The History of the Fund
The RCNBF was created to provide financial assistance to members of the navy family to relieve distress and promote their well-being.
It became evident that some form of assistance needed to be available in time of emergency and distress when serving personnel and their families experience unexpected illness and accidents.
On November 23rd 1942, an Order In Council was passed which brought into being the “Royal Canadian Naval Benevolent Fund”. Prominent Naval Officers and Officials serving in Naval Service Headquarters were named Trustees and charged with the administration of funds made available through contributions from Canteens and Officers’ Messes. The original capital of the Fund was made up of an undistributed balance of Prize Money from the war of 1914-18, plus gifts from friends of the Naval Services.
Towards the end of the Second World-War the Trustees became aware that a reorganization of the Fund would be necessary to carry on after general demobilization had been effected. Application was made to the Secretary of State and on the 4th of July, 1945, a Charter under Part II of the Companies Act 1934, was granted to the “Canadian Naval Service Benevolent Trust Fund”, which included the following terms:
“.. to relieve the distress and promote the well-being of members or ex members of the Naval Forces of Canada or their dependants and for the cost of administration of the affairs of the Corporation”