Latest Nonprofit business and finance News

FILE - Hot air balloons are inflated during the annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 5, 2019. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, file)

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Jul. 7, 2020 12:01 AM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's...

Data: Payroll loans aided thousands of Massachusetts groups

Jul. 6, 2020 7:20 PM EDT

Boston (AP) — A handful of institutions with connections to the Kennedy family were among the more than 18,000 businesses, nonprofit groups and other organizations in Massachusetts awarded loans over $150,000 under the federal Paycheck Protection Program. The Robert F. Kennedy Children’s Action...

FILE - Hot air balloons are inflated during the annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 5, 2019. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, file)

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Jul. 6, 2020 7:15 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's...

FILE - In this June 30, 2020 file photo, Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on the coronavirus response on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak (Tasos Katopodis/Pool via AP, File)

Small business aid went beyond hard-hit companies, data show

Jul. 6, 2020 6:53 PM EDT

WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned...

FILE - In this June 5, 2020 file photo, people raise their fists during a rally, in Las Vegas, against police brutality sparked by the death of George Floyd, a Black man who died after being restrained by Minneapolis police officers on May 25. A flood of donations during the surge of global protests following the death of Floyd have left racial equality and social justice groups in a position they might never have expected to be in: figuring out what to do with a surplus of cash.   (AP Photo/John Locher, File)

Racial equality groups grapple with surge in donations

Jun. 24, 2020 10:03 AM EDT

NEW YORK (AP) — A flood of donations following the death of George Floyd have left racial equality and social justice groups in a position they might never have expected to be in: figuring out what to do with a surplus of cash. Floyd, a Black man who died May 25 pleading for air as a white Minneapolis...

COVID-19 Response Fund helps another 23 nonprofits

Jun. 23, 2020 2:40 PM EDT

PROVIDENCE, R.I. (AP) — A fund established to support Rhode Islanders struggling because of the coronavirus pandemic has distributed another $700,000 to 23 nonprofits around the state to help with food, rent, utilities and other expenses, the fund announced Tuesday. The COVID-19 Response Fund created in...

This undated photo provided by Ala' Khan shows Jonathan Simcosky, from left, Maya Mansour, Ala' Khan and Hadar Cohen, posing for a selfie while watching a sunset in celebration of the start of Ramadan in Los Angeles.   The four roommates moved into a five-bedroom, five-bath house in Los Angeles’ Koreatown neighborhood earlier this year. They come from different faiths: Baha’i, Christianity, Islam and Judaism.   They live rent-free in a new interfaith experiment known as the Abrahamic House. (Photo courtesy of Ala' Khan via AP)

Four roommates of different faiths face a pandemic together

May. 20, 2020 7:07 PM EDT

LOS ANGELES (RNS) — Hadar Cohen, Ala’ Khan, Maya Mansour and Jonathan Simcosky arrived as strangers, ready to embark on a new interfaith journey. The four roommates moved into a five-bedroom, five-bath house in Los Angeles’ Koreatown neighborhood earlier this year. They come from different...

Nonprofit plans dam removal to restore herring population

May. 19, 2020 8:58 PM EDT

NORWELL, Mass. (AP) — A Massachusetts nonprofit plans to move ahead with removing a dam that will make it easier for the herring population to reach their spawning grounds. The North and South Rivers Watershed Association believes the removal of the Peterson's Pond dam in Third Herring Brook will restore...

Kerri Kaplan, a fifth grade teacher, stands next to a small library she has in her front yard in Phoenix, Ariz., on Friday, April 17, 2020. As government orders shuttered public libraries to slow the spread of coronavirus, some have turned to official and unofficial book-sharing means to satisfy their desire for new reading material.  (AP Photo/Michelle A. Monroe)

Small free libraries offering solace amid virus shutdowns

May. 17, 2020 11:52 AM EDT

Christine Gale Reynolds worked at the public library in Yosemite National Park before it closed in March when California Gov. Gavin Newsom issued shutdown orders to slow the spread of the coronavirus. So, she filled the back of her car with donated books and began her own mobile library. “I know this may...