Employee Assistance Fund Details
2020 Downtown Boulder Employee Assistance Fund
The Downtown Boulder Foundation (DBF) has created the 2020 Downtown Boulder Employee Assistance Fund to support individual employees of downtown Boulder businesses who are experiencing immediate, unforeseen financial hardships due to COVID-19.
Gifts from the fund will be made available to individuals who are:
- Either employed by a downtown Boulder business and have had their hours reduced;
- OR Who were recently employed by a downtown Boulder business, but were let go as a result of the COVID-19 pandemic.
And:
- Are experiencing severe financial distress resulting from significant loss of income from their downtown Boulder employment due to the COVID-19 pandemic.
As donations are received (and remain available) through the Downtown Boulder Employee Assistance Fund, we will fund one-time gifts of $500 to individual employees, nominated by their employer (up to 3 nominations per month), whose incomes are being adversely affected due to business closings and/or operational adjustments during this crisis.
Required Criteria to receive a gift from the Fund:
- Applicants must be nominated by their employer (current or former) (who may nominate up to 3 employees per month)
- Individual employees must work/have worked within the defined downtown Boulder boundaries identified by the DBF (see map below)
- Individual employees must be experiencing severe financial distress resulting from significant loss of income from their downtown Boulder employment due to the COVID-19 pandemic. Examples of severe financial distress include: limited to no savings, unable to cover basic needs such as food and rent, financial responsibility for family members, etc.
Timeline:
- Beginning on April 1, the online donation portal will be open to the public for the collection of donations to the fund.
- Beginning on April 15, Downtown Boulder Foundation staff will review applications on a weekly basis.
- Once an application is received, notification of application status will be sent to both the nominee and nominating employer within 10 days.
As funds are / become available, funding will be provided to approved applicants (by check) within 30 days
Details:
The 2020 Downtown Boulder Employee Assistance Fund will be financed through a Virtual 5K run and direct donations from individuals, companies and organizations on the RunSignUp platform. Limited edition t-shirts are also available to support the fund for $25. $15 of the sale of each shirt goes to support the fund.
Available funds will be provided to nominees who meet the required criteria: employees of downtown Boulder businesses experiencing severe financial distress as a result of the COVID-19 pandemic. Requests for funds will be considered on a first-come, first-served basis. Each downtown Boulder business may nominate up to three (3) employees each month.
Nomination Forms will be available through DowntownBoulderEmployeeFund.org and collected via Google Forms. DBF staff will compile all application information for review (and will review with DBF board support, if needed) within 5 business days for verification of eligibility. Nominees who do not meet the required criteria for the grant (see required criteria below) will be notified within 10 days that they are not eligible.
