Hmshost Foundation

Fund local charities that fight poverty through grants.

Hmshost Foundation, Inc. (the "Foundation") established the Hmshost cares fund (the "fund") in 2017 to help employees of Hmshost corporation, Inc. (the "corporation") and its affiliates and the families of such employees. Hmshost cares is an employee assistance fund designed to provide financial relief for qualified incidents. Hmshost cares receives contributions and is primarily funded by Hmshost associates in order to help fellow associates in crisis. The company created the program and contributed initial funding. Payments to employees are not taxable to the employee; however, employee contributions to the fund are eligible for a charitable deduction.the Foundation requires that each employee applying for assistance from the fund demonstrate an immediate need before a grant is made to such employee. Thus, employees must provide a personal financial statement detailing the monthly finances of the employee and his/her family. In addition, the employee must describe the incident and how it is causing financial hardship for the employee and his/her family and attach appropriate documentation to show proof of the financial hardship. If the employee requests that the Foundation pay bills on behalf of the employee, the Foundation requires a copy of the bill. Applications for assistance from the fund are reviewed by an independent selection committee which consists of employees of the corporation, a majority of which are not in a position to exercise substantial influence over the corporation's affairs. Currently, eligible participants include any employee of Hmshost who has incurred an eligible financial hardship and who is actively working or on an approved leave of absence of no more than one year. Applications to the fund are treated in a confidential manner. Grants from the fund are made on an objective, nondiscriminatory basis and as such no employee is entitled to receive assistance from the fund by reason of the employee's length or type of service with the corporation, or the employee's history of contributions to the fund. 39 employees were assisted in 2023 through this program.