NSCA Foundation Relief Grant
*****ALL FUNDS HAVE BEEN EXHAUSTED FOR THIS GRANT. SHOULD MORE FUNDS BECOME AVAILABLE WE WILL NOTIFY THE MEMBERSHIP*****
$2,000 grant available for NSCA members impacted by COVID-19
The COVID-19 pandemic has affected everyone in some way, and it is especially difficult for those whose jobs have been impacted. The NSCA Foundation is sensitive to these hardships and is donating $20,000 to the newly established NSCA Foundation Relief Grant. Additionally, the Foundation will match dollar for dollar up to $5,000 of donations received to support this fund. 100% of funds raised will go directly towards the Relief Grant.
The NSCA Foundation Relief Grant will award a one-time grant of $2,000 to members of the NSCA who have been financially impacted by COVID-19. The grant seeks to support members experiencing difficulty in paying essential expenses due to decreased wages, or complete loss of employment (defined below). Applications will be kept strictly confidential, and the NSCA Foundation Board of Directors will review requests.
This one-time grant is intended for short-term COVID-19 related hardships in paying any of the following essential expenses only:
- Home rent or mortgage
- Car payments or transportation costs
- Utility bills
- Student loan payments
- Child care
- Groceries
- Medical bills
Application Period: April 21, 2020-May 15, 2020 at 11:59 pm
Funds will be distributed to the recipient: June 2020
How to Qualify
Funds will be available for NSCA members who can demonstrate that they:
- Worked on a part- or full-time basis in the strength and conditioning industry for a minimum of 90 days in the past year
- Have had a primary source of income in the strength and conditioning industry for the last year; and
- Have experienced a decrease in wages or loss of job on or after March 10, 2020; and
- Are over the age of 18
Application Information
Applicants will need to provide the following documentation:
- Completed Application
- Valid membership to the NSCA (minimum one year)
- 250-500 word explanation of the hardship and what funds will be used for
- The following financial information:
A pay stub dated before December 10, 2019, which shows:
- Your name
- Your employer’s name
- Employment beginning before December 10, 2019
- Hours and/or Amount Year to Date (YTD)
If you are self-employed and do not have a pay stub, please submit your 2019 Schedule C Tax Return.
AND, one of the following to demonstrate a significant decrease in income:
EITHER:
A pay stub dated after March 10, 2020, which shows:
- Your name
- Your employer’s name
- Date on or after March 10, 2020
- Hours and/or Amount Year to Date (YTD)
- Demonstrates a significant decrease in income from the first paystub
OR:
In place of a second pay stub, applicants can also upload a notice or letter of termination or a claim for unemployment dated after March 10, 2020, that must show:
- Your name
- Employer’s name
- Date of termination
OR:
A claim or proof of unemployment benefits that shows:
- Your name
- Date of claim
Individuals related to employees, board members, or affiliates of the National Strength and Conditioning Association and/or the National Strength and Conditioning Association Foundation ARE NOT eligible to apply. All grants will be awarded at the discretion of the National Strength and Conditioning Association Foundation Board of Directors.
Apply for the NSCA Foundation Relief Grant.
All questions can be directed to foundation@nsca.com.
Support the NSCA Foundation Relief Grant
A couple of months ago, many of us were thinking ahead to fun spring activities, and life was “business as usual.” Now, here we are in the middle of a crisis with COVID-19. And the NSCA Foundation is responding.
If you are looking for a way to support our industry in this vulnerable time, consider a donation to the NSCA Foundation COVID-19 Relief Fund. Donations will help fund grants for people dealing with financial distress because of changes in their employment. In times of crisis, even a small helping hand can go a long way. And right now, your donation will go even further because The NSCA Foundation will match your gift dollar for dollar up to $5,000.
We care about NSCA members, first and foremost. So we urge you to take care of your immediate needs and ensure you have the means to weather the crisis should it last longer than anticipated. Then, if you are in a position to help, please consider supporting the NSCA Foundation COVID-19 Relief Grant.
New Tax Incentives for Donations
For those considering a donation, there are important new tax incentives as a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of which you should be aware:
Taxpayers who don’t itemize may now deduct up to $300 per year in charitable contributions. Since this is a universal “above-the-line” deduction, a Schedule A (itemization) is not required to claim it. Instead, the donation is listed as an adjustment to income on Schedule 1 of Form 1040. Then, taxpayers deduct it from their gross income (along with all other adjustments to income) on the first page of their Form 1040. Such deductions must be:
- in cash (no property like old clothing)
- given to a 501(c)(3) public charity
(Exclusions: Contributions to non-operating private foundations, support organizations, and donor-advised funds.)
Limitations are lifted on charitable contributions by individuals who itemize from 60% of adjusted gross income to 100% of taxable income. They may also choose to carry forward any unused deductions for up to five years. Donations to donor-advised funds do not qualify.
If you are over age 70 1/2 you may still benefit greatly from tax-free Qualified Charitable Distributions from your IRA (up to a maximum of $100,000).
All questions can be directed to foundation@nsca.com.
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