E.W. and Jessie
created two charitable trusts to perpetuate their philanthropy.
Jessie established the Jessie F. Hallett Charitable Trust
to continue to provide support to organizations that she had
supported during her lifetime. Several years later, E.W. created
the E.W. Hallett Charitable Trust and empowered his trustees
to carry out his philanthropic commitment.
same Board of Trustees administers both Trusts. The conditions
and criteria set out herein apply to all grants awarded by
the Board of Trustees.
Trusts award the greater of annual investment income or the
Internal Revenue Code required distribution amount. (delete
of net assets). In the last three years the Trustees have
awarded an approximate average of $1,100,000.00 of grants
annually. Approximately 40% of this amount satisfies distributions
required by the Jessie F. Hallett Charitable Trust. The balance
is awarded at the discretion of the Board of Trustees.