The COCO Fund was created out of love for the people of the restaurant and hospitality industry. This fund was built as a partnership between independent restaurant owners and grassroots advocates. Many communities are suffering from the effects of COVID-19; those who work in the service industry, who help to keep our economy thriving, are some of the hardest hit. In order to serve this community that so often serves us, we established the COCO Fund to provide rapid relief to hospitality workers that have lost wages or even their jobs as a result of the pandemic. Specifically, we provide urgent funds to individuals through an application and review process.
The effects of COVID-19 will reverberate in the industry for years to come - experts say that six years of development in the restaurant industry was lost in 2020. Therefore, the COCO Fund will continue to be here to support workers in need with essential $500 microgrants.
Workers in the restaurant and hospitality industry who have lost wages due to the COVID-19 pandemic. This includes, but is not limited to: servers, hosts, chefs, housekeepers, caterers, event staff, bartenders, bussers, kitchen staff, and baristas.
All applications are reviewed and evaluated based on need by a committee of experienced volunteers from the industry. Applicants that demonstrate an urgent need for support in the areas of food, shelter, and healthcare will be served first.
We have a diverse board of directors who ensures that 95% of all donations go directly to the people that we strive to serve. Additionally, as a 501(c)(3) nonprofit organization, our financial statements are available to the public.
While we would love to help everyone, our ability to distribute grants relies entirely on the hard work of our team and generous donations from our supporters. When we say “immediate”, we mean that the money donated never stays with us for long. As soon as the funding is available, we distribute it in $500 microgrants to applicants in need.
All applicants selected to receive a grant are given a form to complete indicating the best payment method. The two payment delivery methods are PayPal and ACH transfer.