Author Topic: Financial Assistance  (Read 11735 times)

Offline aussiebochur

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Financial Assistance
« on: March 18, 2020, 08:59:58 PM »
As the craziness continues, there must lots of people who are struggling financially, whether it's from being laid off, business being closed or just no business.

If you know details of things like unemployment benefits, business loans, free personal loans or anything else, pleas post.

Being that DDF knows everything (or can figure it out) let's try put together as much info as we can that will allow people to get through this.

Mishneh Torah, Laws of Charity, 10:7

There are eight levels of charity, each greater than the next.

[1] The greatest level, above which there is no greater, is to support a fellow Jew by endowing him with a gift or loan, or entering into a partnership with him, or finding employment for him, in order to strengthen his hand so that he will not need to be dependent upon others . . .



Offline aussiebochur

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Offline cgr

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Offline Barryg

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Re: Financial Assistance
« Reply #3 on: March 18, 2020, 10:51:57 PM »
SBA is adding loans specifically for this disaster. https://disasterloan.sba.gov/ela/

Offline chevron

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Re: Financial Assistance
« Reply #4 on: March 19, 2020, 01:20:22 AM »
Was just asking.

Where is the federation in all this ?

Jewish food bank ?

Offline cgr

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Re: Financial Assistance
« Reply #5 on: March 19, 2020, 10:50:59 AM »
« Last Edit: March 19, 2020, 10:56:40 AM by cgr »

Online AsherO

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Re: Financial Assistance
« Reply #6 on: March 19, 2020, 10:57:06 AM »
I’m a self-employed consultant, not incorporated. I’m not asking for tax advice or anything so please keep that out of this. What “small business” loans are available to me?
DDF FFB (Forum From Birth)

Offline cgr

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Re: Financial Assistance
« Reply #7 on: March 19, 2020, 01:31:32 PM »
Article on various programs available. Looks like they're constantly updating.

https://www.nytimes.com/article/coronavirus-money-unemployment.html

Offline Yehudaa

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Re: Financial Assistance
« Reply #8 on: March 19, 2020, 03:04:31 PM »
Expensify.org/hunger to reimburse families in need during COVID-19 crisis

These are unprecedented times, and it's inspiring to see communities rising to the challenge. However, not everyone has the resources to "shelter in place" especially the millions of people in the Supplemental Nutrition Assistance Program (SNAP). Living paycheck to paycheck is hard when millions of businesses around the nation are closing down indefinitely, and hourly workers (including those dependent upon tips) are the hardest hit. In particular, families with kids whose primary meals happen at school are especially vulnerable when those schools shut down.

With this in mind, Expensify.org is going to temporarily redirect all of its charitable funds to Expensify.org/hunger. With its ability to reimburse volunteers directly in real-time, Expensify.org is uniquely positioned to help families in need immediately. Until today, this fund was focused on paying off kids' "lunch debts" , but with schools closed around the nation, that isn't the top priority. Instead, we're devoting everything to a new program: matching SNAP grocery purchases up to $50 per family. It works like this:

  • Purchase food as normal with your SNAP card
  • Download Expensify on iOS or Android, for free
  • Join the Expensify.org/hunger policy
  • SmartScan the receipt, which will tell us how much you paid and show that it was paid for with an Electronic Benefits Transfer (EBT) card
  • Submit it to volunteer@expensify.org
  • Set up your bank account to receive the funds
  • So long as we have funds available, we will reimburse up to $50 per family (one time), the very next day.

To be clear, we can't commit to reimbursing every single person in need — we have no idea how many people will do this, and unfortunately, we don't have unlimited funds. We also don't know how long this crisis will last and how far our brand new charity's resources will stretch. But we're going to do what we can with the funds donated on behalf of Expensify Cardholders via the Karma Points feature, as well as by the extremely generous donors who have signed up for our Corporate and Personal Karma programs.

This is a truly global crisis, and it is only beginning. We all need to work together to weather the storm, and on behalf of Expensify.org's many generous members, we're eager to help.

-david

President of Expensify.org

PS: While you may not personally be on SNAP, please forward this along to anyone based in the US (where the SNAP program operates) you know that may need food assistance — or to any other groups or organizations who might be able to spread the word that help is available. Helping our local communities is what Expensify.org is all about!

