On Friday January 22nd, a coalition of nonprofit organizations sent an initial letter to federal leaders urging Congress and President to enact a package of solutions tailored to the needs and realities of nonprofits serving the public good. The letter, after highlighting the unique role of charitable nonprofits in providing pandemic relief and economic recovery, urges President Biden, Speaker Pelosi, and Leaders Schumer, McCarthy, and McConnell to include provisions in the next COVID relief package that accomplish the following:
- Provide Nonprofit-Specific Grants, Forgivable Loans, and Refundable Tax Credits for All Nonprofits via a carveout or nonprofit-specific PPP relief that lifts the 500-employee cap and removes the 25% decline in gross receipts in the PPP Second Draw, as well as passage of the updated WORK NOW Act and funding for emergency grants.
- Strengthen Charitable Giving Incentives by increasing and extending the above-the-line deduction while preserving the itemized charitable contribution deduction, all to ensure that nonprofits have the resources to serve their communities.
- Provide 100% Unemployment Benefit Reimbursement to nonprofits that self-insure these benefits, both retroactively to 2020 and extended through the first three quarters of 2021.
- Provide Substantial Financial Aid to State and Local Governments to avoid layoffs and cuts to essential programs and services, and to prevent the imposition by governments of new costs and burdens on their nonprofit partners.
The letter was sent last week to make sure negotiators and bill drafters knew the position of nonprofits. Now nonprofits from all subsectors and across the country need to sign onto the letter to signal to their Representatives and Senators the groundswell of nonprofit support. We encourage all who are committed to the wellbeing of nonprofits and the people we serve to sign your organizations onto the letter and to share with your members and colleague organizations.
Sign On Now!
This letter is in partnership with the National Council of Nonprofits.