Congress Passes Short-Term Extension of PPP

Both the Senate and the House passed legislation by unanimous consent this week to extend the deadline for eligible businesses to apply for Paycheck Protection Program (PPP) loans, which was scheduled to expire June 30. The PPP, which was created to help small businesses weather the COVID-19 pandemic, has more than $130 billion in loan… Read more »

ASAE Delivers COVID-19 Sign-On Letter to Congress

ASAE delivered a community sign-on letter to Congress this week, alongside 2,200 organizations, requesting assistance for nonprofit associations impacted by the COVID-19 pandemic.    ASAE and thousands of other organizations have urged Congress for months to grant nonprofit associations access to federal relief programs created to assist small businesses and industries struggling with payroll and other basic operations during the coronavirus pandemic. Congress specifically authorized financial assistance to 501(c)(3) charitable nonprofit organizations under these… Read more »

Senate Bill Would Expand Charitable Deduction

A bipartisan group of senators introduced legislation this week to expand a tax break for charitable giving to encourage taxpayers to donate to nonprofit organizations impacted by the COVID-19 pandemic. The Universal Giving Pandemic Response Act, introduced by Senators James Lankford (R-OK), Chris Coons (D-DE), Mike Lee (R-UT), Jeanne Shaheen (D-NH), Tim Scott (R-SC) and… Read more »

AAW Follow-Up: Join ASAE’s Sign-On Letter

The deadline to join ASAE’s community sign-on letter requesting assistance for associations impacted by the COVID-19 pandemic has been extended to Monday, June 29. Click here to add your organization’s name to the letter. More than 1,500 associations have already joined the letter, which calls for 501(c)(6) associations to be eligible for the Paycheck Protection… Read more »