Financial Hardship Grants
Supporting our former employees through Financial Hardship Grants
Back in 1879, Thomas Buckland, then President of the Bank of New South Wales, later to become Westpac, donated his £1,000 bonus to establish the Buckland Fund. The Fund was created to help struggling families of bank employees who had passed away and found themselves in ‘necessitous circumstances’.
The legacy of helping long-serving former employees continues today with Westpac Foundation’s Financial Hardship Grants which provide financial assistance to those formeremployees and their spouses who are in need.
To be eligible for financial assistance, applicants must be:
- Retired, retrenched or resigned from employment after completing 10 or more years of continuous service with Westpac Group or a spouse or dependant of same in the event of death of a retired employee;
- Aged 50+ years at the time employment ceased with Westpac Group; and
- Experiencing significant financial hardship involving an inability to meet basic needs, and able to provide documentation to confirm financial position.
Financial assistance is available for specific purposes. Grants are primarily provided for the following categories:
- Assistance with medical expenses including equipment
- Nursing support
- Essential home maintenance
- Home care assistance
- Dental expenses
- Funeral expenses.
Please note that Westpac Foundation does not provide grants to supplement income or repay debts.
Former Westpac Group employees seeking support should email email@example.com or mail Westpac Foundation, Level 19, 275 Kent Street Sydney NSW 2000 to request an application form.