Natural disasters.
Catastrophic illness or injury.
Military deployment.
Death.
The challenge: Every day your employees and colleagues face emergencies
like these and the financial hardships that often follow. Most employers and fellow
employees want to help and usually just "pass the hat" to open an account at a
bank. What if there were a way to create an employer-specific fund that was
simple, allowed for the maximum public charity tax deductions for the employer
and employees and provided all the administration/compliance?
The solution: Emergency Assistance Foundation Inc., is an
employer-sponsored emergency fund, providing assistance in creating and
maintaining financial assistance funds for qualified employees.
These charitable funds allow employees and employers to help their co-workers
in times of need.
Catastrophic illness or injury.
Military deployment.
Death.
The challenge: Every day your employees and colleagues face emergencies
like these and the financial hardships that often follow. Most employers and fellow
employees want to help and usually just "pass the hat" to open an account at a
bank. What if there were a way to create an employer-specific fund that was
simple, allowed for the maximum public charity tax deductions for the employer
and employees and provided all the administration/compliance?
The solution: Emergency Assistance Foundation Inc., is an
employer-sponsored emergency fund, providing assistance in creating and
maintaining financial assistance funds for qualified employees.
These charitable funds allow employees and employers to help their co-workers
in times of need.
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| "The idea is to take care of your own," Laura Roybal, JetBlue HR coordinator "It fits into our philosophy of dedication to the work of healing," Karla Haugan, PHR, the human resource director for Sioux Valley, on the topic of crisis funds. |
during employee orientation, to encourage newcomers to contribute. The appeal seems to work: At JetBlue nearly 100 percent of new employees who have heard the message contribute to the fund. Companywide, 65 percent of employees contribute." (Excerpt taken from "Help is at hand: some employers have set up tax-advantaged crisis funds to help employees cope with financial problems", HR Magazine, Nov. 2005.) |