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Trust News Land trust aims to create affordable housing Submitted Wednesday July 26, 2005 SARASOTA COUNTY -- An idea for creating and preserving affordable housing that, so far, has scarcely been used in Florida's soaring real estate markets could take root here this fall. A new, nonprofit trust would perpetually own land on which houses priced for moderate-income families are built or remodeled. It would impose price controls on those homes for the initial sale and every sale thereafter. The land trust -- which is being formed at the suggestion of the County Commission -- is intended to significantly lower home prices for educators, nurses, police and other workers who are finding housing costs escalating out of their reach. As of this spring, the median sales price of a home in the Sarasota-Bradenton market hit an all-time high of $316,600 -- a 31 percent jump from a year earlier. Read the full story: www.heraldtribune.com Vast majority choosing cash option for child trust funds Submitted Wednesday July 26, 2005 The Building Societies Association has released figures revealing that most parents are opting for the cash Child Trust Fund (CTF) account over a stakeholder account. Of the 50,000 CTF accounts opened in June, 31,000 were cash accounts. Since the CTF option became available 70 per cent of people have chosen the cash option. Read the full story: www.fairinvestment.co.uk Child Trust Funds best to see your child's future grow Submitted Wednesday June 7, 2005 Investing in your child's future with a Child Trust Fund (CTF) could see you almost £7,000 better off over an 18-year term. This statement comes from price comparison website moneysupermarket.com, which compared children's savings accounts with CTFs to see which offered the best returns. The website found that an initial investment of £250 with additional payments of £100 per month in a Nationwide BS CTF account with a six per cent AER gave an account value of £40,025.57 after 18 years. Nationwide's Smart child savings account saw the same investment drop in value to £33,341.34 - a difference of £6,684.22. Read the full story: www.fairinvestment.co.uk Trust Appeals to Save Ancient Woodland Submitted Wednesday June 7, 2005 One of the largest ancient woodlands remaining in the UK will be wrecked unless action is taken soon to save it, a conservation group warned today. The Woodland Trust said Wentwood Forest near Newport in South Wales is a national treasure, with rich historical and cultural associations. Read the full story: news.scotsman.com Happy trails: Trust group looking to string a set of pathway 'pearls' along the waterfront Submitted Wednesday May 13, 2005 EUREKA -- Just past the mall and mere seconds off U.S. Highway 101, sits a little-known gem of bayside expanse just waiting to be discovered. And, members of the Trails Trust of Humboldt Bay are working to make that happen. The trust was formed in July 2004 to champion the development of trails across the county and to support the Eureka Trails Committee, which was formed by the city five years earlier. "A group of us realized the need for an advocating support arm of the committee," said Connie Miller, a trust member and former city councilwoman. At a press conference Wednesday, with the future Truesdale trail head site acting as a scenic backdrop, several members of the trust said they are now reaching out to the community to voice their support -- financial and otherwise -- for trail development. Read the full story: www.times-standard.com Boehm's victims to receive trust fund Submitted Wednesday May 13, 2005 $1.2 MILLION: Teens given drugs for sex will have money to recover. Troubled teenagers who got roped into a drug and sex trafficking ring at a local businessman's home may be able to turn their lives around with the help of a $1.2 million trust established Tuesday. The fund -- believed to be the first of its kind in the country -- was part of a plea agreement between federal prosecutors and Alaska Industrial Hardware president Josef Boehm. U.S. District Judge John Sedwick sentenced Boehm, 61, on Tuesday to 11 years, the maximum allowable under the plea deal. He also fined him $17,500, ordered forfeiture of his Oceanview home and required him to fund the trust. Read the full story: www.adn.com Creating a condominium trust for building of any size Submitted Wednesday May 13, 2005 Q How do you set up a condominium for a three-family
