Catherine D Sharpe Charitable Trust

“The governing body of the organization (the trust) consists of the two trustees each receives and reviews form 990 before it is filed form 990 is prepared and separately reviewed by the trust's legal counsel.”

“The trustees' actions are governed by pennsylvania law, which prohibits any activity or transaction that would constitute a conflict of interest in violation of the mandated duties of the fiduciary consequently, pennsylvania law serves as the trust's written conflict of interest policy. Policy.”

“Trustee's commissions are dictated under terms of trust instrument.”

“The governing document is the trust under the will of catherine d sharpe. The said document has been provided to all the beneficiaries who are all charities. The trust is public record and available to anyone through the register of wills office of montgomery county, norristown, pa. The financial statements are sent to the beneficiaries. They are not specifically available to the public although the form 990 is, if requested the trustees' actions are governed by pennsylvania law, which prohibits any activity or transaction that would constitute a conflict of interest in violation of the mandated duties of the fiduciary consequently, pennsylvania law serves as the trust's written conflict of interest policy.”

“The academy of natural sciences - for the maintenance and expansion of its reference library and for the extension of its teaching program and research facilities. Expenses: $126,827. Including grants of: $126,827. Revnue: $0 the franklin institute with the suggestion that for use by museum education dept in furtherance of group visitations and instruction for school age children to encourage interest in engineering and science. Expenses: $126,827. Including grants of: $126,827. Revnue: $0 pennsylvania hospital for the department of mental and nervous diseases - the trust suggests that, to the extent the need exists from year to year to provide part or all of the cost of care for patients who otherwise would be unable to afford such care, the funds be used for such specialized care any income not so expended may be applied to the general needs of the department. Expenses: $126,827. Including grants of: $126,827. Revnue: $0 the salvation army for the pennsylvania division. Expenses: $63,416. Including grants of: $63,413. Revnue: $0 the seeing eye for general support. Expenses: $63,416. Including grants of: $63,413. Revnue: $0 bryn mawr hospital - with the suggestion that the income be expended, one-half for the purchase of x-ray and related equipment and onehalf for maintenance of the portion of the hospital buildings, housing the laboratory, x-ray and out-patient departments, and with the further suggestion that any portion of the grant which cannot be used profitably used for such purposes may be expended for the general operating expenses of the hospital. Expenses: $63,416. Including grants of: $63,413. Revnue: $0 diversified community services for the use of dixon house branch. Expenses: $63,416. Including grants of: $63,413. Revnue: $0”

“The two trustees carry out the terms of the trust by making distributions to designated beneficiaries or successors (pursuant to the exercise of limited discretion as set forth in the trust document), in the percentages specified in the trust, and by maintaining a record of trust distributions trustees are in frequent and continual contact with the grantees concerning the trust's investment results and investment policies with respect to certain grantees to whom grants are designated for specific purposes the trustees receive and review information concerning the grantees' use of the granted funds to verify that the uses are consistent with the purposes established in the governing instrument and in that regard from time to time have exercised their discretion to vary grantees and otherwise work with the grantees to ensure appropriate use of the funds.”

“There is no delegation to any separate committee to act on their behalf.”