Presidents Message
Contact Info
Mailing Addresses
Longwood Rotary Club
PO Box 781
Kennett Square, PA  19348
 
Longwood Rotary Foundation
PO Box 382
Kennett Square, PA  19348
Club Executives & Directors
President
President Elect
Vice President
Secretary
Treasurer
Immediate Past President
Director of Community Relations
Director of Communications
Director of R I Foundation and Club Chair
Director for Development
Director at Large, Representative to Gundaker Foundation
Public Relations Coordinator
Director of Membership
Director of Youth Programs and Rotaract Coordinator
Sergeant-at-Arms
Interact Coordinator
Sergeant-at-Arms
Interact Coordinator
Zoom Producer
Newsletter Coordinator and Editor
Sergeant-at-Arms
Sergeant-at-Arms
Sergeant-at_Arms
RYLA Coordinator
Speakers
Cheyl Kuhn
Jul 16, 2020
Update on Southern Chester County Business Conditions
Vicki Gehrt and Rob Newman
Jul 23, 2020
Discussion of Club and Foundation Budgets for Coming Year
Cathy Davis
Jul 30, 2020
Hosts for Hospitals
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  Donations are appreciated and can be sent to:
  Longwood Rotary Foundation 
  P.O. Box 781, Kennett Square, PA 19348
Meeting Information

We meet In Person
Thursdays at 6:45 AM
ONLINE MEETINGS AT THIS TIME
Longwood Rotary YouTube Channel
https://www.youtube.com/channel/UC_CxN4zQMj6upfuQ9XapllA
Kennett Square, PA 19348
United States of America
Club News
 
“The END and the BEGINNING"
This week we will have our online “Induction of Officers” for the Longwood Rotary Club.
JOIN US as we THANK our outgoing Club President Bob Curran and all those members who have served our Club and our Community so well for the past 2019-2020 Rotary year.
PLUS…. we’ll welcome our incoming Club President Vicki Gehrt and our new Officers and Directors for 2020-2021 as they embark upon their leadership roles to help fulfill our Rotary “Service Above Self” Mission.
PLUS…. be sure to learn who will receive the prestigious “ROTARIAN(S) OF THE YEAR” AWARD for 2019-2020 !!!
PLUS… check out the new “NO LIMITS- PEOPLE OF ACTION” 1-minute video about the Longwood Rotary Club.
 
Guest Presenter Dr. Robert S. Porter is editor-in-chief of The Merck Manuals, the famous medial reference books published by the American pharmaceutical company Merck & Co.
Other Presenters 
Bob Curran - Club President
Dave Haradon – Membership Spotlight
Dave Foresman
Andy Jenkins
Dawn Doherty-Kohl

The SBA has released a new application form for forgiveness of the Paycheck Protection Program (PPP) loans. The instructions provide some clarity regarding the Paycheck Protection Program Flexibility Act of 2020 that was signed by the president on June 5th 2020. The most significant changes were the extension of the eight week covered period to twenty four weeks and the reduction of the payroll requirement from 75% to 60%. Borrowers can choose whether to use the eight week or twenty four week periods.

The interpretation by some that the 60% payroll requirement was a "cliff" is not correct. This means failure to have 60% of your loan amount in eligible payroll costs will not cause the borrower to lose all forgiveness. Forgiveness will be prorated so that payroll will make up 60% of the forgiven amount.

One of the key takeaways from the updated instructions is the individual limitation for payroll costs ($100,000 annualized) increased substantially with the longer covered period ($15,385 for the 8 week covered period and $46,154 for the 24 week covered period). The limitation for owners (owner-employees, self-employed individuals, or general partners) using a 24 week covered period is capped at $20,833 or the 2.5 month equivalent of their applicable compensation in 2019. For borrowers using an 8-week covered period the cap is $15,385 or the eight week equivalent from 2019. The owner payroll limitation prevents the borrower from increasing the owners pay in 2020, however there are no similar rules related to family members or other related parties.

The forgiveness amount can be reduced by a Salary/Hourly Wage Reduction or by a Full Time Equivalency (FTE) Reduction Calculation.

  • The Salary/Hourly Wage reduction only applies if an employee's salary or rate was reduced. It does not apply if an employee's total pay reduced because of reduced hours.
  • The FTE reduction still applies, however it includes some notable exceptions. There is still an exception if the FTEs reduced but were later restored by the date the forgiveness application is submitted. There is now an additional exception if the borrower was unable to operate at the same level of business activity due to compliance with requirements of certain government agencies for social distancing and other safety requirements related to COVID-19. This new exception provides much needed relief for businesses that have had to close or alter their business to comply with government mandates.

There is an EZ application form for borrowers who have no employees or did not reduce their FTE count or meet one of the exceptions to the FTE rules. It is essentially the same application without the FTE forms.

Applications will be submitted through your lender many of whom are expected to create online portals. At this point, most lenders are not ready to accept applications for forgiveness. Documentation will need to be submitted to the lender with the application including payroll reports, payroll tax forms, lease agreements, cancelled checks and invoices for payment of utilities, health insurance and retirement benefits. Additional documentation is required to be maintained by the borrower, including documentation of Wage/Salary information and documents supporting FTE exceptions.

With the changes, most businesses should have no issue attaining full forgiveness. If restrictions can be lifted in the near term, we hope that these funds will allow small businesses to recover quickly.

Again, thanks to Fenstermacher and Co. for the information in this article. 

 
Guest Presenter:
Ellen M. Ferretti, Director of the Brandywine Conservancy will share how they successfully help to conserve land, protect our water supplies and provide engaging and diverse recreational attractions for all to enjoy together.
Other Presenters:
Bob Curran - Club President
Dave Foresman
Mike Hughes
Jordan Gushurst
Barry Kanofsky
4-Way Test presentation from Bob Curran’s Grandkids !
The Square Roots Collective needs drivers for 15 passenger vans (no special license needed) to deliver meals to various food distribution sites in the community. The Program runs from June 8th to August 8th ( 8 weeks), Monday through Thursday working from 10:30 AM to 1:30 PM. Drivers will be paid $10 per hour. If  you or someone you know can help out a lot or a little please contact Kate Daneker at 484-678-3889 or kdaneker@ksqroots.com.
The induction of Vicki Gehrt as our President and her supporting Officers and Directors will be Thursday June 25th at 7 AM via our Zoom meeting. We will celebrate the new Rotary term with President Gehrt and her Board of Directors as we hear about the club's goals for the 2020-2021 year.
 
Guest Presenters: High School Students of the Quarter, Grace Pruitt from Kennett High School
Joshua May from Unionville High School 
Other Presenters: Bob Curran - Club President
Heather Morihara (School Counselor - Kennett High School)
Marybeth Lyles (School Counselor - Unionville High School)
Dave Foresman
Jim Horn
Steve Maley
Matt Grieco