house? I would like to do this with a three-family that I bought recently. Read the full story: www2.townonline.com Penn West profit jumps as trust conversion nears Submitted Wednesday May 13, 2005 CALGARY, Alberta (Reuters) - Penn West Petroleum Ltd.'s profit jumped 10 percent in what is expected to be its final full quarter before it converts into Canada's largest energy income trust, the company said on Wednesday. Penn West, whose shareholders are slated to vote later this month on the much-anticipated reorganization, also said its chairman, Calgary financier Murray Edwards, will step down from that position after the trust is created. Read the full story: www.reuters.ca Submitted Wednesday April 25, 2005 What are the investment trust options? Your Child Trust Fund (CTF) voucher has arrived in the post, and you’ve even got a particular investment trust in mind….But what if it’s not directly available through a Child Trust Fund provider? The Association of Investment Trust Companies (AITC)
has received a number of queries from private investors asking what
their options are if a particular investment trust is not directly available
through a Child Trust Fund provider. The AITC has published details
on the CTF investment trust options, as well as looking at alternatives
to the CTF when it comes to saving for children through an investment
trust. Blind trust files taxes for president Submitted Wednesday April 25, 2005 WASHINGTON - (KRT) - Home is where the money is, when it comes time for President Bush to file his taxes. Home is not the White House, and home is not the range of his Crawford, Texas, ranch. Home is Chicago. Post Office Box 803968, Chicago, Ill., 60680, that is - according to the 2004 federal income tax return that Bush filed this spring, just like returns the president has filed every year since election. This is not some undisclosed location. This is the downtown post office box of Northern Trust Corp., the Chicago-based, multinational holding company that manages hundreds of billions of dollars invested by clients - including the president. Read the full story: www.kansascity.com Submitted Wednesday April 25, 2005 The National Park Trust has won a free creative campaign
from JWT Chicago thanks to a winning bid on EBay. Read the full story: washingtontimes.com Sita Ram Trust claims ownership of disputed land The Sita Submitted Wednesday April 25, 2005 Ram Trust at Ayodhya has claimed ownership of the disputed Sri Ram Janmabhoomi-Babri Masjid complex. The manager of the Raj Rajeshwari Sita Ram Trust, Raja Shivendra Pratap Sahi, said that the trust had filed a title suit in the court of the civil judge, Faizabad, for the ownership of the land. Sahi says neither the Sri Ram Janmabhoomi Trust nor the Uttar Pradesh Sunni Waqf Board has any claim on the disputed land. Revenue records show that the disputed land belonged to Deara Estate. In 1893, the land was donated to Raj Rajeshwari Sita Ram Trust by the then ruler of the Deara Estate, he claimed. Read the full story: sify.com Trust boom proves need for tax reform, Mintz argues Submitted Wednesday April 22, 2005 TORONTO -- The boom in income trusts in Canada is evidence of a tax system that is hurting the economy and badly in need of more reform, the head of the C.D. Howe Institute says. "We have a tax system that is creating a significant problem vis-à-vis productivity by creating distortions amongst the choices of business organizations in Canada, in particular income trusts," Jack Mintz, president and chief executive officer of the conservative think tank, said in Toronto yesterday. Read the full story: www.theglobeandmail.com Pet Care Trust Launches Manifesto For Pets Submitted Wednesday April 22, 2005 The Pet Care Trust has unveiled its ten-point pet manifesto, calling for the next government to support responsible pet ownership and high standards of animal welfare. The manifesto includes the reclassification of veterinary medicines, introducing pets into public institutions such as prisons and the replacement of the pet shop licence with a duty on pet shop owners and managers to demonstrate competence in animal care. The Trust also calls for the next Government to include the Animal Welfare Bill in the next parliamentary session to introduce a general duty of care. Read the full story: www.k9magazine.com Senate Deal for Asbestos Victims Trust Fund Announced Submitted Wednesday April 22, 2005 WASHINGTON — Sen. Arlen Specter (R-Pa.) said Tuesday that he had reached a bipartisan compromise to create a trust fund that would compensate victims of asbestos exposure. The deal, which has been in the works for weeks, would create a $140-billion trust fund for individuals with asbestos-related diseases. In return, the asbestos victims would give up their right to sue. Read the full story: www.latimes.com TRUST CHALLENGES PROSPECTIVE MPS Submitted Wednesday April 22, 2005 The Sheffield Wildlife Trust (SWT) today called for the city's prospective parliamentary candidates to ensure that conservation of the region's natural environment is high on their election agenda. Read the full story: services.press.net Submitted Wednesday April 22, 2005 MEMPHIS, Tenn.