A NONPROFIT’S GUIDE TO THE CARES ACT
You’ve likely seen the news about the new federal stimulus package – the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S. 748) – but may still be asking yourself, what does it mean for my organization?
Designed to provide relief to businesses, hospitals, schools, social service providers and individuals etc., this bill can act as a lifeline for nonprofits, not only to survive this moment in time, but to continue to scale much-needed services during an unprecedented moment in history.
For us, the message is clear: as this crisis unfolds, it is essential that nonprofits develop well-defined, actionable plans that plug into these benefits.
So, what can your organization do? Learn, plan and execute: with execution being key.
At a time of crisis and with new information emerging every day, it is easy to become distracted. Remaining focused on your mission, tapping into the resources available to you, infusing creativity in your communications, donor engagement and fundraising strategies will be essential to your success – during this time of crisis and when we all come out of this, together.
With this in mind, we have compiled an easy-to-follow guide for the ways in which nonprofits can utilize the benefits available in the CARES Act.