URGENT: PPP Part 2 is coming! | Celebrating How Nonprofits Support the Environment
The Paycheck Protection Program has almost been funded again – apply now!
As we go to press with this eNews issue, news media are reporting that the Senate has authorized an additional $310 to $320 billion for the PPP (with $60 billion of that reportedly reserved for smaller lenders to lend). And, apparently, another $10 billion has been earmarked for grants under the emergency Economic Injury Disaster Loan (EIDL) program. Both programs were wildly oversubscribed when introduced earlier this month.
Exactly when the House will also approve the new funding and when the President might sign it into law is unclear at the moment. It is also unclear whether applicants queued up for loans when money ran out last week will keep their place in line.
What is clear is that any nonprofit that has not yet applied for a forgivable Paycheck Protection Plan loan (and thinks it can use at least 75% of the funds to retain/rehire employees in the eight weeks after receiving them) should call their banker TODAY and submit their application. See our SBA Loan Resources page and get going! (And if you meant to apply for a $10,000 grant under the EIDL and did not, you may want to apply on line ASAP once that window reopens; see this SBA page.)
Meanwhile, see below for our upcoming webinars – including a new one on how to ensure that, if you did get a PPP loan, you will qualify to get as much of it forgiven as possible.
Happy 50th Earth Day!
Well, here’s a paradox: The original worldwide Earth Day was declared on April 22, 1970, to promote environmental health in the face of massive threats from pollution. Fifty years later, we’re catching glimpses of the Earth healing itself only one month into a global pandemic that has forced humans to shelter at home and whole economies to power down to a hum.
CNPE has at least two dozen nonprofit members that identify as being focused on the environment – and many more members have environmental stewardship as an essential part of their overall mission. (See a complete list of our nonprofit members here.) Today, on the 50th anniversary of the original Earth Day, we celebrate all of you for your dedication to healing and saving the only planet we have to live on. Who knows? We may emerge from this disorienting time with a renewed reverence for Earth – and a heightened commitment to keeping her healthy.
(It’s also National Administrative Professionals Day. So do something extra nice for the co-workers who keep your place running, virtually or otherwise – particularly in these dizzying times.)
Upcoming CEO Roundtable webinars
Tomorrow,Thursday, April 23, at 2:00 PM, we are hosting a very timely webinar on Fundraising in the Age of Coronavirus – How Nonprofits Can Navigate Turbulent Times. Our presenter, Bill Stanczykiewicz, a core faculty member of IUPUI’s Lilly School of Philanthropy, will be offering advice on how to (a) make up for revenue lost due to cancellations; (b) empower and encourage your donors when they are afraid, too; and (c) keep anxiety from overwhelming your organization’s future. Only a few seats left! You can register here.
On 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. No one knows how long remote work will be necessary – and it could even become a default mode for some of us. Tucker directs ABS’s technical account management, and he 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.
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 fact-packed webinar on the then-new Paycheck Protection Program (replay here). In this follow-up webinar, Forgive Us Our [PPP] Debts, Becky and her MCM nonprofit team member Theresa Batliner, CPA, will help both current and future 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.
We thank our volunteer presenters and sponsors who make these free webinars possible.
Delta Dental offering no-strings $10,000 grants to 501(c)(3) nonprofits
Through April 30, 501(c)(3) nonprofits whose services benefit Kentuckians can apply to Delta Dental of Kentucky’s COVID-19 Emergency Fund for $10,000 grants. The grant funds are NOT restricted, and applications won’t be reviewed until May 1. So you still have time to apply, at community.deltadentalky.com/Relief. Details in this press release.
Get your free consulting here: Our stable of nonprofit consultants are offering all eNews readers (and not just CNPE members) up to one hour of free consulting time to help you work through some of the novel challenges you face today. Details and a simple signup form here.
Our Facebook Group: Join our new 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 already have more than 160 members – please join us.
Hang in there. CNPE has your back. We’re glad to be sharing this planet – and this moment – with you. Stay well.
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
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