Announcements

    The Champlin Foundation’s COVID-19 Response

    May 7, 2020

    Dear Friends and Partners – Over the course of its 88-year history, The Champlin Foundation has taken measures to support Rhode Island’s nonprofit community during extraordinary times like the COVID crisis we are currently facing. In late March, we were proud to announce steps we were taking to support Rhode Island’s public health response and […]

    Learn More

    Information Regarding The Champlin Foundation Response to the COVID-19 Pandemic

    March 31, 2020

    We want to begin this note by simply saying thank you. The current public health crisis and economic repercussions are like nothing we have experienced before. While the rapid spread of COVID-19 has created uncertainty, it has also brought us together even as we keep our social distance. We at The Champlin Foundation are as […]

    Learn More

    A Message from the Executive Director – 2020

    January 2, 2020

    As someone who always sees the glass as half full rather than half empty, the start of a New Year fills me with hope, excitement and anticipation. This is especially true following such a dynamic year here at The Champlin Foundation. Although our 100+ site visits in 2019 took place months ago, I remain inspired […]

    Learn More

    A Message from the Executive Director – 2019

    January 2, 2019

    As this New Year begins, we at The Champlin Foundation are feeling the excitement of both a fresh start and a renewed commitment to the people and places of this beautiful state. In my first letter to the field I look to share with you some reasons for my own enthusiasm about the coming months.

    Learn More
    COVID-19 Resources

    Please see below for information regarding The Champlin Foundation’s response to the COVID-19 pandemic. Thanks to our friends at the Grantmakers Council of Rhode Island, we have also provided additional resources that may be available to agencies and organizations across the state. Please note that information from outside Champlin has been provided as a guideline to potential resources that are available and is not intended as legal advice or an endorsement of any program or policy.  Each organization should do their own due diligence and consult professionals for legal and financial advice.

    Earlier this year, we introduced an easy-to-use online grant application portal. We began accepting applications on March 1, 2020. Due to the COVID-19 crisis, the Foundation has decided to extend the application deadline from April 30, 2020 to May 31, 2020. This extended deadline will allow agencies and organizations to better assess their needs and priorities that may have been impacted by COVID-19.

    Working with our longtime grantees, we have conducted an RFP process to award emergency grants to eligible agencies and organizations. Priority will be given to organizations that are directly responding to the COVID-19 crisis and to those that have experienced a substantial loss of earned revenue. Invitations to apply were sent to eligible organizations on April 7, 2020 and grant checks were mailed to organizations receiving support on May 1st.

    The CARES Act includes a number of different provisions that offer resources for nonprofit organizations.  Here is a summary of the relevant nonprofit resourcesas summarized by the National Council of Nonprofits:

    Paycheck Protection Program (PPP) Loans (emergency SBA 7(a) loans): Creates an emergency loan program providing loans of up to $10 million for eligible nonprofits and small businesses, permitting them to cover costs of payroll, operations, and debt service, and provides that the loans will be forgiven in whole or in part under certain circumstances.

    • General Eligibility: Available to entities that existed on February 15, 2020 and had paid employees or paid independent contractors.
    • Nonprofit Eligibility: Available for charitable nonprofits with 500 or fewer employees (counting each individual – full time or part time and not FTEs). The law does not disqualify nonprofits that are eligible for payments under Title XIX of the Social Security Act (Medicaid), but does require that employees of affiliated nonprofits may be counted toward the 500 employee cap, depending on the degree of control of the parent organization.
    • No Personal Guarantee: No personal guarantee or collateral will be required in securing a loan.
    • Loan Amount: The lesser of $10 million or 2.5 times the average total monthly payroll (including benefits) costs from the one-year period prior to the date of application.
    • Loan Use: Loan funds can be used to make payroll and associated costs, including health and retirement benefits, facilities costs, and debt service.
    • Loan Forgiveness: Employers that maintain employment for the eight weeks after the origination of the loan, or rehire employees by June 30, would be eligible to have their loans forgiven, essentially turning the loan into a grant.

    Economic Injury Disaster Loans (EIDL): Creates SBA emergency grants for eligible nonprofits and other applicants with 500 or fewer employees enabling them to receive checks for $10,000 within three days.

    Employee Retention Payroll Tax Credit: Creates a refundable payroll tax credit of up to $5,000 for each employee on the payroll when certain conditions are met. The entity had to be an ongoing concern at the beginning of 2020, experienced a whole or partial shutdown, and had seen a drop in revenue of at least 50 percent in the first quarter compared to the first quarter of 2019. The availability of the credit would continue each quarter until the organization’s revenue exceeds 80 percent of the same quarter in 2019. For tax-exempt organizations, the entity’s whole operations must be taken into account when determining eligibility. Notably, employers receiving Paycheck Protection Program loans would not be eligible for these credits.

    Delayed Payment of Payroll Taxes: Allows employers to delay payment of the employer portion payroll taxes in 2020; payable in equal halves at the end of 2021 and 2022.

    The SBA and the Department of the Treasury recently released guidance about the Paycheck Protection Program. You can download a sample application to determine what information you will need to apply. According to the Department of the Treasury’s summary, an overview of the PPP is:

    The Paycheck Protection Program provides small businesses with funds to pay up to 8 weeks of payroll costs including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

    • Fully Forgiven: Funds are provided in the form of loans that will be fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely high subscription, at least 75% of the forgiven amount must have been used for payroll). Loan payments will also be deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders will charge small businesses any fees.
    • Must Keep Employees on the Payroll—or Rehire Quickly: Forgiveness is based on the employer maintaining or quickly rehiring employees and maintaining salary levels. Forgiveness will be reduced if full-time headcount declines, or if salaries and wages decrease.
    • All Small Businesses Eligible:  Small businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors— are eligible. Businesses with more than 500 employees are eligible in certain industries.
    • When to Apply:  Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. We encourage you to apply as quickly as you can because there is a funding cap. 
    • How to Apply:  You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating. All loans will have the same terms regardless of lender or borrower. A list of participating lenders as well as additional information and full terms can be found at www.sba.gov

    If you are interested in the PPP, the US Chamber of Commerce has a very helpful Checklist for Small Businesses and Nonprofits that walks through each step of the application process.

