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CNPE eNews: Agency Funding Available from Metro Louisville | Giving Tuesday | PPP Developments (April 27, 2020)

Local relief agencies: Apply for Louisville Metro COVID-19 Relief Fund
Metro Louisville SealLouisville Metro Government began accepting applications last Friday for the $2.7 million Louisville Metro Council COVID-19 Relief Fund. The Fund aims to help relief organizations experiencing a surge in demand for food and housing services due to the COVID-19 health pandemic. Details on how to apply here; don’t delay if you can benefit from this fund.#GivingTuesdayNow on May 5
Next Tuesday is one of two “Giving Tuesdays” in 2020 (the other is December 1). #GivingTuesdayNow lets people around the world leverage their individual power of generosity to remain connected and heal. Whether it’s helping a neighbor, advocating for an issue, sharing a skill, or giving to causes, every act of generosity counts. Nonprofits can use this day as an extra reason to get in touch with both current and prospective donors. Details here (and some helpful tips from the #GivingTuesdayNow folks here).

The Paycheck Protection Program refunding has become law, but may be depleted very soon
The good news is that, last Friday, President Trump signed into law the latest coronavirus relief bill, which included $310 billion to recharge the depleted Paycheck Protection Program. The bad news? Bankers expect that new money to also be depleted almost instantly by the massive volume of applications still queued up from the first round of PPP funding. So, if you have not applied for a PPP loan already, you should do so immediately.

In other PPP news, the SBA just issued must-read 31 FAQs on PPP loans. And if you got (or expect to get) PPP money, you will want to attend our May 7 webinar, “Forgive Us Our [PPP] Debts,” which will explore how you can maximize the amount of your PPP loan that will be forgiven.

(If you applied for an Economic Injury Damage Loan (EIDL), the SBA will send you an email with instructions on whether to reapply – while keeping your place in the queue.)

CEO Roundtable webinars

  • We filled all 250 seats for last Thursday’s webinar on Fundraising in the Age of Coronavirus – How Nonprofits Can Navigate Turbulent Times. You can (re)view this webinar here and the PowerPoint deck here.
  • Tomorrow, Tuesday, April 28, at 9:00 AM, you can get helpful tips on working remotely more effectively from IT guru Tucker Oldham from Advanced Business Solutions. Tucker will discuss Remote Working Tools, Tips, and Ideas  how using the right collaboration tools can boost your team’s efficiency and effectiveness. He will reveal which tools are best for which users, which are safest, and which are cheapest. You can register here.
  • This Thursday, April 30, at 9:00 AM, we will hear from Seven Counties Services President & CEO Abby Drane and Chief Operating Officer David Weathersby as they share some tips and strategies so nonprofit leaders can address mental health stressors associated with their work and COVID-19. Join us for “Nonprofits, Mental Health, and COVID-19.” Get details and register here.
  • On Wednesday, May 6, at 9:00 AM, you can get expert advice from Molly Penn on Scenario Planning: How to Lead through Uncertainty. As COVID-19 continues to unfold, nonprofits need a way of planning that embraces the speed of change in the world. Molly will discuss why scenario planning is vital to your organization’s sustainability and provide you an agile framework for strategy development . You can sign up here.
  • Thursday, May 7, at 9:00 AM, we are bringing back one of our popular, early webinar presenters, Becky Phillips, CPA, of MCM CPAs & Advisors. Way back on April 1, Becky did a  webinar on the Paycheck Protection Program (replay here). In this follow-up, Forgive Us Our [PPP] Debts, Becky and her MCM nonprofit team member Theresa Batliner, CPA, will help recipients of PPP loan funds understand: (a) how to calculate loan forgiveness; (b) how the amounts forgiven might be reduced; (c) what documentation you need to establish forgiveness; and (d) how to account for the loan and forgiveness. Not to be missed. You can register here[Editor’s Note: This link is correct, unlike the one in the last eNews. Sorry.]

We thank our volunteer presenters and sponsors who make these free webinars possible. We recently had our 1,000th person attend a COVID-inspired webinar.

“The List”: CNPE continually curates its useful COVID-19 Nonprofit Resources List. You will want to check it for updates.

Our Facebook Group: Join our Nonprofit Community Connection Facebook Group to engage informally with other local nonprofits and the CNPE staff on issues you are either struggling with or have had some success with. Our group tagline is “Learning through crisis to build a better world.” We just added our 200th member this week, so please join us.

Sun iconCNPE Self-Care Tip of the Day: Find the sun and warm up in it! Outside or even inside next to a window. Not only does this feel amazing, but it also supplies essential Vitamin D. It’s no trip to the beach, but we can make the most of a sunny day anywhere.

Hang in there. CNPE has your back. We hope you get access to the resources you need to continue your mission. Stay well.

My best,

Ann L. Coffey, CEO

The CNPE office is closed temporarily to help ensure everyone’s health. Our team is working remotely, though, and remains available to help members. Please don’t hesitate to contact us. CNPE Staff Contacts

P.S. Tell a friend: If you know someone who would benefit from reading our e‑newsletter, they can sign up here (or at the bottom of our home page at www.CNPE.org).