Emergency Financial Assistance: Best Practices

Emergency Financial Assistance: Best Practices

An issue brief from the Bob Woodruff Foundation outlines best practices for providing emergency financial assistance (EFA) to service members, veterans, and their families experiencing health and economic impacts of the COVID-19 pandemic. According to the brief, Emergency Financial Assistance: Best Practices (2 pages, PDF), targeted funding for essential expenses such as rent and mortgage, utilities, car payments, and food and household supplies can help families remain housed, avoid additional debt, and help meet their basic needs, but organizations should establish and implement practices to ensure the responsible administration and tracking of funds and accurate reporting of their impact. Recommended best practices include allowing only paid program staff to administer emergency financial assistance; adopting a clear set of eligibility requirements that address community needs and gaps in existing services and resources; establishing a maximum payment amount per individual/household in order to prevent misuse of funding; and establishing shared impact expectations among grantee organizations and funders.

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