ON CORPS FUNDS
The Corps' non public funds are administered by the Corps Secretariat
in Whale Island and have Charitable status. Corps Funds have three
main sources of income:
a. Corps subscriptions and investment dividends.
b. Bank interest.
c. Donations and Legacies.
AIMS OF CORPS FUNDS
The aims of the various Corps Funds are detailed below:
The Royal Marines Benevolent Fund
The principal purpose of the fund is to benefit persons who are
serving or who have served in the Royal Marines, or their dependants,
to relieve need, hardship or distress. The fund was formed in 1997
and subsumed the following funds and their purposes:
a. The Upton Kelly Memorial Fund. The aim of the fund is to relieve
distress or necessity amongst officers who have served in the Royal
Marines and their dependants.
b. Royal Marines Tercentenary Relief Fund. The purpose of this Fund
is to provide on the death from any causes either serving Royal
Marines or a Reservist on duty a sum of money for the widow or recorded
next of kin and thus relieve the initial financial problems. The
sum of money authorised may be altered from time to time by the
Trustees, the grant is currently £2,450.
c. Royal Marines Welfare Fund. The income to this fund may be used
to relieve distress among serving and retired Warrant Officers,
non commissioned officers and men of the Royal Marines, their widows
d. Royal Marines Band Benevolent Fund (RMBBF). The RMBBF is used
to relieve needy or distressed or retired RM Band Service ranks
or their dependants by making case grants. The income is derived
from donations, dividends and interest.
Daily Telegraph Fund
Its purpose is to relieve distress and purchase Welfare Amenities
for units serving in Northern Ireland.
The Royal Marines Consolidated Fund
Its purpose is to benefit Royal Marines of all ranks in any manner
which, in the opinion of the Trustees, will increase the efficiency
of the Royal Marines. This Fund has now been integrated into the
1939 War Fund (see para 4 below)
1939 War Fund
The Deed of Trust allows this fund to be used for:
a. Maintaining and increasing the efficiency and esprit-de-Corps
of the Royal Marines.
b. The relief of distress for past and present members of the Corps
and their relatives and dependants.
c. Making grants to other charities which may directly or indirectly
assist members of the Corps
Royal Marines Prizes and Awards Fund
The object of the charity is to further the promotion of military
efficiency in the Royal Marines by the award of prizes (or other
suitable rewards or marks of distinction). 'I'he Trustees may give
a prize the name of a former benefactor or any other name, for example
The Bruce Lumsden Prize (NCOs), Hudsons Prize (Offrs), Parkinson
Cumine Memorial Prize Fund (Expeditions), 3 Cdo Bde Fund, Maxwell
Craig Fund (DL courses)
Royal Marines Officers Trust Fund
Its purposes are to:
a. Support official entertainment.
b. Purchase and upkeep of Corps Property.
c. Promote the physical efficiency of officers in the Corps by encouraging
games and sports.
d. Assist in meeting the cost of publication of the Globe and Laurel
or any other official Corps Journal.
e. Making grants in support of Officers Messes
Royal Marines Central Officers Mess Fund (COMF)
Its purpose was to assist Officers Messes in the Corps. As their
assistance was duplicated by the RMOTF (above) the assistance is
now restricted to the provision of fine wines and vintage port.
The assets being entirely wine stock, held in the Corps Cellars
Royal Marines Central Sergeants Mess Fund (CSMF)
Its income is used for the benefit of Warrant Officers and SNCOs
of the Corps and pays their share of centrally funded items i.e.
Globe and Laurel, RMSA, RMRA, plus any other item placed before
Royal Marines Central Unit Institute Fund (CUIF)
Its income is used for the benefit of JNCOs and Marines of the Corps
and pays for their share centrally funded items and other items
placed before the Trustees
Roval Marines Central Band Fund (RMCBF)
The RMCBF was formed in 1951 from funds of Chatham Divisional Band.
Its income is derived from interest, dividends and donations, and
is used for providing instruments and other musical equipment not
avaiiable from Service sources for RM bands
Royal Marines Reserve 50th Anniversary
Relief Fund (RMRFRF)
The RMRFRF was formed in 1998 with an initial grant from the RM
Benevolent Fund. Its object is to relieve the need, distress or
hardship of serving or retired members of the RMR, or their widows,
dependants or immediate close family, as a result of death, disability
or other tragic circumstances; these circumstances will normally
be in part or wholly attributable to Crown Service.
For any further information or advice please do not hesitate to
RM Assistant Corps Secretary
Hampshire P02 8ER
Telephone (023) 9254 7201
e-mail: [email protected]