FLOYD'S FAMILY CARE FUND

The Mission of the Floyd’s 99 Foundation is to contribute to and participate in national, regional and local communities and causes that promote research for cures to life-threatening diseases, to support and strengthen local communities, work with kids and adults alike who are in need of support and provide care and relief in catastrophic events and emergencies.

As Floyd’s 99 Barbershops approaches 20 years in business, it can be hard to count the times we’ve pulled together to help one of our employees in a time of need. The O'Briens believe that every Floyd's 99 Barbershop employee should have the opportunity to apply for a helping hand. Afterall, it is the employees that make Floyd's 99 a truly unique brand.

In 2019, Floyd's 99 Barbershop established the Floyd's 99 Foundation (“Foundation”), in part to help our growing family through life's obstacles. We are taking our first step to ensure every employee has a place where they can turn to for help (unfortunately employees of our franchise partners are not yet eligible). Because the only way to truly be Floyd's 99 family is to show up for each other inside and outside of work. 

One purpose of the Foundation is to provide assistance to Floyd's 99 Barbershops staff who have a sudden and/or unforeseen financial emergency due to a catastrophic event or emergency hardship. The event must be sudden, unusual, identifiable and must be damaging to property or have caused injury to an employee. Examples of qualified events include funeral expenses, urgent medical expenses, damage to housing or contents due to fire, flood or other catastrophic event that is not covered by insurance.  Please keep scrolling down the page for more info.

 

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FUNDING 

The Foundation is receiving $0.25 from each product sold in the corporate-owned shops and from online sales. Eventually, Floyd’s 99 employees will also be able to donate funds to the Foundation through authorized payroll deductions. Donations to the Foundation are tax deductible.

Applying for Funds 

Within 3 months of the event, requests for funds will be submitted on an application form to a committee.  Requests must be supported by documentation, such as a doctor’s bill, eviction notice or repair statement.  Because the Fund is closely regulated by the IRS, the Fund Committee may request additional information to support the event so as to avoid the Foundation risking loss of its tax exempt status. 

If you are approved for the funds, you will be provided with a check within 5 business days of the committee’s monthly meeting.  Employee must be employed by Floyd’s 99 at the time the funds are awarded.  All requests are kept confidential and will be evaluated by the Committee and funds awarded on a nondiscriminatory, unbiased basis.  All money awarded is non-taxable. 

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PERSONS AND EVENTS COVERED BY THE FUND

Eligible recipients of funds are Floyd’s 99 employees (except for franchise partner employees at this time). Events that are covered by the Fund include an emergency or catastrophic event creating an immediate financial hardship. The event must be sudden, unusual, identifiable and must be damaging to property or have caused injury to an employee. Examples of qualified events include funeral expenses, urgent medical expenses, damage to housing or contents due to fire, flood or other catastrophic event that is not covered by insurance.

LIMITATIONS

There must be funds available in the Foundation to fulfill the request. The maximum request per catastrophe is $2,500.

FUND COMMITTEE 

The committee will consist of three members, combination of which  are from the home office and from the shops. The committee will meet the third week of every month and can call a special meeting where circumstances require at the discretion of the committee. 

 
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