March 30, 2020

Info Nonprofits Need Regarding the New Stimulus Package

Nonprofits have been struggling to stay afloat amidst the restrictions put in place due to the COVID-19 pandemic, just as other businesses have been.

They have been forced to cancel or postpone vital events and fundraisers that allow them to pay for staff and services needed in our community. This has the potential to have a catastrophic effect on their ability to continue addressing some of our community's toughest problems. They need our support now more than ever. In this time of need, please consider donating to a few of your favorites directly or to dozens a month through Givable's donation platform.

Thankfully there is some assistance for nonprofits in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was signed into law last week. Below are a few options in that bill that were created to help nonprofits and other businesses retain current employees and rehire ones that were furloughed or laid off.

Paycheck Protection Program

Expanded Economic Injury Disaster Loan (EIDL) & Emergency Grants

Mid-Size Loan Program

Consider supporting local nonprofits by donating as little as $8/month (25¢ per weekday) to dozens of local charities a month with Givable's innovative donation platform.

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