Why Start an Employee Assistance Fund?
By launching an Employee Assistance Fund (EAF), employers can be better prepared to provide tax-exempt grants to their employees and associated members during times of Qualified Disasters like COVID-19, and other crises causing financial hardship including natural disasters, serious illness and death of immediate family members.
Employers can start an EAF in a manner that represents their social responsibility goals and aligns with employee financial needs.
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What is an Employee Assistance Fund?
An Employee Assistance Fund is a program created to help relieve employees and associated members of unexpected financial hardship by distributing tax-exempt grants; composed of tax-deductible charitable contributions made by the sponsor company and/or individuals interested in supporting the program.
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