Financial Support

At Yoga Alliance, we are committed to updating you and connecting with you through the global coronavirus pandemic. This health emergency has understandably caused concern and anxiety amongst our communities around the world. While we cannot eliminate all threats, we can take preventative steps to minimize risk.

We have compiled the below information—which we are updating periodically —to provide you information from a variety of sources on what financial resources exist as you face these known and unknown challenges surrounding your profession as a yoga school or studio owner and/or as a yoga trainer or teacher.

For the resources on government assistance and financial support, we are currently able to provide information specific to the U.S. We understand that we have members in many countries around the world, and we hope that the other resources on this site will be useful to you. You may also exchange regional or country-specific information through YA CommUnity.

Governmental Assistance (U.S.)

In late December in the US, Congress passed a new COVID-19 relief package that extends enhanced unemployment insurance compensation, renews the Paycheck Protection Program (PPP), and provides an additional economic impact payment for individuals, among other provisions. The bill was signed by the President on December 27. Here is some helpful, updated information about key measures.

The new COVID-19 relief package extended unemployment insurance benefits previously made available under the CARES Act.  The extended programs include Pandemic Unemployment Assistance, which provides unemployment insurance benefits to individuals who are traditionally ineligible for employment benefits, and Pandemic Emergency Unemployment Compensation, which provides additional weeks of unemployment benefits to those eligible for regular benefits whose benefits are exhausted.  The relief package further provides an additional $300 per week for those receiving benefits.

The administration of unemployment benefits is handled at the state level, and how each state administers its unemployment program varies.  Individuals seeking assistance should contact their state unemployment agency with specific questions on their eligibility, application, and timing.  You can find a list of state agencies at the bottom of the Department of Labor’s unemployment insurance web page:  https://www.dol.gov/general/topic/unemployment-insurance

The COVID-19 relief package also renews the PPP, a federal loan program for small businesses that provides forgivable loans to help small businesses keep workers on payroll.  The PPP had previously closed in August but will now reopen with additional funds.  Eligibility has also been expanded to allow businesses that have already received a PPP loan to borrow a second time, subject to certain criteria. 

The PPP is administered by the U.S. Small Business Administration (SBA) which will issue new rules this week to implement changes to the PPP.  To receive funds, borrowers apply directly to participating lenders.  Like the last rounds of funding, the money is expected to go quickly.  Eligibility requirements for first-time borrowers should not change, and applicants can begin preparing their applications using the template on the SBA website.  Further, while we await further rules and guidelines from the SBA, businesses may consider contacting lenders that are part of the program for application details. 

Finally, the new COVID-19 relief package provides a direct payment of $600 for individuals (and $1,200 for married and joint filers) with an adjusted gross income up to $75,000 (and $150,000 for joint filers).

For further reference on the COVID-19 package, our partners at Pillsbury Winthrop Shaw Pittman, LLP have issued a legislative overview: https://www.pillsburylaw.com/en/news-and-insights/900-billion-stimulus.html

Philanthropic Resources

Below is information on other sources for funding.

  • Coronavirus and COVID-19 Funds – a comprehensive list of vetted COVID-19 relief funds by Giving Compass and the National Center for Family Philanthropy (NCFP)
  • Movemeant Foundation COVID-19 Relief Grants – Grants for fitness and wellness instructors based in the United States who are implementing new resources for their new digital business ideas.
  • Candid. – a list coronavirus relief funds to serve nonprofits.
Recommended Articles and Resources for Members in the United States

Below are curated articles that link to financial information and resources that might also be of value during this time.

Recommended Digital Events for Members in the United States