--(BUSINESS WIRE)--April 20, 2005--Education Realty Trust, Inc. (NYSE:EDR) today announced it has signed an agreement to purchase University Courtyard in Murfreesboro, Tennessee for $20.9 million in an all cash transaction expected to close April 27, 2005. The property, which EDR will re-brand, is located approximately one-half mile from Middle Tennessee State University, the fastest growing public university in Tennessee, with a current enrollment of approximately 22,000. The property is composed of 11 three-story buildings containing 240 fully furnished units with 864 beds. The property was developed by The Ambling Companies, a respected, national developer of student housing properties. Read the full story: businesswire.com Funding A Revocable Living Trust With Life Insurance Submitted Wednesday April 18, 2005 What is a Revocable Living Trust? * It is a legal entity that can own, manage and distribute
the assets placed in it. How Does It Work? Read the full story: www.gfn.com Submitted Wednesday April 18, 2005 The Chartwell Trust Launches Campaign to Narrow “Resource Gap” Faced by Catholic Schools Are Catholic Schools viewed as the backbone of the Catholic Church or are they money losing subsidiaries? Everyday in the newspaper are accounts of scores of Catholic Schools closing their doors. It isn’t that Catholics don’t prefer a Catholic education for their children. It isn’t that the performance of Catholic Schools is disappointing. It comes down to one overriding issue: lack of resources. Read the full story: www.emediawire.com Norway Seeks Trust Fund for Sudan Submitted Wednesday April 18, 2005 The Norwegian Minister for International Development Hilde Frafjord Johnson yesterday called for a multi-donor trust fund approach in the reconstruction of the new Sudan. This would act as a model for support for the war-torn areas ahead of the international donor conference scheduled for next week. Read the full story: allafrica.com Trust, birds, a dream - and a 500-year plan Submitted Wednesday April 18, 2005 When Stephen Fuller became Karori Wildlife Sanctuary's first general manager his lounge doubled as the trust's office. There was no sanctuary, no money and not much of anything else – except a passion to get native birds back in Wellington city. It was 1993, and a steering group had been established to look at whether native birds could be attracted to the city by fencing off a bush area and keeping out predators. After a study found that the idea was feasible, the steering group consulted the community and found widespread support. It then went to Wellington City Council and asked it to form a trust to turn the idea into a reality. Read the full story: www.stuff.co.nz Pawlenty proposes resource plan Submitted Wednesday April 18, 2005 Gov. Tim Pawlenty would rather see the Minnesota Environmental Trust Fund spend less money on state parks and trails and more money on conservations projects. At a press conference, he proposed a seven-member Minnesota Conservation Heritage Foundation that would make policy and spending decisions currently made by the Legislative Commission on Minnesota Resources (LCMR). Read the full story: www.mnbiketrails.com Nokia Urban Music Festival All In One Day Submitted Wednesday April 18, 2005 The Nokia Urban Music Festival have consolidated the event into one day to bring you the biggest Urban multi-artist festival the UK has seen. The Nokia Urban Music Festival with the Prince's trust has an exciting line-up of the best UK and stateside acts you will ever find under one roof. The event will now take place on Saturday 16th April 2005 at London's Earls Court and you'd be a fool to miss out on what is simply the best Urban showcase the UK has to offer. Read the full story: www.uk-flava.com
Nevada County Land Trust - Salter Dog Park Work Day Submitted Wednesday April 18, 2005 John Taylor with the Nevada County Land Trust and the Salter Dog Park project manager, would like to invite all dog owners and dog park enthusiasts to another work day, from 9:00 - noon on Saturday, April 16. Workers should bring tools and safety equipment for removing brush as well as debris from old trailers left on site. Chainsaws, pruners, loppers would all be welcome. All should bring gloves. Meet at the intersection of Mystic Mine and Bitney Springs. After the workday, John will be providing a tour of the site and tentative plans for the area. For more information, contact John Taylor at 272-6988. Read the full story: www.yubanet.com Prince's Trust guides youth back to land Submitted Wednesday April 18, 2005 YOUNG people in Carmarthenshire and Pembrokeshire are being given the chance to learn farming and countryside skills with the Prince's Trust. The region is piloting a new programme, Get Into Land, which seeks to provide unemployed 16 to 25-year-olds with the skills and work experience necessary to enable them to access employment and further training opportunities in land-based industries. Read the full story: icwales.icnetwork.co.uk Land Trust inspired to clean up Submitted Wednesday April 