Trust Fund #815 – The Vincent Astor Fund
Resolution text
Resolved, That 50 percent (50%) of the income from Trust Fund No. 815, The Vincent Astor fund, be allocated to the Diocese of New York and 50 percent (50%) be allocated to the Diocese of Long Island for the period 2021 through 2023, pending receipt of appropriate accounting and narrative reports for previously disbursed funds.
Explanation
Trust Fund # 815, The Vincent Astor Fund (1978)
The income from Trust Fund No. 815, The Vincent Astor Fund, is restricted to projects within the five boroughs of New York City. Under the authority of Astor Fund Committee composed of the Bishop of New York and the Bishop of Long Island, various projects in the five boroughs will be approved after a thorough review. The Committee also approves disbursements and assumes responsibility for oversight and annual reports.
Executive Council is trustee of TF815 and approves disbursement of the income. Since 2008, EC has authorized disbursement for three-year periods. The current resolution authorizes disbursements through 2023.