News Tag: Client Alert

On December 22, 2022, then-Attorney General Maura Healey released a revised “Guide for Board Members of Charitable Organizations” (the “Guide,” available here), last updated in 2015, to outline best practices for charitable boards in Massachusetts. The press release regarding the new Guide is available here. The revised Guide includes “a call for boards to emphasize

By: Sharon C. Lincoln, Anita S. Lichtblau, and Stéphanie Smith We are nearing the first anniversary of a first-of-its-kind ruling by the Massachusetts Supreme Judicial Court. The SJC’s ruling in Lynch v. Crawford in December 2019 has particular relevance right now as many nonprofit organizations are facing budget shortfalls due to the COVID-19

By: Sharon C. Lincoln On April 24, 2020, the Paycheck Protection Program and Health Care Enhancement Act (“PPP & HCE Act”), was signed into law. This new federal relief legislation includes $310 billion of additional funding to restart the Paycheck Protection Program (“PPP”). The PPP is an economic stimulus initiative that makes it easier for

By: Eric W. Dyer, Anita S. Lichtblau and Sharon C. Lincoln   The Massachusetts Attorney General’s Office, Non-Profit Organizations/Public Charities Division (the “Division”) has recently released timely and helpful guidance for nonprofit organizations. On April 28, 2020, the Division issued guidance for charities on utilizing endowment funds titled, “Attorney General Guidance on Endowments for Charities

By: Katie L. S. Von Kohorn On April 27, 2020, Governor Charlie Baker signed into law “An Act Providing For Virtual Notarization To Address Challenges Related To COVID-19” (the “Act”), which will allow the execution of notarized documents and documents requiring witnesses in Massachusetts via videoconference during the COVID-19 public health emergency. The Act is

By: Sharon C. Lincoln and Anita S. Lichtblau On Friday April 3, 2020, Governor Baker signed into law emergency provisions that will permit nonprofits organized in the Commonwealth to adapt their governance practices to the unique challenges posed by the current COVID-19 crisis.   One of the key issues the emergency provisions are

By: Sharon C. Lincoln  Interim final rules impose tighter rules regarding use of PPP loans; faith-based organizations are exempt from affiliation rules The U.S. Small Business Administration (“SBA”) released guidance in the form of two interim final rules at the end of last week, as well as a fact sheet

By: Sharon C. Lincoln The U.S. Department of the Treasury (“Treasury”) released guidance in the form of a Q&A fact sheet at the end of the day on Tuesday March 31, 2020 providing preliminary answers regarding the Paycheck Protection Program (“PPP”) provided under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES

By Sharon C. Lincoln and Eric W. Dyer As the economic impact of COVID-19 continues to be felt throughout the United States, the federal government has provided $2.2 trillion in relief by enacting the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which was signed into law on March 27. The

By Sharon C. Lincoln and Eric W. Dyer The Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) includes the Paycheck Protection Program, a new initiative that makes it easier for eligible organizations to obtain loans through the Small Business Administration (“SBA”) in order to keep operations running and retain employees. An