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PPP Loan Forgiveness for Nonprofits – Webinar Recording

Friday, September 11, 2020

  This informative webinar discusses the additional guidance issued by the Small Business Administration (SBA) on August 11, 2020, for loan forgiveness under the Paycheck Protection Program and reiterates the changes to the program based on the Flexibility Act. It also covers the forgiveness application and the documentation required for the forgiveness. The following is […]

Using Endowment Funds During Any Emergency Situation, Such As Covid-19

Wednesday, August 19, 2020

If your organization has endowment funds, you may be tempted to dip into them for operating expenses in a situation like we have today with COVID-19. Many nonprofit organizations have endowment funds, which are donor-restricted funds that are intended to be invested and used in perpetuity to support the nonprofit’s charitable programs. Nonprofits need to […]

PPP Recognition for June 30, 2020 Fiscal Year-End

Wednesday, August 19, 2020

The Treasury released a list of organizations that received more than $150,000 in Paycheck Protection Program (PPP) loan funds, of which over 4,500 were nonprofit organizations in California and 1,500 were nonprofit organizations in Los Angeles and Orange County. While many of the loan funds were generally received in March and April, use of funds […]

New Electronic Delivery Rules for Retirement Plan Sponsors

Wednesday, August 19, 2020

The U.S. Department of Labor (DOL) announced a final rule in May 2020 addressing a new safe harbor method of electronic disclosure available for employee benefit plan sponsors. The rule allows plan sponsors who satisfy specific conditions to provide participants and beneficiaries with a notice that certain disclosures will be made available on a website […]

What the “New Normal” Looks Like for Nonprofits

Wednesday, August 19, 2020

The overall economy and our society rely on nonprofit organizations to provide critical support to those in need even during the best of economic times. Nonprofit organizations impact a variety of areas, such as health services, research, education, religion, employment, housing, food and nutrition, emergency relief, reaching at-risk and under-served populations and communities with necessary […]