Nonprofit organizations can access numerous resources for assistance during the COVID-19 pandemic.
Updated December 29, 2020.
The City of Evanston website lists numerous federal and state resources.
ecf rapid response operating grants
Evanston-serving nonprofits facing significant financial challenges due to lost earned and/or fundraising revenue and/or increased expenses due to providing increased, new, or changed services in this crisis can apply for Operating Grants. Learn more about the Operating Grant funding priorities, funding parameters, qualifications, how to apply, deadlines and decision dates, and application questions.
economic injury (EIDL) and paycheck protection (PPP)
The Relief Act passed by Congress in December 2020, includes two programs that can help Evanston’s nonprofit and small businesses. The Act includes a second round of Economic Injury Disaster Loans (EIDL) grants of up to $10,000 and a second round of Payroll Protection Program (PPP) loans of up to $2 million. It can be a challenge to navigate those forms and documents but ECF, through a partnership with Executive Services Corp, is offering FREE information and assistance to Evanston small businesses and nonprofits. Click on this link for more information or to ask for help. A consultant will contact you.
main street lending program
The Federal Reserve has expanded its Main Street Lending Program to include nonprofit organizations. Eligible organizations must have at least 10 employees. Nonprofit organizations will be able to obtain loans of at least $250,000 and up to $300 million.
Eligible organizations must have at least 60% non-donation revenue from 2017 to 2019. The organization’s 2019 operating margin must be at least 2%. Eligible organizations must have been in operation at least five years and have less than $3 billion in endowment.
The program is administered by the Federal Reserve Bank of Boston, which has released this useful summary. Applicants must work with a qualified lender, a list of whom can be found on the Federal Reserve website.