Monday, May 23rd | 23 Iyyar 5782

March 31, 2020 9:00 am

Jewish Federations of North America Launches National Effort for Non-Profits in Crisis

avatar by

Medical students and physician assistants from Touro University Nevada wait to screen people in a temporary parking lot shelter at Cashman Center, with spaces marked for social distancing to help slow the spread of the coronavirus disease (COVID-19), in Las Vegas, Nevada, March 30, 2020. Photo: Reuters / Steve Marcus. – Following the enactment of the Coronavirus Aid Relief and Economic Security (CARES) Act, the largest emergency aid package in US history, the Jewish Federations of North America (JFNA) has announced a national program to help Jewish non-profits access financial support made possible through the legislation.

While large companies, such as airlines, are set to receive $500 billion in loans and other investments, small businesses and non-profits, including those that receive Medicaid funding, would receive $349 billion in forgivable loans from the Small Business Administration (SBA). This would include $10 billion through the SBA’s Economic Injury Disaster Loans (EIDL); non-profits and small businesses with no more than 500 employees would be eligible.

JFNA is also helping small businesses and non-profits access the SBA’s Paycheck Protection Program, which provides loans intended to help small businesses keep workers employed amid the pandemic and economic downturn.

“The Paycheck Protection Program is an unprecedented resource in helping to ensure that Jewish Federations, community centers, synagogues, Jewish day schools, Jewish Family Service agencies and others are able to continue their critical work to help vulnerable populations and safeguard Jewish life across America,” said JFNA President and CEO Eric Fingerhut in a statement. “We are grateful for this opportunity and strongly urge all Jewish organizations to apply.”

Related coverage

May 23, 2022 5:37 pm

Ukraine’s Zelensky Says He Would Meet With Putin to End the War

Ukrainian President Volodymyr Zelensky said on Monday that President Vladimir Putin was the only Russian official he was willing to...

On Sunday, more than 17,000 people joined information webinars on the loans. JFNA hosted another webinar on Monday afternoon for Jewish organizations interested in learning more about eligibility and application requirements. Participants were advised on how to calculate potential loan amounts and how to best prepare to apply for a loan.

JFNA has also set up a national resource bank of professionals and volunteers who can assist nonprofits with the process. Interested organizations can contact the JFNA SBA loan hotline at 212-284-6625 or email questions to: [email protected]

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.