Do I have to pay taxes on this funding?

Yes, you will receive a 1099 form by mail in early 2021. This is based on current federal tax laws, which may be subject to change. In accordance with current laws, the Roundtable will be required to send a 1099 form to any grant recipient whose funds equal or exceed $600. Grantees are responsible for any and all tax liabilities incurred as a result of the grant award. For additional questions regarding tax liabilities, please consult with a tax professional.