WILL I BE TAXED ON THE GRANT RECEIVED?

No, Team Fund grants are not considered part of the recipient’s taxable income.  

DO I NEED TO REPAY THE GRANT LATER?

No, Team Fund grants are not considered loans. Recipients do not need to repay the grant. Our hope is that the grant will help alleviate some of the unforeseen financial burden teammates are experiencing.

APPLYING FOR HELP

The Team Fund helps company team members who are facing a financial hardship due to an event beyond their control. The situation must meet the guidelines and meet the definition of “emergency” or “hardship” resulting from an extended illness/injury, death, disaster or other special situation. For the purposes of the Team Fund, an emergency is defined as “an unexpected event or catastrophe that is non-recurring or an unavoidable situation of a serious and urgent nature.”

Because a Team Fund grant addresses an abnormal and unforeseen event causing a hardship, it is unlikely that more than one grant for the same situation will be issued. However, a team membercould potentially receive multiple grants for different situations. For instance, a team member may receive a grant in January due to the loss of his/her home in a fire. This same teammate might receive another grant in June of the same year because his/her spouse became ill and the teammate had to take time from work to care for the spouse. If the spouse's illness leads to his/her death in November of that same year, yet another grant could be appropriate.   

Please complete the form in its entirety. It is essential that you provide current and accurate information. Any documentation that you have that supports your claim should accompany this application to ensure there are no delays in evaluating your request.

NEXT STEPS

1. You must complete the entire application based on your situation, including the required documentation to help the Grant Committee better understand and verify your situation.  

2. Once you have submitted your application and documentation, the Grant Committee will review your application and make a decision.

3. The goal of the Grant Committee is to respond within two weeks after receiving your application, including all required documentation. They will let you know if your application is approved or denied.

SUPPORTING DOCUMENTATION

To allow your application to be processed quickly, please include appropriate supporting documentation. The application cannot be considered until the Grant Committee receives ALL supporting documentation for your situation. You may be asked for additional documentation that is not outlined in this document in order for the Grant Committee to fully understand your financial situation and decide on assistance. 

APPLICATION REVIEWAL PROCESS

1. Receive request: Applicant submits request for assistance online and Grant Committee is notified of request through email notification. 

2. Initial review: Grant Committee reviews request and documentation provided. All requests must have supporting documentation. If appropriate documentation is not provided, the application is incomplete. The Grant Committee would then request this from the applicant. 

3. Grant Committee Review: It is the goal of the Grant Committee to respond within 10 business days of the applicant providing all necessary items for the request.

4. Decision: Application is approved or declined by the Grant Committee. If approved, a notification letter and a check are sent to the applicant. Declinations receive a letter of declination.