Over the last two weeks, Congress passed and the President signed two far-reaching pieces of legislation to provide relief to the American people and businesses – including nonprofits. These bills include major victories for nonprofits, operational relief, and new obligations.

The National Council of Nonprofits is hosting a national presentation to help nonprofits understand what the two laws mean for nonprofits.

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The Families First Coronavirus Response Act created new workplace obligations for employers and expanded supports for individuals affected by the COVID-19 pandemic. Eight days later, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) authorized more than $2 trillion in spending to inject cash into the economy, businesses, and nonprofits. There is a lot to unpack:

• Mandated paid sick and family leave and refundable payroll tax credits
• Generous loan funds for small (< 500 employees) and mid-size (between 500 and 10,000 employees) nonprofit employers; which program is best for your organization?
• Above-the-line or universal charitable deduction available for 2020
• Employee retention refundable tax credit
• Expanded unemployment and enhanced funding for social support programs

This webinar will share the latest analysis and information for charitable nonprofits, recognizing that multiple federal agencies must write the rules and forms and establish processes for getting money into the hands of nonprofits as quickly as possible.

Have Questions? 

Please contact Jan Fisher at jfisher@npwestchester.org or 914-439-0203.