July 14, 2015
When setting up a fund, many organizations forge ahead without putting much thought into the best practices in creating these types of programs. Failure to do so could result in a fund that is less efficient, and therefore less effective, than it could be. While not an exhaustive list, the following are some areas to consider before finalizing the details on a disaster & hardship relief fund.
Source: Stockham, D., Clontz, B. 17 May, 2012. Emergency Assistance Funds (EAFs) for Employee Hardship and Disaster Relief: Legal, Tax and Design Considerations. Planned Giving Design Center. Accessed from: http://www.pgdc.com/pgdc/emergency-assistance-funds-eafs-employee-hardship-and-disaster-relief-legal-tax-and-design-cons