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Direct Payments

All articles tagged with #direct payments

philanthropy2 years ago•1 min saved

Celebrities Unite to Aid Hawaii Wildfire Victims with Direct Payments

Oprah Winfrey and Dwayne "The Rock" Johnson have established The People's Fund of Maui to provide direct payments of $1,200 per month to victims of the recent wildfires in Hawaii. The celebrities donated $10 million to kick off the fundraiser and are seeking additional public donations. The fund aims to assist adults whose homes were destroyed by the fires, offering them the agency to decide how best to use the funds. The Federal Emergency Management Agency (FEMA) has provided an initial payment of $700, but many have expressed that it falls short in addressing long-term recovery needs.

via BBC|

#direct-payments #fundraising #hawaii-wildfires

renewable-energy2 years ago•1 min saved

"US Treasury and IRS provide guidance to boost renewable energy investment and tax credits"

The US Treasury Department has issued new guidance that will enable the development of a range of renewable energy projects that previously had been too onerous from a tax perspective to tackle. The changes could pave the way for hundreds of billions of dollars worth of investment in the coming decade. The guidance around direct payments would allow tax-exempt organizations to put rooftop solar panels on schools, churches and temples. The bigger news is the guidance around transferability of tax credits, which could eliminate the need for complex and expensive tax equity deals.

via TechCrunch|

#direct-payments #investment #renewable-energy