| Crosslin wanted to make sure our not-for-profit customers are aware of the Tennessee Community CARES Program, a new aid program that will provide $150 million in direct federally funded aid to non-profit organizations located in Tennessee and serving Tennesseans. This program will be funded by the Coronavirus Relief Fund, a fund created by Congress under the CARES Act to provide ready funding to state, territorial, local, and tribal governments to address unforeseen financial needs and risks created by the COVID-19 public health emergency. The Tennessee Community CARES Program will provide funding to non-profit organizations to assist them with their ongoing efforts to address the ongoing health and economic impacts of COVID-19. Additional information, including examples of activities prioritized and encouraged for funding under this program, is available here. For non-profits wishing to receive response and recovery grants, instructions for grant proposals will be issued by the Department of Human Services and its partner non-profit grant administrators on August 1, 2020. Grant applications will be processed on a first-come, first-serve basis with monthly reporting requirements and a de-obligation date of November 15. We will update everyone once guidance is released on August 1. The Crosslin team is here to help with any questions you may have. Contact Dan Warren in our tax department at (615) 320-5500. |
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