Family fund
WHAT ARE FAMILY FUNDS
Family funds are basically those funds that are provided to the families facing hardships like having disabled children or any other such factor. The family funds are also provided for the uplifting women that have been hit hard by various reasons and finding it very difficult to carry along with their families. Family funds are found in almost all the countries across the world and the financial assistance is provided mostly in the form of grants. These grants are accessed on the basis of needs of family and their views. In United Kingdom, there are many family funds that aim at providing assistance to families that have disabled children, so that they can also enjoy their lives and avail themselves of different types of opportunities that exist.
RULES AND REGULATIONS
All the family funds are required to be registered as per the rules and regulations of government. It can be registered as a charitable institution.Before applying for fund registration, family funds are required to provide complete information about the mission and objective of family fund in written form and apply it to the concerned government department . Upon receiving the registration, the family fund can easily apply to various sources for the accumulation of funds that have to be granted. Most of these sources are the government sources. For getting assistance out of family fund, there are some requirements that have to be completed by the family .
REQUIREMENTS
Requirements that have to be completed vary from one country to another and even from one fund to another. Generally, for getting assistance, the family must be resident of the nation where it has applied. For example, if any family has applied for the assistance out of family fund in United Kingdom, it must be resident in United Kingdom . The eligibility criteria of family fund also vary from one family fund to another . Normally, if any family has disabled children or young person below the age of 15 years, it can apply for the family fund . The level of disability has to be severe. Thus, families having children with minor disabilities are not eligible to receive the assistance under the family fund. Most of the family funds provide assistance only to those families that are getting their full income by way of benefits . Thus, if any family has any income sources, it might not be able to get the financial assistance .However, there are certain family funds that provide assistance to families that have income, provided it is less than the prescribed income . For qualifying under the income criteria, the bonuses and overtime earned by family are generally not included in the overall gross income. There are also some family funds that have put a cap on the financial assistance regarding savings. If any family has savings more than the prescribed limit, it is not eligible to apply for financial assistance under family fund. It is very important to note here that family funds provided assistance to those children and young people that are not living with their relatives or caretakers etc or under the care of local authorities. This is done to ensure that only those families that are severely distressed receive the payment.
OTHER ASPECTS
There are some aspects regarding family funds that have to be understood. First, the eligibility criteria, minimum and maximum amount of assistance provided etc are decided generally by the Board of Trustees. This is the reason why these criteria and eligibility conditions differ greatly from one fund to another. It is advised here that if any family, that is facing too many hardships, is not able to receive financial assistance from any fund, it should contact some other family fund, as there are many family funds that are found in each city. Other important aspect that should be understood is that while making application for the assistance to any family fund, care must be taken that the help has been sought for the eligible reasons. For example, if any family fund provides assistance for women, the reasons must be regarding hardships faced by women. Same is the case with disabled children. Since all the family funds have an annual budget of providing assistance in the form of grants, it is the sole discretion of family fund whether it can provide assistance to any family or not. The assistance assured is also subjected to availability of funds .
It has been seen that family funds mostly operate at local levels. Local here include neighboring cities also . For example, there are many family funds in Los Angeles that provide support to disabled children and youth that are residing in Los Angeles as well as other counties like San Bernardino, Riverside, Orange, Ventura etc. For raising funds, apart from getting government support, family funds also arrange for fundraising campaigns. These campaigns are mostly in the form of holiday enjoyment campaigns . In summers, many family funds organize campaigns for fund raising. All the foundations, corporations, employees of federal and state government departments and individuals living in the area are welcomed to make contributions. Sometimes family funds also extend financial support to families by means of not-for-profit organizations, which arrange for providing food, shelter etc to the disabled.
Governmental support to family funds is provided with an objective of helping all those families that are living below the poverty line and facing hardships. The donations made by people, corporations etc are used for developing confidence in the children and youth that are in the age group of 7-17. This help them to lead their lives with respect. It is certain that if any person make contributions by means of summer camps or holiday camps etc, he would take home with him some memories that he would remember and cherish for long. It is really very noble cause if any person extends help to a family fund. If you wish to be a part of any noble cause, make donations to family funds freely.Remember, it is the right of all the disabled to get their basic needs fulfilled, which are food, shelter, and clothing .art of any noble cause, make donations to family funds freely . Remember, it is the right of all the disabled to get their basic needs fulfilled, which are food, shelter, and clothing .
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