Financial Relief for Nonprofit Businesses and Employers

In addition to our broader webpage about COVID-19, the Center is regularly updating this page to provide information as it becomes available on financial relief and support for nonprofit organizations during the pandemic.

One-on-one Help is Available

While this crisis is impacting all of us, the way it's impacting your organization and how you should respond is unique.

As you scramble to devise new operating plans, meet increasing demand for service, and support employees, you need accessible, trusted resources to support you in meeting today’s challenges.

The Center is partnering with the New Hampshire Charitable Foundation and the experts at Spectrum Nonprofit Services to provide one-on-one help for nonprofits with:

Understanding your current financial health
Cash flow projections and contingency planning
Assistance in understanding and evaluating loan or grant options
Dual bottom-line analysis to help you make strategic decisions informed by finances and mission
Financial analysis to determine true program costs and projections

If your organization needs help in one of the areas listed above, please complete this brief form.

Request One-on-One COVID-19 Support

Based on your needs, you will be guided to a distinct pathway for technical assistance. These pathways will vary by issue area as well as depth of intervention. From there, we will further customize assistance and work together to begin addressing your essential questions.

If you have questions or trouble with the form, please email Stephen Donahue at sdonahue@nhnonprofits.org.

Relief/Resources for Your Organization

Overview of Federal Stimulus Packages

On March 18, passed the the Families First Coronavirus Response Act, a bill that expands social support programs, mandates that employers provide paid leave for many affected workers, and protects nonprofits (see summary). This went into effect April 1, 2020.

The U.S. Department of Labor’s Wage and Hour Division (WHD) is responsible for implementation and enforcement of the Act.
Please visit their website for more information: https://www.dol.gov/agencies/whd/pandemic, including answers to a wide range of anticipated questions from both employees and employers.
WHD recorded a webinar on Friday, April 3, 2020 to provide interested parties a more in-depth description and help them learn more about the FFCRA.
To view the webinar slides visit https://www.dol.gov/sites/dolgov/files/WHD/Pandemic/FFCRA_webinar.pdf.

On March 27th, the CARES Act (H.R. 748) passed and has been signed by the President. It contains several provisions that are relevant to nonprofit organizations and the communities they serve, including:

expanded access to unemployment
more emergency loan options (and without limitations on those receiving Medicaid funding!) – see Loans section below
an “above-the-line” charitable giving deduction for gifts made in 2020,
relief for direct-reimbursing nonprofits that self-fund their unemployment costs, and
payroll tax credits.

Read the National Council of Nonprofits summary, of the CARES Act
Watch the National Council of Nonprofits recorded webinar, “Federal Coronavirus Relief Bills: What Do They Mean for Nonprofits?” (or download the slide deck)
View the Independent Sector has an outline of How to Apply for Funds

The federal Office of Management and Budget has posted instructions allowing federal agencies to issue exceptions to the grants rules in the OMB Uniform Guidance to remove administrative impediments on services necessary to carry out the emergency response related to COVID-19. The Memo (M-20-11) encourages flexibility in processing renewals of grants, allows looser reimbursement and purchasing standards, and more. While there is no guarantee that all federal agencies will authorize such flexibility, the Memo is grounds for nonprofits to seek continued payments for salaries and facilities and administrative costs even if they are not currently operational.

Loans

The CARES Act gives eligible nonprofits choices for securing cash needed to maintain staff and operations.

Use this chart to decide which loan is the right one for your organization. Check back often. This chart will be updated in the days and weeks to come as SBA and other Departments provide additional guidance, links, and processes to help nonprofits and others secure the funds they need (always hit “refresh” after following the link to ensure you have the latest updates).
View this resource from Independent Sector on how to apply for these loans.

Grants/Relief Funds

View a list of funding opportunities available to nonprofits right now:

Other Funding Initiatives

CDFA Response Fund - Application & Program Guide - Applications being accepted starting April 13th
The NH Nonprofit Response Fund, funded in part by contributions from the business community, will provide nonprofit organizations (affected by the COVID-19 pandemic) with resources up to $100,000 for working capital, equipment purchases and programming expenses.

New Hampshire Charitable Foundation - Community Crisis Action Fund
This fund will support a strategic response to the COVID-19 pandemic including immediate unrestricted grants, strategic grants and support for local emergency funds

Granite United Way COVID-19 Relief Fund
Granite United Way has launched a COVID-19 Relief Fund to help their partner organizations in their response to the virus.

Greater Nashua Covid-19 Emergent Needs Response Fund
United Way of Greater Nashua has established a fund to provide financial support to local nonprofits for their extra-ordinary and unprecedented expenses related to Covid-19.

United Way of the Greater Seacoast COVID-19 Family Support Fund
United Way has established the COVID-19 Family Support Fund, a dedicated resource for working families affected by the COVID-19 public health emergency.

Monadnock United Way
The Monadnock United Way has established a Covid Relief Fund with 100% of all dollars raised going directly to agencies to provide relief to the region’s families.