Establishing and administering an effective Employee Relief fund requires substantial administrative skills. Many of the regulatory rules and administration best practices can be confusing. However, all administrative practices and processes must be designed to meet the basic regulatory requirements of these funds. Below is a brief overview and simplification of many of these regulatory requirements: (IRS publication 1999 EO CPE excerpts)
President, Emergency Assistance Foundation
The Emergency Assistance Foundation, Inc. is a 501c(3) charity created to design and operate multiple employer-sponsored disaster relief and employee hardship funds. These funds allow domestic and international employers and employees to help their coworkers in times of crises.
EAF is a 501c(3) tax-exempt, public, non-profit organization with IRS approval specifically for Employee Hardship and Disaster Relief Funds which can be administered in the United States, Canada and internationally.