Widows’ and Children’s Fund

Summary of Charitable Purpose and Significant Accounting Policies

The PBA Widows’ and Children’s Fund, Inc. (the “Fund”) provides aid and assistance to widows, widowers and eligible dependents of police officers who have lost their lives in the line of duty. Eligibility is defined as all widows, widowers and children of active police officers who lose their lives in the line of duty as the Directors may deem either worthy of or otherwise in need of relief or assistance. Benefits are determined on a yearly basis, by a majority vote of the committee established to oversee procedures. Benefits provided to eligible beneficiaries vary on a yearly basis, depending on, among other things, the availability of funds.