June 2020 – Rick Szilagyi, Principal and Lauriane Lebrun, Marketing & Communications Coordinator
Lexian has had the opportunity to assist several clients with submitting applications for COVID-19-related funding. One of the three options below may be able to provide some assistance to your organization if you haven’t already applied/received assistance.
New Hampshire-based 501(c)(3)s can check out the NH Nonprofit Emergency Relief Fund, but be sure to act fast – the application period ends on June 25th at 4PM. Other types of nonprofits (including those not based in NH) may be eligible for the EIDL, which reopened to include non-agricultural applicants on June 16th. Finally, 501(c)(3) organizations, 501(c)(19) organizations, and tribal business concerns can apply for PPP until June 30th.
For more information on COVID-19 relief funds for your nonprofit, please visit Lexian’s COVID-19 Resources for Nonprofits page.
- New Hampshire Nonprofit Emergency Relief Fund
- Application deadline: 4PM on Thursday, June 25, 2020
- NH-based 501(c)(3) organizations only
- “The New Hampshire Nonprofit Emergency Relief Fund was established by Governor Chris Sununu through the Governor’s Office for Emergency Relief and Recovery (GOFERR). The State of New Hampshire will award grants from the allocated $60 million to help nonprofit organizations impacted by the COVID-19 pandemic. The New Hampshire Center for Nonprofits, the New Hampshire Charitable Foundation, and the New Hampshire Community Development Finance Authority, have partnered to administer this program.”
- Economic Injury Disaster Loan (Reopened June 16th)
- Open to the following types of nonprofit organizations:
- “Private non-profit organization that is a non-governmental agency or entity that currently has an effective ruling letter from the IRS granting tax exemption under sections 501(c),(d), or (e) of the Internal Revenue Code of 1954, or satisfactory evidence from the State that the non-revenue producing organization or entity is a non-profit one organized or doing business under State law, or a faith-based organization.”
- Open to the following types of nonprofit organizations:
- Paycheck Protection Program
- Application deadline: Tuesday, June 30, 2020
- Open to the following types of nonprofit organizations:
- “501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
- 500 employees, or
- That meets the SBA industry size standard if more than 500.”
- “501(c)(3) non-profit organization, 501(c)(19) veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of:
The Lexian Management newsletter is for informational purposes only.
Always consult your attorney, accountant, and/or insurance provider to obtain advice with respect to any particular issue or concern.