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Federal Financial Assistance Payments to Continue for Now

A memo issued yesterday by the acting director of the Office of Management and Budget directed federal agencies to pause financial assistance payments or reimbursements, effective at 5 p.m. today. However, this afternoon, a...more

FTC Regulation May Extend to Charities: What Nonprofits Need to Know

Were you paying attention to the recent news about the Federal Trade Commission’s (FTC) rule banning noncompetition clauses (the Rule)? You may have missed this critical point the FTC included as part of the rollout of that...more

New COVID-19 Liability Protections on the Way for Tennessee Businesses

Yesterday, the Tennessee Senate and House each passed the Tennessee COVID-19 Recovery Act (Act), which now heads to Gov. Lee’s desk for signature. The Act provides Tennessee businesses, nonprofit organizations, schools,...more

Nonprofits and Grant Partners Act Now: $150M COVID-19 Relief Available in Tennessee

Gov. Lee announced yesterday (July 21) that the Financial Stimulus Accountability Group – a bi-partisan group of Tennessee General Assembly members, Lt. Gov. Randy McNally, and Finance and Administration Commissioner Butch...more

Main Street Lending Program Provides Update for Nonprofit Organizations

The Federal Reserve Board (FRB) has released long-awaited term sheets for loans to nonprofit organizations under the Main Street Lending Program (MSLP). There are two types of nonprofit loans — the Nonprofit Organization New...more

Important New Highlights of the Main Street Lending Program

Last week, the Federal Reserve updated the terms of its Main Street Lending Program (MSLP) with its first set of guidance to expand the scope of available loan options and the pool of eligible borrowers. You can find our...more

CARES Financial Relief for Nonprofits

The Paycheck Protection Program will enable eligible nonprofit organizations that have been adversely affected by the COVID-19 pandemic to obtain funds to cover payroll, rent, interest, and utilities. For further information...more

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