Gulf Coast residents haven’t forgotten about their losses from the 2010 BP oil spill.
The disaster tragically took eleven lives, ravaged the environment, and damaged the livelihood of seafood and tourism workers—among a host of other harms.
What many people don’t realize is that nonprofit organizations were some of the hardest hit after the oil spill.
The Deepwater Horizon Economic and Property Damages Settlement, which a federal court granted final approval in late 2012, recognizes that countless nonprofits lost income in 2010.
Because funding from grants, corporate donors, and individual tithes are responsible for the budgets of many nonprofits, these organizations suffered from a “domino effect.” When the funding sources experienced losses following the spill, many nonprofits did, too.
The Settlement Agreement seeks to remedy these harms. It helps not only businesses but also nonprofits—recognizing them as members of the class entitled to compensation for their losses.
You might be surprised to learn that nonprofits such as local churches, private schools, Boys and Girls Clubs, local Red Cross chapters, and other relief groups and civic organizations, may have claims. Any nonprofit in Alabama, Louisiana, Mississippi, or the west coast of Florida may be eligible for compensation for financial losses under the terms of the Settlement Agreement. This is true even if the nonprofit doesn’t know if the oil spill caused its losses.
If you are a member of a church, serve on a board of directors of a nonprofit organization, or are even a CPA who assists with a nonprofit’s accounting and bookkeeping, and you know the organization experienced a revenue dip after the oil spill, consider encouraging the organization to file a claim.
Now is the time. The claims period ends next year.
To receive a free BP claim evaluation, call 877-675-7987. We will handle all the costs to determine if you have a claim. You pay nothing unless you recover.