Frequently Asked Questions
The COVID-19 crisis is causing financial hardship to millions of American workers in virtually every sector of the economy. Donations will go directly to hardworking families when they need it the most.
Anyone. Every donation makes a difference and can be as a one-time gift or an ongoing periodic contribution.
Based on the generous support of our initial partners to cover the fund operating expenses, 100% of your donation (less any applicable processing fees) will be designated for distribution to workers.
Payactiv ACCESS Foundation’s application for tax exempt status is in progress. Once approved, the Foundation’s recognition as tax-exempt under section 501(a) of the Internal Revenue Code as an organization described in Section 501(c)(3) will be retroactive to its date of incorporation and donations would be deemed to be deductible charitable contributions. Please consult your tax advisor for any clarifications. Payments must be received before the end of the year to be eligible for a tax deduction in that year. There is no minimum contribution amount. Checks must be made payable to the Payactiv ACCESS Foundation. Checks made payable to other payees or multiple payees will be returned.
Unfortunately, regulations do not allow for donations to be earmarked for specific individuals.
Yes – if you would like your donation to be directed to employees of a specific employer, please contact info@payactivfoundation.org.
The Foundation will provide a written acknowledgment of your contribution upon request and after receiving recognition as a tax exempt organization described in Internal Revenue Code section 501(c)(3).
No, donating to the Fund is completely voluntary. Eligibility for assistance is based upon need and qualifying circumstance, and grants are approved by the Foundation’s selection committee.
For more information, please contact info@payactivfoundation.org