Many private foundations and other grantmaking organizations have shifted operationally since the COVID-19 pandemic started in order to respond to grantees in need. Common responses have included: Remove restrictions and conditions from grantsWaive reporting requirements Open the application process outside of typical grant cycles However, the current situation has [...]

Recently, Federally Qualified Health Centers (FQHCs) received two sets of supplemental funding released by the Health Resources and Services Administration (HRSA) in response to the COVID-19 pandemic: $1.32 billion in CARES Supplemental Funding (H8D), appropriated through the CARES Act of 2020, and;$100 million in COVID-19 Supplemental Funding (H8C), appropriated thr [...]

As documented through various news reports and articles, the healthcare industry has been overwhelmed by the first wave of coronavirus cases. Healthcare providers have struggled with performing necessary healthcare services as a result of several factors stemming from the lack of medical equipment (ventilators, etc.), medical supplies (including personal protective eq [...]

With the race to submit Paycheck Protection Program (PPP) loan applications before the funds run out, some important questions remain unanswered. Single Audit Applicability: Will the loan proceeds under the PPP program be subject to a Single Audit? For those unfamiliar with a Single Audit, it is an organization-wide financial and compliance audit of a non-federal en [...]

The Internal Revenue Service released Notice 2020-23 in which it expands the tax filing relief to tax exempt organizations. An automatic extension has been provided until July 15, 2020. In the body of the notice there are specific forms and payments that are listed out such as: Form 990-T: Exempt Organization Business Income Tax Return and paymentsForm 990-PF: Priva [...]

The stay-at-home order amidst the COVID-19 pandemic unexpectedly launched the world’s largest remote-working experiment. Over the past weeks, we have seen organizations, including our clients and our own firm, spring into action to adapt to running either a partial or a completely remote operation. GHJ has been fielding questions in the process as our clients put new [...]

Children’s Bureau of Southern California (Children’s Bureau) is one of the most trusted and innovative child and family services organizations in California and provides at-risk children and their parents with the support, tools and resources they need to be successful. Children’s Bureau offers a range of programs for children and families and provides training and te [...]

The “Further Consolidated Appropriations Act, 2020” government funding bill was signed by President Donald Trump on Dec. 20, 2019 and includes a provision to repeal Sec. 512(a)(7), which relates to the tax imposed on tax-exempt organizations for providing transportation and parking to employees. The tax was first implemented through the Tax Cuts and Jobs Act back in D [...]

The cover story of a recent issue of Bloomberg Businessweek, “Everything is Private Equity Now,” caught my eye. I do see some truth in this seemingly exaggerated title. Over the last 10 years, I have witnessed most large private foundations I work with either venturing into private equity or gradually increasing their asset allocation to private equity. This article t [...]

It takes planning and effort to bring in new board members, but what happens after they are voted in? At a recent Board meeting I attended, members were thrilled to vote in two new impressive members. Both bring skills and expertise that the Board had identified as needs, namely public policy and medical expertise. This brings the total new Board members in 2019 to si [...]