(From NBOA) On April 23, Commonfund president Tim Yates presented with Steve Snyder, managing director, via webinar on independent school enrollment considerations in light of COVID-19. During the presentation, Yates and
(From The 74 Million) Schools that have accepted loans under the Paycheck Protection Program must now prepare for the added responsibilities of compliance with Title IX. Megan Farrell, Title IX and Civil Rights Officer,
(from the Washington Post and Brookings) While the path out of the pandemic remains murky, schools are beginning to develop plans to reopen. Montana will reopen schools in May and Colorado is allowing now small group in-
(From NBOA) On April 22, over 1,000 independent school leaders joined NBOA's latest webinar to hear nationally renowned medical experts as they discussed some of the medical considerations and precautionary measures for
(From Venable LLP) On April 23, the Treasury and SBA issued new guidance regarding the “necessity” certification required for all PPP loans. Specifically, the SBA stated that certain businesses which have access to other
(From Nonprofit Quarterly) On April 21, the U.S. Senate approved a $484-billlion bill designed to boost the CARES Act passed last month and add over $300 billion to the now fully spent-down Paycheck Protection Program (P
(From Conn Maciel Carey) On April 16, OSHA issued a temporary policy to relax enforcement of many existing regulatory obligations that require annual or recurring audits, reviews, training, assessments, inspections, or t
(from the Washington Post) The Trump administration and congressional leaders closed in Sunday on an approximately $470 billion deal to renew funding for a small-business loan program that ran out of money under crushing
(from Yahoo! Finance) Less than two weeks after launching on April 3, the Paycheck Protection Program (PPP) for small businesses ran out of funds on Thursday morning. The SBA says 1.66 million applications were approved,
(From Chronicle of Higher Education) What will higher education look like when the COVID-19 crisis is over? Some academics and administrators see this moment as an opportunity to reconceive higher education in ways that
(From U.S. Department of Education) On April 14, 2020, U.S. Secretary of Education Betsy DeVos announced that nearly $3 billion will quickly be made available to governors to ensure education continues for students of
(From NBOA) In the second installment of "COVID-19: Your Questions Answered," held April 9, 2020, NBOA and Venable LLP addressed how schools are managing their responses, the legislation impacting independent schools, an
(from RSM) Last Thursday, April 9, the Federal Reserve said it would provide up to $2.3 trillion in liquidity commitments to support the economy. This policy intends to bolster households, small and medium-sized firms, a
(from NBOA) On Thursday, April 9, 2020, the Internal Revenue Service issued an extension relief notice (Notice 2020-23) to authorize the postponement of specific time-sensitive acts for affected taxpayers including annua
(From Nonprofit Quarterly) The application process for payroll loans through the Paycheck Protection Program (part of the CARES Act passed in late March) has been rocky for all, but especially for nonprofits. In the crus
(From Bloomberg, Inside Higher Ed) Numerous factors are causing uncertainty about the financial viability of colleges and universities next year. The longer lockdowns continue, the more uncertain schools are about the si
(From blumshapiro) Most if not all independent schools are now wondering what impact COVID-19 will have on 2020-2021 enrollment. In times of crisis, cash flow rather than operating results becomes the basis for making cr
(from Politico) Banks on Monday, April, 6, struggled to assist thousands of small businesses vying for $350 billion in government-backed loans, as lenders reported that a Small Business Administration system used to proc
(from the 74 Million) Time for Kids, Scholastic, Khan Academy and other online learning providers have collaborated to launch WideOpenSchool.org under the leadership of Common Sense Media, a nonprofit known for rating ed
(From the New York Times) Under the new CARES Act, Congress will provide Secretary of Education Betsy Devos with the right to waive parts of the federal special education law while schools combat the coronavirus pandemic
