COVID-19 Resources for Nonprofits

We understand that this is a difficult time for your organization. We have compiled a list of resources that may be helpful to you as you continue your work in supporting and uplifting our community.

Capital Region Community COVID-19 Response Fund

Frequently Asked Questions

The CARES Act/Stimulus Bill and Nonprofits

Your organization should connect with your local bank now. In accordance with the advice of the NY Funders Alliance, we are encouraging you to follow up with your financial institutions as soon as possible and work with financial advisors to determine how best to utilize the resources.  Specifically, you will want to work with banks offering 7(a) loans.

Highlights from the CARES Act for Nonprofits

  • Paycheck Protection Program ($350 billion)
    • Zero-fee loans for up to $10 million for payroll – forgiven if businesses retain employees and salary levels.
  • Economic Injury Grants ($10 billion)
    • $10,000 to small businesses and non-profits grants while waiting for the Paycheck Protection Program to process.
    • Used for payroll, increased production costs, pay business obligations.
    • The intent is to get this to recipients in 3 days.

Communications

Development

Human Resources

Other Resources