HOW A FUND WORKS
Many organizations want to help their own during tough times. EAF allows these organizations to establish Disaster & Hardship Relief Funds that can award grants to individuals in need. Each Fund is designed with a unique name, specific grant criteria, and a defined Charitable Class (those eligible to apply for a grant).
The Fund relies on donations made by the sponsoring organization and its partners, Charitable Class members, and/or the general public. Donations can be made through a variety of methods and can be set up as one-time or recurring contributions. In the United States, all donations are tax deductible.
Charitable Class members apply for financial assistance following an unforeseen disaster or personal hardship. The dynamic, cloud-based grant application can be accessed via the Fund's customized website. It is confidential and provides a user-friendly experience. EAF's Applicant Experience team assists applicants as needed throughout the entire process.
INITIAL APPLICATION REVIEW
After the applicant is verified to be a Charitable Class member, EAF's experienced grant reviewers perform an independent and objective review to determine grant eligibility based on the Fund's criteria and IRS regulations, and to ensure all required documentation has been received. The applicant is contacted if additional information is needed.
FINAL REVIEW & QUALITY CHECK
After initial application review is complete and all required information and documentation has been received, an experienced Quality Control reviewer completes a final Quality Check and the grant award amount is determined. If a grant is not awarded, the applicant will receive an explanation based on the Fund's objective criteria and/or IRS regulations.
TAX-FREE GRANTS AWARDED
When a grant is awarded, the grant recipient receives a notification that includes details related to the grant amount and payment instructions. Grants are seamlessly distributed domestically and internationally. Grants from the Fund are considered tax-free for grant recipients who are subject to United States IRS tax regulations.