    You should plan on working with your current financial institution for PPP loans.  If you want to see a full list of RI lenders participating with SBA, the full list is here, pages 30-31.

    Independent Sector has put together a list of the information you will need to gather to apply for a SBA loan. It is also suggested that you gather documentation verifying payroll costs, mortgage interest, rent and utility payments that you expect to incur over the two month period after you receive funding.

    The SBA provides Emergency Injury Disaster Loans (EIDL) for businesses affected by disasters.  As a result of the CARES Act, nonprofits are also eligible to apply for EIDL. According to a summary from Independent Sector:

    SBA EIDL loans are low-interest loans provided through the SBA disaster loan program to help businesses and homeowners recover from declared disasters. The CARES Act expands eligibility for access to EIDL loans and provides upfront grants.

    • Only “private nonprofits” are eligible for both EIDLs and the new EIDL grants
    • Establishes an emergency grant to allow an eligible nonprofit that has applied for an EIDL loan due to COVID-19 to request an advance on that loan, up to $10,000, which the SBA must distribute within 3 days
    • Applicants are not required to repay advance payments, even if denied for an EIDL loan, but advanced payments would be counted towards the loan forgiveness amount under a 7(a) PPP loan
    • Funds can be used for payroll costs, materials, rent, mortgage or other debt payments

    To apply for an EIDL loan, visit the SBA’s COVID-19 Economic Injury Disaster Loan Application.

    According to Independent Sector’s summary, the payroll tax credit provides a refundable payroll tax credit for 50% of wages paid by employers to employees during the COVID-19 crisis. Please note that an organization that receives a PPP loan is NOT eligible for the tax credit.

    • The credit is available to employers (1) who were fully or partially suspended, due to a COVID-19-related shut-down order, or (2) where gross receipts declined by more than 50% when compared to the same quarter in the prior year
    • The total wages attributed to an employee is capped at $10,000, including health benefits, resulting in a maximum credit of $5,000 per employee
    • Eligible wages include
      • For employers with greater than 100 full-time employees, wages paid to employees when they are not providing services due to COVID-19
      • For employers with 100 or fewer full-time employees, all employee wages qualify for the credit, whether the employer is open for business or subject to a shut-down order
    • Applies only to wages paid after March 12, 2020 and before January 1, 2021.

    According to Independent Sector’s summary, this program allows employers to defer payment of the employer share of Social Security taxes, 6.2% on employee wages. Please note that payroll taxes may not be deferred if a nonprofit has a loan forgiven under the PPP.

    • The provision applies to all employers, including nonprofits.
    • There is no limit on the number of employees to take the deferral.
    Foundation in the News

    Press releases and media coverage.

    • Post Type Filter

    1/2
    May 7, 2020

    Champlin Foundation gives grants to 63 organizations

    By Providence Journal Staff CRANSTON – The Champlin Foundation on Thursday awarded emergency COVID-19 grants to 63 organizations in Rhode Island. The liquidity grants include gifts to support arts organizations like Trinity Rep, attractions like the Roger Williams Park Zoo, and childcare and after-school providers that have been forced to close like the Boys and […]

    See full story
    Mar 27, 2020

    Champlin Foundation to donate $1.6M to RI COVID fight

    By Patrick Anderson Journal Staff Writer Posted Mar 27, 2020 at 11:43 AM The Champlin Foundation said Friday it will donate $1.6 million to help Rhode Island fight the spread of COVID-19, including money for hospitals to expand their coronavirus testing capacity. The commitment will include a $1 million fund that organizations can apply to for […]

    See full story
    Mar 27, 2020

    This Just In: Guard troops to look for New Yorkers; shortages at Lifespan

    By Michael McDermott Journal Managing Editor Posted Mar 27, 2020 at 4:30 PM Good afternoon and welcome to This Just In. I’m Mike McDermott, managing editor of The Providence Journal. Today is March 27; happy 73rd birthday to Warwick native and former Wall Street Journal columnist Walt Mossberg. Here is the latest on the coronavirus […]

    See full story
    Nov 26, 2019

    Champlin Foundation Awards $18M in Grants to Local Rhode Island Organizations

    2019 Awards Include 31 First-Time Recipients CRANSTON, RI – The Champlin Foundation approved 198 grants totaling $18 million that will support mission-driven organizations across Rhode Island. The Foundation focuses its grantmaking each year on a diverse range of organizations that focus on community health, youth services and education, social services, historic preservation, conservation, arts and […]

    See full story
    Jan 25, 2019

    Five Questions With Nina Stack

    We are pleased to share a story with you that appeared recently in the Providence Business News. By Emily Gowdey-Backus January 25, 2019 3:07 am  PBN PHOTO/MICHAEL SALERNO Nina Stack | Executive Director, The Champlin Foundation 1. You were appointed executive director in June of last year. How have you found your first seven months in the […]

    See full story
    Annual Reports

    2018 Annual Report

    See full Report

    2017 Annual Report

    See full Report

    2016 Annual Report

    See full Report

    2015 Annual Report

    See full Report

    2014 Annual Report

    See full Report

    2013 Annual Report

    See full Report

    2012 Annual Report

    See full Report