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Leaders at the nation’s most influential nonprofits are pushing members of Congress to expand aid to the tax-exempt sector in any and all legislation that expands and builds on the Coronavirus Aid, Relief, and Economic Security (CARES) Act. A key element is a dedicated funding stream.
“The CARES Act provided some much-needed relief for America’s nonprofits — but it did not go far enough to meet the country’s increasing reliance on nonprofits helping people in local communities,” said Tim Delaney, president and CEO of the National Council of Nonprofits. “While most nonprofits are small businesses, the CARES Act lumped them into loan programs and processes designed for small for-profit businesses, resulting in nonprofits being disadvantaged by old forms and attitudes that too often exclude nonprofits.”
Delaney said that while the CARES Act moved in the right direction by making the charitable giving incentive available to all taxpayers, “the paltry amount of the added incentive (just $300) and the delayed time period (for taxes due in 2021) don’t meet the urgent need to incentivize significant giving now,” he said via a statement.
You can see the letter and the signers here https://bit.ly/2XuMqKi
The letter urges Congress to:
Several of these provisions are incorporated in the bipartisan SOS Act, H.R. 6408.
“We are pleased that Congress included specific areas for stimulus and relief for community-based human services organizations in the CARES Act,” said Susan N. Dreyfus, president and CEO of the Alliance for Strong Families and Communities. “However, it is clear from what we are hearing from our members that it just doesn’t go far enough. Many of our members who are larger than the 500 employees will see little to no funding due to the SBA loan employee cap.”
“As essential employees working on the frontlines to provide food, shelter and social services to vulnerable families, we recognize that there must be a separate track supporting nonprofits and community-based human services organizations in order to ensure that these organizations continue to do the vital work that keeps families safe, healthy and strong,” according to Dreyfus.
Jonathan Reckford, CEO of Habitat for Humanity International, said that in any disaster, it “is those with the least who are impacted the most. These are the families that nonprofit organizations like Habitat serve. Now, more than ever, we need to make sure the nonprofit sector is ready and able to answer the call. By acting on these priorities, Congress will be making a down payment on the long-term economic recovery of the communities they serve.”
As we celebrate our 36th year, NPT remains dedicated to supplying breaking news, in-depth reporting, and special issue coverage to help nonprofit executives run their organizations more effectively.