Fonds 87-004 - Neathern Trust fonds.

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Neathern Trust fonds.

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  • Textual record

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Fonds

Reference code

87-004

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Issuing jurisdiction and denomination (philatelic)

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Date(s)

  • 1960-1986 (Creation)
    Creator
    Neathern Trust

Physical description area

Physical description

99 cm of textual records.

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Administrative history

The Neathern Trust was established by Dr. Mary Louise Northway. In 1960 Mary Northway decided to give some thought and study the possibility of establishing a charitable trust and hence a draft trust was prepared. The reasoning behind the draft was for Mary to decide whether a Trust was wise idea, or not, to commit her capital. The Neathern Trust was established on an informal basis with J.R.M. Wilson, John Hodgson and Joan Hodgson as Trustees and Jean B. Quinn as the secretary-treasurer. The Trustees met with Mary to select charitable purposes that they thought were worthy of support. Mary then put sufficient funds into a bank account and arrangements for payment were made by Jean Quinn. In 1963 Mary Northway decided to go ahead with the Trust Proper and the Trust Instrument was revised. Howard Kelley of the National Trust was brought in as a Trustee with the intention to use the National Trust as an agent for the Trustees. The draft Trust Instrument was approved by the Department of National Revenue in June, 1964 and in July, 1964 the Trust Instrument was executed with the first funds being transferred to the Trust by Mary Northway. At this point the Trustees invited Joan W. Hodgson, Flora Morrison, Dr. W.E. Blatz, Dr. J.A. Ebbs and D. Oucherlony as the advisory committee. Jean Quinn remained as secretary. The decision to meet quarterly before the advisory committee met was made. The fund itself was to have $20 000.00 in Canada Bonds and $13 430.00 in cash from Mary Northway as a capital contribution and not as income of the Trust. Part of the monies which Mary Northway donated to the Neathern Trust were invested into securities. Some of the projects which the Neathern Trust undertook were: building two barbeques at the Mill of Kintail, counselling education, Cardiology Department of Sick Children's Hospital, Pre-School Parent Centre in Toronto, Harbour Island Nursery Supervisor's Salary, support of a Thailand student, Huntsville Nature Club Library and many, many more.

Custodial history

This fonds was in the custody of Dr. Mary L. Northway before it was donated to the Trent University Archives.

Scope and content

This fonds consists of correspondence files containing information on various projects which received funding from the Neathern Trust which was set up by Dr. Mary Northway.

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Immediate source of acquisition

This fonds was donated by Dr. Mary L. Northway.

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None.

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Associated materials

Associated materials located at the Library and Archives Canada.

For related records see: 90-016.

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