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"Back in 2014, the Colorado Health Foundation made an unusual decision. The philanthropic organization, known for helping nonprofits, put its money into a for-profit startup, myStrength, a behavioral health app.
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In partnership with ZOMA Foundation, Catena Foundation, and Gates Family Foundation, First Southwest Community Fund established a $3 million COVID-19 Rapid Response & Recovery Loan Fund to offer affordable loans to rural businesses and nonprof
Read moreThe historic $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act provides much needed relief to individuals, businesses, and nonprofits impacted by the COVID-19 outbreak in the United States. 501(c)(3) public charities and their donors should be aware of a new tax incentive in the law that could strengthen nonprofit fundraising at this critical time.