Benevolent Fund

A Benevolent Fund is a financial resource set aside by an organization to assist employees or members in times of need due to unforeseen difficulties, such as illness, accidents, or emergencies. It functions as a welfare benefit, providing short-term financial support or aid without formal loan procedures. The fund is typically contributed to regularly by the organization or its members and is used to promote well-being and solidarity within the community. Its primary goal is to offer compassionate help during challenging circumstances, fostering a supportive environment and ensuring members feel cared for beyond their regular responsibilities.