There is a multitude of tools, webinars and resources being created to assist nonprofits in coping with the impact of COVID-19 on your organization. To keep you informed and up-to-date, the Center will post helpful resources as we learn of them.
Prepared by SBA
The Small Business Administration’s Paycheck Protection Program provides potentially forgivable loans for nonprofits with 500 or fewer employees at 2.5x your average month payroll, up to $10M to 501(c)(3) nonprofits experiencing uncertainty in the current economic climate to help cover the costs of payroll and certain operational expenses. SBA will forgive loans if all employees are kept on the payroll for eight weeks after the loan originates and the money is used for payroll, rent, mortgage interest, or utilities. Eligible nonprofits must have their materials ready as quickly as possible since the first come-first served application process opened on Friday April 3rd and is continuing.
Prepared by FMA
FMA Frequently Asked Questions (FAQs) Updated Tuesday 4/7 11:15 am ET
FMA guide to the Paycheck Protection Program and How to Apply (pdf) Updated Tuesday 4/7 11 am ET
FMA PPP Calculator (xls) — Updated Tuesday, 4/7 9 am ET— This calculator will help you estimate the average monthly payroll and loan amount for your application.
FMA Template for Board Resolution Authorizing Loan (docx) — This template will allow you to quickly get approval from your board to apply for a PPP loan.
FMA Script for talking to a Bank about PPP (docx) — This script provides you with key questions you can use to call a bank immediately.
Curated by an experienced group of nonprofit professionals, this document includes a comprehensive list of resources.
Prepared by the PATH Foundation
The grants will act as flexible emergency funds for organizations with services to meet immediate needs in our community; these include childcare organizations to ensure options are available to essential workforce, food and nutrition, and access to healthcare and internet.
Prepared by the U.S. Chamber of Commerce
The Coronavirus Aid, Relief and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Here are the questions you may be asking—and what you need to know.
Presented by Industry Expert GRF CPAs
With news and information coming from many different directions, it is difficult to understand how to respond to the impact of COVID-19 when it comes to taxes, cash flow, workforce planning, IT security and general crisis management ― all while working remotely. Join GRF CPAs & Advisors and Fisher Phillips for a webinar addressing these topics with answers to some commonly asked questions as we navigate the crisis together.
The Greater Washington Community Foundation, in collaboration with regional partners, has established the COVID-19 Emergency Response Fund to support emergency preparedness and response efforts that will help mitigate the impact on disproportionately affected communities in our region. Through this fund, we are focused on addressing lost wages, relief for small business and gig economy workers, expanding access to medical services, and meeting the unique needs of people experiencing homelessness, among other needs. Learn more about what this fund supports and how you can submit an RFP.
With the current impact of COVID-19 on the economy, worries extend beyond our physical health to our financial health. The Center partnered with The Capital Group to host a Retirement Plan Overview webinar on March 25 to address the following:
• How to calm the fears of your employees
• Market turmoil overview
• Managing market emotions
This is pertinent to any retirement plan. Register for a recording of the webinar here.
Kaiser Permanente will hold a virtual town hall on Friday, March 27, to review information about Coronavirus, including timeline and characteristics, control measures and how Kaiser Permanente is responding.
Prepared by the Association of Fundraising Professionals
Like the Great Recession, it’s likely that the current situation will pass. And donors still want to make a difference and be in control. For the same reason that hoarding toilet paper allows people to have some control over the current situation, so too can donors take control and help their favorite nonprofit. This analysis of charitable giving during the Great Recession shows nonprofits can survive these unsettling times—and even prosper.
Nonprofits in the District of Columbia can now apply for low-interest working capital loans of up to $2 million from the U.S. Small Business Administration (SBA) to help alleviate economic injury resulting from the on-going coronavirus pandemic. Learn about the Three Step Process.
Prepared by Exponentum®
Exponentum®, in partnership with the law firm of Orrick, Herrington, and Sutcliffe LLP, has prepared this article to help guide nonprofit employers responding to Covid-19.The D.C. Bar Pro Bono Center, a proud member of Exponentum—a national network of business law pro bono providers, has shared this with the Center.
Presented by ThinkHR:
In this on-demand webinar, Kara Govro, Senior Legal Editor with ThinkHR, addresses the most common HR questions relating to COVID-19, and shares resources and best practices on topics including work-from-home policies, FMLA and PTO.
Template prepared by the Center:
Presented by Tech Impact:
Attempts to slow the spread of the Coronavirus might involve closing nonprofit offices and program sites. But that doesn’t have to shut down your operations or your services. Center Industry Expert Tech Impact hosted a presentation and Q&A with experts about how to rapidly get the right technology in place and minimize disruptions to your organization. Access a recording of the webinar to hear about:
- Options for cloud productivity tools such as email and file sharing
- Tech policies for people working remotely and using personal devices
- Ways to start delivering programs and services remotely, in under a month
- A few tips for sanitizing your tech devices (always a good idea)
Tech Impact is also offering free advice to any nonprofit who needs help with remote work. Request a consultation on www.techimpact.org.
Presented by Nonprofit Montgomery:
The Montgomery County DHHS Administrative Team talks with Montgomery County nonprofits about what they are doing and discusses resources, tips, and support.
Podcasts presented by Manager Tools:
Presented by Greater Washington Society of CPAs: