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In the Georgetown study, the Stauffer trust was No. 3 in individual trustee fees among the 62 smaller foundations whose tax returns were reviewed.
Choosing to become an individual trustee should be a business decision, not a personal one.
Since even a capable individual trustee can make a mistake, it is important that they give serious consideration to carrying appropriate insurance, commonly called errors and omissions insurance, covering his or her work as an individual trustee.
However, an individual trustee needs to be prepared for previously unknown surprises in family dynamics and be able to interpret any ambiguity in the trust documents.
The individual trustee must set aside the personal agenda, and often the agenda of particular groups or individuals who have the trustee's ear, maturely discuss/debate issues, take a vote and then respect the majority decision.
Mr. Farrell, the first California elected official to act as an individual Trustee, highlighted the City's partnership with Kiva Zip as the "opportunity to empower our communities in a new way," adding that "when small businesses do well, we all do well".
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Boards and individual trustees should be bold and brave when they make decisions.
Over the years, curators with long tenures there had built strong relationships with individual trustees, and central authority was weak.
Letter 4: November 16 1948 I propose that you should set out your views of the situation in a letter to the individual trustees of the Emergency Committee of Atomic Scientists.
valued at a hundred dollars each". Neither Murrin or Looney have any reason to believe that the College itself owned slaves, though individual trustees did.
No official explanation of why she was leaving was given, but individual trustees described irresolvable tensions and differences between Dr. Reynolds and her boss, Thomas C. Meredith, the chancellor of the three-campus University of Alabama system.
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