IOWA NONPROFIT RECOVERY FUND ANNOUNCED

Volunteer Iowa and the Iowa Economic Development Authority (IEDA) announced today the launch of the Iowa Nonprofit Recovery Fund, an extension of the Iowa Small Business Relief Grant Program.

The program will provide short-term relief to nonprofit organizations that have seen reduced revenue and/or increased costs as a result of the COVID-19 pandemic. Eligible nonprofits may be awarded a grant of up to $25,000, based on income, expenses, outstanding obligations and other state and federal assistance received. The program has $10 million available, which was allocated through federal CARES Act funds.

Initially eligible nonprofits must be a 501(c)(3), 501(c)(6) or 501(c)(19), be based in Iowa and have:
Experienced a documented, involuntary loss of revenue and/or increase in expenses that occurred after March 1, 2020 due to the COVID-19 public health emergency Annual operating budget of more than $25,000 Twenty-five or fewer full-time equivalent employees A primary mission to serve the program’s priority service populations For more information on eligibility and assistance or to apply, visit iowabusinessrecovery.com.

Applications will be reviewed in the order received and awarded on a first come, first ready to process basis. Applications will be accepted until August 14 at 5 pm or until funds have been exhausted.

Questions regarding the Iowa Nonprofit Recovery Fund can be addressed by calling 515.348.8897 (toll free: 855.854.2440).