In 2005 by resolution of the membership, the MRFA created an emergency support fund to support members facing an extraordinary financial crisis. The fund shall not normally apply to cases where the regular remuneration or benefits are adequate for a member’s emergency expenses. Rather, the fund is to be used when there is an unexpected change in remuneration or when an extraordinary financial crisis arises. Without limiting the discretion to determine individual cases, applications to the fund may be based on bereavement; sudden or serious injury or illness of a member or immediate family member leading to extraordinary costs or a disruption in income; a sudden or unanticipated change of residence; sudden or unanticipated change in employment status.
Normally, expenditures are permitted up to $2000.00 per member per fiscal year, to a total maximum expenditure from the fund of $10,000 per year. Expenditures from the fund beyond these maximums in a given year must be approved by the MRFA membership. Expenditures beyond $2000.00 per member per fiscal year must be supported by evidence. Expenditures from this fund are not considered loans. However, should a recipient wish to make a future donation to this fund, this will be accepted.
In 2014 by resolution of the membership, the Compassionate Fund was extended to provide 60 day interest free loans to members to allow them to accept a spot in a Child Care Centre.