Frequently Asked Questions (FAQs) about the Crisis Fund

Q. Who is qualified to receive financial assistance?

A. Any McCoy’s Building Supply employee who has reached 6 months of employment or their survivors within six months of the employee's death.

 

Q. Both I and a family member work for McCoy’s –can we both apply for funds?

A. Yes –however, some limits apply if both employees are members of the same household.

 

Q. What types of situations qualify?

A. Examples include, but are not limited to these types of events that result in serious, temporary financial or shelter-related crisis:

  • The serious medical condition of an employee or an immediate family member who resides with the employee;
  • Fire, flood or other natural catastrophic event;
  • Death of the employee or an immediate family member

 

Q. Who decides who receives money and how much?

A. A committee has been created to review applications and determine need. The committee does not see the applicant's personal information and does not know who the applicant is. The committee may award a grant up to the cap set by the board of directors.

 

Q. Do I have to repay the money?

A. No. Any funds issued by the Dennis P. McCoy Employee Crisis Fund are grants, and as such do not have to be repaid.

 

Q. Can I apply more than once?

A. Yes, you can apply up to four (4) times per year. However, there are limitations to the amounts you can receive and chronic situations may not qualify for assistance.

 

Q. Who provides the money for the fund?

A. The Dennis P. McCoy Employee Crisis Fund relies  primarily on payroll contributions by employees of McCoy’s Building Supply.  We also receive support through fund raising efforts, donations from vendors and others in our community. Learn more

 

Q. How can I be sure my application information is kept private?

A. All members of the Employee Crisis Committee who handle any confidential information, or have the responsibility to follow-up with applicants, have signed a confidentiality agreement and are held to strict standards designed to protect applicant privacy. The Application Review Committee never sees applicant names, locations or other identifying information. Any situations that result from an employee's medical or health related condition are handled by the Corporate Benefits Department personnel only.

 

Q. Who manages the fund and its business?

A. The Dennis P. McCoy Employee Crisis Fund, Inc. is managed by a board of directors and operated according to the bylaws of the corporation. All Board members and committee members volunteer their time and energy to accomplish the mission of the Fund.

 

Q. Can I serve on the Crisis Fund?

A. Yes! We are always looking for Committee Members and often need help with projects and internal promotion. Contact any Board Member if you are interested in serving.

 

Q. What kind of organization is the Dennis P. McCoy Employee Crisis Fund?

A. The Dennis P. McCoy Employee Crisis Fund, Inc. is a non-profit, 501(c)3 charitable corporation. It was formed by a group of McCoy’s Building Supply employees and is managed by volunteer employees of McCoy’s Building Supply. No more than 1/2 of the organizations officers and committee members are management employees.

 

Q. Is there a limit to how much money an employee can get?

A. Yes –the board sets limits to the amount an employee or family can receive based on the funds financial status. These limits are reviewed quarterly and adjusted to allow the greatest possible aid for employees while ensuring grants do not exceed contributions. The current limits are (effective 05/14/16):

Grant maximum – $2,500 employee or dependant medical only, or;                                  $1000.00 per individual, or

                                   $2000.00 per household

 

Annual Limitation - $3000.00 per individual recipient, or:

                      $4000.00 per household

5-year Limitation - $4500.00 per individual recipient, or:

                     $6000.00 per household

“Annual” as stated above is defined as 12 sequential months, or a rolling 12-month period

Survivor grant limitations are as follows:

Upon the death of a qualifying employee, a one-time grant, not to exceed $1500.00, may be awarded to surviving dependent(s).

Want to help?

Employees can complete an on-line payroll deduction form or complete and print the form below for faxing or mailing.

Or you may send your check to:

The Dennis P. McCoy Employee Crisis Fund, Inc.

1350 N Interstate 35

San Marcos, TX 78666

 

All donations are tax-deductible.

Print this form for fax or emailing to the Payroll Department
Payroll Deduction Request.pdf
Adobe Acrobat document [390.3 KB]
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© The Dennis P. McCoy Employee Crisis Fund, Inc.