National Council of Nonprofits Helps Community Organizations Apply Recovery Act
Washington, DC, Feb. 24, 2009 — The language of "crisis" and "recession" is starting to give way to the language of "stimulus" and "recovery" following President Obama's signing of the American Recovery and Reinvestment Act last week. To help America's nonprofit sector make recovery a reality, the National Council of Nonprofits today issued two special reports on the new stimulus law and what it means for community-based organizations.
The first special report analyzes the $787 billion economic stimulus legislation, summarizing the major spending and tax cut provisions and identifying potential grant opportunities for nonprofits. The second offers grant information, tips, and considerations - including that the stimulus package offers some grant opportunities, but is not a universal remedy for everyone.
"Because nonprofits play such vital roles in the health and well-being of their local communities, nonprofits will be a key cornerstone for our nation's economic recovery," said Tim Delaney, President & CEO of the National Council of Nonprofits. "We designed these initial Special Reports to make the dense legislative language of the 407-page Act accessible so nonprofit leaders can step forward quickly to determine their course of action. Some may advance their missions by pursuing stimulus grants to spark the recovery of their communities. Others may take a seat at the policy table to make sure that decisions about what gets funded - and what doesn't - are made wisely for the common good."
The two reports launch a new ongoing series to promote a better understanding regarding the intersection between the nonprofit sector and our nation's economic recovery. The series will be posted as part of the "Solutions" section of the Nonprofit Economic Vitality Center, a constantly-updated online clearinghouse of resources to help nonprofits cope with the economic crisis.
The reports can be found on the National Council's website.