Title

CARES Act: Relief for Nonprofit and Tax-Exempt Organizations
Client Memorandum

Created date

4/27/2020

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.