Public Policy Articles & Analysis

State Policy Decisions Affecting NC Nonprofits in 2020

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The Federal Reserve is proposing a new loan program for charitable nonprofits that may help a few organizations as its currently written, but could help all of us if improved. The Fed’s proposed Nonprofit Loan Program would enable nonprofits with between 50 and 15,000 employees to borrow between $250,000 and $300 million. The proposal is based on the Main Street loan program for for-profit employers and, as written, includes arbitrary terms that will disqualify most nonprofit organizations.

On May 14, 2020, the Center submitted public comments to the Small Business Administration (SBA) on its interim rulemaking on the Paycheck Protection Program (PPP).

Sign On to North Carolina Nonprofit Community Letter to State Legislators

On May 4, 2020, Governor Roy Cooper signed into law two COVID-19 relief bills that unanimously passed the NC Senate and NC House of Representatives on May 2. One bill (H.B. 1043) appropriates $1.5 billion in funding for immediate state needs related to the COVID-19 crisis. The other bill (S.704) makes a variety of policy changes to help North Carolina respond to and recover from the pandemic.

As Congress works on additional relief for individuals, businesses, and nonprofits affected by the COVID-19 crisis, North Carolina nonprofits are asking for four specific improvements to the nonprofit relief in the CARES Act:

On March 27, 2020, Governor Roy Cooper issued an executive order directing North Carolinians to stay at home (i.e. to remain in their home, their place of residence, or their principle abode) for 30 days, beginning on March 30 at 5 p.m., to help prevent the spread of COVID-19 in North Carolina. The order also prohibits most mass gatherings of 10 or more people.

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), a bipartisan stimulus bill, provides significant relief for nonprofits struggling through the COVID-19 crisis and for many of their employees and clients. Several provisions are of particular importance to nonprofits, including: