Bryan Orander, President, Charitable Advisors |
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Oct. 31 is a key date for
Public Service Student Loan Forgiveness
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This brief article isn’t about tax or financial advice but a “heads up” to all of you who are working in the nonprofit sector and have student loans. Nor is this appeal about the $10,000 forgiveness that was recently announced. It’s about the long-standing forgiveness program that the federal government created many years ago, specifically for nonprofit and public sector workers, but only recently has made fully operational.
If you, your employees, or someone you care about have federal student loans, please encourage them to take a few minutes to see how they might be able to get on track to improve their situation by tens of thousands of dollars. This week’s podcast features a conversation with Damian Dunn at Your Money Line here in Indianapolis. We talked a little bit about the Public Service Student Loan Forgiveness program and process.
To be clear, the program is ongoing, but the government is giving borrowers some leeway until Oct. 31 to correct shortfalls, encouraging people who have been turned down in the past to get more payments counted, and ensuring that borrowers are in the queue for potential forgiveness after 120 payments. Go to www.StudentAid.gov for more information.
In our conversation, Damian shared how an employee for one of their client companies was able to get 100 monthly payments reclassified as eligible — over eight years’ worth. Now that individual is less than two years away from forgiveness of their remaining balance.
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Hear innovative ideas, insights, and developments from your peers in the Central Indiana nonprofit community. Subscribe so you don’t miss one of these engaging conversations with local nonprofit leaders.
In our upcoming podcasts, you’ll meet Fred Payne, the new CEO of United Way, and Dr. Collette Pierce Burnette, the new CEO at Newfields. We also are rolling out a series with the leaders of area nonprofits who have a birds-eye view on the arts (the Arts Council of Indianapolis), afterschool and out-of-school programs (Indiana Afterschool Network), immigration (Immigrant Welcome Center), and homelessness (CHIP). We are looking forward to getting to know more of our local nonprofit leaders better and sharing those conversations with you. https://charitableadvisors.com/podcast/
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We want to recognize board leaders
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For most board members, board leadership roles come with a commitment and investment of time and resources to support a cause they care about. However, for the individual who steps up to serve as board president or chair, the role comes with the assumption of overall responsibility for the nonprofit and guiding the organization’s path forward.
As we continue to share news of board leaders who have taken the helm, we encourage you to recognize and thank these individuals for tackling the role, because as a community member you recognize the value of his or her investment to help keep the sector strong.
If you want to announce your organization’s new board leader, please send name, position and a head shot HERE.
We are open to other ways we can support and recognize board leaders. Send us your thoughts or tell us a story about a board leader who has made a difference in your organization. Share your ideas with Bryan Orander, president.
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Jenny Dexter
VP of business development, Matchbook
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Nichelle Hayes
Interim CEO, Indianapolis Public Library
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Looking for a new ED/CEO leadership role?
Charitable Advisors has supported 100 nonprofit leadership searches since early 2019.
With more transitions on the horizon, we are building a leadership talent database of experienced nonprofit leaders to make the process more efficient and effective for both candidates and employers.
If you are thinking about or planning to change roles in the next year or sooner, please consider submitting your resume and answering a few questions, in confidence.
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SELECTED CHARITABLE ADVISORS NONPROFIT RESOURCES |
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Who else needs to know this information?
Tell your staff, board of directors and colleagues about Frontline Perspectives by forwarding this email.
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Charitable Advisors | 317-752-7153 | CharitableAdvisors.com |
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