Relief Fund Guideline

The Hurricane Ian Relief Fund is available to provide financial assistance to those impacted in Florida and South Carolina by the Hurricane Ian disaster of September of 2022.

The Hurricane Ian Relief Fund was established by PEAK6 InsurTech in partnership with the PEAK6 Foundation to provide critical relief to individuals experiencing loss, economic disruption, or financial distress as a result of a natural disaster, as determined by PEAK6 InsurTech, in its sole discretion, to qualify for distributions of the Fund. The PEAK6 Foundation is a 501(c)(3) entity. Contributions are tax-deductible to the extent permitted by law, and no fees are deducted from contributions to the Fund for the time of Foundation officers to manage it, but expenses incurred for third parties or staff, if applicable, to administer the distributions from the Fund may be paid for from the Fund.

The Fund was created to provide a vehicle to make financial contributions to aid individuals and communities with immediate or ongoing financial needs when other funding sources (such as insurance, grants, or federal or state loan programs) are not available, and to support other recognized tax-exempt organizations providing such relief and assistance to fill the gap until other funding sources can be accessed. The types of expenses the Fund will cover are listed under the Use of Funds section of these Guidelines.

POLICY STATEMENT

The purpose of the Fund is intended to provide critical relief to individuals and communities experiencing loss, economic disruption, or financial distress as a result of Hurricane Ian. The Foundation has complete discretion regarding how the grants will be distributed. The Foundation reserves the right, in its sole discretion, to reject any grant applications received, to select the grant recipients, and to determine the amounts of any grants made. The Foundation reserves the right, in its sole discretion, to revise these Guidelines at any time.

CRITERIA

Grants can be made only to those covered in the Eligibility section of these Guidelines and for the purposes enumerated in the Use of Funds section of these Guidelines.

ELIGIBILITY

Individuals, communities and associations who are eligible for a grant from the Fund are defined as:

Trade associations or non-profit organizations assisting in the relief efforts of the uninsured or underinsured impacted by Hurricane Ian.

Individuals with immediate or ongoing financial needs when other funding sources (such as insurance, grants, or federal or state loan programs) are not available.

In all cases involving individual grants, grant applicants must complete the Fund application form and submit all requested documents in support of the application in order to be considered for a grant from the Fund. The Fund reserves the right to make grants to recognized tax-exempt organizations dedicating funds to assisting individuals impacted by Hurricane Ian without completing a grant application.

USE OF FUNDS

The Fund expects to make grants to provide critical relief to individuals and communities experiencing loss, economic disruption, or financial distress as a result of Hurricane Ian. Grants may be used to cover expenses not covered by insurance, grants, or federal or state loan programs for things such as, but not limited to:

  • Humanitarian aid of critical needs after immediate impact, including but not limited to, preparation and distribution of water, food, generators, gas, propane, and first aid supplies.

  • Clothing.

  • Toiletries and household amenities.

  • Temporary housing.

  • Permanent housing.

  • Risk mitigation services including but not limited to tarps, plywood, rope, temporary roofing, etc.

  • Construction Services.

  • Restoration Services.

  • Transportation expenses.

Grants also may be used as otherwise provided for pursuant to the Policy Statement in these Guidelines. A recipient of a grant may be required to provide verification to the Foundation that the grant was used for the purpose(s) in the application.

INELIGIBLE EXPENSES

  • To cover the effect of lost business opportunities or a reduction in business due to the aftermath of Hurricane Ian.

  • To reimburse agency or brokerage clients who sustained an economic loss.

  • To cover the value of cash, art, jewelry or other non-essential items lost in a disaster.

  • To applicants who do not meet the criteria described in the Eligibility section in these Guidelines.

PAYMENTS TO ELIGIBLE AGENCIES, BROKERAGES, OWNERS AND EMPLOYEES

As soon as practical after the date on which a determination is made by the Fund to make a grant to an eligible recipient, the Foundation will authorize payment.

SUBMISSION OF GRANT APPLICATIONS

The Fund prepared these Guidelines to assist potential recipients with completing grant applications. If you have any additional questions, please contact the The Hurricane Ian Relief Fund at hurricaneianrelief@peak6insurtech.com.

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