Philanthro News

The recently passed federal stimulus package (CARES Act) protects the unemployment experience rating and related financial risks in the State Unemployment Insurance Fund (SUI) by providing 100% benefit reimbursement for claims due to the COVID-19 pandemic; however, self-insured nonprofits are to be reimbursed for only half (50%) of the costs incurred. It is now up to the State of New York to immediately act, as other states have done, to protect and hold harmless self-insured charitable organizations.

NY Funders Alliance, in partnership with the New York Council of Nonprofits (NYCON), signed on to a letter requesting Governor Cuomo to save self-insuring nonprofits from massive unemployment benefit expense increases due to COVID-19.

The letter urges Governor Cuomo to issue an Executive Order that provides a temporary waiver of the requirement that all unemployment claims related to the COVID-19 crisis be charged to an individual employer’s unemployment account and thus, still subject to 50% reimbursement by self-insured charities for the portion not covered under the CARES Act.

How will recently passed COVID-19 response acts impact the philanthropic sector? Below are general overviews and nonprofit specific summaries of the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act, “CARES.”

In response to requests from NY Funders Alliance membership, we have created a summary of resources for early childhood services and policies during COVID-19. As legislation continues to evolve, we will continue adding more resources to this page. If you have additional suggestions for this list, please contact us!

NY Funders Alliance Executive Director Corinne L. Ribble signs a joint statement on keeping equity in the forefront of our coronavirus response.

Senate leaders are already working on another stimulus package after the passage of the Family First Coronavirus Response Act this week, with a focus on relief for small businesses.

BREAKING NEWS: Senator Mitch McConnell’s (R-KY) draft COVID-19 legislation contains a temporary universal charitable deduction provision (for gifts up to $300). Also, the bill appears to suspend the 50% adjusted gross income limitation for individuals’ charitable contributions and makes some corporate changes as well. Those provisions would be limited to the year 2020. 

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In response to requests from NY Funders Alliance membership, we have created a summary of resources for mental health and wellbeing services during COVID-19. If you have additional suggestions for this list, please contact us.

NY Funders Alliance is compiling a list of funds and rapid-response grants for nonprofits. This list has been updated as of 4.7.2020

UPDATE 3/27/2020

A historic $2 trillion economic recovery package was sent to the president’s desk for signature after House lawmakers passed the bipartisan bill Friday afternoon.

The legislation, known as the CARES Act, is the third aid package from Congress during the growing coronavirus pandemic.

This relief package includes direct payments to Americans, an aggressive expansion of unemployment insurance and billions in business loans and aid to hospitals.

*as of 3/11/2020, the COVID-19 Resource post has been converted a web page on our website – we will continue updating resources at www.nyfunders.org/covid19