18, 2005 KITTERY, Maine - Artists often look for inspiration in nature, the way the sun reflects off a pond or a snow-covered tree. Crumpled potato chip bags, beer bottles and long metal poles don?t usually make it on the canvas. For Earth Day, the Kittery Land Trust will clean up an area that has the potential to be art-inspiring. On Friday, April 22, at 9 a.m., Land Trust members, Timberland company employees and anyone else interested will be meeting between Golden Harvest and Beech Pea. The trust has acquired and manages five acres of land behind the two businesses on State Road, known as Cook?s Wetland, according to KLT coordinator Marcia Tingley. Read the full story: www.seacoastonline.com Hawaii bill would let pets get trust money Submitted Wednesday April 12, 2005 HONOLULU -- Shouldn't your loyal dog Spot be able to live out his life in the manner to which he is accustomed if -- hypothetically -- you should meet your end first? Under a bill scampering through the Legislature, he will. The measure would allow Hawaii residents to leave a trust for the care of their pets after their owners pass on. Read the full story: www.boston.com Is the trust fund real? It had better be, or bonds are worthless Submitted Wednesday April 12, 2005 Americans benefit greatly from the perception that U.S. Treasury bonds are the safest investment in the world. This perception permits the United States to pay low interest rates, in its own currency, on the trillions of dollars it has borrowed to finance budget deficits. President Bush is taking a large risk when he attempts to gain political advantage by challenging the perceived safety of his country's bonds. The president on Tuesday called into question the value of government bonds when he visited the Bureau of the Public Debt in Parkersburg, W.Va. He used a filing cabinet containing $1.7 trillion in bonds as a prop in his campaign for private Social Security accounts. The bonds represent money owed to the Social Security system by the federal government; they will be redeemed starting in 2017, when the system's obligations begin to exceed its income. Read the full story: www.registerguard.com Establish NEC Trust Fund, Medina Wesseh Suggests Submitted Wednesday April 12, 2005 A Liberian female political activist, Medina Wesseh, has stressed the need for the establishment of a trust funs for the ongoing electoral process in the country. Speaking at a one-day media awareness elections workshop, organized by the National Elections Commission (NEC) held Monday in Monrovia, Mrs. Wesseh said the establishment of a trust fund at a local bank in Monrovia would help the National Elections Commission smoothly speed up its electoral obligation. Read the full story: allafrica.com Big bucks from heaven: Major trust will benefit Belmont for years to come Submitted Wednesday April 12, 2005 BELMONT (April 7): In 1993 Karl Wentworth of Belmont placed his assets in a trust that would benefit Waldo County General Hospital after he and his wife Clara passed on. In 2002 he crossed out the hospital's name on the document and substituted the town of Belmont as the beneficiary. That change, entered and signed with a pen, will soon pay large dividends to the community where he lived for most of his 90 years. Read the full story: waldo.villagesoup.com Trust website aims to reduce obesity in kids Submitted Wednesday April 12, 2005 An Ulster health trust will today launch a unique website in a bid to reduce the growing incidence of diabetes and obesity. North and West Belfast Trust chairman Pat McCartan said the website was "vital" in tackling problems head-on. "As we are all aware, the incidence of childhood obesity and diabetics is increasing at an alarming rate. Projects such as this information point are vital in engaging children in learning about healthy choices," she said. Read the full story: www.belfasttelegraph.co.uk Submitted Wednesday April 12, 2005 SWIMMING pools and adjacent gyms in Sawbridgeworth and Bishop’s Stortford are being let out to a charitable management trust. Grange Paddocks Pool and Gym, Bishop’s Stortford, which is owned by the council, and the Leventhorpe Pool and Gym, Sawbridgeworth, which is owned by The Leventhorpe School, will be run by charitable trust Enfield Leisure Centres Ltd (ELCL) from July 4. Read the full story: www.bishopsstortfordcitizen.co.uk Insurance firms drop support of $140 billion trust fund Submitted Wednesday April 12, 2005 NEW YORK (MarketWatch) -- A top Senate Republican said Tuesday he is in striking distance of hammering out a compromise on legislation to create a $140 billion federal trust fund to pay asbestos lawsuit claims, but added that major concessions will be necessary from all sides. After a series of closed-door meetings with lawmakers, Senate Judiciary Committee Chairman Arlen Specter, R-Pa., said he was confident the remaining three to four sticking points