CARES Act: Relief for Nonprofit and Tax-Exempt Organizations – Updated
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides economic support in multiple forms to nonprofit and tax-exempt organizations facing hardship due to the COVID-19 pandemic. This memorandum describes our understanding of the key features of two Small Business Administration (SBA) loan programs, as well as several measures of tax relief for tax-exempt organizations and their employees.
This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.
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