IN THIS UPDATE:

  1. Business First Grant - Thank You Westchester County and the Office of Economic Development!
  2. Resources
  3. Upcoming Policy and Advocacy Events
  4. Federal Issues and Updates
  5. Public Service Loan Forgiveness (PSLF) Waiver

BUSINESS FIRST GRANT

Thank you Westchester County and the Office of Economic Development for awarding 161 grants totaling $5.8 million to Westchester nonprofit organizations through the County's Business FIRST: Financial Investments for Recovery and a Sustainable Tomorrow program. Funding provides financial relief to organizations in Westchester County that have been negatively impacted by the pandemic.

RESOURCES 

  • See NPW’s Advocacy Toolkit HERE
  • See NPW’s 2022 Public Policy Agenda HERE

UPCOMING EVENTS

New York State Not-For-Profit Contracting Advisory Committee Meeting: Sept. 13, 1:00 PM - 3:00 PM

  • Via Zoom Webinar - Register HERE
  • See Meeting Agenda HERE
  • See Draft of April 12th NFPCAC meeting minutes HERE

NPW Disabilities Roundtable - Meeting with Kimberly T. Hill, NY State’s first Chief Disabilities Officer: Sept. 16, 11:00 AM - 12:00 PM

  • Virtual, Register HERE
  • More information HERE

NPW Public Policy Committee - Update and Presentation from the Human Services Council on the #JustPay Campaign: Sept. 22, 11:00 AM - 12:00 PM

  • Virtual, Register HERE 

NPW members are welcome to join the Policy Committee. Meetings take place every other month on the third Thursday. The #JustPay Campaign is fighting to end government-sanctioned poverty wages for human services workers. Learn More before the meeting at www.justpayny.org.

 

FEDERAL UPDATES

Nonprofit Sector Strength and Partnership Act 

Reach out to your members of Congress today to Show Your Support for the Nonprofit Sector Strength and Partnership Act of 2022 (H.R. 7587). This legislation would establish long-lasting structures and policies to tap the knowledge, trust and reach of nonprofits so we can make meaningful progress and ultimately increase our impact in the communities we serve because our voices will be heard more quickly.

Major Climate, Health, and Tax Bill Signed Into Law

On August 16, President Biden signed the Inflation Reduction Act, P.L. 117-169, a $739 billion package of climate, health, and tax provisions. The law promotes clean energy through spending and tax breaks, extends Affordable Care Act support for three years, and permits the federal government to negotiate drug prices. The measure also levies a minimum tax on corporations with billion-dollar revenues and taxes stock buybacks. About $300 billion of the revenues will go to reduce the deficit. Read the National Council of Nonprofits summary, A Nonprofit Perspective on the Inflation Reduction Act, for a listing of key measures of interest to charitable nonprofits. See also Summary: Inflation Reduction Act of 2022 Provisions from the National Conference of State Legislatures.

Temporary Public Service Loan Forgiveness (PSLF) Waiver - Spread the Word - ASAP!

Nonprofit employees have a little over two months to take advantage of the temporary Public Service Loan Forgiveness (PSLF) waiver. Please join efforts to spread the word before the waiver expires on October 31

The PSLF program forgives the balance of most federal student loans after ten years working for charitable nonprofits and governments. Too many debt-laden nonprofit workers don’t know about the benefits of the PSLF program or realize that the temporary waiver can in some cases provide immediate forgiveness for borrowers. As Rich Leimsider of the PSLF.nyc Campaign recounts in this article revealing how he benefited – including elimination of hundreds of future monthly payments, plus receiving a refund: “Five million Americans, including millions of nonprofit workers, are eligible for as much as $200 billion in loan relief.” Time to Celebrate and Act: The Amazing Student Loan Forgiveness Program We Have Right Now. PLEASE urge nonprofit and government employees: if you’ve thought in the past that you couldn’t qualify for forgiveness, follow Rich's lead, and definitely look again. People who had given up hope are discovering this new TEMPORARY program provides them with relief. 

Nonprofit Employers: Share free resources and provide added awareness efforts, education, and assistance in the coming weeks.

Nonprofit Employees: A nonprofit, The Institute of Student Loan Advisors (TISLA), is a great resource with free information about PSLF, how you might qualify, and all things student loans.

 

 
 
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