Big Spring, Texas (June 12, 2020) – For the last three months, the COVID-19 pandemic has been putting major financial strains on local businesses and families. Both have lost income from restrictions placed on them as non-essential businesses and workers. Businesses are suffering from temporary closures, limited business hours and shopping procedures. Families are facing financial obstacles in paying utility bills due to lost income from job loss or a reduction in working hours.
The Big Spring Area Community Foundation is supporting local businesses and individuals hit hard economically by the pandemic by awarding COVID-19 relief grants to 66 qualifying businesses along with a grant to the City of Big Spring to assistance 161 individuals by paying their residential utility water bills that were past due on June 1, 2020.
“As a business owner, you never ever want to experience anything like this and never during your first year in operation. We saw a 60% drop in revenue overnight,” said Kelly Owens, owner of Locals 79720. “It means the world to us to have the support of the Community Foundation with this grant. It gives us a kick start and we're keeping our lights on and staff employed.”
The BSACF annually awards grants in compliance with Internal Revenue Service (“IRS”) rules to local nonprofits who address community causes and needs. The Foundation was only able to award relief grants this year to assist small businesses and individuals impacted by COVID-19 due to the pandemic being declared a national emergency by the Federal Government. During nationally declared emergencies or disasters, IRS regulations allow public charities to provide assistance for individuals and businesses impacted by the crisis.
The Big Spring Area Community Foundation awarded over $474,000 in grants, scholarships and agency funds. For 2020, there were for 22 scholarships, 66 COVID-19 relief grants, one grant to the City of Big Spring to assist 161 individuals with past due utility bills and four agency funds provided throughout Big Spring and the surrounding counties.
For more information about the Big Spring Area Community Foundation, please contact the Foundation offices at 432-714-4316 or email Greg Henry at firstname.lastname@example.org.
About the Big Spring Area Community Foundation
The Big Spring Area Community Foundation was established in 2001 to help individuals and families create personal, permanent and powerful legacies with charitable funds customized to meet their philanthropic goals.