Nonprofit Quarterly asked Tim Delaney, president & CEO of the National Council of Nonprofits, to share insights about how nonprofits might utilize the new federal legislation relating to coronavirus to advance their missions. The Council of Nonprofits has been a central force in the larger coalition of groups lobbying to make sure nonprofits were not left out of the coronavirus response bills that Congress has been considering.
Because time is of the essence, this article skips pleasantries and goes straight to explaining how particular provisions in new coronavirus-related federal legislation may be beneficial to the work of most charitable nonprofits, sector-wide. Other provisions in the bill may help charitable nonprofits operating in certain subsectors (e.g., arts, education, hospitals), but this article does not address those.
Coronavirus Aid, Relief, and Economic Security Act (CARES Act)
Last night, the actual legislative language of the $2 trillion coronavirus relief bill finally emerged, and within hours the Senate passed the CARES Act bill unanimously. As of this writing, the House is expected to vote on Friday, and the president has not signed it, so it is not law yet. But given the overwhelming need to get protections and relief in place immediately, everyone expects that the CARES Act bill will be the law of the land within days.
Knowing that charitable nonprofits and foundations across the country are eager and anxious to learn what’s in the 880-page economic stimulus bill, my organization put together an analysis summarizing the outcomes on issues of interest to nonprofits sector-wide. We have posted that analysis as a PDF on our website, Initial Analysis of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (S. 748). For your convenience, Nonprofit Quarterly has posted it below