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In the community foundation world, donors often seek to create funds for the benefit of a designated individual or small group of people: for example, an individual with enormous medical bills, a family blessed with quintuplets, or a family that has lost its primary wage earner. Although…
Question: If our corporate foundation accepts contributions from employees, should we provide the contributors with receipts?
Answer: Yes, you should try to acknowledge all contributions and, if the contribution is $250 or more, you must provide a receipt. Corporate foundations organized as…
Many foundation board members wear more than one philanthropic hat. In addition to serving on the board of a grantmaker, they may also serve on the boards of grantseeking charities—or even on their staffs. Several issues may arise when board members find themselves on both sides of a grant…
https://cof.org/content/how-can-we-make-money-available-individuals-need-during-coronavirus-pandemic
Many private and corporate foundations and giving programs are grappling with how to quickly respond to those most in need in their community. This often means funding in new and different ways, including possibly making grants to individuals. Many corporate grantmakers are looking for ways to set…
As of May 13, 2020, the Treasury Department has issued new FAQs on the Paycheck Protection Program loan program.
Access Full Treasury FAQs
Questions and answers that may be particularly relevant to charitable organizations include:
The amount of forgiveness of a PPP loan depends on the…
Bill #1 – Enacted March 6, 2020
Approximate appropriation: $8.3 billion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the first bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific…
Bill #2 – Enacted March 18, 2020
Approximate appropriation: $104 billion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the second bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific…
Bill #3 – Enacted March 27, 2020
Approximate appropriation: $2 trillion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the third bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific…
Bill #4 – Enacted April 24, 2020
Approximate appropriation: $484 billion
Comprehensive Coronavirus Legislation Guide for the Charitable Sector
This is a summary of the fourth bill Congress passed to help with the effects of the coronavirus outbreak. This guide highlights the specific…
Since COVID-19 began impacting the United States, Congress has passed multiple packages to address a wide variety of issues and support the health care sector, businesses, individuals, and families. Certain provisions in each bill have relevance to the charitable sector and we have summarized the…