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Category Archives: COVID

Jul 29, 2020
Posted Under: Advocacy COVID

We know many of you have questions about the next federal relief packages.  Thanks to the National Council of Nonprofits for putting together this chart to document how nonprofits could be impacted in the various bills being proposed.  We are monitoring these options closely and will keep you informed as we continue to learn more…. Read more »

Jul 14, 2020
Posted Under: COVID

In partnership with the Atwood Foundation, we are offering considerable discounts on COVID relief services to Anchorage arts, culture, and humanities organizations. Your organization may be eligible if: -Your mission is focused on arts, culture, or humanities -You are based in Anchorage -You are in need of one of the following services to help you recover and find your way forward from the pandemic: Financial scenario planning Grant writing Adapting fundraising strategies Crisis communication Human resources counseling Strategic restructure/merger Tracking federal relief in accounting systems Review and modification of strategic plan Review and modification of current operational plan If your organization is interested in learning more please fill out this application and send it to Monica Garcia-Itchoak at mitchoak@forakergroup.org…. Read more »

Jul 12, 2020
Posted Under: COVID

The Alaska Department of Health and Social Services (DHSS) has announced a grant program for Alaska nonprofits that will be funded with $35 million from the CARES Act. The program is being administered by the Alaska Community Foundation (ACF). You can learn more about the program in this DHSS press release. To review the guidelines to determine if your organization is eligible and to apply, please go to the Coronavirus Nonprofit Relief Fund page on the ACF website. If you need assistance on compliance or help applying, let us know. Send us a note at info@forakergroup.org, or call us at 907-743-1200. We have services that can help you including assistance with grant writing…. Read more »

Jul 9, 2020
Posted Under: Advocacy COVID

Foraker President/CEO pointed out to the committee that the current rule that says nonprofits and small businesses cannot access the AK CARES program because they have received assistance through PPP or EIDL is “disastrous.” She continued: “Allowing groups access to AK CARES who get other types of funding like PPP or EIDL or local government funds are critical ingredients to a recipe for fixing what is broken. We strongly encourage changes that support nonprofits to get back on their feet.” Laurie’s full testimony is here…. Read more »

Jul 9, 2020
Posted Under: COVID Nonprofit News

We are pleased that media in both Alaska and around the country are reporting on the impact COVID-19 is having on the nonprofit sector and the many organizations that continue as best they can to serve their communities. On this page, we will share the reports of how we and our partner the National Council of Nonprofits are working to ensure that the sector is part of both state and federal relief programs. And we’ll share with you some stories of ways that Foraker Partners and other Alaska nonprofits are managing the crisis. Read more »

Jul 8, 2020
Posted Under: Advocacy COVID

Congress is expected to pass another piece of COVID-19 legislation by the end of this month. It is important to reinforce with our Alaska delegation and other members of Congress that nonprofit policy solutions need to be included in each relief and recovery effort. We are essential to a healthy economy. You can make your voice heard by signing the new Nonprofit Community Letter sponsored by the National Council of Nonprofits. Foraker has signed, and we urge all Alaska nonprofits to join us and your colleagues from around the country to do the same. The CARES Act enacted by Congress in March extended economic relief programs to some nonprofits, but the law fell short in many areas. The Nonprofit Community Letter calls for improving the Paycheck Protection Program, providing loans to mid-sized… Read more »

Jul 8, 2020
Posted Under: COVID

There are several updates to COVID-19 relief funds that may impact your nonprofit: In mid-June, the state announced that the AK CARES grant eligibility would be expanded to businesses and nonprofits receiving $5,000 or less in PPP or EIDL funds. In addition, they announced that AK CARES would be opening up to 501(c)(6) entities. So far, those changes have not been implemented. We are monitoring the situation and will continue to keep you updated. On the federal side, the Paycheck Protection Program has reopened. The new deadline to apply for a PPP loan is August 8, 2020. As PPP borrowers prepare to apply for forgiveness, the SBA recommends using the EZ application if possible. (Borrowers may qualify to use the EZ form if they were able to maintain staffing/levels salaries or if staffing… Read more »

Jun 11, 2020
Posted Under: COVID Foraker News

A note from Laurie:  A new reality needs new words. Recently I was asked, “are you open?”  A simple question but now with so many meanings and answers.  In the midst of this pandemic, we have watched nonprofits close the doors on their physical space but stay open virtually.  We have watched as some close their physical space without a clear path to anything virtual and we have watched missions shift space and double down on service delivery no longer hampered by their building infrastructure.  For decades when consulting with organizations about their potential capital campaigns I have said to countless board and staff members “you are not building a building – you are expanding or deepening mission.” Indeed it is the mission that happens inside the building that matters,… Read more »

Jun 5, 2020
Posted Under: COVID

The Paycheck Protection Program Flexibility Act, signed into law today, gives organizations more flexibility and time to spend PPP funds. Highlights from the Act include: An extension of the “covered period” for PPP loans from 8 weeks to 24 weeks. Note that the covered period cannot extend beyond Dec. 31, 2020. A reduction in the percentage of funds that must be spent on payroll. Specifically, the requirement to spend 75% of PPP funds on payroll reduced to 60%.  To qualify for any forgiveness, borrowers must spend at least 60% on payroll costs. Extended loan terms for any unforgiven portions that need to be repaid from 2 years to 5 years, at 1% interest. An extension to December 31 for employers to restore employee and wage levels to pre-pandemic levels. A… Read more »

Jun 1, 2020
Posted Under: COVID

The application period for the AK CARES Grant Program is open on the Credit Union 1 website. Is your nonprofit eligible? If your organization is a 501(c)3 or 501(c)19, has 1-50 employees, did not receive federal relief funds (PPP, EIDL) then you are eligible to apply. We can help. If you need help preparing to apply, contact us…. Read more »