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 »

ASAE Requests 501c6 Access to Main Street Lending Program

ASAE filed comments with the Federal Reserve this week requesting expansion of the Main Street Lending Program to include 501(c)(6) associations in addition to nonprofit groups. The Main Street Lending Program, created to assist companies that were financially solvent before the coronavirus pandemic but now may need financing to maintain payroll and basic operations, will… 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 »

Powell Presses Congress for More COVID Relief

Federal Reserve Chairman Jerome Powell warned senators June 16 that the U.S. economy would not recover strictly by reopening businesses shuttered by the COVID-19 pandemic and sending Americans back to the workplace. Testifying before the Senate Banking Committee, Powell said Congress should not let the better-than-expected May jobs report or a recent uptick in consumer… Read more »