Sent by: Expensify, Inc. - 548 Market St #61434 - San Francisco, CA 94103

Offline YitzyS

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Offline etech0

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Re: Financial Assistance
« Reply #10 on: March 19, 2020, 06:32:09 PM »
Article on various programs available. Looks like they're constantly updating.

https://www.nytimes.com/article/coronavirus-money-unemployment.html
Is there anything on the NY Gov website about these? I couldn't find...
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Offline YitzyS

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Offline CountValentine

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Re: Financial Assistance
« Reply #12 on: March 19, 2020, 07:13:11 PM »

If that is the case it is DOA!!!
I would guess they mean phased out.
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Online aygart

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Re: Financial Assistance
« Reply #13 on: March 19, 2020, 07:20:03 PM »
If that is the case it is DOA!!!
I would guess they mean phased out.
That is what I had seen. It would begin phasing out at 150k/yr income. I would need to look it up.
Feelings don't care about your facts

Offline CountValentine

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Re: Financial Assistance
« Reply #14 on: March 19, 2020, 07:24:40 PM »
That is what I had seen. It would begin phasing out at 150k/yr income. I would need to look it up.
150k filling jointly? I seen a 75k figure but that could be for a single person.
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Online aygart

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Re: Financial Assistance
« Reply #15 on: March 19, 2020, 07:32:46 PM »
150k filling jointly? I seen a 75k figure but that could be for a single person.
I guess.
Feelings don't care about your facts

Offline etech0

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Re: Financial Assistance
« Reply #16 on: March 19, 2020, 09:28:22 PM »
Can anyone copy/paste this article? It has a paywall.
TIA
https://www.nytimes.com/2020/03/19/upshot/coronavirus-paid-leave-guide.html 
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Offline CountValentine

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Re: Financial Assistance
« Reply #17 on: March 19, 2020, 09:33:16 PM »
Who Qualifies for Paid Leave Under the New Coronavirus Law
It is the first time the U.S. will have broad federally mandated paid leave. But some will be excluded from the emergency measure.
The coronavirus emergency relief package, which became law Wednesday, gives many American workers paid leave if they need to take time off work because of the virus.

It is the first time the United States has had widespread federally mandated paid leave, and includes people who don’t typically get such benefits, like part-time and gig economy workers. But the measure excludes at least half of private-sector workers, including those at the country’s largest employers.

What type of paid leave does the law offer?
It gives qualified workers two weeks of paid sick leave if they are ill, quarantined or seeking diagnosis or preventive care for coronavirus, or if they are caring for sick family members. It gives 12 weeks of paid leave to people caring for children whose schools are closed or whose child care provider is unavailable because of coronavirus.

Which workers qualify?
Most workers at small and midsize companies and nonprofits can get the paid leave, as can government employees, as long as they’ve been employed at least 30 days.

Which workers are excluded?
Those at companies with more than 500 people — 48 percent of American workers — are excluded. Workers at places with fewer than 50 employees — 27 percent of workers — are included, but the Labor Department could exempt small businesses if providing leave would put them out of business. Employers can also decline to give leave to workers on the front lines of the crisis: health care providers and emergency responders.

Are part-time and self-employed workers eligible?
Yes. Part-time workers will be paid the amount they typically earn in a two-week period. People who are self-employed — including gig economy workers like Uber drivers and Instacart shoppers — can also receive paid leave, assuming they pay taxes. They should calculate their average daily self-employment income for the year, then claim the amount they take as a tax credit (they can reduce their estimated quarterly tax payments in the meantime).

How much money do I get while on leave?
If you are sick or seeking care for yourself, you earn the full amount you are usually paid, up to a maximum of $511 a day. If you are caring for a sick family member or a child whose school or day care is closed, you earn two-thirds of your usual pay, up to a daily limit of $200.

How do I go about taking leave?
The Labor Department must issue guidelines by April 2 to assist employers in calculating how much paid leave their employees should get. After that, you should be able to simply notify your employer, take the leave and get paid the amount specified by the law.

How will businesses and nonprofits afford to pay workers on leave?
They will be reimbursed for the full amount within three months, in the form of a payroll tax credit. (The Trump administration has said it will advance the money earlier for employers that can’t wait that long.) The reimbursement will also cover the employer’s contribution to health insurance premiums during the leave. It’s fully refundable, which means that if the amount that employers pay workers who take leave is larger than what they owe in taxes, the government will send them a check for the remainder. (That goes for self-employed and gig economy workers, too.)
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Offline etech0

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Re: Financial Assistance
« Reply #18 on: March 19, 2020, 09:35:47 PM »
Thanks!
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Offline YesThatsMe

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Re: Financial Assistance
« Reply #19 on: March 20, 2020, 08:56:27 AM »
Basically any couple who filed in 2018 jointly less than $150K will get a $2,400 check. Plus $500 for each child.

So a typical family with 4-6 kids in our community (yes, the typical family has an AGI if less than $150K), will receive a $4,400-5,400 check.

Honestly if this arrives before Pesach then Kimcha D’Pischa this year is not about donating money, but rather helping keep community infrastructure afloat to ensure delivery of Pesach goods to quarantined people for market value.