The Silicon Valley Community Foundation is leading an effort with other Bay Area philanthropic partners on a regional response to this public health crisis.
The COVID-19 Regional Nonprofit Emergency Fund will will be used to provide flexible operating support grants to nonprofit organizations that SVCF has pre-qualified to provide emergency-related services: food, shelter, health and mental health services to affected communities.
Applications are now open, with a maximum request of $50,000 per applicant. If you have any questions related to eligibility or the grant application process, please email NPemergencyfund@siliconvalleycf.org.
The COVID-19 pandemic is already hurting San José’s residents, businesses, and community-based organizations. Particularly hard hit are those families and individuals who can least afford a medical or financial crisis, small businesses whose revenues have fallen off, and nonprofits that are seeing an increased need for services or have had to cancel arts, cultural, or fundraising events.
The Silicon Valley Strong Fund – a partnership between local cities and the Silicon Valley Community Foundation – will work to address these impacts.
The SVO is partnering with the local non-profit community, which is looking for businesses and individuals to donate desperately needed supplies to them so that they can provide essential services to our most vulnerable neighbors, e.g. food distribution, shelters, etc.
If you are in a position or able to donate, please leave a comment at the bottom.
If you a nonprofit desperately seeking supplies please leave a comment at the bottom.
Silicon Valley Strong is calling on the community to lend a caring hand to people in need. Recovery and assistance have no borders. While San José will take point on organizing food distribution, the principles of Silicon Valley Strong are very simple: We are going to move fast, we will act comprehensively countywide, and we will act as one team.
This critical, regional effort seeks volunteers to ensure food security for our most vulnerable residents among the 1.9M people in this County. We will focus our delivery efforts primarily on seniors and the medically vulnerable who are urged to self-isolate for their own safety.
Find more state-wide relief programs with California Volunteers or more opportunities below:
If you are interested in supporting future volunteer projects and recovery efforts in the Silicon Valley, including delivering food to those in need, please sign up here to receive more updates so you can lend a hand. The City of Santa Clara also provides a list of local nonprofits seeking assistance and volunteers.
The legislation contains two provisions related to loans—and potential conversion of loans to grants—for nonprofits of less than 500 full-time or part-time employees. The applications set forth below will likely be complicated, cumbersome, and challenging to complete for nonprofits. Technical assistance may be required to help facilitate successful applications.
Our advocacy showed impact! Southern California Grantmakers, in coordination with our Philanthropy California alliance, worked with national partners to ensure that nonprofits who received Medicaid dollars—such as community health centers—would be eligible for these programs.
The U.S. Small Business Administration (SBA) will make available $350 billion in funding to create a Paycheck Protection Program (PPP), which will provide small businesses and nonprofits with zero-fee loans of up to $10 million. This is a part of the SBA 7(a) loan program. For nonprofits that retain employees and their salary levels between March through June, the loan would be forgiven (becoming a grant) to cover up to 8 weeks of average payroll and other costs could be converted into a grant if the nonprofit retains its employees and their salary levels. Principal and interest is deferred for up to a year and all borrower fees are waived. This temporary emergency assistance through the U.S. Small Business Administration (SBA) and the Department of Treasury can be used in coordination with other COVID-financing assistance established in the bill or any other existing SBA loan program.
In addition to the Paycheck Protection Program, SBA will also make available $10 billion to provide an advance of $10,000 to small businesses and nonprofits that apply for an SBA economic injury disaster loan (EIDL) within three days of applying for the loan. Because California has received a declaration of emergency approval from the federal government, nonprofits in California are eligible for EIDL.
EIDL are loans of up to $2 million that carry interest rates of up to 2.75 percent for nonprofits, as well as principal and interest deferment for up to 4 years. The loans may be used to pay for expenses that could have been met had the disaster not occurred, including payroll and other operating expenses. If the loan amount is $200,000 or less, the SBA will waive loan guarantee and other creditworthiness requirements. The $10,000 advance does not need to be repaid, even if the nonprofit is subsequently denied an EIDL for the larger loan amount. EIDL may be used to provide paid sick leave to employees, maintain payroll, meet increased production costs due to supply chain disruptions or pay business obligations, including debts, rent and mortgage payments. Eligible grant recipients must have been in operation on January 31, 2020.
A nonprofit that receives an EIDL between January 31, 2020 and June 30, 2020 as a result of a COVID-19 disaster declaration is eligible to apply for a Paycheck Protection Program (PPP) loan or the business may refinance their EIDL into a PPP loan. In either case, the emergency EIDL grant award of up to $10,000 would be subtracted from the amount forgiven in the PPP.
Application for EIDL can be found here: https://disasterloan.sba.gov/apply-for-disaster-loan/index.html.
Businesses and nonprofits that have a furloughed or reduced workforce as a result of the COVID-19 emergency can receive a refundable payroll tax credit for 50 percent of wages paid to employees. Employers receiving EIDL or other SBA loans would not be eligible for these credits.
The stimulus plan also includes an above-the-line deduction for total charitable contributions of $300. This falls far short of requests of $4,000 per person ($8,000 married) offered by Senator Lankford and supported by Philanthropy California and other organizations.