CIEE has joined 144 nonprofit organizations across the country in signing a letter urging policy makers to consider specific actions that would provide relief and stimulus for the nonprofit sector, which has been, and will continue to be, profoundly impacted by the economic downturn resulting from COVID-19.
America’s charitable nonprofits need an immediate infusion of $60 billion in capital to maintain operations, expand scope to address increasing demands, and stabilize losses from closures throughout the country. Below are specific recommendations for assistance to help the nonprofit sector stay engaged serving the American people:
- As 10% of U.S.GDP, we employ 12 million workers. We need to retain them.
- Nonprofits are on the frontlines serving people, especially those in need. We need business continuity relief.
- Give nonprofit payroll tax credit relief as this is the most significant tax we pay.
- Provide an “above-the-line” or universal charitable deduction for contributions through the end of 2021.