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.
Corporate grantmakers regularly serve the broader community through grantmaking, promoting employee volunteerism, and other activities.
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.
Hurricane Sandy has once again brought disasters—and the desire to help—to the forefront. Media attention has been critical to the nation’s preparedness efforts and in bringing immediate relief to affected communities.