Event Date: 09.01.2020
This session is limited to Cultural Investment Portfolio grantees.
This group coaching session is designed for nonprofit borrowers who successfully secured a PPP loan and plan to seek loan forgiveness. The guidance on how to qualify for loan forgiveness, provided by the Treasury, SBA, and bank lenders, has changed over time and even been contradictory. Congress passed new legislation on June 3 that provides more flexibility on how and when PPP funds can be spent and still qualify for forgiveness. NFF is actively researching and vetting information as released and will provide Mass Cultural Council grantees with our latest analysis and recommendations to maximize PPP loan forgiveness during these coaching sessions. Participants will have the opportunity to ask questions related to their specific circumstances.
About the presenters:
Claire Knowlton, Director, Advisory Services, Nonprofit Finance Fund
Claire leads NFF’s work on full cost with nonprofits, funders, and government partners and authored “Why Funding Overhead is Not the Real Issue: The Case to Cover Full Costs.” She also leads several major initiatives, including NFF’s work to improve the flow of revenue and capital to organizations combating the homelessness crisis in Los Angeles County, and a six-year effort that combines anti-racism, capacity building, and funding to develop new nonprofit arts models. Prior to joining NFF in 2014, Claire led a community-based art center in Los Angeles from financial distress to a model of excellence in programming and organizational management. She has also worked as an auditor and tax-preparer for nonprofits. Claire earned a Bachelor of Arts from University of the Pacific with a double major in economics and religious studies.
Ketsia Saint-Armand, Associate, Advisory Services, Nonprofit Finance Fund
Ketsia delivers core financial analysis and coaching services to social-sector clients. She is passionate about leveraging data as a resource that organizations can use to maximize their mission impact. Prior to joining NFF, Ketsia worked in commercial banking strategy and institutional asset management at Capital One and PNC Asset Management Group, respectively. Before that, she developed curriculum in algebra, trigonometry, and geometry for a NYC-based education organization. Her social sector experience spans program management, strategy consulting, and fundraising for Haiti Cultural Exchange, Phillips Brooks House Association, Grow Up Great, and the National Association of Haitian Professionals. Ketsia received her Bachelor’s degree in Social Studies from Harvard University, where she focused on development and migration in the Caribbean. Outside of work, Ketsia volunteers with Shaper Impact Capital, a network for social impact investors and enterprises.
To register, please contact Michael Ibrahim, Program Manager, Cultural Investment Portfolio.