The Professionals Aid Council (PAC) and its associated charity, The Guild of Aid (the Guild), were two separate charities for over a century. They had many of the same eligibility criteria and broadly similar objectives. Most of the beneficiaries received grants and gifts from both charities. The two charities shared the same staff, office accommodation and expenses, including staff costs.
During 2015, the boards of the two charities began to consider merging the two funds for the practical advantages that would accrue to the administration and for the benefit of applicants.
The process was completed in the Autumn of 2016, when the Deed of Transfer of Charitable Undertaking between the Professionals Aid Council and The Guild of Aid was signed by the chairmen of both charities. The Guild transferred the major part of its assets to PAC. A small balance was left in the Guild to ensure its continued existence as a legal entity.
The boards agreed to change the name of the charity to the Professionals Aid Guild (PAG). The Professionals Aid Council retains its original company name on the register at Companies House. This means the Annual Reports and Financial Statements continue to use the name PAC whilst The Guild retains its Friendly Society status.
The Professionals Aid Guild and its specialist committees consider each case in detail. Grants and gifts are tailored to individual needs. PAG is able to help in a number of ways, for example by giving:
Whilst grants are often quite small, they frequently make a substantial difference to the person involved. PAG collaborates with a number of organisations and professional bodies to achieve a more satisfactory result. On occasions, applicants may be referred to other agencies for more specialist advice.
Professionals Aid Council
At its founding in 1914, the aim of the Professionals Aid Council was to help members of various professions and their dependents, for whom such help was not otherwise available. Then, as now, there were many occupational funds offering advice and financial aid to their members. PAC differed in that it has a more “open” policy and is able to assist individuals and families from any professional background who hold a degree or equivalent qualification, rather than being restricted to a particular profession.
PAC continues to help professionals and graduates throughout the UK. The charity can make a real difference to those affected by redundancy, illness, disability, family breakdown or poverty in retirement. Where appropriate, PAC advises applicants to contact their own professional body. However, there are still many applicants who are regarded as professionals, but who do not qualify for help from a specific professional fund. For these individuals, PAC can frequently offer advice and support – and may be the only organisation which can help at a time of financial hardship.
The Guild of Aid