The intention of this template is to provide a general accounting of revenue scenarios for house corporations to prepare for in the event that occupancy is impacted during the upcoming academic year. The recommendation is to compare reductions of 10%, 25%, 50% to your standard revenue expectations. This spreadsheet may need to be adjusted based on your facilities specific operations.
Use of Donor-Restricted Funds in a Crisis
Our partners at Blue Advisors have provided an update on how organizations may want consider reaching out to donors to reconsider gift restrictions to free up additional capital for operations.
Currently, there are no tangible updates to the next stimulus proposal, the HEROES Act, but through the efforts of the NPC, NIC, and FSPAC, headway has been made to include 501(c)7’s and 501(c)2’s in this round of relief.