The CARES Act: Financial Relief for Nonprofits

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act, or CARES Act, was signed into law. The CARES Act provisions include, among other things, lending programs, including loan forgiveness, for nonprofits.

This article summarizes three of the provisions of the CARES Act that might provide relief to nonprofits impacted by COVID-19.

Updated April 15, 2020