The Crane Fund

The Crane Fund eligibility** requirements:

A potential recipient of The Crane Fund will qualify to apply for assistance if one of the following circumstances apply:

• Has a minimum of five (5) years of service with a Crane Company (or a subsidiary company) and is at least 57 years old or disabled while in service with Crane Company Verification is required. Contact The Crane Fund with any questions about potential eligibility

• Is the widowed spouse of a former employee

• Is a disabled/dependent adult child of a former employee

• Is a minor dependent child of a former employee

Reasons an applicant to The Crane Fund would NOT qualify:

• Has a surplus of income as based on a current income vs. expenses

• Does not have the appropriate years of service at Crane Company or a subsidiary company

• Does not meet the age requirement, unless disabled. (Disability must have occurred while in service with Crane Company)

• Is a widow of a former employee and has now remarried and severed ties to The Crane Fund. (Widows would presumptively be entitled to their new spouse’s pension/and or assets and therefore are ineligible for Crane Fund assistance.)

• Is in a permanent nursing home facility and is either in receipt of Medicaid funding or has been informed that they are above the asset limits for Medicaid. (Medicaid denial typically indicates a surplus of assets likely transferred to the children during a Medicaid lookback and disqualifies them from The Crane Fund.)

Required documentation to be considered for The Crane Fund:

• A copy of the most recently filed Federal/State Income tax return

• Copies of the last 6 months of banking statements with all pages intact and unaltered for ALL bank accounts: checking, savings, CD’s, retirement and investment accounts

• Most recent Social Security benefits statement

• Prescription medications, a print out from the pharmacy with co-pay medication expenses for the last twelve months

• The cash value of life insurance polies for the recipient and partner

• Mortgage Statement showing the maturity date of the mortgage or rental agreement

• Homeowner’s insurance policy, or renter’s insurance policy

• Car Insurance policy, listing the recipient’s car they personally drive

• Utility bills, such as water, sewer, trash, electricity, and/or gas

• A photo ID or passport

• Marriage License if currently married

• Death Certificate if spouse is deceased

• Power of Attorney if applicable

** The eligibility requirements may be changed by the Trustees at their discretion at any time