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Financial Assistance Policy |
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The priority of financial assistance grants will always
go to the individual (s) with the most limited resources and/or severe
set of circumstances. As long as funds are available, assistance
can be made to individuals:
- who do not have adequate financial support to meet basic needs;
- who have dangerously low, or non-existent financial reserves;
- who require financial help because of the severity of circumstances;
and/or, who can not obtain public, or private support from other
organizations because they do not address, or fully fund, the requirement
at hand.
Examples might include:
- A widow without SBP and living on social security
who suddenly has extraordinary expenses;
- A dependent child of a junior officer requiring sustained medical
treatment at another installation and funds are not adequate to
maintain two households;
- Medical costs which have destroyed the financial asset base of an
individual and the monthly income can not meet needs.
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The corporation's by-laws specify that
one-time grants or monthly payments, may be made to qualifying
individuals from the funds budgeted each year for this program.
Examples of grants provided since 1992 include
the following:
- A self-supporting college student whose funds had
been diminished to the point that a grant was needed to help her
complete her senior year at Georgia Tech.
- An army widow needing a one-time grant to repair
her automobile because of an accident and her inability to work
due to her medical situation at the time.
- The widow of a federal employee, GS-13, whose situation
immediately following her husband's death required $200 per month
for 22 months in order to avoid extensive debt, and permit time
to make the necessary financial adjustments for the future.
- A single parent with minimum income who needed
funds for her daughter's college education.
- The widow of a navy E-7 who passed away suddenly as a result of a
brain aneurysm leaving the family with $20,000 in debt. The
corporation was able to provide $2,000 immediate assistance.
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The information needed by the MFST in conjunction
with your application request is designed to eliminate unqualified
individuals, and unnecessary time consuming efforts for all concerned.
click here
to review the general program eligibility criteria discussed previously.
Click here to fill out a request form.
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