March 31, 2020
Learn about the CARES Act and two loans for which ministries may be eligible, since Congress authorized additional funding April 23.
FAQs: Faith-Based Organizations and CARES Act Loans
Economic Injury Disaster Loans
Brotherhood Mutual has also posted updated articles to its Safety Library after the recent authorization of additional funding. Check out these articles to learn more:
Paycheck Protection Program: Top 7 Takeaways for Ministries
Social Security Recipients to Automatically Receive Stimulus Payments
Take Advantage of Giving Incentive During the COVID-19 Crisis
Coronavirus: Ministries Eligible for CARES Act Funding
Coronavirus: Emergency Sick Leave and Ministry Payroll
Original Article Posted March 30, 2020:
Some significant strides were made last week in the passing of the “Coronavirus Aid, Relief, and Economic Security Act” or the “CARES Act” which has specific relief outlays for 501(c)3 organizations. We are hopeful that this Act will provide much needed relief for the churches, schools, day cares, camps and other related ministries we serve.
Sutton Turner, with The Vanderbloemen Network, is encouraging churches to move quickly in preparing their applications.
Some great organizations we know and trust have already come out with some great information about the Act and how it will impact your ministry.
Vanderbloemen: Details of CARES Act: The Financial Bridge that Ministries Need
ECFA: March 31 Webinar, 1:00 ET: CARES Act - Key Impacts on Churches and Non Profits
Church Law & Tax: April 2 Webinar, Noon ET: Churches and the CARES Act: Helping Congregations and Employees Weather the Cash Crunch.
Brotherhood Mutual: COVID-19 Resources for Ministries: Apply for a Small Business Loan – CARES Act for COVID-19 Relief
Water and the damage it brings can be one of the most devastating property claims a ministry or organization can experience. Fortunately, there's a solution that identifies leaks when they start, as small as 1/2-ounce-per-minute. It's called FloLogic.
The ability to inspire others to give is a blessing. Because fundraising can be both exciting and challenging, there are some important details to consider that can help your donors, and organization, have a smooth and successful experience.
Has your church or school ever been asked to loan or rent one of your vans or buses to another ministry? Rather than running the risk of loaning or renting your own vehicle, you could consider aiding them financially in renting or chartering a vehicle from a rental agency.
A periodic review of your insurance policy is a good way to make sure your ministry is protected for its most current needs, but it also may offer the opportunity to find some significant savings.
Having insurance coverage specifically designed for long-term international missions helps protect your people and organization from the financial impact caused by injuries, lawsuits, property damage, and more.
With the holiday season right around the corner, it’s wise for ministries to evaluate their fire safety plan. Whether your ministry is hosting a holiday party, prepping treats for charity, or running a community kitchen, make sure you’re well-prepared with these tips.
As school is back in session, it’s important to make sure your school is equipped with the correct safety procedures. Thinking about your school’s physical security as a series of layers can help you find gaps in your plan. Transportation and volunteers are just two important aspects of your school safety plan to think about.
Anyone who turns on the news, flips through a magazine, or browses the web can see that American society and culture are experiencing rapid transitions. Some ministries have valid concerns that issues surrounding societal shifts may expose them to negative publicity, governmental scrutiny, or litigation.
The questions become: when and how can ministries operate within their deeply held religious beliefs when they may conflict with others’ rights?
Cyber security is increasingly crucial in our technologically advanced world. Scammers use many schemes when attempting to steal your data, but you can outsmart them by understanding their methods.
Most ministry leaders don’t realize there is funding available to non-profit employers including churches, schools, colleges, and camps. This post includes some highlights about the credit and guidance on where to start to see if your ministry is eligible.
When severe storms strike, they can produce high winds and tornadoes. Damaging winds can wreak havoc on your ministry’s property and to buildings. A high wind event can crash debris through your windows, strip your siding, down trees on your parking lot, peel shingles off your roof, and fling back the flashing.
Thieves are taking advantage of soaring precious metal prices. Take steps to protect your ministry’s vehicles and property.
As temperatures plummet, the risk of freezing pipes soars. Frozen pipes can cause costly messes that could also put your ministry on hold while you clean up.
Preparing for this Christmas season may require additional creativity, due to the uncertainty of what COVID-19 may bring in our local community.
A mid-November deadline in the Boy Scouts of America’s (BSA) bankruptcy proceedings may have you wondering what the organization’s bankruptcy filing means for your ministry if you ever hosted or chartered Boy Scout Troops.
Organizations that obtained Paycheck Protection Program (PPP) funding through the CARES Act can have their loans forgiven, turning them into grants. To qualify, each borrower must file a forgiveness application with its PPP lender, proving that it followed the rules. If your church, school, college, or camp meets all the criteria, 100% of its loan can be forgiven.
Learn about the CARES Act and two loans for which ministries may be eligible, since Congress authorized additional funding April 23.
As concern over the dangers associated with the spread of a new coronavirus, COVID-19, spreads, our agency and Brotherhood Mutual want to keep you informed and provide best practices for managing the spread of this and similar illnesses at your ministry.