Resources for Nonprofits: COVID-19 Relief Assistance
1. Are there any federal resources available to nonprofits for COVID-19 relief assistance?
Yes. This is where to find information about what’s available and how to apply: Small Business Administration. And here is a link directly to the (SBA) COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION. (According to the Adirondack Economic Development Corporation, the rate is 2.75% over 30 years.)
2. Are there other resources I should look into for my nonprofit?
Yes, as part of the CARES Act, the Small Business Administration Paycheck Protection Program will make no-fee “small business interruption loans” to businesses/nonprofits that “have suffered significant disruption as a result of COVID-19.” These can be forgiven if used for payroll, healthcare benefits, mortgage interest/rent payments and/or utility payments. Talk to your local SBA affiliated bank and read this Forbes article for suggestions on how to apply and interpretation. Here is a link to the application.
3. Does the CARES Act dedicate any funding to arts and cultural organizations?
According to Americans for the Arts, the CARES Act includes direct support for nonprofit cultural organizations. Specifically, the bill includes the following arts-related items to address the continuing damage caused by the COVID-19 virus:
Federal Arts Funding (Note: This is a supplement to their annual appropriations)
- $75 million for the National Endowment for the Arts
- $75 million for the National Endowment for the Humanities
Special note: All these new fast-track grants will be for general operating support with no match.
- $75 million for the Corporation for Public Broadcasting
- $50 million for the Institute of Library and Museum Sciences
- $25 million for the Kennedy Center
- $7.5 million for the Smithsonian
Community Development Block Grants: $5 billion for Community Development Block Grants to cities and counties. Arts groups should work directly with their mayors and local economic development offices for grant support.
4. Do you know of any other resources for arts organizations?
And, these blogs on Americans for the Arts website may be of interest:
5. Is there any funding assistance available through the Federal Emergency Management Agency (FEMA)?
FEMA money is now available for nonprofits on the frontlines of the crisis. This includes hospitals, food banks, etc. The place to start is by visiting this website. It requires you to fill out a form to request an account before submitting a request. Applicants need to be able to document the time and expenditures they have invested in dealing with the crisis.
6. Where can I find easily digestible information to help me navigate opportunities for nonprofits?
Here are some links that we think are helpful:
6. What about unemployment?
OneWorkSource Center’s website has information on how to file for unemployment, how to access the U.S. Small Business Administration’s information for their emergency loan program to small businesses, private non-profit organizations, homeowners and renters. For local assistance, contact Sylvie Nelson at 518-354-0418.
7. Can you point to any resources to help me revise my organization’s budget given the disruption in fundraising and events?
Yes, this could be a helpful template.
8. Can my organization apply to Adirondack Foundation’s Special + Urgent Needs Fund for COVID-19 response?
This fund is supporting nonprofits, schools,and agencies that provide direct-services to individuals and families or support to businesses to help those who are most affected by emerging health, economic, and social impacts. You can learn more about eligibility requirements by clicking here.