for the committee's Republicans can be reconciled. Specter would not identify the outstanding issues. ... Gunter ISD Foundation Trust to give grants and scholarships Submitted Wednesday April 12, 2005 GUNTER - The Gunter ISD Foundation Trust will give away $40,000 in grants and scholarships Saturday in a dessert and coffee awards reception at 6:30 p.m. on Saturday in the Gunter High School commons area. The GIFT contributes to bother current programs and enduring opportunities. Sixty percent of contributions go toward student scholarships and campus grants. In three years, the foundation has given $140,000 to students and teachers Submitted Wednesday April 12, 2005 The Child Trust Fund, a government-savings scheme which gives parents £250 vouchers to invest on their children's behalf, is open for business on 6 April. Many parents - who are entrusted with investing the funds until their children reach 16 - may be struggling to know where they should invest. Here is a guide to the scheme and what to look out for Read the full story: news.bbc.co.uk Trust steps in to preserve Jamestown Submitted Wednesday March 30, 2005
JAMES CITY -- A national preservation organization has been recruited to save the Jamestown Yacht Basin and campground from exploitation for 2007. The 198 acres surround Jamestown Settlement and include an expansive beach. James City officials set out to preserve the land when the package went on the market last fall. New York-based Trust for Public Land is finalizing an agreement with the landowner, local hotelier Hunter Vermillion, said Debi Osbourne with the trust. She cautioned that the agreement is contingent on raising up to $13 million from federal, state, local and private sources. The trust hopes to raise half the money this year. The trust essentially coordinates the purchase of land and pulls together funding partners to secure the property. Read the full story: www.vagazette.com
Trust hopes trains will steam into town Submitted Wednesday March 30, 2005
Vintage trains could be steaming back into Oswestry next year if the timetable to restore and reopen the area's heritage railway stays on track. The Cambrian Railways Trust revealed this week that the first 1,000 yards of track should be in operation later this year. And those behind the trust say they want to extend that to Oswestry in 2006. Read the full story: www.shropshirestar.com
Bill to sell Land Trust property opposed Submitted Wednesday March 30, 2005
It is a bad idea to sell Chamorro Land Trust property, even if the goal is to improve the lives of the Chamorro people, several residents told lawmakers during a public hearing yesterday morning. Read the full story: www.guampdn.com
Nutritionists Seek Soda Ban in Pa. Schools Submitted Wednesday March 30, 2005
HARRISBURG, Pa. -- When the Philadelphia School District banned the sale of carbonated soft drinks in city schools last year, a nonprofit nutrition advocacy group considered the decision a sweet victory for its activists. Since then, the Philadelphia-based Food Trust has been working to build statewide momentum for its cause. With funding from the state Agriculture Department, it has developed a "Healthy Beverage Toolkit" -- a primer on how other communities can marshal support for similar policies. Read the full story: www.newsday.com
American Financial Realty Trust Announces Renewal of Agreement With Wachovia Submitted Wednesday March 30, 2005
JENKINTOWN, Pa., March 28 /PRNewswire-FirstCall/ -- American Financial Realty Trust (NYSE: AFR - News), a real estate investment trust focused on acquiring and leasing properties occupied by financial institutions, today announced that it has renewed its formulated price contract with Wachovia Bank, N.A. The new two-year contract is substantially the same as the former agreement, which expired in September of 2004, and provides that Wachovia will sell to the Company, and the Company will buy, most bank branches that Wachovia intends to vacate through its consolidation activities across its footprint. The formulated purchase price for the vacant branches will be based on an appraisal formula. Read the full story: biz.yahoo.com
Trust fund brightens budget outlook Submitted Wednesday March 23, 2005
BELMONT (March 22, 2005): Belmont's annual meeting was as short as ever Monday night -- a few ticks more than an hour -- and very sweet. For the first time this year the town will receive the income from a trust established by the late Karl Wentworth to reduce Belmont's contribution to SAD 34. First Selectperson Barbara Bubar said the trust could be as large as $4 million to $5 million, which could cut the school payment almost in half. Read the full story: belfast.villagesoup.com
Pulliam Trust Gives $100M to Nonprofits Submitted Wednesday March 23, 2005
