Almost three months after the Marshall Fire destroyed more than 1,000 homes and businesses, the Community Foundation has come up with a plan on how to allocate most of the remaining monetary donations people gave for fire victims.
For those who want to rebuild after losing their homes, $20 million from the donations, still in the fund, will be directed to help them. The foundation keeps 2% to administer the fund.
The money she says will go to fill the gap for those whose insurance will not cover the cost of rebuilding. That is due to increased labor costs and supply price increases. The problem at this point is how to get the money to them. Hernandez explained previously that IRS rules prohibit the foundation from giving the money directly to fire victims. She says they are trying to create a one stop agency to distribute the money.
Two weeks ago, Raina Pomeroy with the victims group Marshall Together told CBS4 filling the gap through the donations was a key issue.
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