Additional relief from COVID-19 disruption came at the end of 2020 that may be beneficial for not-for-profit organizations. While much of the attention has been on the updates to the Paycheck Protection Program in the Consolidated Appropriations Act, 2021 a second law brought changes that not-for-profit organizations may want to note as well.
Topics: Grants, COVID-19, PPP, EIDL, SBA, PPP Loan Forgiveness, Consolidated Appropriations Act, PPP2, The Act, gross revenue, SVO, relief, Shuttered Venue Operator
Low unemployment, strong stock market performances, and increases in corporate profits made 2018 a stellar year for grant-making foundations and charitable trusts. The sector is primarily fueled by private contributions from individuals and corporations, investment returns, and capital asset gains, so when economic conditions are favorable, grant-makers do well, too. And when grant-makers do well, it benefits the not-for-profit organizations that rely on donations, grants, and endowments to support their programming efforts.
Topics: Donations, Endowments, Grants, IBISWorld
