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ORR began funding IDA programs in October 1999. ORR invites qualified entities to submit competing grant applications for five-year projects that will establish, support, and manage IDAs for eligible low-income refugee individuals and families. ORR IDA grantees provide matches of up to $1 for every $1 deposited by a refugee in a savings account.
[8] The ORR uses a matching grant program to provide funding for its affiliate voluntary agencies. These voluntary agencies are then expected to operate the program through their national networks. The ORR “awards $2 for every $1 raised by the agency up to a maximum of $2,500 in Federal funds per enrollee.
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”
Retirees don’t pay state income tax on their Social Security benefits or pensions in Alabama. But your 401(k) and IRA withdrawals are fully taxable at the state’s 2% to 5% income tax rate ...
In philanthropic giving, foundations and corporations often give money to non-profit entities in the form of a matching gift. [2] Corporate matches often take the form of employee matching gifts, which means that if an employee donates to a nonprofit, the employee's corporation will donate money to the same nonprofit according to a predetermined match ratio (usually 1:1).
This type of grant allows for the decentralization of fund distribution and administration. For charitable grants and funds for schools and organizations see: Grant writing and Grants. There are over 900 grant programs offered by the 26 federal grant-making agencies. These programs fall into 20 categories:
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As of 2013, the most common matching program increased to 100% of the first 6%. [3] [4] The idea is that once the employee contributes 6% of their gross pay, [5] the employer's contributions cease until the following year. If the employee contributes less than 6% of their gross income, the employee foregoes additional compensation from the ...