St. George’s Episcopal Church Trustees
as of June 17, 2019 Recorded in the City of Fredericksburg Courthouse
The Trustees of St. George’s Episcopal Church hold the property of St. George’s in trust for the Diocese of Virginia. Trustees are appointed by the Vestry for life but may be replaced by the Vestry at any time.
Mary Jane O’Neill
Russell H. Roberts
Douglas G. Stewart
Dr. Marion H. Rambo
Memorial Trust Fund of St. George’s Episcopal Church of Fredericksburg, Va.
On June 20, 1951 the Memorial Trust Fund was created with a contract from the Vestry to Trustees under the name of “Memorial Trust Fund of St. George’s Episcopal Church of Fredericksburg, Va.” The Trust Fund is the repository of past gifts, donations, and Bequests to the Church for both specified and unspecified use where only the income is available for distribution. The Trust Fund is administered by trustees elected by the Vestry of the Church. The general purposes is “For assisting or founding; charitable or educational institutions; for the care of the sick, aged or helpless; for the care, health and recreation of children; for recreation, educational, charitable or benevolent purposes, and for the general repairs, maintenance, operation: and upkeep of any real estate owned by St. Georges.”
“From the time the donor or testator provides that income should be available for the use of such trust, the net income shall be annually devoted perpetually for the use and benefit of St. George’s Episcopal Church, Fredericksburg, Va. Such income shall be available for the following purposes and expended under the direct supervision of the Vestry of St. George’s.”
Dr. John Coker
Robert B.P. Thompson
Chester (Rusty) Dodd
St. George’s Episcopal Church General Endowment Fund
The General Endowment Fund of St. George’s Episcopal Church was established in memory of those who labored so diligently to establish, erect, maintain and operate St. George’s Episcopal Church; in gratitude for those who unselfishly gave and for those who continue to give of their time, talent, and treasure; with the hope that those who follow will continue the works of St. George’s Episcopal Church; and to provide funds for this ongoing community of faith.
The overall purpose of the Fund is to provide a general endowment fund that will ensure a firm financial foundation for the Church and provide additional funds for Church programs, outreach, and capital additions. It is not intended that the Fund supplement the annual operating budget of the Church for current expenses that are strictly administrative or operational in nature. Specifically, the funds in the Fund shall not be co-mingled with any other Church funds.
In October, 2002 the members of the Vestry voted to abolish the Rectory Fund and transfer the assets to the St. George’s General Endowment Fund to be used for Parish capital needs related to current and future physical plant. It was first funded in October, 2004 when the Church transferred the $236,201 “Rectory Fund” into it. The “Rectory Fund” originated with the sale of the Church’s rectory on Cornell Street in Fredericksburg.
The Fund will supply 5% of the three year average balance in the fourth quarter each year to be used for outreach ministries, programs of the Church, and capital additions / improvements. A greater amount may be distributed upon affirmative vote by three-fourths of the Vestry, three or more of the Trustees, AND a majority of the congregation.
The Trustees recommend projects for Vestry approval, usually for the December Vestry meeting. Funds are disbursed in December. Organizations may request funds for a project by submitting the GEF_Request for Funding_112019_FINAL.
Mary Jane O’Neill
Ralph W. Powell, Sr.
Jane Jackson Hunsucker
The Rev. Joseph H. Hensley Jr. (Rector) (Non-Voting Ex-Officio Member)
Herndon Memorial Trust Funds
The Herndon Memorial Trust Fund was established under the Will of John Herndon dated October 28, 1950 and probated on September 24, 1952.
Trust Purpose: The interest on invested funds was directed “for the support of an elderly man or men belonging preferably, to said St. George’s Church in Fredericksburg, and/or some elderly men or men belonging, preferably, to said St. George’s Church in Fredericksburg who may need medical attention and has not the means to pay for hospitalization or for such medical attention, and for such other charitable purposes as the Trustees deem necessary and advisable for such elderly men.”
Trustees’ Powers: The Trustees were authorized and empowered to receive and administer the funds paid over to them by Mr. Herndon and any other funds which he may devise or bequeath for the Herndon Memorial Trust Fund. The Trustees have the right to make proper legal investment(s) of the trust fund and to pay the interest and dividends for the purpose above.
A needs application, available from the church office, must be completed and sent to the Trustees, Herndon Memorial Trust c/o St. George’s Episcopal Church, 905 Princess Anne Street, Fredericksburg, Virginia 22401, for consideration.
A. W. Wallace Trust Fund, St. George’s Benevolent Society of Fredericksburg, and the Matthew 25 Fund of St. George’s Episcopal Church
- The A. W. Wallace Trust Fund was established with five thousand dollars of United States Bonds, to be held for the benefit of needy, poor widows over fifty years of age, with no right to dispose of its principle except to collect the principle when due and reinvest it; the interest to be used among the said poor widows in the months of December, January, February and March, for their imminent need in each year; said widows to be residents of Fredericksburg, Virginia.
- St. George’s Benevolent Society of Fredericksburg was established in 1874 to promote true religion to all the poor of the Town of Fredericksburg. The fund secures and holds all donations and bequests made for that purpose, and as it may appear convenient and proper to more effectively carry out its objective out of contributions by its members and donations and bequests made from time to time to establish asylums for poor, aged persons, widows or orphans, reformatories or schools and support and maintain the same.
- The Matthew 25 Fund of St. George’s Episcopal Church is established in memory of Mary Faulkner. In keeping with its name, the Fund is dedicated to those members of St. George’s who seek to see Christ in the face of strangers, as had those seated on the right hand of the Son of Man when He praised and thanked them and they asked “Lord, when was it that we saw you hungry and gave you food, or thirsty and gave you something to drink? And when was it that we saw you a stranger and welcomed you, or naked and gave you clothing? And when was it that we saw you sick or in prison and visited you?” And the king will answer them, “Truly I tell you, just as you did it to one of the least of these who are members of my family, you did it to me.” Matthew 25, verses 37-40.
Brian J. Davis