CARES Act Funding supports non-profits via Covid-19 relief
In wake of Covid-19 the Federal Government passed the CARES act to provide relief to businesses and workers across the United States. Within the $2 trillion dollar bailout are millions of dollars allocated for certain 855 organizations, which are tax-except non-profits and charities.
The National Endowment of the Arts announced today that it will be directing the distribution of these funds to various agencies and organizations in all 50 states and the District of Columbia and Puerto Rico. These funds are design to “support staff salaries, fees for artists or contractual personnel, and facilities costs.”
For full details check out the release below.
National Endowment for the Arts Approves Arts Organizations for CARES Act Funding
Washington, DC (July 1, 2020) —The National Endowment for the Arts announces the nonprofit arts organizations recommended for direct Cares Act funding through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. These 855 organizations—located in every state, the District of Columbia, and Puerto Rico—will receive a total of $44.5 million in non-matching funds to support staff salaries, fees for artists or contractual personnel, and facilities costs.
Grants of $50,000 are offered to 846 organizations while nine local arts agencies will receive $250,000 each to further award to arts organizations in their area. The National Endowment for the Arts received more than 3,100 eligible applications requesting $157 million for the $45 million available in direct assistance. To review the applications, the agency used more than 200 application readers and panelists to review and score each application using the published review criteria.
“All of us at the National Endowment for the Arts are keenly aware that arts organizations across the country are hurting, struggling, and trying to survive and that our supply of funding does not come close to meeting the demand for assistance,” said Arts Endowment Chairman Mary Anne Carter. “That said, I am enormously proud of the over-and-above efforts of the Arts Endowment staff to swiftly and professionally manage such a large amount of additional work in a relatively short period of time on behalf of the American public.”
These awardees represent the diverse nature of arts organizations around the country. Overall funding is divided nearly evenly between small, medium, and large arts organizations.
In April, the agency announced the distribution of the required 40 percent of the CARES Act’s $75 million appropriation to the state and regional arts agencies for their granting programs. Each agency has its own process and timeline for awarding those funds, however, the Arts Endowment anticipates that together those entities will make between 4,200 and 5,600 awards.
From the beginning, the Arts Endowment has pursued both speed in making awards, and maintaining the agency’s reputation for organizational excellence. Just 12 days after President Trump signed the CARES Act legislation, the Arts Endowment posted guidelines for direct funding applicants. In less than three weeks, the agency had announced awards to state arts agencies and regional arts organizations. This press release marks less than 14 weeks since the legislation was made into law.
Arts and culture are a key component of the U.S. economy that contribute $877.8 billion, or 4.5 percent, to the nation’s gross domestic product in 2017 and employ over 5 million wage‐and‐salary workers who collectively earned $405 billion. This funding will help support those jobs and those nonprofit organizations during this time of great need so that arts and culture will persevere as a significant contributor to the American economy.
About the National Endowment for the Arts
Established by Congress in 1965, the National Endowment for the Arts is the independent federal agency whose funding and support gives Americans the opportunity to participate in the arts, exercise their imaginations, and develop their creative capacities. Through partnerships with state arts agencies, local leaders, other federal agencies, and the philanthropic sector, the Arts Endowment supports arts learning, affirms and celebrates America’s rich and diverse cultural heritage, and extends its work to promote equal access to the arts in every community across America. Visit arts.gov to learn more.