What started as one woman's dream became a reality as the Nina Mason Pulliam Trust reached a landmark $100 million dollars in grants. Thirty-two nonprofit organizations were awarded funds today at the Theodora House. One of the women in charge of distributing the funds says she truly believes Pulliam would be satisfied with the way the money is being spent. Read the full story: www.wishtv.com
Talk Of Trust Land Reform Resurfaces Submitted Wednesday March 23, 2005
Trust land reform discussions, which have gone on and off in the Legislature like a light, have been flipped on again. Sen. Robert Cannell, D-24, has urged Sens. Jake Flake, R-5, and Carolyn Allen, R-8, who have been working on trust land reform for years, to rekindle negotiations that broke off three weeks ago between the Legislature and stakeholders on the issue. Read the full story: www.azcapitoltimes.com
Artists Urged to Back the Dart Submitted Wednesday March 23, 2005 The Dart Catchment Project, launched by the Devon Wildlife Trust (DWT), aims to restore habitats, tackle pollution hotspots and raise awareness of the role the river plays in community life. Read the full story: news.scotsman.com
Practices of Waikato trust under fire Submitted Wednesday March 23, 2005
Previously undisclosed findings of a confidential report into Corrections Department contracts are critical of Waikato Raupatu Lands Trust practices. Four Tainui staffers, including former board member Hadyn Solomon, lost their positions last year in the wake of a report by Hamilton firm Indepth Forensics into allegations employees were paid by both the Lands Trust and Corrections for the same work. Read the full story: www.stuff.co.nz
PREMIER TO PLACE FAMILY ASSETS INTO BLIND TRUST Submitted Wednesday March 23, 2005
Taipei, March 22 (CNA) Premier Frank Hsieh said Tuesday he will put his family assets into a blind trust to accentuate the government's sincerity and resolve in promoting clean politics. Hsieh made the pledge during a Legislative Yuan interpellation session where opposition Kuomintang Legislator Wang Yu-ting asked the premier whether the government is sincere about establishing clean politics and stamping out official corruption. Stressing that the Democratic Progressive Party (DPP) administration has been committed to substantiating clean politics, Hsieh said he is willing to set an example for other politicians to follow by putting his family assets into a blind trust. Hsieh said he has been discussing his asset trust plan with a professional accountant. Read the full story: www.gov.tw
Barclays urge parents to use Child Trust Funds Submitted Wednesday March 23, 2005
Over two thirds (67%) of 18-24 year olds admit their view of money is influenced by their parent's attitude to money, according to new research by Barclays. The bank is urging parents to embrace Child Trust Funds in order to educate their children about the importance of saving and to help bridge the UK's future savings gap. Read the full story: www.in2perspective.com
Submitted Monday March 21, 2005
Volunteers have taken over the running of a woodland garden to keep it open to the public. Upton Castle Gardens was in danger of closing as Pembrokeshire National Park Authority found it could no longer keep the 30-acre site going. A trust will now run the garden, which overlooks Milford Haven waterway and attracts around 10,000 visitors a year. Read the full story: news.bbc.co.uk Garrison Players receive $7K donation from trust Submitted Monday March 21, 2005 Garrison Players, a nonprofit community theatre group, announce that it is the recipient of a $7,000 donation from the J. Henry Hanhisalo Charitable Trust. The donation will be used to help complete the final remaining project in the restoration of the Garrison Players Arts Center, enabling the community theatre group to continue its tradition of providing high quality, family performances to area theatre-goers. Read the full story: www.seacoastonline.com Residents form North Castle land trust Submitted Monday March 21, 2005 NORTH CASTLE — Culminating years of growing concern in town that open spaces are disappearing under ill-planned development, a group of residents has formed a local chapter of the Westchester Land Trust. The North Castle Land Trust will try to preserve sensitive open spaces using conservation easements and other tools. It will build on and complement the work of the town's Open Space Committee, which is also working on easements and has a small bond fund for acquiring property. Read the full story: www.thejournalnews.com Submitted Monday March 21, 2005 DONKEYS are up for adoption at a Manchester park. The Elisabeth Svendsen Trust for Children and Donkeys which provides therapeutic riding sessions for children with special needs and disabilities has launched the scheme at Gorton's Debdale Park to help with running costs. Read the full story: www.manchesteronline.co.uk
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Types of Trusts
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