With the recent flooding in Louisiana and the tornadoes in Indiana and Ohio, we are reminded that catastrophe can strike any of us, at any time. No matter how prepared you think you are, life can be upended at a moment’s notice. When these things happen, having help from others can make all the difference between being able to put the pieces back together or spiraling into further financial disaster.
The AICPA Benevolent Fund, established in 1933, was created to assist AICPA members during times of financial difficulty. Whether the result of natural calamity, sudden emergencies or chronic health issues, the fund seeks to aid current members and their families by offsetting some of the resulting financial toll. Eligibility is evaluated on a case by case basis through an extensive application process. If approved, the fund provides financial assistance to members for a variety of needs, including:
- Temporary monthly living expenses
- Temporary monthly medical, mental and prescription costs exceeding insurance coverage
- Premiums for Medicare or other health insurance
- Most medically necessary services for dependent children under the age of 21
- One-time emergency grants
- Other emergency-related costs, as approved by the evaluating Board of Trustees
It’s comforting to know the AICPA looks after its members not just professionally, but personally as well. If you are experiencing severe and unexpected financial difficulties, consider contacting the AICPA Benevolent Fund for temporary assistance to help you through the turbulence.
To learn more, visit the links below: