News

During a recent meeting, members of FASB’s Not-For-Profit Advisory Committee discussed the conditional nature of CARES Act Higher Education Emergency Relief Fund grants and whether “deemed spent” principles are applicable to HEERF conditions.

The IRS and Department of the Treasury finalized rules governing the net investment income tax imposed on certain private colleges and universities. Many provisions in the final rules reflect the comments submitted by NACUBO and other stakeholders.

NACUBO on Your Side covers important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us. In this edition, the Department of Education faced HEERF legal challenges and updated an FAQ, Congress failed to deliver coronavirus relief, and more.

The Department of Education, in implementing a presidential executive order, has finalized a new rule providing significant new protections for religious student groups and faith-based institutions.

While the use of on-site renewable energy systems for commercial buildings has greatly increased in the last decade, higher education still appears to be lagging behind its counterparts in sustainable energy generation.

Our What Did I Miss in Washington? series is changing to more effectively highlight how our advocacy efforts work on your behalf. NACUBO on Your Side will still cover important legislative and agency activity NACUBO staff are tracking, what we’re currently advocating for, and how you can take action with us. This week, PPP loan forgiveness applications are available, ED eases HEERF reporting requirements and allows more time to apply, and more.

While overall postsecondary enrollment stayed relatively flat this summer, community colleges, for-profit institutions, and rural schools were more likely to experience enrollment declines, according to new data from the National Student Clearinghouse Research Center. Results also indicate growing enrollment gaps in underrepresented populations, particularly among Black students and men.

Five-year loans from the Main Street Lending Program, which are not forgivable, are now available to small and medium-sized nonprofit organizations that meet certain criteria.

According to an IRS notice published late Friday, employers may defer the withholding and deposit of employees’ share of social security tax for the period of September 1 through December 31, 2020. The liability for the taxes is not waived and employers opting to participate in the deferral will need to collect and deposit those amounts between January 1, 2021, and April 30, 2021.

Our What Did I Miss in Washington? series is changing to more effectively highlight how our advocacy efforts work on your behalf. NACUBO On Your Side will still cover important legislative and agency activity our staff members are tracking, what we’re currently advocating for, and how you can take action with us. This week, learn about new DACA protocols from DHS, changes to fraud reporting in distance education, and more.