow charities to receive a second PPP loan if they can demonstrate they’ve lost at least 50% in gross revenue, and would also create a $60 billion long-term recovery loan program that targets nonprofits, low-income communities and minority-owned businesses.

Liability Shield for Nonprofits

In a separate Republican proposal titled the SAFE TO WORK Act, charities and other entities would be protected from lawsuits tied to coronavirus infections. That includes businesses, schools, hospitals, churches nonprofits, universities and government agencies. Entities would be shielded from coronavirus-related liability, unless they engaged in gross negligence, consciously engaging in reckless disregard for...VISIT HERE FOR ENTIRE ARTICLE

Inside Charity is pleased to report that over 200,000 executives, staff, board members, ministry leaders and volunteers rely on Inside Charity for their nonprofit news. We're grateful to everyone who has participated and want to encourage as many as people as possible to continue to share their experiences. Your written comments and contributions have helped your colleagues navigate this process.

We are all in the throes of the global pandemic. Charities everywhere are feeling the effects of isolation measures, business shutdowns, travel bans, and markets crashing. InsideCharity is here to make sure receive the information you require to navigate these unprecedented times. We're in direct contact with the financial experts at the SBA to provide you real-time updates you need to navigate CARE Act funding.

VISIT HERE  TO SUBSCRIBE

We look forward to hearing from you. Simply reply to this email or subscribe above to ensure you receive CARES Act Updates every time the Federal Government makes them available.

Warmly,

James P. LaRose, CNE, CDE, CNC

Senior Editor


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