Engility Corp. Donates $25,000 As Most Recent Corporate Sponsor
As the Defense Department began furloughs this week that will eventually affect more than 700,000 civilian workers, the Federal Employee Education & Assistance Fund (FEEA) was working to help offset sequestration’s impact on the pay and livelihoods of federal employees and their families.
For more than 25 years, FEEA has helped alleviate the financial burdens on federal employees when they struggle to pay for basic living needs due to unexpected emergencies.
In addition to sponsoring an annual merit-based scholarship competition with year-long awards of up to $7,500 and administering a childcare subsidy program for lower income federal employees, FEEA extends no-interest loans of up to $1,000 to federal employees when those unforeseen emergencies occur.
An increasing amount of these Emergency Assistance Program loans are going to federal employees who have had their working days and pay reduced due to federal spending cuts brought on by the on-going sequester.
$49,000 of the $90,000 FEEA distributed in emergency assistance loans in June went to help offset sequestration-driven reductions in federal pay.
That $49,000 eclipsed the $42,000 FEEA made in total emergency loans the previous month as loans related to furloughs jumped to 82 in June from 4 in May.
FEEA extended around $10,000 more in furlough-related loans during the first week of July and as the Pentagon begins furloughing a large chunk of its civilian force, FEEA said it expects “an avalanche” of loan applications before the month is out.
Federal employee donations primarily fund the emergency program and FEEA was able to raise $103,000 in May across 600 individual donations and matching grants from the BlueCross/BlueShield Association, GEICO and Long Term Care Partners.
But, FEEA expects the federal government to furlough nearly half of its civilian federal workforce for more than one day over the next three months and all of the money raised in May has already been loaned.
Continued individual and organizational sponsorship will be critical to addressing the expected spike in loan applications as FEEA looks to prevent having to prioritize loans according to eviction, foreclosure, utility shut off dates if it can’t keep up with demand.
Some firms are hearing the call and stepping in with donations, including Chantilly, Va.-based Engility Corp., which according to FEEA, this week became the most recent corporate sponsor of the emergency program through a contribution of $25,000.
Tony Smeraglinolo, Engility president and CEO, said the pure play government services provider saw supporting FEEA as a natural extension of its core mission to work with government agencies and help them accomplish their missions in any environment.
“This contribution to FEEA’s Emergency Assistance Program is one way for us to live our corporate values of customer focus and servant leadership, and to further support our U.S. government customers in this challenging budget environment.”
Engility will mark one year of operating as an independent company on July 18 and a spokesman said its leadership team saw “making charitable donations on behalf of its employees to organizations whose mission and focus intersects closely with their business and the customers they work with every day” as the most fitting commemoration.
As a new company, Engility created a business model that through a cost-cutting initiative completed in 2012 and a realignment begun on the first of this year, has positioned the company as a “price disruptive” contractor. Earlier this spring Engility also unveiled a new branding campaign, “Built for Today. Designed for Tomorrow.”
In order to qualify for a loan, a federal employee must have received a “short” paycheck.
FEEA has provided more than $9 million in financial assistance and $11.5 million in scholarships to federal employees and their families since its founding in 1986.
To make a donation via credit card, visit FEEA’s website at www.feea.org/Give