In the aftermath of a disaster or in other emergency hardship situations, individuals, employers and corporations often are interested in providing assistance to victims through a charitable organization.
The IRS has long recognized that funds established to assist individuals and communities that suffer as a result of natural disasters and emergency hardships are charitable in nature. These resources help to explain the rules applicable to public charities and private foundations in these undertakings.
In-Depth knowledge on Disaster Grantmaking
A number of practical suggestions for good disaster grantmaking are highlighted in this guide.
Outlines how employer-connected disaster relief and emergency hardship funds are eligible for exemption.
In the aftermath of a natural disaster, corporate grantmakers often wish to address the needs of employees and the community at large. Grantmakers must understand the legal rules that govern disaster grantmaking.
Matching gift options for disaster grantmaking.
Options for community foundations, public foundations, and other charities for disaster grantmaking.
Options for private foundations for disaster grantmaking.
Direct Corporate Giving options for disaster grantmaking.
Grantmakers should be advised that Hurricane Sandy is a “qualified disaster” for federal tax purposes. Under IRS rules, this means that employers may more easily assist employees affected by the disaster.