MemberOctober 26, 2022 at 12:20 pm
I’m the ED of a 20-yr old land trust with an annual budget of $510k and 16 months of operating reserves We were fortunate and did not need to use any of our reserves during the height of the pandemic (2020 ans 2021). We conservatively estimated that our individual donations would decrease 25% but that fortunately did not happen. We secured a $53,000 PPP loan in 2021 that we used 100% for staff salaries. We did not apply for a PPP in 2021.