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Financial Toolbox Women at Risk Trust

The Financial Toolbox Women at Risk Trust (“the Trust”) was established in August 2019 by Financial Toolbox Inc for the purpose of providing support to women and their children facing, or having faced, domestic violence and/or financial abuse.  The Trust is registered as a charity by The Australian Charities and Not-for-profits Commission and is a Public Benevolent Institution endorsed with Deductible Gift Recipient status for tax purposes.

Financial abuse is experienced by an estimated 80-90% of women who seek support for domestic and family violence [1], and lack of economic security and financial resources are the primary reason women return to abusive relationships [2].  Financial abuse is particularly malicious as it is deliberately intended to strip women of their independence, confidence and ability to manage their personal financial situation. Because of this, traditional financial literacy education is not appropriate for women facing domestic violence and economic abuse. As such, traditional financial education is not the best way to help women who find themselves in this situation.

The Financial Toolbox Women at Risk Trust team have spent two years researching the need for, and availability of, financial education material catering specifically to women facing domestic and family violence and/or financial abuse. Our team has interviewed domestic violence survivors, support workers, women’s refuge staff, industry bodies including the Women’s Council for Domestic and Family Violence, 1800 Respect, staff from Legal Aid Domestic Violence Unit, social workers and others.  Your Toolkit has been developed specifically based on the findings of this research.

The Trust works in partnership with Chartered Accountants Australia and New Zealand, ensuring our financial education is backed by Chartered Accountants’ expertise.

References

 

  1. Responding to economic abuse, Social Policy Research Centre document, UNSW (that references Evans, 2007; Macdonald, 2012).
  2. Kim & Grey, 2008; Meyer, 2012; Cameron, 2014.
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