Articles for tag: Payroll Protection Program

October 7, 2020

By Jim Nieman Christian colleges and universities were already under significant stress even before the COVID-19 tsunami came crashing over our nation. In fact, two of them—Cincinnati Christian University and Nebraska Christian College—have closed during the past year. We decided to take the temperature of institutions across the United States by asking college presidents to share their year-over-year attendance figures and to describe the challenges they are facing. It might surprise some to learn that a handful of the 16 colleges and universities that shared their data with us actually saw their enrollment increase from fall 2019 to fall 2020.

May 26, 2020

Christian Standard

Ministries & Nonprofits Organizations & Events

TSF, CDF, CFR Helping Partner Churches to Weather COVID-19

The three church extension funds that provide loans to independent Christian churches and churches of Christ have been working to accommodate and help their partner churches during the challenges brought on by the COVID-19 pandemic. The Solomon Foundation has thus far helped 34 churches secure $8.4 million in SBA Payroll Protection Program forgivable loans through its bank partnerships. TSF also initiated a special program for those unable to obtain PPP funds which has provided grants totaling more than $425,000 to 26 churches and organizations. (TSF and 13 partnering churches provided funds for this endeavor.) Additionally, the TSF Tithe program disbursed

April 1, 2020

Christian Standard

Money & Debt Stewardship & Generosity

Churches Are Eligible for Paycheck Protection Program

By Renee Little Churches are eligible for economic relief related to the coronavirus pandemic, and the time to apply is NOW! The Paycheck Protection Program was approved through Congress and signed by the president. Approximately $349 billion in forgivable loans will be given out to small businesses (under 500 employees). Nonprofits, including churches, are included. Now is the time for church leaders to strongly consider whether to seek relief through this program and to take action. Here are the next steps: 1. See this page on the Vanderbloemen website that includes videos and other information providing the most recent updates