E.W. and Jessie Hallett 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.
The same Board of Trustees administers both Trusts. The conditions and criteria set out herein apply to all grants awarded by the Board of Trustees.
The Trusts award the greater of the net annual investment income or the Internal Revenue Code required distribution amount. In the last three years the Trustees have awarded an approximate average of $1 million in 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.